ExxonMobil and its partners have made an oil discovery at Block 15 offshore Angola, while drilling the exploration well located in the Kizomba B development area.The discovery was made while drilling the Likembe-01 well in Block 15, operated by ExxonMobil…
Esgian reports an eventful week with contract confirmations, terminations and suspensions in its Week 18 Rig Analytics Market Roundup.Report SummaryContractsBurullus Gas Company, the self-operated joint venture between Shell Egypt, the Egyptian Natural Gas Holding Company (EGAS)…
Yinson Production has closed the limited recourse term loan facility of up to $1.3 billion for the pre and post-delivery financing of the Agogo FPSO, whish is set for deployment on Azule Energy’s development offshore Angola.The financing is provided by a consortium of 13 lenders…
Blue Water has secured a substantial logistics contract with Yinson Production to oversee the transportation of the topside modules for the Agogo FPSO, which will be deployed on Azule Energy’s development offshore Angola.The Agogo floating storage…
Offshore drilling contractor Transocean has secured contracts for three of its drilling rigs – semi-submersible Transocean Barents and drillships Deepwater Skyros and Deepwater Invictus – worth approximately $326 million.In its quarterly fleet status report…
Malaysian FPSO leasing firm Yinson Production has appointed TMC Compressors to supply a large marine compressed air system for FPSO Agogo, which will be operated by Azule Energy, a BP-Eni joint venture, on a development offshore Angola.Under the contract…
Angola-based Azule Energy has awarded a three-year contract with extension options to Norwegian company FutureOn for its FieldTwin digital design and visualization platform.Azule Energy – a standalone integrated energy company combining the…
Ocean Installer, in consortium with Oceaneering, has secured a significant contract from TotalEnergies EP Angola and its Partners of Block 17 on Girassol FPSO life extension project offshore Angola.Ocean Installer will manage, engineer, and execute the project…
Angola is leaving the Organization of the Petroleum Exporting Countries (OPEC) because membership is not serving its interests, oil minister Diamantino Azevedo said on Thursday.Angola, which joined OPEC in 2007, produces about 1.1 million barrels of oil per day…
African members of OPEC+ producer group Angola and Nigeria are aiming for higher oil output, officials told Reuters on Thursday, as the countries are locked in talks with the group about their production quotas for next year.The comments came…
Petro Services and its main subcontractor, Ocean Installer today announced they have been awarded a contract from TotalEnergies EP Angola and it’s Block 17 partners, to execute an umbilical recovery and reinstallation scope on the Pazflor FPSO…
Malaysian FPSO leasing firm Yinson Production is piloting an offshore Carbon Capture and Storage (“CCS”) plant on FPSO Agogo in Angola, together with client Azule Energy, an Angolan BP-Eni joint venture.'The plant is the world’s first post-combustion carbon capture unit installed onboard an FPSO…
Angola's largest private oil and gas company Azule Energy plans to raise production by around 14% to 250,000 barrels per day (bpd) by 2026, its CEO said on Thursday, in a boost to the country's plans to turn around flagging output.Azule Energy…
French oil major TotalEnergies has sold a 40% interest in the offshore Block 20 in the Kwanza Basin in Angola to Malaysia's Petronas.The transaction was completed for an amount of $400 million as at January 1st, 2023, subject to customary price adjustments…
Malaysia-based firm Sapura Energy has secured an offshore platform transportation and installation contract in Angola.The contract, with Azule Energy, an Angolan joint venture between Eni and BP, is worth around $300 million and is related to Angola Northern Gas Complex (NGC) Project…
