Top 10 Oil Producing Countries In Africa 2015 (Current)

The year thus far has seen a lot of fluctuations per country production and a large effect coming in from the drop in oil prices by over 60% in November 2014. The withdrawal of investments from oil and gas projects across the continent have not been so surprising owing to issues ranging from the current oil price, civil unrest, unfavourable policies and diverse politically uncertain scenarios.

TOTAL Hits 2 Billion Barrels Cumulative Oil Production Milestone Offshore Angola

French oil company Total has said today it has achieved the significant milestone of producing a cumulative two billion barrels from its operated deep offshore Block 17 located 150 km off the coast of Angola.

With the recent start up of CLOV, Block 17 has become Total’s most prolific site with production of over 700,000 barrels per day, the company has revealed.

Angola's Saturno oil output restarted over the weekend

Angola's Saturno oil output restarted over the weekend, one week after a power loss at an offshore facility forced it to shut down, traders said on Monday. 

Field operator BP had no immediate comment, but traders said the force majeure on exports of Saturno grade crude oil is still in place. The FPSO PSVM operated by BP consists of the Plutao, Saturno, Venus and Marte fields. 

BP itself said last week that it expected the force majeure to last roughly eight days from when it was declared on March 16. No loading programme for Saturno crude in May had been issued yet because of the force majeure.

OPEC's February Oil Supply Hits Lowest Since June on Iraq-survey

(source: Reuters)

OPEC's oil supply has fallen this month as bad weather delayed exports from Iraq's southern ports, a Reuters survey found on Friday, slowing an expansion of supplies in the group's second-largest producer.

The survey also found slightly higher output in Saudi Arabia, a sign that the largest producer in the Organization of the Petroleum Exporting Countries is sticking to its strategy of focusing on market share rather than cutting output.