Total resumes $2.5 bln Nigerian deepwater oil field sale

By Sophie Sassard and Tim Cocks LONDON/LAGOS (Reuters) – France’s Total SA, Europe’s second largest oil company, has put one of its offshore Nigerian oil fields up for sale again, the company said, after a 2012 deal with Sinopec Corp failed. Total has hired BNP Paribas to find buyers for its Usan deepwater oil field … Read more

ERHC Energy to invest $100m to develop Sao Tome oil block

SAO TOME (Reuters) – Houston-based ERHC Energy Inc will invest around $100 million on exploration and development of one of its blocks offshore Sao Tome and Principe, the company’s president said on Thursday. ERHC signed a 28-year production sharing agreement with the National Petroleum Agency (ANP) on Wednesday for block 11, which lies in the central African island nation’s exclusive economic zone … Read more