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(Reuters) West Africa-focused Tullow Oil's chief executive TLW.L said on Wednesday its Jubilee offshore oilfield in Ghana could produce 100,000 barrels of oil equivalent per day (boe/d) and the TEN field 50,000 boe/d by 2025 under current spending plans. Tullow will spend most of its $350 million investment program this year on Ghana, where Jubilee produced around 75,000 boe/d in 2021... Continue Reading →
(OE) U.S.-based offshore support vessel owner Tidewater said Wednesday it had agreed to acquire Swire Pacific Offshore Holdings Limited (“SPO”), a subsidiary of Swire Pacific Limited for around $190 million. Tidewater said the transaction would create the industry’s largest fleet of offshore support vessels with 203 vessels in total, including crew boats, tug boats, and... Continue Reading →
Bureau Technical Services is supporting Subsea 7 with quality assurance and quality control services (QA/QC) for the deepwater Sangomar Field Development Phase 1 project offshore Senegal. The project includes 46 pipeline end terminations (PLETs) and in-line tee structures (ILTs) to be fabricated with more than half of them having CRA clad piping, and some structures... Continue Reading →
Nigeria's Seplat Energy is on track to buy Exxon Mobil's offshore shallow water business in the country for $1.28 billion, Seplat's chairman told Reuters on the sidelines of the CERAweek energy conference by S&P Global. The comments come amid media reports that Nigerian National Petroleum Company Limited (NNPC) was looking to block the deal. "We... Continue Reading →
Oil and gas company Azinam, soon to be acquired by Eco Atlantic, has hired Island Drilling's Island Innovator semi-submersible drilling rig to drill the Gazania-1 well offshore S. Africa. The news comes in the wake of the recent significant discoveries made by Shell and TotalEnergies in the Orange Basin in the nearby Namibia. The news of the... Continue Reading →
(OE) Oil major TotalEnergies could see its license to develop a major offshore South African gas find scrapped if it does not submit a production plan by September, the oil and gas regulator said on Thursday. TotalEnergies discovered two large gas fields, Brulpadda and Luiperd, in offshore block 11B/12B about 175 km off South Africa's... Continue Reading →
(Offshore Energy) Houston-based Vaalco Energy has confirmed progress in its activities offshore Gabon, with a field reconfiguration and replacement of existing floating production, storage and offloading (FPSO) unit with a floating storage and offloading (FSO) vessel still on schedule, the latter being targeted for the third quarter of 2022. Back in August 2021, Vaalco signed... Continue Reading →
Oil and gas company Kosmos expects to spend approximately $700 million in capital expenditures in 2022. The company will spend around $400 million of the budget in relation to its base business in Ghana, Equatorial Guinea, and Gulf of Mexico. Around $300 million is set to be spent in relation to its assets in Mauritania... Continue Reading →
(OE) Italian oil company Eni has started production from the Ndungu Early Production (EP) development offshore Angola. The field, located in Block 15/06 of the Angolan deep offshore has been developed via the Ngoma FPSO vessel. "The start-up of Ndungu EP is yet another example of how Eni Angola, in full cooperation with Agência Nacional... Continue Reading →
(OE) Nigerian oil company Seplat has agreed to buy ExxonMobil's shallow water assets in Nigeria via the acquisition of the U.S. oil company's Nigerian subsidiary Mobil Producing Nigeria Unlimited ("MPNU"), in what Seplat said was a transformational acquisition for the company. Seplat will pay $1,28 billion for the acquisition. “The transaction encompasses the acquisition of... Continue Reading →
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