Multinational oil and gas exploration company Tullow Oil plc will in the next two months launch a bid to acquire 3,000 square kilometers 3D seismic survey after the firm successfully completed its entry into the Africa’s east coast volcanic archipelago of Comoros…
The board of British oil producer Tullow will pay an interim dividend of 2.35 cents per share, representing a payout of about $33 million, the company said on Wednesday, in line with plans to disburse at least $100 million a year.The dividend…
Tenaris said it has been awarded a contract from Noble Energy for work on the offshore export pipeline for the Alen Gas Monetization Project in Equatorial Guinea.This 70-kilometer pipeline will transport natural gas from the Alen offshore platform…
Eni, Total and Qatar Petroleum have signed an agreement that will see the Qatari national oil company acquire stakes in three deepwater exploration blocks in the Lamu basin offshore Kenya.The L11A, L11B and L12 blocks are situated in what is…
A pair of new patrol vessels have been delivered to boost the security presence for offshore operations off the coast of Nigeria.The Netherlands based Damen Shipyards Group said on Tuesday it has handed over two Fast Crew Supplier (FCS) 3307…
The former head of Tanzania's state company oil is being reinstated by Tanzanian President John Magufuli, after the executive was suspended in 2016 over claims of abuse of office, the presidency said.James Mataragio, who was the managing director…
Despite Africa not being a top contender in the global decommissioning market, the region holds huge potential for growth as more offshore old and gas fields mature while some of the newly drilled ones turn dry.The region’s top oil and gas producers such as Angola…
Officials from Eni sought to convince a witness, a former Eni manager, to withdraw some statements he made during investigations into a Nigerian corruption case involving the Italian oil group, a court heard on Wednesday.Prosecutor Fabio De Pasquale made the comment in a trial hearing into the case…
The head of Italian oil group Eni has sued a former legal adviser to the company for defamation after excerpts of the lawyer's written testimony relating to a Nigerian corruption case were published in several newspapers on Wednesday.Eni said…
As many as six high impact wells are yet to be completed this year around Africa, after several consecutive low-activity years with only a few positive results.According to the energy research and business intelligence company Rystad Energy…
Oilfield services company Expro said it has been awarded a contract by Pacific Drilling subsidiary Pacific Santa Ana for the provision of an Intervention Riser System (IRS) for PETRONAS’s Chinguetti Field Phase II plug and abandonment (P&A) contract…
Nigeria has a new face at the helm of the country’s petroleum industry regulator, and already he has announced ambitious targets for the next five years. Achieving these goals will have to rely partly on how much investment can be attracted…
Two contracts signed in Saudi Arabia for $3.5 billion by Italy's oil contractor Saipem are part of a shift in the company's strategy to focus more on natural gas, Chief Executive Stefano Cao said on Wednesday.Saipem said on Tuesday it won two…
South Africa’s offshore space is getting busier ahead of the finalization of the country’s oil and gas regulatory framework as more well-endowed exploration firms position themselves for a long-drawn exploration of the country’s under-explored offshore hydrocarbon reserves…
Maritime Developments (MDL) said it has been awarded a follow-up flexible and umbilical installation job offshore West Africa.The work scope is a continuation of the EN-09 project, concluded in April 2019. The project is run by DeepOcean Ghana…
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