Brought to you by Quest Offshore & Southern Cone Consultants
(OE) Shell's and TotalEnergies' Graff and Venus deepwater discoveries off Namibia have put southern Africa under the exploration spotlight. With deepwater offering high productivity reserves, it's a spotlight that's likely to linger for a few years yet, despite continued offshore upstream capital discipline. With talk of TotalEnergies' offshore Namibia Venus discovery potentially containing more than... Continue Reading →
French energy giant TotalEnergies and its partners have made a final investment decision on an $850 million project offshore Angola as part of their plans to further develop the CLOV complex located in Block 17. Angola’s National Agency of Petroleum, Gas and Biofuels (ANPG) and TotalEnergies announced the decision for the CLOV Phase 3 development last Friday,... Continue Reading →
By: Philip Lewis (OE) Over the last year we have seen an upswing in floating production and storage systems ordering after many years of low activity. According to our colleagues at World Energy Reports, “The global oil and natural gas markets are contending with rebounding energy demand on top of supply disruptions from Russia’s invasion... Continue Reading →
Oilfield services giant Schlumberger and offshore installations specialist Subsea 7 have agreed to renew their Subsea Integration Alliance for a further seven years. Subsea Integration Alliance is a an alliance between Subsea 7 and Schlumberger’s OneSubsea subsea technologies, production and processing systems business, under which the two companies jointly design, develop and deliver integrated subsea... Continue Reading →
(Offshore Energy) Offshore drilling contractor Vantage Drilling has secured a new contract with TotalEnergies for one of its ultra-deepwater drillships, which is currently operating in the Mediterranean. Vantage revealed on Thursday that one of its subsidiaries entered into a drilling services contract with a subsidiary of TotalEnergies in respect of its ultra-deepwater drillship, the Tungsten Explorer. The... Continue Reading →
Oil and gas company New Age the operator of the Etinde license offshore Cameroon has signed a definitive conditional agreement to transfer all of New Age's participating interests in the Etinde permit, and operatorship of the Etinde JV. This is according to Bowleven, a partner in the license which contains the Etinde gas condensate field.... Continue Reading →
(Reuters) Impact Oil & Gas is considering selling its 20% stake in a large block in deep water off the coast of Namibia where TotalEnergies made a significant oil discovery this year, four industry sources told Reuters. Impact, which is privately owned and focused on exploration in Africa, has hired investment bank Jefferies to prepare a sale process for... Continue Reading →
(OE) VAALCO Energy on Monday announced the successful drilling of the South Tchibala 1HB-ST well, offshore Gabon. The well was drilled from the Avouma platform in the Etame field, offshore Gabon. The company said it had discovered significant columns of multiple hydrocarbon-bearing sands in the Dentale, and it was completing the Dentale D1 sand... Continue Reading →
African hydrocarbon producing countries are increasing oil and gas licensing rounds to be able to stabilize supply of hydrocarbons in years to come to meet growing energy demand as output in legacy projects declines. The introduction of more oil and gas exploration and production licensing rounds across Africa will enable the continent to make new... Continue Reading →
As it completes the drilling of another well offshore Gabon, Houston-based Vaalco Energy is anticipating a boost to its reserves and production after its third well in 2022 goes online later this month. In a bid to execute its new four-well 2021/2022 drilling campaign focused on the Etame field, Vaalco hired in June 2021 a jack-up rig... Continue Reading →
Brazil Energy Insight 