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Several African countries plan to exploit their oil and gas reserves to tackle poverty and energy shortages, representatives gathered in Dubai said this week in the face of pressure to end fossil fuel extraction to curb global warming. Officials and industry executives stressed that Africa as a whole has a relatively small carbon footprint, which... Continue Reading →
(WO) Tullow Oil Plc is pushing ahead with plans to sell stakes in energy deposits in East Africa and Latin America. “We have pretty significant positions in emerging basins in Guyana and Argentina and we’re looking at farm-down opportunities there,” Chief Executive Officer Rahul Dhir said in an interview in Dubai, where he attended a... Continue Reading →
(Reuters) - Royal Dutch Shell (RDSa.L) is currently committed to exploring in Africa for hydrocarbons and doing so fits the company's purpose, its exploration manager for deepwater Africa Benjamin Mee said on Wednesday at an industry event. More than 80% of Shell's exploration will be focused on core positions with an emphasis on deepwater and the company... Continue Reading →
Offshore energy engineering solutions provider Aquaterra Energy has been awarded a $4.4 million contract with BW Energy. Under the contract, Aquaterra Energy will provide procurement, engineering, manufacture, installation, and commissioning support of multiple conductor tensioning units for the repurposing of the Hibiscus Alpha jack-up rig to an offshore installation (OI), located offshore Gabon, West Africa.... Continue Reading →
FPSO operator BW Offshore has been awarded a contract extension for a vessel operating in waters offshore Nigeria. BW Offshore said on Monday that the Sendje Berge FPSO has won a one-year extension with Addax Petroleum Exploration (Nigeria). The firm period has been extended to the fourth quarter of 2022. The Sendje Berge FPSO is located on... Continue Reading →
(WO) - Ugandan President Yoweri Museveni is counting on TotalEnergies SE and CNOOC Ltd. to produce oil from its fields in four years, laying the foundation for a new regional fuel hub. The East African nation expects to reach daily output of 230,000 barrels. While that’s much less than what Africa’s biggest producer, Nigeria, pumps,... Continue Reading →
(Reuters) - BlackRock Inc (BLK.N) told Reuters it has raised a target-beating $673 million for an infrastructure fund with backing from the French, German and Japanese governments to invest in climate-focused projects such as renewable energy in emerging markets. The world's largest money manager hopes the fund, to be announced on Tuesday and dubbed the Climate Finance... Continue Reading →
(Reuters) - Exxon Mobil Corp (XOM.N) remains focused on hydrocarbons and plans to press ahead with a $30 billion liquefied natural gas project in Mozambique, a top executive said on Thursday. "We've been in hydrocarbons for over 130 years... it's the core part of our business and it will be for a long time," Exxon Senior Vice... Continue Reading →
Japanese oil and gas producer Inpex has sold all shares in its subsidiary Teikoku Oil (D.R. Congo) to Perenco Energies International and divested all its interests in the offshore block in the Democratic Republic of the Congo. Inpex reported the sale on Wednesday. The company previously held a 32.28 per cent participating interest in the... Continue Reading →
U.S. oil major ExxonMobil has awarded a two-year contract for Valaris' drillship Valaris DS-9 for operations in Angola. The drillship, formerly known as Ensco DS-9, will work for ExxonMobil's Angolan subsidiary Esso Exploration Angola. Delivered in 2015 by Samsung Heavy Industries in South Korea, the drillship is currently preservation stacked in the Canary Islands, Spain.... Continue Reading →
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