Market News
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Circle Oil announce Operating Update on Sebou Permit, onshore Morocco
Posted on :Tuesday , 7th October 2014
Circle Oil Plc (AIM: COP), the Middle East and North Africa focused oil and gas exploration, development and production company, announced the preliminary results of drilling of the well CGD-12 in the Sebou Permit, onshore Morocco.
The well is located within the western central area of the Sebou Permit, about 4 kilometres to the south of the main gas gathering. . .
Shippers set to access West African Gas Pipeline
Posted on :Monday , 6th October 2014
The West African Gas Pipeline Company (WAGPCo) has opened its pipeline to be accessed by independent gas shippers to maximise the potential of the facility, which has been underused over the years.
The pipeline can currently carry 170mscfd and has potential to carry additional volumes of up to 474 mscfd.The WAGP’s pr. . .India, China buy more Nigerian crude as oil loading schedule shows Nigerian exports to increase
Posted on :Tuesday , 7th October 2014
The continued decline of United States’ imports of Nigerian crude oil in recent years has led to more Asian countries particularly India and China accommodating the backed-out barrels from Nigeria reports The Punch.
China, India, Japan and South Korea, Asia’s four largest oil consumers, have collectively bought around 42 per cent more Nigerian crude so far thi. . .
CAMAC announces fivefold increase in recoverable prospective resources offshore Nigeria
Posted on :Monday , 6th October 2014
CAMAC Energy Inc. (“CAMAC Energy” or the “Company”) (NYSE MKT: CAK) has announced that an updated independent assessment of the Company’s prospective resources for four offshore Nigeria prospects located within Oil Mining Leases (“OMLs”) 120 and 121 by DeGolyer and MacNaughton (“D&M”) has increased the Company’s unrisked P50 . . .
Eni Finds 300M Barrels Offshore Angola
Posted on :Friday , 3rd October 2014
Italy's Eni reported Wednesday that it has made a new oil discovery at the Ochigufu exploration prospect, located in deep water off Angola. Ochigufu is the 10th commercial oil discovery in the country's Block 15/06 and is estimated to contain 300 million barrels in place. Eni also reported that the Ochigufu 1 NFW well, which led to the discovery, will be brought into production "in recor. . .Please Select an Option
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