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(Offshore Energy) Oil and gas exploration company Eco (Atlantic) Oil & Gas has made its required capital expenditure contribution and is on track to start drilling a high-impact exploration well located in Block 2B, located offshore South Africa, by October this year as scheduled. The joint venture (JV) partnership for Block 2B is operated by a subsidiary... Continue Reading →
(OM) PGS is making available time products for an 11,000-km (6,835-mi) reprocessed seismic volume covering an extension of Uruguay's shallow and deepwater provinces, from the Pelotas basin to the Punta del Este basin. The package includes ties to the company’s 15,600-sq km (6,023-sq mi) 3D GeoStreamer dataset, allowing analog assessment of the recent equatorial margin... Continue Reading →
(PE) Angolan NOC selects preferred bidders—with exclusive acquisition rights—to buy partial stakes in six blocks, four of which are already in production Angola’s Sonangol called last year for bids on portions of its equity shares in various blocks and has been evaluating the results since September. The NOC has now selected preferred bidders for its... Continue Reading →
(Reuters) - China's top offshore oil and gas producer CNOOC Ltd. (0883.HK) is preparing to exit its operations in Britain, Canada and the United States, because of concerns in Beijing the assets could become subject to Western sanctions, industry sources said. Ties between China and the West have long been strained by trade and human rights issues... Continue Reading →
(Offshore Energy) UK oilfield services provider Wood has been awarded a contract by Woodside Energy for the Sangomar FPSO development, located offshore Senegal. The floating production storage and offloading (FPSO) vessel is specifically designed for the processing of hydrocarbons and the storage of oil before being transported to markets around the world. On completion in... Continue Reading →
(Reuters) - Portugal's Galp Energia (GALP.LS), a partner in an Exxon Mobil-led (XOM.N) gas consortium in Mozambique, said on Thursday it hoped to start building onshore plants in the southern African country in 2024, but only if security has been guaranteed first. Mozambique has been grappling with militants linked to the Islamic State in its northern-most province of... Continue Reading →
Oslo-listed FPSO leasing company BW Offshore has entered into a short-term contract extension for the Espoir Ivoirien FPSO, moored offshore Ivory Coast. The vessel's firm contract with CNR is scheduled to expire in 2022, but there are extension options available that could see the vessel busy in Ivory Coast until 2036. "BW Offshore has entered into a... Continue Reading →
(OE) Danish offshore drilling company Maersk Drilling has won contracts with Shell for the provision of its Maersk Voyager drillship for drilling services offshore multiple countries. The contracts are expected to start in April 2022, with a total firm duration of one year. The total contract value is approximately $107.5 million, including a mobilization fee,... Continue Reading →
UK-based company Sparrows Group, a provider of engineering and maintenance services for the energy industry, said Wednesday it had secured a three-year crane operations and maintenance services contract offshore Luanda, Angola. The agreement, with an unnamed client, covers 10 pedestal cranes and six line and rescue craft boats across the field’s four assets. "Having held... Continue Reading →
Australia’s FAR Limited has decided to retain the Woodside Contingent Payment within the company rather than demerging it into a new entity. However, a demerger is still on the table for the firm’s exploration portfolio in The Gambia, as the Australian player seeks farm-out options or outright sale to maximise the value of these assets.... Continue Reading →
