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French oil major Total has awarded a maintenance contract to energy storage equipment manufacturer and service provider Norco Group for its offshore assets in Angola. Norco Group will support Uninterruptible Power Supply (UPS) systems and standby battery equipment on Total's Angola’s assets in offshore Block 17. This includes the Dalia, Girassol, Pazflor, and CLOV FPSO... Continue Reading →
London-listed oil and gas company Kosmos Energy has partially completed the previously announced sale of its frontier offshore oil and gas exploration assets to Shell, with the South Africa transaction expected to complete in 2021. Under the agreement first announced in September, Shell agreed to buy Kosmos' interests in Suriname, Sao Tome & Principe and... Continue Reading →
Global demand for helicopter transport to offshore facilities plunged in 2020 as a result of the Covid-19 pandemic, a Rystad Energy report shows. According to Rystad’s report from Monday, the helicopter traffic was affected as non-critical maintenance crews were moved to shore and other non-essential operations at offshore facilities were preventatively deferred to reduce the risk... Continue Reading →
Angola’s state oil giant Sonangol will next year accelerate reforms and efforts to raise revenue after the pandemic drained investor interest in an asset sale that has so far netted only around $60 million, its CEO told Reuters in a rare interview. Sonangol is the economic engine for Africa’s number two oil exporter, as the... Continue Reading →
Oil major BP has begun drilling on the Platina field in Block 18 offshore Angola using Valaris’ DS-12 drillship. Angola’s National Oil, Gas, and Biofuels Agency (ANPG) said last week that BP started drilling at the Platina field, a project that has been waiting to start with execution for several years. The initial date for the start... Continue Reading →
Offshore drilling contractor Seadrill has added approximately $52 million to its backlog following the end of the third quarter of 2020. Seadrill is also looking to manage its rig count by recycling some of its rigs as it prepares for a prolonged period of low offshore activity and demand. Seadrill said on Friday that the Sevan... Continue Reading →
Total is seeking to sell stakes in a number of Angolan oilfields, in what is seen as an early sign of an expected wave of divestments by big energy companies from the West African country, industry sources said. Total could raise around $300 million from the sale of its 20% stake in Angola's offshore Block... Continue Reading →
Danish offshore drilling company Maersk Drilling has secured more work for its Maersk Voyager drillship with Total in Angola. The contract is for three development wells, to be drilled at Total's offshore Block 17. According to Maersk Drilling, the contract has an estimated span of 140 days. This will keep the Maersk Voyager rig busy contracted until... Continue Reading →
To adjust and transform to cleaner sources of energy, the world’s largest oil and gas firms could sell or swap oil and gas assets of more than $100 billion, Rystad said. Rystad said on Tuesday that oil and gas majors were revising their long-term oil price and demand outlook and that they need to streamline... Continue Reading →
Sept 18, 2020 Norwegian vessel owner Solstad Offshore has received a notice of early termination of the charter party for the one of its vessels from Italian offshore contractor Saipem. Solstad Offshore said on Thursday that the vessel in question was the offshore construction vessel Normand Maximus. The vessel, at the time of construction, was... Continue Reading →
Brazil Energy Insight 