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(Reuters) Senegal's Sangomar oil project is 60 percent complete, and a first barrel is expected in the second half of 2023, Woodside Executive Vice-President for International Operations Shiva McMahon said at a conference in Senegal on Thursday. Australia's Woodside holds 82 percent of the oil and gas field being developed off the West African country,... Continue Reading →
(OM) BW Energy has issued updates on its development projects offshore Gabon and Brazil in its latest results statement. BW Energy has issued updates on its development projects offshore Gabon and Brazil in its latest results statement. In the Dussafu production sharing contract offshore Gabon, first-half production from the Tortue Field was down to about 11,100... Continue Reading →
Oil major Shell has booked a semi-submersible drilling rig for its operations in Namibia, where it recently struck a major offshore oil discovery. Offshore rig owner Northern Ocean said Thursday that Shell Upstream Namibia B.V., a subsidiary of Shell, had awarded it a contract for the Deepsea Bollsta semi-submersible drilling rig. The contract for the... Continue Reading →
(Reuters) - Four major oil companies have agreed to end U.S. lawsuits that together sought to enforce multi-billion dollar arbitration awards against Nigeria's state-owned oil company, after reaching new deepwater oil production sharing agreements. Two federal judges on Aug. 22 granted requests by Exxon Mobil Corp (XOM.N), Royal Dutch Shell Plc , Chevron Corp (CVX.N) and Norway's state-owned... Continue Reading →
Oslo-listed oil and gas E&P company BW Energy has revealed that a former jack-up rig, which was converted to an offshore production unit, is on its way to Gabon where it will be installed at the firm’s offshore development project, which is on track for the first oil at the start of next year in line... Continue Reading →
DNO ASA, the Norwegian oil and gas operator with operations in Kurdistan and the North Sea, is now expanding to West Africa with the agreed acquisition of offshore fields in Ivory Coast. DNO said Monday that RAK Petroleum plc would transfer its ownership of Mondoil Enterprises LLC to DNO. "The all-share transaction comprises Mondoil Enterprises’... Continue Reading →
Demand for offshore drilling rigs has increased and the global floater market will continue to benefit from an ongoing recovery, Maersk Drilling, an offshore drilling contractor, has said. The rig owner said in its 2Q 2022 report on Friday that the utilisation across both floater and jack-up segments continued to trend upwards during the quarter, primarily as... Continue Reading →
In a move to bring new investments into the oil and gas sector and boost production by tapping into Nigeria’s deepwater hydrocarbon potential, the country inked new production sharing contracts (PSCs) for six offshore licences with oil majors. The execution of fully termed agreements for the renegotiated PSCs was revealed on 12 August 2022, less... Continue Reading →
(Reuters) Norway's Aker Energy said on Wednesday it would postpone submission of a development plan for its Pecan oilfield off Ghana amid concern the project could face sanctions over the war in Ukraine due to the involvement of Russian oil firm Lukoil. Aker Energy, controlled by Aker ASA, owns 50% in the deepwater block off... Continue Reading →
(Rigzone) Dryad Global’s latest Maritime Security Threat Advisory (MSTA) has outlined that the Gulf of Mexico is in the midst of a pirate problem. According to the MSTA, on August 7, pirates onboard two speedboats boarded and robbed a manned semi-submersible drilling rig in the Bay of Campeche approximately 28nm north of Paraiso. The MSTA... Continue Reading →
Brazil Energy Insight 