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[Opinion] Is Africa Back on Track in the Oil Business?

6h oilvoice
Earlier this month, Exxon Mobil Corp signed a deal with Ghana which gives the giant company the rights to explore in the Deepwater Cape Three Point offshore oilfield. Last week, Tullow Oil Plc was awarded two more oil and gas blocks by Ivory Coast to add to its existing holdings. Is Africa about to turn the corner and re-enter the oil race?      There's no doubt that Africa is a vibrant, diverse and rapidly growing economy. (6-0)

UPDATE 1-Total to buy shares in Kenyan oil blocks from A.P. Moeller-Maersk

7h reuters
NAIROBI, Jan 23 (Reuters) - Total SA is to buy shares in three Kenyan oil blocks from A.P. Moeller-Maersk , the office of Kenya’s President Uhuru Kenyatta said on Tuesday.

[Opinion] Oil Rush in Guyana

2018-01-22 oilvoice
Traces of petroleum have been recorded in Guyana since the 1750s, back when Dutch explorers were mapping the country. Wells drilled in 1916 produced some natural gas that powered local utilities for several decades, while Shell and the California Oil Company made exploratory drills in the 1950s and 1960s. However, while discoveries in Venezuela and Brazil propelled their economies forward, the former British colony of Guyana has been quiet.

Crispin Odey Not To Blame For Losing Investors Two-Thirds Of Their Money | Dealbreaker

2018-01-19 dealbreaker
Crispin Odey hates the European Union even more than he loves his chickens. This is a quantifiable fact: While the hedge fund manager spent only £250,000 to erect a Palladian temple fit for his fowl, he dropped three-and-a-half times as much backing the Leave campaign in 2016. And it worked! His money helped blind the people of Britain to the historic mistake they were about to make with fanciful promises of a bright new future for Albion sans consequences and reality (and also with fear of Polish people).

Ivory Coast Awards Tullow Two New Oil and Gas Blocks

2018-01-17 rigzone
ABIDJAN, Jan 17 (Reuters) - Ivory Coast awarded Tullow Oil two new oil and gas blocks on Wednesday, including one along the maritime boundary with Ghana, government spokesman Bruno Kone said.

UPDATE 1-Ivory Coast awards Tullow two new oil and gas blocks

2018-01-17 reuters
ABIDJAN, Jan 17 (Reuters) - Ivory Coast awarded Tullow Oil two new oil and gas blocks on Wednesday, including one along the maritime boundary with Ghana, government spokesman Bruno Kone said.

[Press] Sonangol EP Interview: Is Enhanced Oil Recovery the Future of Angola’s Oil Production?

2018-01-17 oilvoice
Offshore Network releases exclusive interview with Geraldo Ramos, Senior Production Engineer at Sonangol EP, who discusses Enhanced Oil Recovery in West Africa, his vision for Angola's 2018 production landscape and the experience he gained from the North Sea - find out more here With production decline a common challenge to offshore production in mature fields globally, operators in West Africa are taking advantage of innovative technical developments in enhanced oil recovery techniques to recover the maximum from their existing oil reserves.

New Transocean's Contract Positive For Gulf Of Mexico Segment

2018-01-15 seekingalpha
The dayrate is not disclosed, but I don't expect major improvements compared to Deepwater Invictus contract. (48-0)

PXP Energy, partners farm out 35% stake in Peru oil prospect

2018-01-11 beta.philstar
MANILA, Philippines — Upstream oil and gas firm PXP Energy Corp. and its partners have taken in a new investor in the Peru oil prospect, UK-listed oil explorer Tullow Oil. (4-0)

[Opinion] NrgEdge - Your Weekly Update: 8 - 12 Jan

2018-01-11 oilvoice
Market Watch Headline crude prices for the week beginning 8 January 2017 – Brent: US$68/b; WTI: US$62/b - Oil prices continue their upward trend, hitting 3-year highs. - Ongoing unrest in Iran continues to worry the market, although the Iranian government claims that its oil output has not been affected. - Supply disruptions in Libya have been nipped, and Libyan production is estimated to have increased to 1 mmb/d after dropping to 950,000 b/d.

Tullow Oil on track for return to profit as recovery takes hold

2018-01-10 telegraph.co.uk
Tullow Oil is on track to return to profit after rising oil prices helped boost its cash flows and wipe over a $1bn (£740m) from its debtpile.

PXP unit takes new partner for project

2018-01-10 bworldonline
A PERUVIAN UNIT of a company controlled by PXP Energy Corp. has taken on a new partner in an offshore exploration project in Peru, the Philippine-listed company told the stock exchange on Wednesday.

Industrial production and GDP growth data set to show UK economy picking up the pace

2018-01-10 telegraph.co.uk
Industrial production and GDP growth figures are set to show the UK economy picking up ahead of 2018.

Week ahead in business and finance

2018-01-08 telegraph.co.uk
Software giant Micro Focus kicks off a busier week on the corporate calendar as the troubled British high street comes into focus for investors.

Week ahead in business and finance

2018-01-07 telegraph.co.uk
Software giant Micro Focus kicks off a busier week on the corporate calendar as the troubled British high street comes into focus for investors.