Offshore Africa News - page 7

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…

ENI CEO Might Step Down if Found Guilty of Corruption

Jan 27, 2020

Italian oil group ENI's Chief Executive Claudio Descalzi could step down if he is found guilty by an Italian court of corruption in Nigeria, he told the Wall Street Journal.Descalzi is one of the defendants in a case over the alleged payment of bribes to facilitate a $1…

Lekoil Gets Breathing Space

Jan 22, 2020

Nigerian oil company Lekoil has been given more time to find funds it needs to contribute for the drilling operation at the OPL 310 block in Nigeria, following a recent funding fiasco with unnamed scammers.Lekoil was required to pay Optimum Petroleum…

Panoro, Vaalco Make Progress Offshore Gabon

Jan 22, 2020

Gabon looks to be on its way to achieving the projected 50% increase in crude oil production in the next one year if the positive result from offshore wells development, by two of the leading international oil companies operating in the country…

Edison Spuds Egypt Offshore Well

Jan 22, 2020

Oil and gas exploration firm Edison has reportedly started drilling operations at its North Thekah concession offshore Egypt.According to what appears to be Edison's press release circulated online, Edison started drilling on January 18, 2020 in the Mediterranean Sea block…

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