Australian Woodside is expanding into Africa following the signing of a binding Purchase and Sale Agreement (PSA) for the acquisition of ConocoPhillips’ assets in Senegal.
Shell and Equatorial Guinea have signed a Memorandum of Understanding (MoU) to reinforce cooperation in future oil and gas projects in the West African country
ExxonMobil has reportedly joined forces with Qatar Petroleum in a bid to explore oil and gas assets in Mozambique’s Rovuma basin.
This month saw oil finally pushing up past the US$50 per barrel mark. According to a team of US analysts, it is likely it won’t stop here.
Brent crude oil prices rose again today, pushed by a weakened U.S. dollar and a tightened supply caused by outages in Canada and Nigeria.
Technip has been awarded a major contract to develop a natural gas field in the Central Mediterranean Sea, offshore Libya.
Royal Dutch Shell has confirmed that it is to sell oil licence blocks in Gabon following the company’s divestment plan in the region.