Category: Africa

Eni ups estimate of giant Mozambique gas find

Eni announces that the discovery of gas made in the exploratory prospectus of Mamba South 1, Area 4 offshore Mozambique, is about 50% larger than what announced by the company on October 20th.  More »

Exxon profits up 41 percent

The Irving based oil giant reported third quarter net income of $10.3 billion thanks to higher oil prices and better refining margins.  More »

Halliburton conducting internal investigation of Angola business

Halliburton Co., the world’s second- largest oilfield-services provider, said it’s conducting an internal investigation of its Angolan operations after receiving an anonymous e-mail alleging violation of the U.S. Foreign Corrupt Practices Act.  More »

Nigeria village files $1B suit against Shell in U.S.

A village in Nigeria’s oil-rich southern delta where observers found a drinking-water well polluted with benzene 900 times the international limit has sued Royal Dutch Shell PLC for $1 billion in a U.S. federal court.  More »

Gadhafi death unlikely to spur quick Libyan oil return

Moammar Gadhafi’s death isn’t likely to expedite the return of Libya’s oil output or lure back foreign companies as quickly as the interim government hopes, according to analysts Daniel Yergin at IHS-CERA and Edward Morse at Citigroup Global Markets Inc.  More »

Eni says ‘giant’ gas find off Mozambique is company’s largest

Eni SpA, Italy’s biggest oil company, found natural gas off Mozambique in a field that may hold enough to supply the U.K. for more than four years and would be the explorer’s largest operated discovery.  More »

Oil equipment helps Houston air cargo soar

Oil prices drive international cargo boom at Bush Intercontinental Airport.  More »

Shell adjusts production forecasts in Nigeria

Royal Dutch Shell is warning it can’t meet Forcados crude production goals in Nigeria, after shutting down production on one of its pipelines in the oil-rich southern delta.  More »

Anadarko Petroleum scores again in Mozambique

Anadarko Petroleum Corp. said it has “substantially increased” its estimate for the amount of natural gas offshore fields in Mozambique may hold in the wake of additional exploration success there by a partnership it leads.  More »

Nigeria: Pipeline attacked in oil-rich delta

Italian oil firm Eni SpA says a pipeline carrying some of its crude out of Nigeria’s oil-rich southern delta has been attacked.  More »

Q&A: Daniel Yergin found surprises while writing ‘The Quest’

The oil industry historian gives us the inside story on his latest book — and reveals what he had to leave out.  More »

Sailor abducted off ship supplying Exxon oil rig in Nigeria

Gunmen attacked a ship Friday off Nigeria’s oil-rich southern delta, kidnapping one man and leaving another wounded.  More »
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