Senegal is expected to achieve unprecedented economic growth of 13.7% in 2023, thanks to the development of new oil and gas fields, President Macky Sall said on Tuesday.Oil was discovered in Senegal in 1961, but reserves big enough for commercial exploitation have been found only in recent years…
Nigeria's long-awaited oil reform bill would privatize the Nigerian National Petroleum Company (NNPC), amend changes to deepwater royalties made late last year and scrap key regulatory agencies in favor of new bodies, a copy of the bill seen by Reuters showed…
Australian oil and gas operator Woodside has signed a contract with Norway's drilling equipment firm Enhanced Drilling to equip its Senegal-bound drillships with EC-Drill controlled mud level system.In Senegal, Woodside is working to bring online Senegal's first offshore oil development Sangomar…
Norwegian oil company Aker BP has signed a drilling contract with Odfjell Drilling.The contract is for the use of Odfjell Drilling's 2010-built Deepsea Stavanger semi-submersible drilling rig.The rig is currently employed by the French oil major Total in South Africa on a $438…
Oslo-listed offshore vessel and services company DOF Subsea has won an integrated Field Support Vessel (FSV) contract with an international oil company in Angola. DOF Subsea will deploy its Skandi Seven vessel for a minimum of 303 firm vessel days plus 365 days of options…
In 1973, Arab members of the Organization of Petroleum Exporting Countries brought the U.S. economy to its knees. Now, the cartel created 60 years ago is more likely to do Washington's bidding.Since Saudi Arabia and other Arab OPEC members imposed their famous oil embargo as retribution for U…
Nigeria asked a Milan court on Wednesday to order Eni and Royal Dutch Shell to pay $1.092 billion as an immediate advance payment for damages it is claiming in one of the oil industry's biggest-ever corruption trials.At a hearing into alleged…
Oil and gas company Kosmos Energy said Wednesday it had agreed to sell some of its frontier exploration asset interests to Shell for up to $200 millionShell will acquire Kosmos’ interest in blocks offshore São Tomé & Príncipe, Suriname, Namibia…
Norwegian seismic data acquisition firm PGS has completed a large seismic survey offshore Angola using the 2008-built Ramform Sovereign vessel.The 2020 PGS Namibe Basin survey connects the 3D seismic coverage of southern Angola with PGS seismic data library coverage in Namibia…
Chariot Oil & Gas has informed that its Lixus offshore license in Morocco which contains the undeveloped Anchois gas discovery, could hold more gas than previously thought.Chariot said Monday it had completed the reprocessing of 3D seismic data across the license…
Australian oil and gas giant Woodside has signed binding agreements with Cairn for the acquisition of Cairn's 40 percent interest in Woodside-operated offshore oil blocks in Senegal.The firm deal, announced Friday, comes after Cairn had in July agreed to sell its interest in the Rufisque Offshore…
French oil giant Total has hired marine seismic surveyor Shearwater GeoServices for a 3D survey project in Mauritania.The Norway-based seismic acquisition company said Friday that the contract was for a large towed streamer 3D acquisition and Fast Track processing project…
Africa's second-biggest oil exporter, Angola, has unveiled a 2020-2025 energy roadmap which foresees oil discoveries of up to 57 billion barrels of crude oil and 27 trillion cubic feet of gas, state news agency ANGOP reported.The plans involve…
Oslo-listed offshore seismic acquisition company Polarcus has won a new contract in Africa.The seismic vessel fleet owner said Thursday that the survey in West Africa under the newly awarded contract would start in October 2020.The XArray marine…
FAR, an Australian oil and gas company with a share in the $4.2 billion Sangomar oil and gas field in Senegal, will not stand in the way to its partner Cairn divesting its stake in the project.Namely, Cairn last month agreed to sell its 40% ownership in the Woodside-operated Rufisque…
Subscribe
