Eland Oil & Gas’ drilling on the third appraisal well on the Gbetiokun field, the Gbetiokun-3 well, in Nigeria has successfully encountered hydrocarbon-bearing sands. The company is continuing operations on drilling deeper to the remaining targeted reservoir. The group said the operations, conducted by its JV in Nigeria, Elcrest Exploration and Production Nigeria Ltd., expects […]

Africa Oil Corp. (AOC) has increased its investment in Impact Oil & Gas. The company has made a further investment of $20.5 million in the UK firm, that holds stakes in exploration assets in South and West Africa. The company entered into a subscription agreement with Impact providing for the exercise by AOC of the […]

Starting in February Total will begin exporting half its oil production from the Egina oilfield offshore Nigeria. Initial exports should be just over 100,000 bpd, according to a Bloomberg report. Total, the field’s operator, will handle the shipments from a $4 billion FPSO, the largest facility of its kind ever built by the major.