Norwegian seismic exploration company Shearwater GeoServices has secured a contract to carry out a “major” 3D seismic exploration survey offshore South Africa. The survey will be acquired by the Amazon Warrier and will cover more than 6,000 sqkm of 3D seismic data. The project is planned to last for approximately four months. According to Shearwater, the Amazon class... Continue Reading →
French oil major TotalEnergies has exercised an option for Maersk Drilling's drillship Maersk Voyager to drill the ultra-deepwater Ondjaba-1 exploration well in Angola’s Block 48. The contract extension has an estimated duration of 54 days, which means that Maersk Voyager is now contracted until February 2022. The work on Ondjaba-1 began in October 2021, after... Continue Reading →
Houston-based Occidental has agreed to sell its interests in two Ghana offshore fields for $750 million to Kosmos Energy ($550 million) and Ghana National Petroleum Corporation (GNPC) ($200 million). The sale to Kosmos closed upon signing and the sale to GNPC is expected to close in the fourth quarter of 2021. The transaction includes Occidental’s... Continue Reading →
Marine seismic services firm Shearwater GeoServices has kicked off a 4D monitor survey for TotalEnergies' Angolan subsidiary Total E&P Angola. The survey comprises a two-month Wide Azimuth Towed Streamer (WATS) 4D monitor survey in the Louro-Mostarda Development areas of Block 32. T Shearwater's Amazon Conqueror, equipped with the Isometrix multi-component streamer system will be used... Continue Reading →
(OM) Angola’s crude oil production has declined almost 30% in just six years, from 1.7 MMb/d in 2015 to just shy of 1.2 MMb/d in 2021, according to GlobalData. The company now expects further decline for the country through to 2025, which is forecast to see about 1.1 MMb/d – despite the multiple expansion projects that... Continue Reading →
Oil and gas company BW Energy, in partnership with Vaalco Energy and Panoro Energy, has been awarded two exploration blocks offshore Gabon, close to its Dussafu licence and within tie-back distance of existing infrastructure. According to its update on Monday, BW has been provisionally awarded operatorship of two blocks in the 12th Offshore Licensing Round... Continue Reading →
(OE) Offshore drilling rig contracting activity in West Africa is finally picking up as confidence slowly returns to the region. Esgian has previously reported that the US Gulf of Mexico and Brazil have already witnessed substantial recovery in the deepwater rig market. However, the final point in the golden triangle, West Africa, has struggled with sluggish growth, with current... Continue Reading →
Ivory Coast President Alassane Ouattara and Eni CEO Claudio Descalzi met Friday to discuss the progress of Eni's activities in the country, following the giant offshore oil discovery of Baleine 1-X. As previously reported, Eni in September announced the major oil discovery in block CI-101, in what was the company's first exploration well drilled in the... Continue Reading →
(Reuters) - BP (BP.L) and Eni (ENI.MI) are seeking to raise up to $2 billion for their emerging oil and gas joint venture in Angola as both firms attempt to reduce their own debt to help build up renewables businesses, banking and industry sources said. BP and Eni announced in May that they had entered into talks to merge... Continue Reading →
(Reuters) - Brent oil dipped on Tuesday after topping $80 per barrel for the first time in nearly three years, as a five-day rally ran out of steam with investors locking in profits. Oil benchmark prices have been on a tear, with fuel demand growing and traders expecting major oil-producing nations will decide to keep... Continue Reading →
