Offshore Africa News

 

Aker Energy Eyes IPO

Feb 14, 2019

Norwegian oil company Aker said on Thursday that its exploration start-up in Ghana will submit development plans to Ghanaian authorities in March and the parent will then decide whether to sell stakes via an initial public offering or other means…

Nigeria Plan for Local Firms Stands on Shaky Ground

Feb 14, 2019

Nigeria's Ministry of Petroleum Resources has recently reiterated its intention to push for an increase of the share to the national crude oil production from indigenous oil and gas companies to 30% in the short-term, but it is not definite…

Aker Energy Eyes FPSO for Ghana Project

Feb 13, 2019

Ocean Yield announced Tuesday that it has entered into an agreement with Aker Energy for the option to bareboat charter the floating production, storage and offloading unit (FPSO) Dhirubhai-1 for a period of 15 years. If the option is exercised…

Tullow Oil Returns to Net Profit

Feb 13, 2019

Africa-focused Tullow Oil reported its first annual net profit in five years on Wednesday and said it would resume dividends with a 4.8 cent per share payout as it sets its sights on East African projects and drilling in Guyana.As flagged in November…

Dana Gas to Drill off Egypt in April/May

Feb 12, 2019

Dana Gas will begin drilling this year in an area it says could become Egypt's next giant Mediterranean gas field, after seismic data pointed to reserves as large as 20 trillion cubic feet.That data will be put to the test beginning in April or May…

Shell, Eni, Exxon Win Concessions in Egypt

Feb 12, 2019

Royal Dutch Shell, Eni, BP and Exxon Mobil were among winners of Egypt's international tender for oil and gas exploration on Tuesday, with 12 concessions awarded in total.It marks Exxon Mobil's entry into gas exploration in Egypt, while Shell…

Telford Offshore Adds Seven Vessels

Feb 11, 2019

Dubai headquartered offshore service company Telford Offshore said it has acquired an additional DP3 pipelay and accommodation vessel, and six offshore support vessels following a legal settlement between Sea Trucks Group (STGL in liquidation) and West African Ventures (WAV)…

Giza and Fayoum Gas Fields Come Onstream

Feb 11, 2019

BP on Monday announced first gas production from the second stage of its West Nile Delta development offshore Egypt, marking the second start-up in a string of new upstream projects expected to be brought on line by the supermajor in 2019.The project…

Total Scores in Second Try Offshore S.Africa

Feb 07, 2019

Four years after French major Total SA suspended the search for natural gas off the Southern coast of South Africa, it was good news this week for the company's shareholders and partners when the exploration and production giant announced the successful drilling of its Brulpadda well…

Equatorial Guinea to Offer Ophir's Old Blocks

Feb 05, 2019

Equatorial Guinea will offer offshore Block R with the related Fortuna gas development project in the April licensing round, after the concession was reclaimed from Ophir Energy Plc, the oil minister said on Tuesday.Gabriel Obiang Lima told…

Eni Continues High-speed Gulf Drive

Feb 01, 2019

In less than 12 months Eni CEO Claudio Descalzi has turned the Middle East from a sideshow to a strategic hub for the Italian energy major. And the shift is not over.Since last March the 63-year-old has clinched nine deals in the United Arab Emirates…

Anadarko, CNOOC Ink Mozambique LNG Deal

Feb 01, 2019

Anadarko Petroleum Corp said on Friday a long-term agreement had been signed with the trading division of China's state-owned offshore oil and gas producer CNOOC Ltd to supply liquefied natural gas (LNG) from Mozambique.The deal will bring it…

Tanzania Offshore Puts Off Potential Suitors

Jan 31, 2019

Tanzania could be preparing for yet another licensing round of its offshore oil and gas blocks in the second quarter of 2019, more than four years after the last auction did not yield the anticipated results on the back of the country's complex regulatory regime…

Total Plans Biggest Exploration Drive in Years

Jan 29, 2019

Total is launching its biggest exploration campaign for years in 2019 as part of a turnaround plan that is ditching the company's focus on risky long-shots in favor of areas known to contain commercial levels of oil or gas.The French major aims to drill 23 wells this year…

Polarcus Awarded 3D project in West Africa

Jan 28, 2019

Offshore geophysical company Polarcus said it has been awarded a contract for a 3D marine seismic acquisition project in West Africa.The project will commence in the first quarter of 2019 with an approximate duration of six weeks.

Current News

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OGA Grows Collaboration with Renewables

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Gardline Surveying for i3

Archer CEO Lechner Resigns

Archer CEO Lechner Resigns

Aker BP Restructures Safe Scandinavia Options

Aker BP Restructures Safe Scandinavia Options

Mexico Could Pay Pemex Debt from Stabilization Fund

Mexico Could Pay Pemex Debt from Stabilization Fund

Decommissioning Activity High

Decommissioning Activity High

Nigeria Aims to Cut National Oil Company Shareholding

Nigeria Aims to Cut National Oil Company Shareholding

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