Offshore Africa News

Chariot Completes 'Very successful' Drilling Campaign Offshore Morocco

Jan 18, 2022

Morocco-focused oil and gas company Chariot has completed its successful gas drilling operations on the Anchois gas project within the Lixus licence, offshore Morocco. Chariot, which last week announced a 'transformational' gas find at Anchois well…

TotalEnergies, Inpex Sell Angolan Subsidiary Angola Block 14 B.V.

Jan 17, 2022

TotalEnergies and Inpex have agreed to sell their Angola Block 14 B.V. subsidiary to the Angolan Company Somoil for an undisclosed price.Angola Block 14 B.V., owned by TotalEnergies Holdings International B.V. (50.01%) and Inpex Angola Block 14 Ltd (49…

Tower Resources Raises $2M to Cover Working Capital Needs

Jan 14, 2022

Africa-focused oil and gas firm Tower Resources has said it has raised £1.5 million (~$2 million) via a placing and subscription of 576,923,077 new ordinary shares of 0.001p each at a price of 0.26 pence per placing share, a discount of 29% to the closing share price on January 13…

Shell Seismic Survey Approval Complied with Rules, S.Africa Minister Says

Jan 13, 2022

Shell's plan for seismic testing on South Africa's Wild Coast, which critics say threatens dolphins, seals, whales, penguins and other rare sea life, received all necessary environmental approvals, the country's energy minister said in a letter to parliament…

Eco Atlantic to Acquire Azinam's Offshore Blocks in Namibia, South Africa

Jan 11, 2022

Oil and gas company Eco Atlantic has signed a Memorandum of Understanding to acquire 100% of Azinam Group including Azinam's entire offshore asset portfolio, in return for a 16.65% equity stake in the enlarged group on completion of the acquisition…

Asian Demand Props Up Prices for W. Africa Crude

Jan 11, 2022

A tight physical market and buoyant demand from Asia helped prop up prices for West African crude on Monday.A narrow WTI-Brent spread was favoring flows of lighter West African grades into Asia as opposed to competing American crude grades, traders said…

Gabon Oil and Utilities Workers Strike Over COVID-19 Measures

Jan 11, 2022

Gabon's oil workers' union and water and electricity workers' union began a general strike on Tuesday in protest against COVID-19 restrictions and the cost of PCR tests, they said.'We hereby inform you of the launch of an unlimited general strike…

Eni Wins Five Oil and Gas Exploration Blocks in Egpyt

Jan 10, 2022

Italian oil and gas firm Eni said Monday it had won five new exploration licenses in Egypt, granted by the Egyptian Ministry of Petroleum. The licenses, four of which as Operator, are in the Egyptian offshore and onshore, and follow the participation…

Rystad: FPSO Contracts in 2021 Hit Pre-Pandemic Levels. Ten New Orders Expected in 2022

Jan 10, 2022

According to Rystad Energy research, the market for floating production, storage, and offloading (FPSO) units almost brushed off the pandemic's effect in 2021, driven mostly by Brazil demand, and is predicted to continue apace in 2022, with 10 new awards expected…

Eni Extends BW Offshore's Abo FPSO

Jan 06, 2022

Italian oil company Eni has extended its contract for BW Offshore's Abo floating production storage and offloading (FPSO) vessel for another year.The FPSO's owner BW Offshore said Thursday it has signed the extension with Eni's subsidiary Nigerian Agip Exploration…

Saipem Hires 'Edda Fides' Flotel for Senegal/Mauritania Gig

Jan 06, 2022

Italian offshore energy services firm Saipem has chartered Edda Accommodation's Edda Fides offshore accommodation vessel.The contract, starting in the second half of 2022 is for the Edda Fides' deployment in the Mauritania/Senegal joint maritime…

Nortrans' Flotel to Assist with Coral FLNG Hook-Up

Jan 06, 2022

Singapore-based offshore vessel provider Nortrans has secured a flotel contract with TechnipEnergies to support the hook-up of the giant Coral Sul FLNG unit that has recently arrived in Mozambique after a journey from South Korea where it was built…

W. Africa Crude-Some Angolan Spot Moves

Dec 24, 2021

A few Angolan spot cargoes changed hands on Thursday, while results from a few tenders were still outstanding.Angola's state oil firm Sonangol sold its last February spot cargo, a Girassol, to Exxon Mobil after offering it at dated Brent plus 50 cents a barrel…

FAR's Bambo Drilling Fails to Deliver (The Gambia)

Dec 23, 2021

Australian oil and gas company FAR Limited said Thursday its Bambo-1ST1 well offshore The Gambia had not encountered live oil columns and would be plugged and abandoned. Despite the disappointment, FAR said that the well data showed that several target intervals in the well had oil shows…

Current News

Danish Wind Turbine Maker Vestas Tops List of 100 Most Sustainable Companies

Fugro's Augmented Reality Camera to Assist with Sepetiba FPSO Mooring

Schlumberger Profit Rises as Higher Oil Prices Drive Drilling Services Demand

Seadrill New Finance Emerges from Chapter 11. To be Renamed Paratus Energy Services

Subscribe for OE Digital E‑News