Weekly news roundup 17/05

Ghana and partners announce additional oil and gas discovery, Nigeria will soon be exporting gas to West African countries and more top news

Ghana and partners announce additional oil and gas discovery. Government of Ghana and its partners in the Cape Three Points (CTP) oil fields announced a new discovery here on Thursday. The discovery which is a gas and condensate in CTP-Block 4, offshore Ghana was through a well, drilled on the Akoma exploration prospect. Read more

Nigeria will soon be exporting gas to West African countries. There are indications that Nigeria would soon become one of the exporters of gas in the world as an indigenous petroleum development company, Seplat, gave the hint on Thursday, May 16. Read more

Occidental's Purchase Of Anadarko Isn't A Permian Oil Purchase. The competition between Occidental (OXY) and Chevron (CVX) to buy Anadarko Petroleum (APC) lit up news boards and markets everywhere during the last month. Occidental won the company at a price tag of $38 billion. In some places, the competition was styled as an effort to attain dominance in the giant U.S. Permian oil basin. Read more

Total CEO says planned buy of Anadarko's Africa assets 'perfectly fitting'. French energy giant Total SA’s planned acquisition of U.S. firm Anadarko’s African assets is “perfectly fitting” with the company’s overall strategy and helps play to its strengths, Chief Executive Patrick Pouyanne said on Thursday. Read more

Russia Aims To Exploit Africa’s Energy Potential. Africa’s economic potential is enormous: the continent contains significant mineral and energy deposits, a young and growing population, and an underdeveloped energy sector desperately in need of investment. Read more

Eni Strikes More Oil In Angola’s Deep Offshore. Italy’s oil and gas major Eni said on Tuesday that it had made a new discovery in Angola’s deep offshore estimated to contain up to 250 million barrels of light oil in place, with further upside. Read more