Offshore Africa News

 

Wood Group Kianda

Jan 10, 2012

Wood Group has launched a new company in Luanda in joint venture with its Angolan business partner Amílcar Nascimento. Wood Group Kianda, through which sister companies Mustang, Kenny and PSN will provide their services, kicks off with a contract…

Counting the cost of outsourcing

May 01, 2011

In the past decade, the oil & gas industry has been effective in finding new resources, but much less successful in bringing new supplies onstream. That was the verdict of Eni E&P executive vice president Antonio Vella, addressing this year's Offshore Mediterranean Conference in Ravenna…

Flaring wastes 5% of world's gas

May 01, 2011

A new report estimates flaring of unused gas wastes about 5% of the world's annual production while emitting 400 million metric tonnes of CO2 per year. GE's Flare Gas Reduction: Recent Global Trends and Policy Considerations report estimates…

A 'bit of Irish luck' in Africa

Apr 01, 2011

Differing perspectives on the African exploration & production scene were offered during IP Week in London last month, with Tullow Oil and Afren describing their respective approaches to the continent and Equatorial Guinea's energy ministry updating the republic's offshore developments to date…

Rig market - April 2011

Apr 01, 2011

Worldwide, the mobile offshore drilling fleet has kept between 500 to 550 rigs under contract over the past two years. Recent overall utilization remains at a two-year low of 68% or 507 rigs working. However, tendering activity has been on the…

Stormy waters: will PIGS ever fly again?

Mar 02, 2011

Recent events in North Africa provide a stormy backcloth to the Offshore Mediterranean Conference (OMC) in Ravenna 23-25 March, but the region nonetheless remains a highly prospective one for the offshore sector especially with Noble beginning to unlock the treasures of the Levantine Basin…

Spec build FPSOs: dangerously risky

Feb 02, 2011

Floating systems consultant Peter Lovie pinpoints some of the perils of speculative FPS building and wonders if the practice may now have become just too risky for operators or contractors to consider.In the service vessel business and in the…

Safe passage for Sonangol crews

Feb 02, 2011

With a year of incident-free operation in West Africa under their belt, Steve Douglas and David Brittan reckon combining the first CrewZer-class vessel with the latest Frog transfer devices has produced arguably the industry's safest crew supply…

What is the lay of the land as TGS is turfed off?

Oct 26, 2010

All dressed up and nowhere to go is never a good feeling. But that's exactly what has just happened to − of all companies − TGSNopec. The acknowledged maestro of the multiclient seismic survey business last month put out a terse statement that…

Safeguarding rig integrity

Oct 26, 2010

When setting out to reshape itself from a jack-of-all-trades drilling contractor to one with a deepwater future, Pride International realized it had to do more than simply change up its fleet. With deepwater assets tending to feature longer contract cycles than shallow and mid-water rigs…

Rig market - September 2010

Sep 01, 2010

OE ’s analysis of current rig market data is updated monthly using statistics provided by Rigzone.comWorldwide utilization for the mobile offshore drilling fleet continues to hover in the 74-76% range. The recent softness seen in utilization…

Handling the low-gravity solids overload

Sep 01, 2010

Conventional solids control methods are inadequate to manage low-gravity solids smaller than 8-10 microns. M-I Swaco’s Rich Cook discusses a new solution, recently successfully employed in West Africa, that helps manage these solids while keeping excess rig space to a minimum…

Nigeria closes in on oil reforms

May 20, 2010

Nigeria’s controversial oil reforms, long in the works, appear close to passage. The government hopes to shore up falling production and get a bigger share of oil profits. But IOCs doing business in the Delta are wary, as Russell McCulley reports…

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