The coronavirus pandemic has done in a handful of months what even a 27-year civil war did not: it has brought oil drilling to a
Category: Africa
Tough Time for Exploration, But There’s Still a Business Case For It
Confidence had returned to global exploration with improved performance and the emergence of several new multi-billion barrel plays. The confidence carried over into 2020 but
Angola’s Sonangol Starts Selling Stakes in Firms
Angolan state oil company Sonangol said on Friday it has opened a public tender to sell its stakes in some private firms as part of
Angola Says Producer Cuts Insufficient, More Action Needed
Angola sees an oil production curb by OPEC, its allies and other top producers as insufficient to balance global markets, state news agency ANGOP quoted
Maersk Drilling to Mothball Several Rigs, Reduce North Sea Headcount
Danish offshore drilling contractor Maersk Drilling is set to mothball several offshore drilling rigs, and as a consequence, reduce the number of offshore workers, citing
Yinson Closes $800M FPSO Refinancing
Yinson has completed an $800 million refinancing exercise for FPSO John Agyekum Kufuor, with the loan drawn down on April 14. The FPSO firm had
