French oil major Total has struck a deal with Perenco to sell its interest in seven offshore oil fields in Gabon.Total said Thursday that its 58% owned affiliate Total Gabon had signed an agreement with Perenco to divest its stakes in seven mature non-operated offshore fields…
Tullow Oil said on Wednesday it was set to book $1.4-1.7 billion in impairments before tax in its half-year results, as it follows larger rivals in lowering its oil price forecasts.Tullow, which had a market capitalization of around $508 million after markets closed on Tuesday…
Italian oil and gas giant Eni, along with partners Total and BP, has made a gas discovery in the Mediterranean Sea, offshore Egypt.The discovery was made at the Bashrush well on the Eni-operated North El Hammad license, located eleven kilometers off the Egyptian coast…
LR has appointed Mike Holliday as Marine & Offshore president for South Asia, the Middle East, and Africa (SAMEA).In his new role, Holliday will lead LR’s Marine and Offshore operations across SAMEA, primarily based in Singapore, and be responsible…
Australia's Woodside Petroleum said on Tuesday it is considering blocking Russia's Lukoil from becoming a partner in the $4.2 billion Sangomar oil project, which it could do by increasing its stake in Senegal's first oil development.Woodside…
Nigeria's Lagos Deep Offshore Logistic Base, LADOL, serving the country's offshore oil and gas industry, now has a new crane in operation - Mammoet Terminal Crane (MTC 15).LADOL and Mammoet had in January signed a partnership agreement aimed…
Russian oil company Lukoil has signed an agreement with Cairn Energy to acquire a 40% interest in the Rufisque, Sangomar and Sangomar Deep) - RSSD - project offshore Senegal for $300 million in cash. The agreement also provides for potential…
Seismic data company ION Geophysical has announced its first 3D multi-client program in Mauritania in partnership with the country's Ministry of Petroleum, Mines and Energy (MPME). ION will integrate and reimage ~24,000 sq km of MPME-held 3D data and says it can expand the scope to include ~15…
Italian prosecutors have asked for oil majors Eni and Shell to be fined and some of their present and former executives, including Eni CEO Claudio Descalzi, to be jailed in a long-running trial over alleged corruption in Nigeria.In one of the oil industry's biggest alleged scandals…
London-listed oil company Chariot Oil & Gas has informed that Larry Bottomley, CEO, has stepped down from the company with immediate effect.The company, with operations in Morocco, Namibia, and Brazil, said Tuesday that Adonis Pouroulis, currently Non-Executive Director and founder…
Norwegian floating production vessel provider BW Offshore has received a one-year contract extension for the lease and operation of the FPSO Petróleo Nautipa. The FPSO, deployed at the Etame field offshore Gabon for VAALCO Energy, will now have a contract until the third quarter of 2022…
London-listed Zenith Energy has applied for an extension of the Tilapia license term in the Republic of the Congo, which expired on July 18, 2020.Zenith's subsidiary in Congo, AAOG Congo continues to operate the Tilapia oilfield on an interim…
French oil major Total has signed a $14.9 billion senior debt financing agreement for its massive liquefied natural gas (LNG) project in Mozambique, the biggest project financing ever in Africa, it said on Friday.The project includes the development…
Oil prices eased on Thursday after OPEC and allies such as Russia agreed to taper record supply curbs from August, though the drop was cushioned by hopes for a swift U.S. demand pick-up after a big drawdown from the country's crude stocks.Brent crude fell 33 cents…
Australia's FAR Ltd said on Thursday it has received a 'good level of interest' in the sale of its 15% stake in the $4.2 billion Sangomar oil and gas project being developed off Senegal.FAR said in March it had failed to secure debt to fund…
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