Nigeria – Page 5 – Oil & Gas 360

Nigeria Seeks $3.5 Billion in International Loans to Fill Holes from Drop in Oil Revenue

February 1, 2016

OPEC member Nigeria looking to fund power, transport and road infrastructure projects with cheap money Nigeria, an OPEC member and Africa’s largest economy, is looking to international institutions in order to fund its record-setting 2016 budget. With approximately 35% of GDP, 75% of government revenue and 90% of export earnings coming from oil, the continued low price of crude oil

Oil & Gas 360 - ConocoPhillips ups drilling program in Eagle Ford - Oil & Gas 360

ConocoPhillips looks to Divest 20% of its Canadian Assets

March 30, 2015

The U.S. oil major has retained Scotiabank to help sell assets in Western Canada ConocoPhillips (ticker: COP) hired the Bank of Nova Scotia (Scotiabank) to advise on the sale of about 20% of its production in Western Canada outside of the oil sands, reports BNN. Details on the sale from Houston-based COP will be provided in the second quarter, according

CAMAC Energy: Third Analyst Initiates Coverage, Predicts Net Profit by 2015

September 23, 2014

Kase Lawal, Chairman and Chief Executive Officer of CAMAC Energy (ticker: CAK), first said 2015 will be the company’s most profitable year in history in its Q1’14 conference call. Since then, interest around the industry is building in anticipation of the completion of Oyo-7 and Oyo-8 – two “high impact” wells located offshore Nigeria in exploration blocks OML 120 and

Afren plc Exceeds Pre-Drill Estimates by 283% in Wild Cat Discovery in Offshore Nigeria

November 19, 2013

Afren plc (ticker: AFR) is an independent upstream oil and gas exploration and production company listed on the main market of the London Stock Exchange. Afren is currently producing from its assets offshore Nigeria and Côte d’Ivoire and holds further interests in the Kurdistan region of Iraq, Ghana, Nigeria, Côte d’Ivoire, Congo Brazzaville, the Joint Development Zone of Nigeria -São

OPEC Output Hits Two-Year Low – Analysts Encouraged by Potential Energy Independence in the United States

October 3, 2013

According to a recent survey by Reuters, OPEC’s oil output dipped to a two-year low, falling from 30.32 MMBOPD in August 2013 to 30.07 MMBOPD in September 2013. The survey comes despite the fact that Saudi Arabia, the world’s largest oil exporter, has not weaned its production and continues to export more than 10 MMBOPD. The September 2013 OPEC output

Afren Makes Discovery Offshore Nigeria – Prospective Resources Exceed Expectations

June 27, 2013

Afren Plc (ticker: AFR) and Lekoil (ticker: LEK) jointly announced a major discovery of significant light oil accumulation at the Ogo-1 well located on the OPL 310 license offshore Nigeria. Today’s discovery confirms the extension of the same Cretaceous sandstones that have shown-way for other significant discoveries along the West African Transform Margin. Well Details The Ogo-1 well was drilled

CAMAC Energy Inc. Announces Year End and Fourth Quarter 2012 Results and Provides Operational Update

April 12, 2013

CAMAC Energy Inc. (ticker: CAK) is a Houston-headquartered oil and natural gas company exploring the vast onshore and offshore basins of East and West Africa. Offshore Nigeria, CAK currently produces from the Oyo Oilfield on block OML 120 with additional prospects on block OML 121. Production from Oyo generates cash for reinvestment in CAK’s other exploration and development programs offshore Nigeria,

CAMAC Energy Inc: Exploring Proven Africa Basins

February 26, 2013

CAMAC Energy Inc (ticker: CAK) is a Houston-headquartered oil and natural gas company exploring the vast onshore and offshore basins of East and West Africa. Offshore Nigeria, CAK currently produces from the Oyo Oilfield on block OML 120 with additional prospects on block OML 121. Production from Oyo generates cash for reinvestment in CAK’s other exploration and development programs offshore

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