Offshore Africa News - page 2

Sasol to Cut Jobs, End West African Oil Operations

Jun 18, 2020

Sasol Ltd plans to cut jobs and end West African oil operations as part of a business revamp, the petrochemicals producer said on Thursday, and has also agreed a deal with lenders to relax borrowing rules.Sasol has been reviewing its business as it grapples with high debt levels…

Jaan 3D Seismic Survey Offshore W. Africa Complete

Jun 16, 2020

Norwegian seismic data company TGS has said it has, with its partners, completed the Jaan 3D seismic survey covering the MSGBC Basin in NW Africa acquired in partnership with PGS and GeoPartners. Comprising over 28,000 square kilometers, the 3D survey spanning offshore Senegal…

Nigeria Exceeds OPEC+ Oil Output Cut Quota

Jun 10, 2020

Nigeria did not fully comply with a pact by oil producers to rein in output to balance markets but will make additional cuts to make up for the lapse, the head of the Nigerian National Petroleum Corporation Mele Kyari said on Wednesday.Nigeria…

Mozambique Expects Exxon Rovuma FID in 2021

Jun 04, 2020

Mozambique's National Petroleum Institute expects Exxon Mobil's final investment decision on a $30 billion gas project in the north of the country in 2021, it said on Wednesday, though the U.S. company dismissed this as speculation.'The final…

Nigeria Launches Licensing Round for Marginal Oilfields

Jun 02, 2020

Nigeria has launched its first licensing round for marginal oilfields in nearly 20 years, the Department of Petroleum Resources (DPR) said on Monday, despite court rulings last week that barred some of the fields from being auctioned.Marginal…

Tullow Says 58 Workers Test Positive for COVID-19 Offshore Ghana

May 29, 2020

Fifty-eight workers tested positive for COVID-19 at an oil production facility run by Tullow Oil off Ghana's Atlantic coast, the company said in a statement on Friday,Fifty-seven workers tested positive on a support vessel for a floating production and storage (FPSO) unit…

RMB Confirms Total's $15B Funding for Mozambique LNG Project

May 28, 2020

South Africa's Rand Merchant Bank (RMB) confirmed on Thursday that it is part of a consortium of banks providing $15 billion funding for French energy major Total's Mozambique liquefied natural gas (LNG) project.Sources told Reuters last week that Total had secured $14…

UK Court Throws Out Nigerian Offshore Block Graft Case Against Shell, Eni

May 22, 2020

An English court threw out a $1.1 billion case Nigeria had brought against Royal Dutch Shell and Eni related to a dispute over the OPL 245 oilfield, a court document showed on Friday, while a related trial in Italy continues.The Nigerian government…

PGS Releases Sharper Ivory Coast Data

May 22, 2020

Norwegian seismic company PGS has said it has released new multi-azimuth GeoStreamer 3D data for Ivory Coast.The company promises that the new 900 sq. km multi-azimuth broadband seismic survey provides increased resolution and sharper imaging…

Price Drop Triggers Haggling Over Oil and Gas Deals

May 21, 2020

The collapse in oil prices to 21-year lows has led potential buyers of oil and gas fields to try and renegotiate deals already agreed at higher prices, with the first examples emerging of sellers having their hand forced.At a time when most oil companies are slashing budgets…

Total Secures $14.4 Bln Funding for Mozambique LNG

May 20, 2020

French energy major Total has secured $14.4 billion funding for its Mozambique liquefied natural gas project in Mozambique, two sources said on Wednesday.A source with knowledge of the matter said Total has reached a financing agreement with…

Angola's Oil Exploration Evaporates

May 20, 2020

The coronavirus pandemic has done in a handful of months what even a 27-year civil war did not: it has brought oil drilling to a halt in Angola, Africa's second-largest oil producer.The consequences could be grave for a poor country that relies…

COVID-19 Delays Total's South Africa Offshore Drilling Plans

May 19, 2020

French oil major Total has agreed with Odfjell Drilling to keep the Deepsea Stavanger offshore drilling rig idle for a while due to the COVID-19 situation.Odfjell Drilling's semi-submersible drilling unit has a contract with Total to drill this year in South Africa…

EXIM Bank Amends Mozambique LNG Loan. Earmarks $1.8B for Offshore Work

May 18, 2020

The U.S. EXIM Bank has amended its previously approved September 2019 direct loan supporting U.S. exports for the development and construction of the Total-operated LNG project located on the Afungi Peninsula in northern Mozambique.The original scope of the $4…

Jotun's Coatings for Deepsea Stavanger Rig

May 18, 2020

Marine coatings specialist Jotun is taking part in the preparation of Odfjell Drilling's Deepsea Stavanger drilling rig for operations in the challenging environment offshore South Africa.Jotun said Monday it was working with Odfjell Drilling…

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