RAK Petroleum Increases Côte d’Ivoire Stake

Oslo-listed oil and gas investment company RAK Petroleum plc has announced that it has increased its stake in Côte d’Ivoire Block CI-27 to 9.1 percent following the acquisition by Foxtrot … Read More

BP’s operates the world’s first robotic coreflooding system

BP recently announced that it is now operating the world’s first robotic coreflooding system the most recent addition to BP’s programme of enhanced oil recovery (EOR) research facilities. Coreflooding which is … Read More

Lidongo X Marine 101 well offshore Congo exceeds pre-test expectations

SOCO has announced that the its subsidiary has successfully completed testing the exploration well Lidongo X Marine 101 ST1 well reaching a post stimulation frac peak rate of 5,174 barrels … Read More

Madagascar Oil submits the Block 3104 Tsimiroro Development Plan

Madagascar Oil has announced that the Block 3104 Tsimiroro Development Plan (TDP) has been submitted to the Executive Committee, ahead of the 4 November 2014 deadline set by the production … Read More

Cairn Energy, FAR announce oil discovery Senegal

Cairn together with its joint venture partners FAR ConocoPhillips 35% and Petrosen have announced that the FAN-1 exploration well, offshore Senegal, has discovered oil. The well, located in 1,427 metres water depth and approximately 100 kilometres offshore in the Sangomar Deep block reached a Target … Read More

Eni’s CEO, COO under investigations on corruption allegations in Nigeria

Italian oil and gas giant Eni has said it is cooperating with the Milan prosecutor’s office in relation to the preliminary investigation launched on the acquisition of the Nigerian block … Read More

CAMAC Energy Closes $100 Million Credit Facility from Zenith bank

CAMAC Energy has announced today that its wholly owned subsidiary, CAMAC Petroleum Limited, has entered into a credit facility with Zenith Bank Plc for a five-year senior secured term loan providing … Read More