United Hydrocarbon International Corp. saw success with two wells in Chad’s Doba Basin.  The Belanga North-1 well was drilled to a total depth of 1,392 meters and encountered three oil-bearing sand intervals; two in the targeted Upper Cretaceous ‘YO’ sands with a combined thickness of 16.5 meters, and a previously untested 5-meter (net) sand in […]

According to crude loading data, Angola could rise to Africa’s number one producer spot in May, as Nigeria’s loadings slip to their lowest record since 2009. The drop in Nigerian crude exports is blamed on oil thefts. Nigeria’s crude exports for May are estimated at 1.59 million bpd, excluding the Forcados and Ebok grades of […]

Oando Energy Resources (OER), through an amended agreement with ConocoPhillips, saw the date of completion of its proposed acquisition of ConocoPhillip’s upstream assets in Nigeria extended to April 30. Pursuant to an amendment agreement executed on March 27, OER and ConocoPhillips agreed to extend the outside date for completion from March 31 until April 30 […]