Oil and gas companies have intensified the hunt for new deposits in a long-term bet on demand, as they reinvest some of the record profits from the fossil fuel price surge driven by the Ukraine war, according to data and industry executives…
Offshore drilling rig owner Northern Ocean said Wednesday that its Deepsea Mira semi-submersible drilling rig had kicked off its drilling contract with TotalEnergies in Namibia, where the French oil major last year made a giant oil discovery with its Venus-1x well…
Oil and gas company PetroNor E&P ASA has agreed to farm out 100 per cent of its participating interest in the two exploration licenses offshore Guinea-Bissau to an SPV owned by Apus Energy DMCC, a subsidiary of Petromal.According to the agreement…
Italian oil and gas giant Eni said Tuesday it had signed a deal to sell to Perenco its participation interest in several non-core permits in the Republic of Congo.'The transaction value is approximately $300 million, including firm and contingent consideration…
French oil major TotalEnergies has been named the upstream industry's most admired explorer and has received the Discovery of the Year award in Wood Mackenzie's annual Exploration Survey. This is TotalEnergies' third time winning the most-admired explorer award…
Oilfield services firm TechnipFMC said Monday it had won a significant contract with Azule Energy to supply subsea production systems for the Block 18 Infills development, offshore Angola.For TechnipFMC, a “significant” contract is between $75 million and $250 million…
Energy technology company Baker Hughes announced it has been awarded a contract by Eni and its partner Petroci for the Baleine Phase 2 project in Ivory Coast, Africa’s first Scope 1 and 2 net-zero emissions development.This award, which includes eight deep water trees…
Differentials for some grades of Nigerian crude rose on Friday, while Chinese refiners stepped up purchases of crude from other West African exporters.At least around 35 cargoes of Nigerian crude for loading in June and July have yet to find a buyer…
Oil and gas company BW Energy said Thursday that production had started from second well of the Hibiscus / Ruche Phase 1 development in the Dussafu licence offshore Gabon. 'Production performance from the well has been in line with expectations and is currently stabilized at approximately 6…
Strohm, a company making Thermoplastic Composite Pipe (TCP), has been awarded a 3 million euros contract to supply carbon fibre/PA12 composite jumpers to Aker Solutions to support work being carried out at TotalEnergies’ Moho Infill project in the Republic of the Congo…
French oil major TotalEnergies on Tuesday announced the Ntokon oil and gas discovery on OML102 block offshore Nigeria. Located in shallow waters, 60 km off the southeast coast of Nigeria, the Ntokon-1AX discovery well encountered 38 meters of net oil pay and 15 meters of net gas pay…
BW Offshore on Monday closed the transaction for the sale of the FPSO Espoir Ivoirien to its client, CNR International, for $20 million.The closing of the deal comes after several short-term charter extensions for the FPSO operating offshore the Ivory Coast…
Shell will keep oil output steady or slightly higher into 2030 as part of CEO Wael Sawan's efforts to regain investor confidence as the energy giant wrestles with poor returns from renewables while oil and gas profits are booming, company sources said…
Malaysia's Sapura Energy said Thursday it had, between December 2022 and May 2023, secured ten contracts worth around 1.4 billion Malaysian ringgit (currently around $303 million) across the Asia Pacific and Atlantic regions.The contracts were secured across its Engineering and Construction (E&C)…
Australia's Woodside Energy has started marketing a new African crude oil from Senegal's first oil project, where the company aims to start producing by the end of this year, a senior executive said. Located about 100 km (62 miles) offshore south of Dakar…
Subscribe
