Africa
Exploration & Production
BP Signs Deal To Explore For Oil Offshore Angola
BP signed an agreement with Angola aimed at acquiring oil further exploration rights, the latest in a flurry of agreements between oil majors and Africa's second-biggest exporter.
Field Development
Australia’s FAR Takes Final Investment Decision For Senegal Oil Project
The Senegal government recently gave the greenlight for the project, which is expected to produce 231 million barrels (MMbbl) of oil resources in its initial phase of development and strike first oil in the next three years.
Crude Oil , Trade , International , Pipelines
Oil Prices Rise As Libya Declares Force Majeure On Oil Fields
Two major oil fields in southwest Libya began shutting down on Jan. 19 after forces loyal to Khalifa Haftar closed a pipeline, potentially cutting national output to a fraction of its normal level.
Field Development
Eni’s Agogo Oil Field In Angola Begins Production
The Agogo field was Angola’s largest offshore discovery in years and could help slow years of production declines in Africa’s second-biggest exporter.
Exploration & Production , Lease Sales
Eni, Total Among Winners Of Rights To Develop Angolan Frontier Blocks
Angola, Africa's second-biggest oil exporter, is working to reform its oil industry and broader economy to arrest a drop in production that has heaped pain on the economy.
Crude Oil , Policy & Regulations , Trade
OPEC Expects Lower Demand For Its Oil As US Hits New Milestone
OPEC expects lower demand for its crude oil in 2020 as rival producers grab market share and the U.S. looks set for another output record.
Exploration & Production
Equatorial Guinea To Add 20,000 Barrels Per Day Of Oil Production This Year
Equatorial Guinea, a member of OPEC, currently produces 120,000 bbl/d.
Field Development
Woodside, Partners Get Final Go-ahead For Oil Project Offshore Senegal
The project is estimated to target 231 million barrels of oil resources in its initial phase of development.
Exploration & Production , Policy & Regulations
Somalian Parliament Approves New Petroleum Law
The new law will establish revenue sharing between the central government and states and will provide a legal framework for an industry the country hopes will bring jobs after decades of conflict.
Liquefied Natural Gas (LNG)
Nigeria Inks Major LNG Expansion With Oil Majors
Nigeria signed a major gas expansion deal on Dec. 27, a much-needed collaboration with oil majors that Nigeria LNG said would boost its liquefied natural gas (LNG) output by more than 30%.