OPEC+ agreed steep oil production cuts on Wednesday, curbing supply in an already tight market, causing one of its biggest clashes with the West as the U.S. administration called the surprise decision shortsighted.OPEC's de-facto leader Saudi…
Offshore drilling company Dolphin Drilling has secured a 12-month offshore drilling rig contract with Nigeria-based General Hydrocarbons Limited (GHL). The contract is worth $96 million.The contract is for the 1974-built Blackford Dolphin semi-submersible drilling rig…
African countries will use the COP27 climate talks in Egypt next month to advocate for a common energy position that sees fossil fuels as necessary to expanding economies and electricity access, the continent's top energy official said on Tuesday…
The Island Innovator semi-submersible drilling rig has arrived on Block 2B offshore South Africa, and is set to start operations on the Gazania-1 exploration well.The Gazania-1 exploration well is being drilled in approximately 150 meters of…
Nigeria will award contracts for its flared gas by the end of December under an accelerated programme to harness gas that is released as a byproduct of oil production, the country's petroleum regulator said.President Muhammadu Buhari first…
Oilfield services firm Baker Hughes said Friday it had secured a new service contract for maintenance and monitoring of turbomachinery equipment operations at Coral Sul FLNG, the first deepwater floating liquefied natural gas (LNG) unit operating…
Hyprops Nigeria Limited has chosen the Saab Seaeye Falcon as the best robotic vehicle resource for increasing its long-term footprint in Nigeria.“Our current customers demand the Falcon as a trusted, easy-to-use resource,” says Hyprops, adding…
Capricorn Energy plans to merge with Israel's NewMed in an all-share deal after paying a $620 million special dividend to its shareholders, ditching a previous scheme to merge with Tullow Oil.The Capricorn-NewMed deal would create an Israel…
GMS, a UAE-based owner of self‐propelled, self‐elevating support vessels serving the offshore oil, gas, and renewables industries, said Thursday it had secured a new contract.The company said Thursday that the contract was at improved rates…
Italian oilfield services giant Saipem has won two new contracts in Ivory Coast worth around one billion euros in total.The contracts have been assigned by ENI Cote d’Ivoire-Petroci consortium for the Baleine Phase 1 Project, for the development…
Oil and gas company Kosmos Energy said Tuesday that the FPSO for the Greater Tortue Ahmeyim project had been returned to the quayside of the COSCO shipyard in China, following the recent incident in which the vessel drifted away due to the impact of Typhoon Muifa…
VAALCO Energy said Monday that the Government of Equatorial Guinea has approved the Venus - Block P Plan of Development (“POD”). VAALCO has an 80% participation interest in the project and is the operator. Upon the execution of final documents…
Zenith Energy has made an offer to the Republic of Benin operate Block 1 containing the 'largest and most prospective oilfield in the country'. The shallow water block in the Gulf of Guinea contains the Sèmè oilfield, which was discovered in 1968 and produced for 14 years…
Offshore engineering and construction firm McDermott International said Tuesday that it secured a 'significant' contract with TotalEnergies EP Angola Block 17/06. McDermott defines a significant contract as between USD $250 million and $500 million…
Offshore drilling firm Stena Drilling has secured a drilling contract with China's CNOOC for its drillship Stena IceMax in Gabon.The contract is with CNOOC's subsidiary CNOOC Africa Holding Ltd. (CNOOC).According to Stena Drilling, the two-well program is scheduled for Q1 2023…
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