Offshore Africa News - page 6

Tullow to Axe a Third of Its Workforce

Feb 05, 2020

Tullow Oil plans to cut a third of its staff to slash its administration costs by a fifth, or around $20 million, a source with direct knowledge of the matter said, after weak output in Ghana, delays in East Africa and lower-than-hoped-for oil quality in Guyana…

Most High-Impact Wells in 2020 to be Drilled in Africa & Americas

Feb 05, 2020

The majority of high impact offshore exploration wells in 2020 will be drilled in Africa and the Americas, Rystad Energy, an energy research group based in Norway has said.Rystad Energy rates wells as high-impact by an assessment of several factors…

UPTIME Wins Access Solutions Deal for BP's Tortue Ahmeyim Project

Feb 05, 2020

UPTIME International has been awarded a contract to provide access solutions for BP's Tortue Ahmeyim project offshore Mauritania and Senegal.The contract, awarded by Eiffage Génie Civil Marine, is for the supply of access solutions for the LNG…

Cameroon: New Age Signs Etinde Gas Sale LoI

Feb 05, 2020

New Age, the operator of the Etinde gas and condensate field offshore Cameroon, has signed a letter of intent with Victoria Oil & Gas for the supply of gas from the field.According to Bowleven, a partner in the Etinde field, the letter of intent…

Churchill Boasts 'Record-Breaking' Entry into Egyptian Market

Feb 04, 2020

Churchill Drilling Tools, oilfield services firm specializing in drilling equipment has entered the Egyptian offshore oil and gas market after an undisclosed operator ran five Churchill tools in its drill-string.'Egypt is just one of a number…

Tower Resources Begins Cameroon Survey Ahead of Drilling

Feb 04, 2020

London-listed Tower Resources has started the site survey at its Thali license offshore Cameroon, ahead of the planned drilling operation at the NJOM-3 well.Tower Resources said Tuesday that the Geoquip Marine geotechnical drillship vessel MV…

Aker Energy Names New Ghana Country Director

Jan 31, 2020

Norwegian oil company Aker Energy has named Kadijah Amoah as Country Director for its business in Ghana. The company explained the appointment as part of its strategy to strengthen its local presence and management in Ghana. Aker Energy holds…

Nigeria: Arrest Warrant Out for Ex-Oil Minister

Jan 31, 2020

Lawyers representing former Nigerian oil minister Dan Etete told Reuters on Friday it was 'incredible' that a court had issued a warrant for his arrest in relation to a $1.3 billion oil deal scandal nine years after it was struck. Economic and…

Why Senegal's Offshore Licensing Round is Significant

Jan 29, 2020

The long awaited first ever offshore licensing by Senegal has finally been launched as the West Africa country inches closer to achieving its national medium- and long-term hydrocarbon sector investment plan and drive to transform the upstream resource into a source of clean electricity generation…

BW Offshore Shaves Off BW Energy IPO Valuation

Jan 29, 2020

BW Offshore has slightly reduced the valuation of its planned oil and gas spin-off, the Oslo-listed company said as it presented details for the initial public offering on Wednesday. The valuation of BW Energy was shaved to a range of between $700 million and $750 million…

Energean Excludes Algeria from Edison E&P Buy

Jan 29, 2020

Algeria has definitely been excluded from Energean's pending acquisition of Edison E&P.The Greek oil and gas company in July last year agreed to buy Italy-based Edison's oil and gas subsidiary Edison Exploration & Production for an initial consideration of $750 million…

Egypt Inks Exploration Deals with Exxon

Jan 28, 2020

Egypt has signed two deals with Exxon Mobil Corp for oil and gas exploration in the Mediterranean, the petroleum ministry said on Tuesday. The deals involve a minimum investment of $332 million, the ministry said in a statement. Exxon Mobil announced the acquisition of more than 1…

SeaBird Clinches Two OBN Surveys in W. Africa

Jan 27, 2020

Norwegian marine seismic acquisition company SeaBird Exploration has received a letter of award for the provision of source vessel services.The letter of award follows SeaBirds November 2019 announcement when the company said it had received…

Offshore Helicopter Firms NHV, TAL in Nigerian Team-Up

Jan 27, 2020

Belgium-based offshore helicopter provider NHV Group has partnered up with Tropical Arctic Logistics Ltd (TAL), a Nigerian subsidiary of Baywood Integrated Group, specialized in logistics and flight services.The partnership will jointly pursue…

VAALCO Targets M&A for Growth

Jan 27, 2020

Africa-focused oil company VAALCO Energy has appointed William R. Thomas as president to help its M&A ambitions.VAALCO said: 'The Board believes the appointment of an experienced executive, with a commercial background in investment banking and proven track record for M&A-led value creation…

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