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(OE) The Island Innovator semi-submersible drilling rig has arrived on Block 2B offshore South Africa, and is set to start operations on the Gazania-1 exploration well. The Gazania-1 exploration well is being drilled in approximately 150 meters of water and is located 25 kilometres offshore the Northern Cape in the Orange Basin. The Orange Basin... Continue Reading →
Norwegian offshore vessel owner Solstad Offshore has been awarded a new contract offshore Brazil for one of its platform supply vessels (PSVs). Solstad Offshore informed on Monday that PSV Normand Titus has been booked by Trident Energy do Brasil for work in Brazilian waters, where Trident operates and owns 100 per cent working interest in ten concessions. The... Continue Reading →
Oilfield services firm Baker Hughes said Friday it had secured a new service contract for maintenance and monitoring of turbomachinery equipment operations at Coral Sul FLNG, the first deepwater floating liquefied natural gas (LNG) unit operating off the coast of Mozambique on the Eni-led Coral South project. The contract also includes a provision of resident... Continue Reading →
(EV) TotalEnergies plans to continue pressing ahead with short-cycle projects in Angola but also add a new hub on the Cameia-Golfhino finds. Patrick Pouyanné, speaking during the company’s strategy and outlook presentation, highlighted the attractiveness of Angola’s role in Total’s portfolio. The company aims to take a final investment decision on the new Angola hub... Continue Reading →
(Reuters) Capricorn Energy said on Thursday it was ditching its plan to merge with Africa-focused Tullow Oil in favour of a combination with Israel's NewMed Energy, following shareholders' opposition to deal . Under the proposed combination, NewMed unitholders will receive 2.337344 new Capricorn shares for each unit held, the companies said in a joint statement A special... Continue Reading →
Italian oilfield services giant Saipem has won two new contracts in Ivory Coast worth around one billion euros in total. The contracts have been assigned by ENI Cote d’Ivoire-Petroci consortium for the Baleine Phase 1 Project, for the development of the oil and gas field offshore Ivory Coast located at a 1,200 m water depth.... Continue Reading →
(U) After years of uncertainty and stagnation, the offshore drilling market is making a comeback in 2022, with demand for rigs rebounding around the world. Brazil, one leg of the “golden triangle” of offshore oil and gas — the other two being the Gulf of Mexico and West Africa — is expected to lead rig... Continue Reading →
VAALCO Energy said Monday that the Government of Equatorial Guinea has approved the Venus - Block P Plan of Development (“POD”). VAALCO has an 80% participation interest in the project and is the operator. Upon the execution of final documents, VAALCO will proceed directly to project execution, which targets first oil in 2026 and adds... Continue Reading →
Zenith Energy has made an offer to the Republic of Benin operate Block 1 containing the "largest and most prospective oilfield in the country". The shallow water block in the Gulf of Guinea contains the Sèmè oilfield, which was discovered in 1968 and produced for 14 years, but was shut-in in 1998. Now, Zenith is... Continue Reading →
Offshore engineering and construction firm McDermott International said Tuesday that it secured a "significant" with TotalEnergies EP Angola Block 17/06. McDermott defines a significant contract as between USD $250 million and $500 million. The contract is for engineering, procurement, supply, construction, installation, pre-commissioning, and assistance to commissioning and start-up (EPSCI) on its Begonia project. The... Continue Reading →
Brazil Energy Insight 