Hess Corp. recorded a US$509 million loss in Q1, in addition to a 34% drop in its revenue. Image from Hess. The loss is much wider than the Q1 2015 loss of $389 million. The decrease…
DOF Subsea has been awarded more than US$61.6 million (NOK 500 million) in IMR and subsea installation contracts in several regions, including key work on Eni's OCTP project offshore Ghana. DOF was awarded an FPSO mooring installation…
DeepOcean and Tullow have entered a three-year contract for vessel operations, offshore Ghana. DeepOcean’s Ghana arm will provide a light construction vessel (LCV) to Tulllow Ghana in the agreement, which comes with options for two further years…
Rigless electric submersible pump (ESP) provider AccessESP has named John Algeroy as the Europe and Africa region manager. Based in Houston, he will be responsible for all marketing, sales and operations for clients throughout the region…
Tullow Oil is pushing back the start up of production at its Jubilee field offshore Ghana by an additional two weeks, after finding more damage to the Kwame Nkrumah floating production and storage offloading (FPSO) unit. Image of the Kwame Nkrumah…
The TRIYARDS Holdings built Lewek Constellation ice-class DP3 multi-lay vessel, was named Support Vessel of the Year at the 2016 Offshore Support Journal (OSJ) Awards. Only offshore support vessels (OSVs) deemed to have raised the bar…
Africa-focused oil and gas production and development company Aminex started first gas production from its Kiliwani North gas field, offshore Tanzania. Map of Kiliwani North and Songo Songo, from Aminex…
Tullow Oil is set to start up production at its Jubilee field offshore Ghana later this week, after declaring force majeure on two cargoes last month. Image of the Kwame Nkrumah, from Tullow. In a statement from the company…
Chad Barnes reports that contrary to current industry norms, contracting activity in the Eastern Mediterranean and North Africa region is on the rise. The Eastern Mediterranean gas landscape and a focus on Egypt…
Heather Saucier examines the geology of the Mediterranean and North African region, and assesses where more discoveries could be made. The location of four assessment units in the Nile Delta Basin Province in the Eastern Mediterranean…
Some 100 job cuts are being made at Maersk Oil as the company struggles with improving returns on its unsanctioned Chissonga project in Angola that will see the closing of its Houston office and reducing its staff in Luanda. Image…
GEC Petroleum Development Co. (GPDC) is delaying a deal with MX Oil to acquire 5% interest in the Aje field offshore Nigeria in order for the company to gather the appropriate funds for the sale. GPDC is in the process of finalizing its…
Houston-based Erin Energy has mobilized the Island Constructor light well intervention (LWI) vessel to the Oyo field, offshore Nigeria. The Island Constructor, from Island Offshore. The…
Dana Petroleum and its partners failed to make an oil discovery at the Manatee-1 exploration well, offshore Cameroon, according to partner SDX Energy. The well, located in the shallow waters in the prolific Niger Delta basin, was spud on 2 March using the Paragon M825 jackup rig…
A consortium led by Eni and comprising of GNPC, Explorco, Vitol, and Woodfields, has been awarded a new exploration license, Cape Three Points Block 4, located in the Tano Basin, offshore Ghana. GNPC, Vitol and Eni are already developing…