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State-owned Qatar Petroleum has entered into a farm-in agreement with Angola’s national oil company Sonangol and French oil major Total to acquire a 30 per cent stake in Block 48 located in Angolan ultra-deep waters. The block, with a drill-ready opportunity, covers an area of approximately 3,600 square kilometres, and Total expects to start operations... Continue Reading →
French oil major Total has resumed oil drilling offshore Angola with the Skyros rig while two more are expected to start operations in the week to follow. Olivier Jouny, managing director of Total Exploration & Production Angola, revealed short and mid-term plans for Total’s Angola operations in an interview with Africa Oil & Power on Monday. Continue... Continue Reading →
A Maersk Drilling-owned drillship is expected to restart operations in Africa for French oil major Total following a suspension of the contract, which started at the end of April. According to Maersk Drilling’s latest fleet status report, Total suspended its contract for the Maersk Voyager drillship with effect from 29 April 2020. Continue reading
The well intervention market is a niche one, with only a few main players – including Helix/Well Ops, Island Offshore, AKOFS Offshore and Siem Offshore – and only three key geographical regions; Northwest Europe, South America and the US Gulf of Mexico. Unsurprisingly then, the fleet operates in regions with high numbers of installed subsea... Continue Reading →
Just as the oil and gas industry was starting to get back on its feet, COVID-19 and plummeting oil prices have affected the market across the board, including well intervention. But players in this space are optimistic, with new vessels and more compact intervention systems being planned and hopes that production enhancement will be an... Continue Reading →
Italian prosecutors have asked for oil majors Eni and Shell to be fined and some of their present and former executives, including Eni CEO Claudio Descalzi, to be jailed in a long-running trial over alleged corruption in Nigeria. In one of the oil industry's biggest alleged scandals, Italian prosecutors allege Eni and Shell acquired a... Continue Reading →
Norway-based energy intelligence firm Rystad Energy said Tuesday it didn't expect any new FPSO orders this year, however, it expects the situation will improve next year when it foresees seven new FPSO to be ordered. "Hit by the second industry downturn in five years, global awards for floating production, storage and offloading (FPSO) vessels will... Continue Reading →
Offshore and subsea services provider Oceaneering has secured a contract with Chevron's Angola subsidiary Cabinda Gulf Oil Company Limited (CABGOC) Under the three-year contract, Oceaneering's Asset Integrity division will provide inspection services onshore Cabinda, Angola, and offshore Angola on Blocks 0 and 14. The contract is scheduled to begin in Q2 2020. Continue reading
The companies that operate offshore drilling rigs for major oil producers face a second wave of bankruptcies in four years amid a historic drop in energy prices that likely will leave surviving drillers more closely tied to big oil firms. A collapse of the offshore industry will have broad impact. Drillers and their suppliers have... Continue Reading →
June 10, 2020 Adriano Bastos will leave the command of BP Brasil to direct the E&P activities of the British oil company in West Africa. Confirmed by sources to PetroleoHoje, the change will take effect in July. BP is still analyzing names to replace the executive. As of next month, Bastos is the new president... Continue Reading →
