Yinson, Azule Energy in Angola FPSO Deal

Malaysian FPSO leasing company Yinson has agreed to start preliminary activities for the provision of an FPSO for Eni, BP JV in Angola, called Azule Energy. Under the agreement with Azule Energy, Yinson will kick off preliminary activities for the provision, operation, and maintenance of a floating, production, storage, and offloading asset for the Agogo... Continue Reading →

New assignments for DOF vessels

Thanks to the award of an integrated field support vessel (FSV) contract, Norway’s DOF Group has secured multiple new jobs in the Atlantic region with an undisclosed operator in West Africa. DOF disclosed on Monday that the duration of this contract is 365 days. However, the deal also entails optional 365 days. Under the terms of... Continue Reading →

Seadrill positive on offshore drilling outlook

 (OM) Seadrill has issued an update on is global offshore rig fleet. The benign environment semisub has started a program for Talos Production in the US Gulf of Mexico. West Tellus and the reactivated West Jupiter are both preparing to start contracts for Petrobras offshore Brazil. In the Norwegian sector, the harsh environment semisubs West Elara and West Phoenix are working respectively for... Continue Reading →

Eni in Talks to Buy Neptune Energy for $5-6B

(Reuters) Eni is in preliminary talks to buy private-equity backed gas and oil producer Neptune Energy for around $5 billion -$6 billion, a source with knowledge of the matter said on Wednesday, adding that no official bid had been submitted. Neptune produces around 130,000 barrels of oil equivalent per day (boed), three-quarters of which is gas. It has operations... Continue Reading →

Exxon to Exit Equatorial Guinea

(Reuters) Exxon Mobil Corp will wind down oil production in Equatorial Guinea and leave the West African country after its license expires in 2026, two sources close to the matter told Reuters.  The departure reflects a wider move by major oil producers to reduce crude production in West Africa and shift investments to lower-carbon natural... Continue Reading →

Following Coral-Sul inauguration, Eni eyes more FLNG developments off Mozambique

Italy’s oil and gas giant Eni has engaged in talks during the inauguration ceremony for the Coral-Sul floating LNG (FLNG) facility to contemplate the possibility of additional FLNG projects off Mozambique. Eni disclosed on Wednesday that its representatives discussed the possibility of replicating the success of the Coral South project with further FLNG development – as well... Continue Reading →

Angola: Chevron Extends Jack-up Drilling Rig Contract

(OE) Oslo-listed offshore drilling company Shelf Drilling has secured a contract extension for its Shelf Drilling Tenacious jack-up rig. The contract is in direct continuation of its current contract for drilling operations offshore Angola until November 2023.  The contract includes an additional one-year option. According to Shelf Drilling's fleet status report, the BMC Pacific 375... Continue Reading →

Shell Wraps Up Bonga FPSO Maintenance in Nigeria

(Reuters) Shell has completed a scheduled maintenance at its 200,000 barrels-per-day Bonga deep water storage and offloading vessel in Nigeria, a spokesperson said. The Shell Nigeria Exploration and Production Company said in a statement late on Thursday that the maintenance was completed in 22 days, less than the scheduled 30 days. Bonga is typically one... Continue Reading →

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