West Africa to Ship 60 Oil Cargos to Asia in September
Monday, 5th September 2016
The amount of West African crude oil heading east in September is expected to reach a five-month high, driven in part by trading houses. At least 60 cargoes, carrying the equivalent of 1.9mb/d are expected to make the journey.
China’s Crude Oil Import from West Africa Expected to Rise
Tuesday, 2nd February 2016
China is expected to further increase crude oil imports from West Africa in February in spite of the country's weak economic growth, with tankers estimated to load 1.38mb/d of crude, the highest daily level since July 2015.
Africa’s Oil Reserves Still Profitable After Pricing Crisis
Wednesday, 11th March 2015
African oil explorers will keep drilling in select locations such as onshore east Africa and less complex projects off the West African coast even with oil at $60 a barrel, executives and analysts told Reuters.
Tullow Share Price Falls After Ghana-Cote d’Ivoire Territory Dispute
Wednesday, 4th March 2015
Tullow Oil has seen its share price slip 8.5 per cent (30p) today (at time of writing) after it announced it would have to suspend operations at its TEN project offshore West Africa whilst Ghana and Cote d’Ivoire settle a dispute over their offshore territories through international courts
Traders Store W.African Crude in US Until Prices Recover
Sunday, 18th January 2015
Traders are shipping West African crude to the United States to store the oil until prices recover, as the global glut forces them to source any tanks available and as seaborne cargoes are able to compete better on price with U.S. crude.
Oil explorer Soco eyes bid targets over $100 mln
Monday, 16th January 2012
Soco International has told investors it is examining acquisition opportunities in south east Asia, West Africa and Egypt worth in excess of $100 million, suggesting it is targeting more ambitious projects than in the past.