Offshore Africa News


Egypt Inks Two Offshore Exploration Deals with Exxon

1 hour ago

Egypt has signed two deals with Exxon Mobil Corp for oil and gas exploration in the Mediterranean, the petroleum ministry said on Tuesday. The deals involve a minimum investment of $332 million, the ministry said in a statement. Exxon Mobil announced the acquisition of more than 1…

SeaBird Clinches Two OBN Surveys in W. Africa

Jan 27, 2020

Norwegian marine seismic acquisition company SeaBird Exploration has received a letter of award for the provision of source vessel services.The letter of award follows SeaBirds November 2019 announcement when the company said it had received…

Offshore Helicopter Firms NHV, TAL in Nigerian Team-Up

Jan 27, 2020

Belgium-based offshore helicopter provider NHV Group has partnered up with Tropical Arctic Logistics Ltd (TAL), a Nigerian subsidiary of Baywood Integrated Group, specialized in logistics and flight services.The partnership will jointly pursue…

VAALCO Targets M&A for Growth

Jan 27, 2020

Africa-focused oil company VAALCO Energy has appointed William R. Thomas as president to help its M&A ambitions.VAALCO said: 'The Board believes the appointment of an experienced executive, with a commercial background in investment banking and proven track record for M&A-led value creation…

Lekoil Gets Breathing Space

Jan 22, 2020

Nigerian oil company Lekoil has been given more time to find funds it needs to contribute for the drilling operation at the OPL 310 block in Nigeria, following a recent funding fiasco with unnamed scammers.Lekoil was required to pay Optimum Petroleum…

Panoro, Vaalco Make Progress Offshore Gabon

Jan 22, 2020

Gabon looks to be on its way to achieving the projected 50% increase in crude oil production in the next one year if the positive result from offshore wells development, by two of the leading international oil companies operating in the country…

Edison Spuds Egypt Offshore Well

Jan 22, 2020

Oil and gas exploration firm Edison has reportedly started drilling operations at its North Thekah concession offshore Egypt.According to what appears to be Edison's press release circulated online, Edison started drilling on January 18, 2020 in the Mediterranean Sea block…

FAR Inks Sangomar Oil Offtake Deal with Glencore

Jan 22, 2020

Australian oil company FAR Ltd. has signed a deal with Glencore, one of the world's largest oil marketers, for the full allocation of Far's share of the future oil production from the Sangomar field offshore Senegal.FAR, which owns a 15% stake in the recently sanctioned…

BW Energy Completes 2nd Producer at Tortue 2 in Gabon

Jan 22, 2020

BW Energy has completed the second production well of the Tortue Phase 2 development, offshore Gabon.'The DTM-5H well marks the completion of the first of two new well clusters on the Tortue field which will be tied back to the FPSO BW Adolo and boost oil output…

BP, Angola in Offshore Oil Agreement

Jan 21, 2020

BP signed an agreement with Angola aimed at acquiring oil further exploration rights, state news agency Angop reported, the latest in a flurry of agreements between oil majors and Africa's second-biggest exporter.The deal with the country's…

Nigeria: Ex-Attorney General Charged in $1.3B Oil Deal Bribery Case

Jan 21, 2020

Nigeria's financial crimes watchdog charged a former attorney general suspected of taking bribes to facilitate a $1.3 billion oil block sale, the agency said on Tuesday, in the latest twist in one of the industry's biggest alleged corruption scandals…

SOFEC to Supply Sangomar FPSO Turret Mooring System

Jan 20, 2020

SOFEC announced it has been awarded a contract from MODEC to supply an external turret mooring system for a floating production, storage and offloading (FPSO) vessel for the Sangomar project offshore Senegal.SOFEC will be responsible for all engineering…

Somalia 'Invites' Turkey to Drill for Oil in Its Waters

Jan 20, 2020

Turkish President Tayyip Erdogan said on Monday that Somalia had invited Turkey to explore for oil in its seas, after Ankara signed a maritime agreement with Libya last year, broadcaster NTV reported. Turkey has been a major source of aid to…

Africa Energy Reveals Total's Luiperd Drilling Timeline

Jan 20, 2020

Following last year's large gas/condensate discovery at Brulpadda well offshore South Africa, French oil major Total is preparing to drill more wells in the vicinity.After the Brulpadda, estimated by Rystad Energy to hold 500 mboe to 600mboe…

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