ExxonMobil acquires 75% stake in Durban BasinTugela South Exploration RightExxonMobil is set to explore the deepwater Durban Basin offshore South Africa after acquiring 75% stake in the Tugela South Exploration Right, the company announced on 17 December 2012…
ExxonMobil Exploration and Production South Africa Ltd. will soon begin exploration activities offshore South Africa. The ExxonMobil affiliate signed an agreement with Impact Africa Ltd. (Impact), a subsidiary of Impact Oil & Gas Ltd…
In October 2012, the government of the Comoros Islands issued a statement that only one company, Mozambique Channel Discovery Ltd. (MCD), a subsidiary of Luxembourg-based Boulle Mining Group, has oil and gas exploration and production rights throughout the territorial waters of the Comoros…
Stena DrillMaxNo commercial find at Tullow’s Zaedyus-2 well Drilling at Tullow's Zaedyus-2 appraisal well has been completed offshore French Guiana, the company announced on 4 December 2012.The well, drilled 5km up-dip from the Zaedyus-1 discovery by the Stena DrillMax…
BurundiGAC UK & GAC-Seaforth have overcome challenges to complete the successful delivery of a complex collection of cargo to Lake Tanganyika, Burundi, to support Surestream Petroleum (UK)'s explorations in Africa.Independent oil exploration company Surestream Petroleum Ltd…
Kenya mapTullow's Twiga South-1 exploration well in Block 13T, onshore Kenya, has encountered oil, the company confirmed 26 November 2012.Twiga South-1 has encountered 30m of net oil pay with further potential to be assessed on test and…
Smit Lamnalco has renewed its marine support services contract with oil major Shell in Gabon, in a deal that has triggered investment in three auxiliary vessel newbuildings.The five year contract renewal extends an uninterrupted relationship…
Tullow has reached an agreement for 40% operating interest in Houston-based Hyperdynamics' offshore Guinea concession, the two companies announced on 20 November 2012.In late October, Tullow expressed interest in joining the concession. Hyperdynamics…
Total has finalized an agreement to sell its 20% contractor interest in OML 138 block to a wholly owned subsidiary of China Petrochemical Corporation (Sinopec), for approximately US$2.5 billion in cash, the company announced on 19 November 2012…
The ultra-deepwater drillship Pacific Khamsin has been awarded a contract by a wholly-owned indirect subsidiary of Chevron Corporation for operations in West Africa, the ship's owner Pacific Drilling announced on 16 November 2012.The minimum…
A subsidiary of Seadrill has entered into an agreement with Songa Offshore to acquire the ultra-deepwater semi-submersible rig Songa Eclipse for a consideration of US$590 million.The rig was delivered from the Jurong Shipyard in Singapore in 2011…
Girassol FPSOTechnip has won an EPIC contract for the second phase of Total E&P Angola's Girassol Resoucres Iniatives (GirRI) project, the company announced on 13 November 2012.Technip will provide project management, engineering, fabrication…
The Shell Petroleum Development Company of Nigeria Ltd (SPDC) has shut down the Imo River Trunkline in its Eastern operations after it found several crude theft points on the facility. Production of some 25,000 barrels of oil per day is deferred…
SPDC, a subsidiary of Royal Dutch Shell, has completed a sale of its 30% interest in Oil Mining Lease 30 (OML 30) in the Niger Delta to Shoreline Natural Resources Limited for $567 million.The company said the divestment is part of a plan to reshape SPDC's onshore portfolio…
EMAS has secured two contracts with South Korean clients worth a combined total of approximately US$200 million.EMAS' subsea division (EMAS AMC) was awarded an EPCIC contract in Asia by STX Offshore & Shipbuilding Co. Ltd for the engineering…
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