HEADLINES Oil and Gas daily news On Africa

OPEC May Increase Production to Control Prices

Crude Price Closed at Record High at $125.96

Lundin Considers to Plug & Abandon Wan Machar Well in Sudan

Tullow Oil Completes the Banda NW Sidetrack Well in Mauritania

Total SA Receives Base for its Operations in Southern Sudan

Tullow's Shares Soar 24% After Big Discovery in Ghana

MEND Says Carter Offers to Mediate the Delta Crises in Nigeria

Dover Petroleum Announces The Sale Of Its Egyptian Concessions

Tullow Oil Achieves Good Result On Jubilee Field Offshore Ghana

News Feed

  AFRICAN OPEC MEMBERS PRODUCTION mb/d--Last Updated on Apr.18-2008

2006

2007

3Q07

4Q07

1Q08

Jan 08

Feb 08

Mar 08

Mar/Feb

Algeria

1.37

1.36

1.36

1.39

1.40

1.40

1.40

1.40

   0.00

Angola

1.39

1.66

1.68

1.78

1.88

1.86

1.90

1.88

  -0.02

Libya

1.70

1.71

1.72

1.74

1.75

1.75

1.75

1.74

  -0.01

Nigeria

2.23

2.13

2.15

2.16

2.05

2.05

2.07

2.02

  -0.05

OPEC May Increase Production to Control Prices

NOC Libya Chairman, Shokri Ghanem said the Organization Of Petroleum Exporting Countries could meet before September to consider increasing crude output in an attempt to control oil prices. He said in an interview, "We would consider, among other options, the possibility of increasing output as a way to ensure market stability."...more...

Crude Price Closed at Record High at $125.96

Fuel supply concerns and a rush of speculator buying push the oil prices up again and this time over $126 a barrel on yesterday's trading.  Light Crude closed at $125.96 a barel before rising to a record $126.25 in late post settlement trade. London Brent crude gained $2.56 to settle at $125.40 a barrel, off the earlier high of $125.90. During the opening session at the European market on Friday, no one wants to wait for the next pullback as waves of buying materialized particularly from speculative interests...more...

Total SA Receives Base for its Operations in Southern Sudan

Energy minister of Sudan, John Luk Jok Says that Total SA has now received land to build a base in Bor, Jonglei, Southern Sudan and start operating in the country. Total SA has won the permit for block 5B after long dispute with White Nile Ltd. on the ownership of the license. The block covers an area of 117,000 square kilometers (45, 174square miles)...more...