Offshore Africa News - page 52

 

Senegal: GAS Entec Builds 'World's First' Modular LNG Floating Storage Regasification Unit for KARMOL

May 09, 2022

GAS Entec has completed the conversion of a 125,000m³ LNG carrier into an FSRUfor KARMOL, a joint-venture between Turkey's Karpowership and Japan's Mitsui OSK Lines (MOL), for deployment in Senegal.The company, a subsidiary of Atlantic Gulf & Pacific International Holding (AG&P)…

Equatorial Guinea Extends Offshore Block G PSC until Dec. 2040

May 09, 2022

The government of Equatorial Guinea has granted an extension of the Production Sharing Contract ('PSC') for the offshore Block G until December 31, 2040, covering both the producing Ceiba and Okume Complex Fields, Panoro Energy, a partner in the project…

Nigeria and Angola Responsible for Nearly Half of OPEC+ Oil Supply Gap

May 06, 2022

Almost half the shortfall in planned oil supply by OPEC and its allies is down to Nigeria and Angola, data seen by Reuters shows, reflecting a number of factors including moves by Western oil majors away from African projects.OPEC and its allies…

Sonangol Sells Dalia Cargo, Supply Still Ample

May 05, 2022

Angolan state oil company Sonangol sold one of the June-loading cargoes it has been offering, traders said on Thursday, although supply remained relatively ample amid weak Chinese demand.Sonangol sold its June-loading Dalia cargo that had been offered at dated Brent minus 50 cents…

Perenco Shuts Gabon Oil Terminal after 300,000-barrel Leak

May 02, 2022

Anglo-French oil company Perenco has shut its Cap Lopez oil terminal near Port Gentil in Gabon after a storage tank leaked more than 300,000 barrels of oil, it said in a statement.The oil, which amounts to more than Gabon's daily crude output…

Subsea 7 Nets 'Substantial' W. Africa Deal

May 02, 2022

Offshore installation services firm Subsea 7 said Friday it had won a substantial contract in West Africa.Subsea 7 defines a substantial contract as being between $150 to $300 million.In a brief statement in which it didn't reveal much, Subsea 7 said the contract was for the engineering…

Gulf Marine Services Nets Two-year Contract for K-Class Jack-up

Apr 29, 2022

Gulf Marine Services, a provider of jack-up support vessels for the global energy industry, said Friday it had won a two-year contract for one of its K-Class (smaller) vessels.The contract with an unnamed National Oil Company in the MENA region…

Afentra to Buy Into Two Offshore Blocks in Angola

Apr 28, 2022

Oil and gas company Afentra plc, led by former Tullow CEO Paul McDade, has signed an agreement with Angola's Sonangol to buy interests in Block 3/05 and Block 23, offshore Angola.Afentra will pay $80 million and could also pay contingent payments…

Gabon: VAALCO Starts Production from Avouma 3H-ST Offshore Well. Flow Rate Above Expectations

Apr 26, 2022

Africa-focused oil company VAALCO Energy on said it had started production from the Avouma 3H-ST development well that was drilled from the Avouma platform in the Etame field, offshore Gabon. The initial flow rate of the well was approximately 3…

Seadrill, Sonangol JV Wins 10-well Offshore Drilling Contract in Angola

Apr 25, 2022

Offshore drilling firm Sonadrill, a 50:50 joint venture between Seadrill and an affiliate of Sonangol, has secured a ten-well contract with options for up to eight additional wells in Angola for the West Gemini drillship.The total contract value…

Siem Offshore Nets New Deal for Siem Spearfish OSCV

Apr 22, 2022

Norwegian offshore vessel owner Siem Offshore has secured a new contract for the offshore subsea construction vessel Siem Spearfish with DeepOcean. The contract for the 2014-built vessel will start in direct continuation of its current commitment…

Solstad Offshore Reels in $26M in PSV, AHTS Contracts

Apr 19, 2022

Norwegian offshore vessel operator Solstad Offshore has won contracts for four of its platform supply vessels, as well as for several anchor handlers.When it comes to the PSVs, the contracts are for the vessels Normand Tantalus, Normand Serenade…

KOTUG to Buy Seaways International

Apr 19, 2022

Dutch marine services and towage company KOTUG has agreed to buy offshore support vessel firm Seaways International, in what is the largest acquisition in KOTUG's history.KOTUG said the move, of an undisclosed value, was part of its strategy…

Morocco Considers Onshore, Offshore Options for LNG Import Facility

Apr 18, 2022

Morocco is studying options at several ports to build a floating or land-based facility to import liquefied natural gas (LNG), Energy Minister Leila Benali said on Friday.Morocco relied for much of its gas needs - about 1 billion cubic meters…

Sonangol Said to Sell Dalia Oil Cargo, Trims Other Offers

Apr 13, 2022

Angolan state oil company Sonangol has sold one of its May-loading cargoes and trimmed offers of others to boost sales, traders said on Tuesday.Angolan oil has experienced one of its slowest trading cycles in years with April volumes just about…

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