Offshore Africa News


Kosmos to Sell Down Mauritania-Senegal Stakes

May 06, 2019

Oil and gas company Kosmos Energy Ltd said on Monday it has started a formal process to sell down its interest in the Mauritania-Senegal basin to around 10 percent and expects bids by the end of the summer.The company said in February it had…

Oxy Would Sell Anadarko’s Africa Assets to Total

May 05, 2019

France's Total SA said on Sunday it has agreed with Occidental Petroleum Corp to acquire the African assets of Anadarko Petroleum Corp for $8.8 billion, should the two U.S. oil and gas companies clinch a deal to combine.The agreement with Total…

African Petroleum Stands on Slippery Ground

May 02, 2019

UK-based exploration and production company African Petroleum continues to lay claim to offshore Block 1A in The Gambia even after the government of this tiny West African country reportedly signed an agreement with oil major BP for the likely lucrative asset…

New Sonatrach CEO: Foreign Partnerships Essential

May 01, 2019

Algeria's state energy company Sonatrach wants to develop its partnerships with foreign firms to boost output and exports, its new chief executive said on Wednesday, comments that could reassure investors a week after his appointment.Algeria…

Gambia Inks Oil Exploration Deal with BP

Apr 30, 2019

BP has signed a deal to explore for oil and gas off Gambia's coast in a potential economic boon for the tiny West African country, although another producer says it owns the rights to the same licence.BP was awarded the licence to the A1 block…

Aker Completes Appraisal Drilling off Ghana

Apr 29, 2019

The offshore oil and gas operator Aker Energy Ghana, as the operator of the Deepwater Tano Cape Three Points (DWT/CTP) block, announces that is has concluded its appraisal drilling campaign offshore Ghana.The Company is currently working on a revised Plan for Development and Operations (PDO)…

Maersk Wins FPSO Mooring Work

Apr 25, 2019

Maersk Supply Service said it has been selected to deliver an integrated floating production storage and offloading (FPSO) mooring installation and replacement solution for an American oil major in the Gulf of Guinea. The offshore services company…

Tullow Oil Cuts Output Guidance

Apr 25, 2019

Tullow Oil downgraded its 2019 output guidance to 90,000-98,000 barrels of oil per day (bpd) due to problems at its Ghana fields and sees final go-aheads for its Uganda in the second half while its Kenya project timeline was 'ambitious'.'(Ghana)…

ExxonMobil Adds Acreage Offshore Namibia

Apr 24, 2019

ExxonMobil has grown its footprint in the deep waters offshore Namibia, adding approximately 28,000 square kilometers of exploration acreage in in the frontier region, the supermajor said on Wednesday.ExxonMobil said it signed an agreement with…

Sonangol Plans to Downsize

Apr 22, 2019

Angola's state oil company Sonangol plans to divest 52 joint ventures, reduce staff and focus on its core business, part of an ongoing reorganization and package of reforms designed to lure back investors, its chairman said on Friday.'We are going to sell…

Sudan Coup Puts Oil Plans in Disarray

Apr 18, 2019

The collapse of the regime of former Sudanese President Omar al-Bashir is likely to jolt the country's oil sector and could leave in disarray earlier approved plans to open up the country's offshore blocks in the Red Sea basin for exploration…

Algeria: From Political Turmoil Comes Opportunity

Apr 11, 2019

The ongoing political turmoil in Algeria threatens to delay even further the planned offshore oil and gas exploration projects that the country is betting on to reverse the declining oil and gas output especially from maturing onshore fields…

CGG Completes 2D Survey Offshore Gabon

Apr 10, 2019

French-based geophysical services company CGG said it has completed acquisition of 9,800 km long-offset broadband 2D multi-client seismic survey in the highly prospective Gabon South Basin.Fast-track data sets will be delivered in batches from the end of April…

Eni Slander Probe Could Prompt Management Changes

Apr 05, 2019

Italy's Eni has carried out internal audits in a slander case relating in part to a Nigeria corruption scandal, and a source with knowledge of the matter said the review could prompt some management changes at the oil major.Eni and its Anglo…

Harvey Gulf Branches Out Internationally

Apr 04, 2019

Since committing to go global in September 2018, US based Harvey Gulf said on Thursday it has been awarded contracts in Mexico, Trinidad, Guyana and Suriname.The company noted it also has bids for work in Mozambique, Angola, Senegal, Israel…

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