GE Oil & Gas’ Takoradi service facility being constructed in Ghana is almost complete as the first two subsea trees for the Offshore Cape Three Points (OCTP) development is expected to be received at the facility in September. The Takoradi facility, which is scheduled to be completed by the end of this month, is part of the company’s measures in support Ghana’s energy production.Aside...

Spain has said that the unfavorable economic situation in Nigeria would affect the importation of oil, gas and other products from the country this year compared to last year. According to the Economic and Commercial Counsellor at the Embassy of Spain in Nigeria, Pablo Segrelles, his country imported products worth 4 billion Euros from Nigeria in 2015 but this will reduce this year due to the...

The Petroleum Facilities Guard (PFG) has halted oil production from the Gulf fields and Al-Wafa field due to non-payment of security fees of the oilfields by the Libyan unity Government (GNA). According to a brigade commander, Mohammad Ahmad Alkhbasha, the PFG in the south shut down the two oilfields, which produce 30,000 barrels per day of light oil condensate. “There are about six oilfields...

Sound Energy on Wednesday announced that the second Tendrara well, TE-7, onshore Morocco, has now been drilled to the first casing point at a measured vertical depth of 462 metres. According to the company, the 13 3/8" casing has been successfully set and cemented in the Aalenian dolomite formation.This new development is coming almost a week after the European and African focused upstream...

Eni has revealed plans to increase production at its Nooros field to 1billion cubic feet per day of gas in 2017, rather than the formerly detected 700 million cubic feet daily production. The Italian company was expected to boost gas production from three wells in the Nooros field by 180mcf/d in September 2016. According to an official from Egyptian Natural Gas Holding Co (EGAS), the...

La Compagnie minière de l’Ogooué (Comilog) a récemment organisé une visite guidée des installations du Complexe métallurgique de Moanda (Cmm) au profit des populations de la gare. Des dizaines de visiteurs se sont installés dans l’une des salles de réunion où ils ont assisté à la projection d’un court métrage faisant la genèse et l’aboutissement du projet du CMM. A la...

Experts and oil industry players have predicted a decrease in exploration activities as well as in the discovery of oil this year due to the downward trend in the prices of crude oil in the global market. In 2015, explorers found only a tenth of what they have always been discovering as oil every year since 1960. In 2016, it is estimated to reduce, thereby inciting new uncertainties about the...

CGG has entered into an agreement with Ghana’s GNPC Operating Services Company Ltd (GOSCO), to set up a joint-venture company aimed at performing high-end 2D, 3D and 4D marine seismic acquisition and related services in Ghana. The main responsibility of the joint-venture company, GOSCO Geoscience Limited (GGSL), is to make seismic vessels and marine seismic acquisition technologies and...

Libya’s National Oil Corporation Chairman, Mustafa Sanalla (photo), has announced that the delays in the passing of budget from the new government is affecting oil production, making the country lose about 200,000 barrels per day at the cost of millions of dollars. According to Sanalla, NOC’s calculations have showed that the lack of budget has resulted in production losses at its AGOCO and...

The Niger Delta Avengers, a group of militants to be blamed for numerous attacks on oil and gas facilities in the southern Niger Delta region since the beginning of this year, has announced that it has agreed to a ceasefire and has stopped fighting. This is coming a week after the group said it was ready for a ceasefire and negotiations with the government. The region which produces most of the...