Offshore Africa News


Angola Hopes Reforms Will Aid Oil Assets Sales

Oct 17, 2019

Angola is hoping sweeping economic reforms will smooth an ambitious plan to sell key state assets, including stakes in oil company Sonangol, a share of Puma Energy and more than 100 other enterprises.Africa's second biggest oil exporter is in…

Shell Aims to Operate Egypt Concessions in 2020

Oct 17, 2019

Royal Dutch Shell is aiming to start operating in its concession areas in Egypt in the second half of 2020, a senior executive said.Shell won three oil and two gas concessions in Egypt in February.Eni, BP and ExxonMobil also won some of a total…

Springfield Kicks Off Ghana Drilling Campaign

Oct 11, 2019

Springfield Exploration and Production Limited (SEP), a subsidiary of Springfield Group, has spudded the first of its new deepwater wells off the coast of Ghana.After targeting Afina-1x, the Stena Forth drillship will move to drill Oak-1x. The…

Which Way for Gabon's Offshore Sector?

Oct 10, 2019

Gabon, sub-Saharan Africa’s eighth largest oil producer, last week participated in the last of its earlier scheduled nine events held in North America, Asia, Europe and Africa, to popularize the 12th shallow and deep water licensing round with only three months before the bidding process is closed…

Equatorial Guinea Says Currency Caps Will Hurt Energy Prospects

Oct 10, 2019

New currency controls enforced by the Bank of Central African States (BEAC) could ruin the oil and gas industry in the Gulf of Guinea and 'destroy' Equatorial Guinea's economy, the country's oil minister told Reuters on Wednesday.Equatorial Guinea…

Angola Seeks to Reduce Gas Flaring to Capture Revenue

Oct 09, 2019

Angola wants to cash in on the roughly 3 billion cubic feet per day of associated natural gas it produces, most of which is now flared, the petroleum minister said on Wednesday.The announcement of efforts to generate more revenues by reducing…

Senegal Delays Oil Licensing Round

Oct 09, 2019

Senegal has delayed the launch of an oil and gas licensing round due on Wednesday until November 4 as contract documents still need to be finalized, oil minister Mahamadou Makhtar Cisse said.'We need to ensure the legal framework for investors…

Hibiscus Oil Find Bigger than Expected

Oct 04, 2019

Panoro Energy reported drilling results in the Hibiscus Updip well (DHIBM-1), located on Dussafu Marin Permit, offshore Gabon, “have significantly exceeded expectations” the company's CEO John Hamilton said.Panoro and operator BW Energy estimate…

DoJ Drops Shell Investigation

Oct 02, 2019

Royal Dutch Shell said on Wednesday that it had been informed by the U.S. Department of Justice that it had closed its inquiry into Shell over the 2011 $1.3 billion acquisition of a Nigerian offshore oilfield.Shell and Italy's Eni are both currently…

CGG Delivers 4D Seismic for BP

Oct 02, 2019

French-based geophysical services company CGG said it has delivered broadband 4D seismic results ahead of schedule from BP Angola’s latest monitor survey offshore Angola.The enhanced imaging volumes from the Greater Plutonio development in the…

US DOJ Closes Eni Investigations

Oct 01, 2019

The U.S. Justice Department has closed its investigations into alleged corruption by oil major Eni in Nigeria and Algeria without taking any action, the Italian energy group said on Tuesday.Eni, the biggest foreign oil and gas producer in Africa…

Benthic Wins Geotechnical Work from TechnipFMC

Oct 01, 2019

Geosciences company Benthic announced it has secured an offshore geotechnical and geophysical contract from TechnipFMC for the Golfinho development, a deepwater discovery off the coast of Mozambique that will be developed as a subsea system…

Valaris Announces New Contract Awards

Oct 01, 2019

Offshore drilling contractor Valaris on Tuesday announced a group of new global contracts and contract extensions, with associated revenue backlog of approximately $245 million. The latest batch of contracts, which includes work in several continents…

Eni CEO's Wife Under Investigation in Congo Probe

Sep 30, 2019

Italian prosecutors are investigating the wife of Eni's chief executive as part of a wider probe into allegations of corruption involving the oil and gas major in Congo Republic, a prosecution document seen by Reuters showed.State-controlled…

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Offshore Engineer (Sep/Oct 2019)

This issue of Offshore Engineer is dedicated to Big Data and Digitalization

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