BP and the Area 4 concession partners, Eni East Africa (EEA), Galp Energia (Galp), Kogas and Empresa Nactional de Hidrocarbonetos (ENH), entered into a sales and purchase agreement for BP to purchase 100% of the liquefied natural gas (LNG)…
CGG and Eidesvik Offshore have agreed to terminate the contract for the Viking Vision vessel effective immediately. The contract was due to end at the end of July 2017. According to Eidesvik, the payment of the charter rate will continue until July 2017…
Geoscience firm Spectrum is to carry out a long-offset Broadband 2D multi-client seismic survey covering the southern Rovuma and north-eastern Zambezi Basins, offshore Mozambique. The survey will be a variable grid with lines spaced from 10km to 20km…
The market for floating production systems may have stalled, but FPSs will still be a key part of the offshore technology tool kit, outlines Douglas-Westwood’s Ben Wilby. The FPSO Cidade de Saquarema…
The heads of Chinese oil firm CNPC and Mozambique's state oil firm ENH have signed a cooperation framework agreement over work in the oil and gas exploration and production market. CNPC is a partner in the Eni-operated Block 4, offshore…
Rystad Energy’s new report claims that there is hope in the oilfield service industry despite the current downturn, with an expected US$30 billion growth to be seen in the next two years. Closed and abandoned service markets as well as…
Laurentino Rangel, a consultant with Poten & Partners, provides an overview of current floating LNG projects around the globe. PFLNG SATU. Photo from Petronas. A floating LNG…
This year, the deepwater drilling record could be broken not just once, but twice, breaking the last record, set back in 2013. Elaine Maslin takes a look. Total’s Raya-1 well is due to be drilled offshore Uruguay using Maersk Oil’s ultra…
Ultra-deepwater exploration on the Atlantic margin could be the opportunity the offshore industry is looking for, according to geoscience firm Spectrum. Elaine Maslin reports. Maersk Venturer drillship…
The first development offshore Mozambique in the Rovuma basin has been given the thumbs by the country's government. Eni is planning a six-well subsea to 3.4 MTPA floating LNG development for the Coral discovery, in Area 4 in the Rovuma basin…
Anadarko is reducing its capital investments by nearly 50%, and plans to monetize up to US$3 billion of assets, as the company focuses on its offshore assets in the Gulf of Mexico, and off Africa. Mozambique operations…
35 offshore projects and 100 rig years have slipped after the oil price collapse. Oddmund Føre, Analyst, Rystad Energy, explains. The market for oilfield services is hurting and offshore drilling is no exception. The global market for…
After completing the world’s first wet gas compressor offshore Norway, OneSubsea looks to continue pushing the technology to new limits. The multiphase compressor station during installation. Photos from OneSubsea…
Anadarko and Eni inked a unitization and unit operating agreement (UUOA) to develop 24 Tcf of natural gas reserves from two blocks offshore Mozambique. Image of Mozambique operations, from Anadarko…
Anadarko Petroleum posted a full year net loss of nearly US$7 billion, with the anticipation of cutting its initial 2016 budget by some 50%. Mozambique operations. Image from Anadarko. For Q4…
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