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Total Profits Up in Volatile Q2
French oil major Total reported a second-quarter profit of $2.5bn, up 14% on the same period last year, despite only a 9% increase in oil prices and a 15% rise in gas prices.…
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African Petroleum Awaits Gambian Response
Oslo-listed explorer African Petroleum Corp (APC) provided an update July 20 on The Gambia, where the government is disputing its title to acreage, and Senegal. Offshore acreage…
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World Bank Boosts Loans To Senegal
The World Bank has signed four financing agreements with Senegal to support key economic sectors, including natural gas, a statement from the government revealed July 6. The…
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Cairn Finds More Oil off Senegal
Senegal’s reputation as an oil and gas exploration hotspot has been further bolstered by another oil discovery by UK independent Cairn Energy. Its latest well, FAN South-1 &…
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FAR Cleared to Operate Gambia Blocks
Australian independent FAR has had its March 2017 application to acquire an 80% operating interest in two West African offshore blocks A2 and A5 approved by the Gambian government.…
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FAR Files for Arbitration over Senegal
Australian independent FAR Limited has filed for arbitration in its dispute over ConocoPhillips' sale to Woodside. FAR said June 20 it has made a request to the…
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Senegal Spat Risks Delaying Oil
Development of three oil-rich blocks offshore Senegal, currently operated by UK Cairn Energy, could be delayed as minority Australian partner FAR has objected to ConocoPhillips'…
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African Petroleum Extends Senegal Talks
Oslo-based African Petroleum (AP) says it has allowed six more weeks for talks on a farm-in to three promising Senegal and Gambian offshore licences. The Kosmos-BP partnership…
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Senegal Awarded World Bank Loan
The World Bank said May 31 it will provide a $29mn loan to Senegal to strengthen the country’s institutional capacity to negotiate oil and gas deals. It said this would…
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Golar LNG: Still No Progress in Ghana
Golar LNG provided an update May 31 on its two West Africa floating liquefaction projects, but said that a Ghana floating import project in which it is involved has made “no…
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Cairn Spuds 10th Senegal Well
Cairn has spudded its first pure exploration well in Senegal since the SNE discovery of 2014, its junior partner there Australia’s FAR announced May 26. The new well, FAN…
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Pluto Expansion Could Start 2021: Woodside
“Woodside is well positioned to capitalise on an expected increase in demand from emerging Asian markets,” its CEO Peter Coleman told the company’s annual…
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Cairn's 9th Senegal Well Flows Oil
UK Cairn Energy said May 18 that its ninth well offshore Senegal – the SNE-6 appraisal well – has flowed oil. Four drill stem tests on SNE-6 produced at maximum…
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Ophir Hits Cote d'Ivoire Duster
An exploration well offshore Cote d’Ivoire drilled by Ophir Energy has turned out to be dry. Ophir and partner African Petroleum (each with 45% interests) said May…
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Total Grabs 2nd Mauritania Block
Total said May 12 it has signed an exploration and production contract for Mauritania’s 7,300 km² offshore Block C7, its second in the country. The French…
