Offshore Africa News


Capricorn AGM Could Aid Alternative to NewMed Deal, says Palliser

Nov 30, 2022

Capricorn Energy's move to ask shareholders for permission to bolster its options for payouts could pave the way for an alternative to its planned merger with NewMed, top-three Capricorn shareholder Palliser told Reuters. Palliser is one of…

BP Wins Two Offshore Exploration Blocks in Egypt

Nov 30, 2022

The Egyptian Natural Gas Holding Company has awarded BP stakes in two exploration blocks in the Mediterranean Sea, off the coast of Egypt. The Northwest Abu Qir Offshore Area - in which BP, as the operator, holds 82.75% and Wintershall-Dea holds 17…

Exxon to Exit Equatorial Guinea

Nov 29, 2022

Exxon Mobil Corp will wind down oil production in Equatorial Guinea and leave the West African country after its license expires in 2026, two sources close to the matter told Reuters. The departure reflects a wider move by major oil producers…

Europa Gives Up Block Offshore Morocco after Quest to Find Drilling Partner Fails

Nov 24, 2022

Europa Oil & Gas has decided to give up its Inezgane license offshore Morocco after failing to secure a farm-in partner to drill an exploration well in the block.The Moroccan authorities had, in October 2020, given the company more time to complete the technical work program at the license…

Reach Subsea to Assist with Offshore Unit Installation in W. Africa

Nov 22, 2022

Oslo-listed subsea services company Reach Subsea said Tuesday it had signed a conditional letter of agreement for a significant project in West Africa, through which Reach Subsea will be a subcontractor to 'a major tier-one contractor. 'The…

Valaris Bags Four-well Drilling Contract with BP Offshore Egypt

Nov 21, 2022

Offshore drilling contractor Valaris announced on Monday that its drillship VALARIS DS-12 has been awarded a contract to drill four wells for BP offshore Egypt.The contract is expected to commence late in the third quarter or early in the fourth…

Angola: Chevron Extends Jack-up Drilling Rig Contract

Nov 21, 2022

Oslo-listed offshore drilling company Shelf Drilling has secured a contract extension for its Shelf Drilling Tenacious jack-up rig.The contract is in direct continuation of its current contract for drilling operations offshore Angola until November 2023…

Shell Wraps Up Bonga FPSO Maintenance in Nigeria

Nov 18, 2022

Shell has completed a scheduled maintenance at its 200,000 barrels-per-day Bonga deep water storage and offloading vessel in Nigeria, a spokesperson said.The Shell Nigeria Exploration and Production Company said in a statement late on Thursday that the maintenance was completed in 22 days…

Closely Watched Gazania Wildcat Offshore S. Africa Disappoints

Nov 18, 2022

Eco-Atlantic hasn't found any hydrocarbons in the Gazania-1 exploration well, which is located off the coast of South Africa. The well was drilled in about 150 meters of water, is located 25 kilometers offshore the Northern Cape in the Orange Basin…

Nigeria to Build its First FLNG Unit

Nov 17, 2022

Nigerian company UTM Offshore has signed a front-end engineering design (FEED) contract for the development of an FLNG facility in Nigeria with JGC Corporation, Technip Energies, and KBR.This will be Nigeria's first floating liquefied natural gas (FLNG) facility…

Jan De Nul Crew Rescues 15 Refugees in the Mediterranean Sea

Nov 16, 2022

Offshore installation services firm Jan De Nul said Wednesday it had recently rescued 15 people drifting on a sloop in the Mediterranean Sea, offshore Algeria.'During a sea journey from Turkey to Belgium, Jan De Nul crew on board the offshore…

Tullow Oil Narrows Output Forecast Range, Cuts Capex Estimate

Nov 16, 2022

Tullow Oil narrowed its annual production forecast range and cut capital investment expenditure estimate on Wednesday, as the West Africa-focused oil producer attempts to bring down costs after two strategic wells returned disappointing results…

Saipem Wins Offshore Drilling Contracts Worth $800M

Nov 15, 2022

Italian energy industry services firm Saipem said Wednesday it had secured new offshore drilling contracts, three in the Middle East and two in West Africa, worth around $800 million in total.  In the Middle East, two new contracts have been awarded for two high-specification jack-up drilling units…

OPL 245 Offshore Block Case: Milan Court Rejects Nigeria's Compensation Request Against Eni, Shell

Nov 11, 2022

An appeals court in Milan on Friday rejected Nigeria's $1.092 billion compensation request against Italian energy group Eni and Shell in civil proceedings relating to a $1.3 billion oilfield deal. The decision was read out in court. In July…

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