Offshore Africa News

FAR Struggling to Secure Cash for Sangomar Development

10 hours ago

Australian oil company FAR, a partner in the recently sanctioned Woodside-operated Sangomar offshore oil field in Senegal, has said that its ability to secure a loan for its part of Sangomar capex has been compromised by the coronavirus pandemic and oil price crash…

Oil Crash Puts Africa's Cash-Strapped Producers in Peril

11 hours ago

Collapsing oil prices have left African producers facing not only lost revenue when they most need it to tackle coronavirus, but also a fall in hard-won market share they may never regain.The continent's producers such as Nigeria, Angola and…

Cameroon: Tower Resources Declares Force Majeure

11 hours ago

Oil company Tower Resources, working on development on the Thali offshore Block in Cameroon, has declared force majeure, citing the impact of COVID-19 and travel restrictions on its operations.'Petroleum operations in Cameroon have already been affected by consequences of the Covid-19 pandemic…

Vaalco Brings Offshore Gabon Well Online. Says No Covid-19 Impact on Ops so Far

Mar 26, 2020

Vaalco Energy has said it has completed the South East Etame 4H development well offshore Gabon, including approximately 750 feet of horizontal section in the Gamba reservoir.The company said Thursday it had brought the South East Etame 4H well onto production on March 21…

Covid-19 and Cheap Oil to Hit African pre-FID Oil Projects

Mar 26, 2020

Norwegian energy intelligence firm Rystad Energy expects that majority of Africa’s top planned oil and gas projects that were expecting final investment decisions under an oil price assumption of between $55 and $60 per barrel will be hit hard by the current oil prices and coronavirus impact…

Lekoil 'in Process' of Paying $2M to Optimum

Mar 25, 2020

Nigerian oil company Lekoil has said it is in the process of paying $2 million to Optimum Petroleum, its partner in an offshore block in Nigeria.The 2 million payment was agreed in January, and it is the first of two installments Lekoil is due…

Woodside, Partners in Talks over $4.2B Sangomar Project Timing

Mar 25, 2020

Woodside Petroleum and its partners are in talks on the timing of their $4.2 billion Sangomar oil project off Senegal, with coronavirus restrictions and collapsing oil prices hampering work on the project.Woodside, Cairn Energy Plc, FAR Ltd…

ExxonMobil Shortens Term for Shelf Drilling Jack-Up

Mar 24, 2020

Jack-up drilling company Shelf Drilling, one of the world's largest jack-up contractors by fleet size, has seen another rig contract cut short in less than a week.After it on Friday said Dubai Petroleum would reduce the length of the Shelf Drilling…

Mozambique Army, Islamist Insurgents Battle Near Gas projects

Mar 24, 2020

Mozambican troops battled Islamist insurgents in a town in a northern town on Monday close to billion-dollar gas projects being developed by ExxonMobil and Total, police said.The General Commander of Mozambique's police, Bernardino Rafael, said…

Tullow Rescinds Maersk Drillship Contract

Mar 24, 2020

Oil company Tullow Oil has terminated the drilling contract with Maersk Drilling for the Maersk Venturer drillship in Ghana.Maersk Drilling said Tuesday it had received a notification from Tullow Ghana 'of early termination for convenience of the drilling contract…

Polarcus' Project Cancellations Highlight Oil Price Slump

Mar 23, 2020

Polarcus Ltd, which operates ships that search for offshore oil and gas, announced two project cancellations that will reduce its fleet utilization next quarter, highlighting the effects of the oil price slump on the energy services sector.Polarcus'…

EMGS: Senegal/Mauritania Survey Delayed due to COVID-19

Mar 23, 2020

Norwegian marine survey company EMGS has informed that BP has decided to delay a CSEM Survey offshore Senegal and Mauritania.The contract was awarded to EMGS in June 2019 and was supposed to begin in March 2020. This will now not happen.'EMGS…

Polarcus Loses Another Seismic Contract

Mar 20, 2020

Oslo-listed provider of offshore seismic surveys Polarcus has seen a seismic contract in Africa terminated, just days after it lost a deal in Asia.Polarcus said Friday that a client in West Africa had decided to cease operations on the project…

Axxis Geo Extends Havila PSV Charters

Mar 19, 2020

Ocean bottom node (OBN) survey company Axxis Geo Solutions has extended charters for two Havila platform supply vessels.Norwegian vessel owner Havila Shipping said Thursday that Axxis Geo had extended charters for the PSV vessels Havila Aurora…

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