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ENI Gets Go Ahead for Ghana’s OCTP Gas Development

ENI has been given the green light by the government of Ghana to move forward on its gas development on the Offshore Cape Three Points (OCTP) Block. Ghana and ENI should see flows from the gas development in 2017. There will also be the acquisition of another FPSO to be used for the offshore project. […]

November 25, 2014 Read More

Cygam to Challenge Tunisian Tax Bill

Cygam Energy Inc.’s wholly owned subsidiary, Rigo Oil Company Ltd., which operates in Tunisia, has received tax assessments from the Tunisian tax authorities relating to taxation years 2010 through 2013. The tax assessments indicate taxes owing by Rigo in the amount of $1.145 million for income taxes, withholding taxes and taxes on industrial, commercial and […]

November 25, 2014 Read More

Lukoil Plans Nigerian Investment

Russian major Lukoil revealed that it plans to invest in Nigeria partnered with US major Chevron. The partnership with Chevron is part of the Russian firm’s push toward opportunities away from Russia’s state-dominated oil sector. “We have decided to enter a joint block with Chevron in a project in Nigeria, which we consider to be […]

November 25, 2014 Read More