Nigeria has sweetened the terms of a sweeping oil reform bill in a bid to attract much-needed investment to its oil industry, four people closely involved with the legislation said and a letter from oil companies, seen by Reuters, showed.The…
Oil and gas company BW Energy has started an offshore drilling campaign in Gabon with the spud of the Hibiscus extension appraisal well, using Borr Drilling's Norve jack-up drilling rig.The campaign is a three-well program on the Dussafu license…
Petronas' Gabon subsidiary PC Gabon Upstream has chartered Maersk Drilling's deepwater drillship for one exploration well in Gabon.Maersk Drilling will supply the 2013-built Maersk Viking drilling rig which PC Gabon Upstream will use to drill an ultra-deepwater exploration well at approximately 2…
Australia's oil and gas explorer FAR Ltd on Thursday postponed a vote on the sale of its stake in an oil project off Senegal for the third time while investors study a takeover offer from private investment firm Remus Horizons.Remus' A$209.6 million ($161…
French oil major Total has decided to postpone its application for additional drilling in a South African offshore gas block, a letter seen by Reuters from the consultancy conducting the environmental and social assessment showed.The delay is…
Private investment fund Remus Horizons has launched a conditional takeover offer for the Australian oil company FAR, which owns a stake in the RSSD offshore area in Senegal, containing the Sangomar offshore oil development.FAR has recently agreed to sell its stake in the Sangomar to Woodside…
Oil and gas investment company ADM Energy which in March agreed to invest in the development of the Barracuda oil field in OML 141, an existing discovery and near-term production asset in swamp/shallow waters offshore Nigeria, has signed a…
Africa-focused oil company Vaalco Energy has named George Maxwell as Chief Executive Officer effective April 12, 2021. Cary Bounds who has served as Chief Executive Officer since 2016 will leave Vaalco to pursue other interests.Maxwell, who…
Marine seismic data company ION Geophysical has said it has secured an exclusive agreement for 3D multi-client programs offshore Kenya, an underexplored province that has yet to produce its first offshore oil. The agreement includes both 3D…
Danish offshore drilling company Maersk Drilling on Thursday confirmed a long-term contract with Tullow Oil for its Maersk Venturer drillship off Ghana.The firm contract following the previously agreed conditional letter of award, and includes…
Egyptian oil and gas company Petrobel, a joint venture between EGPC and Eni, has awarded a two-year contract to marine engineering consultancy LOC for the provision of marine warranty services to support Petrobel’s offshore assets.LOC, part of AqualisBraemar LOC Group…
Italian oil and gas company Eni has made a new light oil discovery in Block 15/06, in Angola’s deep offshore. Eni said Tuesday that the well was drilled on the Cuica exploration prospect located inside the Cabaça Development Area and close to the Armada Olombendo FPSO (East Hub)…
Qatar Petroleum has signed a deal with oil major Shell to become a partner in two exploration blocks offshore Namibia.Under the deal, for which financial details were not disclosed, Qatar Petroleum will hold a 45% participating interest in the…
Oil and gas company Tullow Oil on Tuesday said it was starting a multi-year, multi-well drilling campaign offshore Ghana.The campaign started with the start of drilling of the first well at the Jubilee offshore field on Monday.Maersk Drilling's…
The conversion of a VLCC into an FPSO bound for Woodside's Sangomar project in Senegal has recently kicked off in China, the Australian oil firm said in a recent report.The 323 meters-long very large crude carrier (VLCC) Astipal in February arrived in China…
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