Offshore Africa News - page 12

Wellpro Announces New Hires

Nov 11, 2019

Well intervention company Wellpro Group announced two new appointments as it eyes further expansion in the Eastern Hemisphere.Mark Fraser has taken up the role of Regional Manager in the Middle East, while Martin Webster has been appointed Regional Manager in Asia…

Africa Oil States Aim to Lure Investors

Nov 11, 2019

Lower prices and increasing competition for investment are driving many African states to make it easier and cheaper for overseas companies to keep their oil and gas output flowing.From Ghana to Gabon, governments are adjusting terms to lure…

Saipem Wins $100 Mln Pipeline Contract

Nov 07, 2019

Equatorial Guinea has awarded a $90-$100 million contract to build a 70 km subsea pipeline linking the Noble Energy operated Alen Unit to the country's Punta Europa petrochemical hub to Italian firm Saipem , the oil ministry said on Thursday…

PetroNor Opts for Arbitration in Senegal

Nov 07, 2019

Listed independent oil and gas exploration and production company PetroNor E&P has said its subsidiary, African Petroleum Senegal Ltd, will continue on the path of seeking a resolution to the outstanding dispute over block Senegal Offshore Sud…

LOC Group Wins BP Contract

Nov 07, 2019

LOC Group, a provider of services to the offshore oil and gas industry, announced it has become the third-party provider for marine assurance and inspection with BP Egypt.LOC Egypt has been awarded a two-year marine assurance and inspection contract by BP Egypt…

Ghana Energy Official Calls for Regulatory Changes

Nov 06, 2019

Ghana's Deputy Energy Minister Amin Adam said on Wednesday that domestic laws must be changed to allow companies already producing to further explore offshore areas for more oil.'We're changing our law to allow companies that are already producing in a certain area to continue with exploration…

Equatorial Guinea to Award 7-8 Blocks

Nov 06, 2019

Equatorial Guinea's Oil Minister Obiang Lima said on Wednesday that the central African nation would award 7-8 blocks from its current licensing round at the end of November.The country received a total of 21 bids on 13 blocks, out of 27 initially offered…

Total to Sell Stake in Nigerian Offshore Block

Nov 06, 2019

Total is seeking to sell its 12.5% stake in a major deepwater oilfield off the coast of Nigeria, industry and banking sources said, in an effort to adjust the energy company's Africa portfolio amid a broad expansion.The stake in Oil Mining Lease (OML) 118…

Pecan Field Development Faces Delays

Nov 01, 2019

Aker Energy's planned development of an oilfield in Ghana faces delay due to a disagreement with authorities over regulations, Norwegian investment company Aker ASA said on Friday.Aker said in May it expected Ghanaian authorities to approve a $4…

Polarcus Wins 4D Project in West Africa

Oct 31, 2019

Marine geophysical company Polarcus said it has received an award for a 4D marine seismic acquisition project offshore West Africa.The project duration is approximately two months and is scheduled to commence in the fourth quarter of 2019 following a scheduled class docking.

Africa’s Boundary Rows Delay Offshore Projects

Oct 31, 2019

The International Court of Justice has delayed to early November the hearing of the maritime border dispute between Kenya and Somalia and hence delaying further the earlier approved offshore oil and gas exploration activities by both countries…

BP Makes Major Gas Find off Mauritania

Oct 28, 2019

Oil supermajor BP has made a major gas discovery in the Orca-1 exploration well in the BirAllah area offshore Mauritania, partner Kosmos Energy announced on Monday.Located approximately 125 kilometers offshore Mauritania, Orca-1 was drilled in approximately 2…

LEKOIL Secures $11.5 Mln Debt Facility

Oct 25, 2019

West African focused oil and gas company LEKOIL announced on Friday it has signed a new $11.5 million debt facility with FBNQuest Merchant Bank.The facility has a maturity of four years and is repayable quarterly with a margin of London Interbank…

Shell, Exxon to Pay $1.7 Mln for Somalia Block

Oct 25, 2019

Royal Dutch Shell and Exxon Mobil have paid $1.7 million to Somalia to lease offshore blocks for 30 years, the country's state news agency reported on Friday.'Shell/Exxon Mobil have paid $1.7 million to Somalia as the preliminary rent for 30 years…

Petrobel Makes Discovery Offshore Egypt

Oct 25, 2019

Italian supermajor Eni said new resources have been discovered in the Abu Rudeis Sidri development lease, in the Gulf of Suez where the operating company Petrobel, equally held by Eni and by national oil company Egyptian General Petroleum Corporation (EGPC)…

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