Subsea7 has been awarded a substantial engineering, procurement, construction and installation (EPCI) contract by ExxonMobil for a subsea tie-back project offshore Angola.The contract, awarded to Subsea Integration Alliance, relates to the Redevelopment 2…
Gulf Marine Services (GMS), a provider of jack-up support vessels to the offshore energy industry, has secured two contracts, marking its entry into Africa and Latin America and expansion of its footprint into new offshore energy markets.The…
Canadian oil and gas exploration company Africa Energy has obtained an extension to submit a new environmental and social impact assessment (ESIA) for Block 11B/12B offshore South Africa.The company said the extension, running until November 4…
Block Energy has entered into a conditional agreement with Pilgrim Exploration for an investment linked to offshore production sharing contracts in Gabon, alongside plans to raise $6.3 million through an equity offering.The transaction relates to the Ndjila and Mpari production sharing contracts…
Rhino Resources has contracted Saipem’s Saipem 12000 drillship to drill an appraisal well offshore Namibia to test the extension of an oil discovery in the Orange Basin.The Capricornus-1A well, located in Block 2914 under the PEL 85 license…
Sierra Leone has signed an agreement with Shell that allows the oil major to conduct advanced geological and geophysical surveys across multiple offshore blocks, the country's petroleum directorate said on Wednesday.The reconnaissance permit agreement covers an area of approximately 20…
OPEC member Gabon expects to sign production-sharing contracts with BP and Exxon Mobil in four to six months, the country's oil and gas minister Clotaire Kondja said on Wednesday at an African energy conference held in Paris.BP and Exxon both…
Vaalco Energy has achieved strong initial results from a development well offshore Gabon and remains on track to restart production at its Baobab field in Côte d’Ivoire in the second quarter of 2026.The company said the Etame 14H well has been drilled…
Brazil’s Petrobras has signed an agreement to acquire a 75% stake and assume operatorship of Block 3 offshore São Tomé and Príncipe from Oranto Petroleum.The block is currently held by Oranto, which has a 90% interest and acts as operator, alongside…
Energy data and intelligence firm TGS has signed a strategic agreement with the Republic of Equatorial Guinea to acquire, process and promote seismic and geophysical data across the country’s offshore basins.The agreement covers the reprocessing…
Offshore drilling contractor ADES Holding has secured multi-year contracts for three premium jack-up rigs offshore Nigeria and a separate one-year extension for another rig, strengthening its presence in West Africa.The drilling services provider…
The Egyptian cabinet approved on Thursday a draft for a gas and oil exploration agreement in the Lotus offshore area in the Mediterranean with Egyptian Natural Gas Holding Company and Chevron Egypt Holdings Ltd, a statement said.Egypt, which…
ABL Group, via its Egypt-based units, has signed a memorandum of understanding (MoU) with PetroSafe to collaborate on onshore and offshore technical services for energy assets in Egypt.The agreement covers offshore and onshore facilities and…
DeepOcean and Woodside Energy have completed a combined subsea inspection and 3D scanning campaign at the Sangomar field offshore Senegal.The campaign covered 69 subsea structures, including 17 subsea trees, using a methodology that allows inspection and 3D scanning to be performed simultaneously…
The International Energy Agency sharply cut its forecasts for global oil supply and demand growth, saying both are now expected to fall from 2025 levels as war in the Middle East disrupts oil flows and weighs on the global economy.The IEA now sees global oil demand falling by 80…