Nexon Petroleum Offshore News

 

S. Africa Legislation Could Spur Offshore Investment

Oct 17, 2019

South Africa is committed to fast-tracking the finalization of the proposal to split the pending Minerals and Petroleum Resources Development Bill to have a separate legislation and specific regulatory framework for the oil and natural gas sector…

Qatar Petroleum Takes Over Offshore Oilfields

Oct 07, 2019

Qatar Petroleum has assumed operatorship of the Idd el-Shargi North Dome and South Dome offshore oilfields, the company said in a statement.Development and production sharing agreements with Occidental Petroleum of Qatar Ltd. for both oilfields expired on Oct…

A Gleam of Hope for Kenya’s Offshore

Aug 15, 2019

Kenya’s offshore oil and gas sector has remained underexplored even as the country remains optimistic of making a breakthrough in the search for more hydrocarbons based on recent growth of its upstream operations.The agreement signed last July…

Qatar Petroleum Enters Guyana

Jul 29, 2019

Qatar Petroleum has entered into an agreement with Total for a share of exploration and production rights in two blocks offshore Guyana in Latin America.Under the agreement, which is subject to customary regulatory approvals by the government of Guyana…

McDermott Wins FEED Work from Qatar Petroleum

Jul 11, 2019

McDermott International said it has been awarded a contract by Qatar Petroleum to carry out front-end engineering and design (FEED) work for offshore wellhead platforms, pipelines and cables associated with the North Field Expansion project…

With New Boss, It's Time NNPC Walked the Talk

Jul 11, 2019

Nigeria has a new face at the helm of the country’s petroleum industry regulator, and already he has announced ambitious targets for the next five years. Achieving these goals will have to rely partly on how much investment can be attracted…

Sierra Leone Restarts 4th Licensing Round

May 23, 2019

Sierra Leone has put on a brave face and announced a rehashed package for bidders interested in taking part in its fourth hydrocarbons licensing round that was suddenly put on the ice in September 2018 after a new administration took charge…

African Petroleum Stands on Slippery Ground

May 02, 2019

UK-based exploration and production company African Petroleum continues to lay claim to offshore Block 1A in The Gambia even after the government of this tiny West African country reportedly signed an agreement with oil major BP for the likely lucrative asset…

Qatar Petroleum Wins Exploration Rights Off Argentina

Apr 16, 2019

Qatar Petroleum has won exploration rights in five offshore blocks in Argentina as part of two consortia, the company said in a statement on its website.The consortium for three blocks in the Malvinas West basin is made up of an ExxonMobil affiliate with a 70 percent interest…

DNV GL Extends Contract for Dana Petroleum

Apr 16, 2019

DNV GL has secured a three-year contract across the Dana Petroleum operated assets on the United Kingdom Continental Shelf (UKCS).DNV GL has worked with Dana Petroleum since 2012 with the development of the Western Isles floating production storage and offloading (FPSO) vessel…

Eni, Qatar Petroleum Extend Partnership

Mar 14, 2019

The signing of an acquisition agreement between Italian oil giant Eni and Qatar Petroleum for an offshore asset in Morocco this week has not only reinforced the business partnership of these two oil exploration and production companies but could…

Qatar Petroleum Buys Into Morocco Exploration Blocks

Mar 13, 2019

Qatar Petroleum said on Wednesday it has entered into an agreement with Eni to acquire a 30 percent participating interest in the Tarfaya Shallow Exploration Permit, a series of 12 neighboring offshore blocks along the Atlantic coast of Morocco…

Changing the Rules of the Game in Africa

Jan 24, 2019

Africa's offshore oil and gas potential remains largely unexploited, and 2019 may turn out to be a good indicator on whether countries with shallow-, deep- and ultra-deepwater hydrocarbon resources can make headway in attracting exploration and production investments…

Ghana Exploration Licensing Round Attracts Global Majors

Dec 24, 2018

Sixteen oil and gas firms have submitted applications for one or more of five Ghanaian offshore blocks in the West African country's first exploration licensing round, its energy ministry said.The interest is a major vote of confidence in Ghana…

Egypt Okays BP, Mubadala Acquisition of Stake in Eni's Noor Concession

Dec 10, 2018

Egypt’s petroleum ministry has signed an agreement for UK Petroleum giant British Petroleum (BP) and UAE investment fund Mubadala to buy a 45 percent stake in the country's Noor offshore natural gas concesion in the Mediterannean from Italy’s Eni…

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