Offshore Africa News - page 4

 

Tullow Wraps Sale of E. Guinea Offshore Fields to Panoro

Mar 31, 2021

Oil and gas company Tullow Oil has completed the sale of its assets in Equatorial Guinea to Panoro Energy, from which it had earlier on Wednesday received a payment of $88.8 million.The transaction also includes contingent cash payments of up…

Tower Resources Gets License Term Extension in Cameroon

Mar 31, 2021

Africa-focused oil firm Tower Resources has received an extension of the first exploration period at its Thali license offshore Cameroon.It said Wednesday that the Government of the Republic of Cameroon had notified its subsidiary in Cameroon…

'Supermajor' Taps PGS for 3D Survey Offshore Egypt

Mar 30, 2021

Norwegian marine seismic data company PGS has said it has won a contract for a high-fidelity 3D exploration program by a supermajor offshore Egypt. Without sharing the identity of the client, apart from saying it is a supermajor, PGS said Tuesday…

Eni's Request to Settle Congo Republic Oil Probe Accepted by Judge in Italy

Mar 25, 2021

An Italian judge accepted on Thursday a request filed by energy group Eni with prosecutors to pay 11.8 million euros ($14 million) to settle an investigation into oil permits in Congo Republic.'Eni reiterates that is pleased that the Milan Court…

Total to Resume Work at $20B LNG Project in Conflict-hit Mozambique

Mar 24, 2021

Total will gradually resume construction at its $20 billion liquefied natural gas development in northern Mozambique after working with the government to increase the site's security, the French oil major said in a statement on Wednesday.Total…

BV Completes Classification of Ghana's LNG Floating Regasification Unit

Mar 22, 2021

Bureau Veritas (BV), a testing, inspection, and certification body, has completed the classification of the Torman LNG floating regasification unit (FRU) at Tema port, Ghana in sheltered waters.The unit is combined with a floating storage unit (FSU) for the delivery of gas to onshore consumers…

Vaalco's CFO to Retire

Mar 19, 2021

Africa-focused oil and gas firm Vaalco Energy said Friday its Chief Financial Officer Elizabeth Prochnow has elected to retire effective March 31, 2021.  Vaalco said that Prochnow's departure was not related to any issues regarding strategy…

Eni Moves to Settle Congo Republic Oil Permit Probe

Mar 18, 2021

Italian energy group Eni has filed a request with Milan prosecutors to pay 11.8 million euros ($14 million) to settle an investigation into oil permits in Congo Republic, two sources familiar with the matter told Reuters on Thursday.The sources…

Tullow Shareholders Approve Sale of E. Guinea Assets to Panoro

Mar 18, 2021

Tullow Oil shareholders on Thursday approved the sale of the company's assets in Equatorial Guinea to Oslo-listed Panoro Energy.As announced in February, Tullow agreed, subject to certain conditions, to sell its subsidiaries with assets in Equatorial…

Ashtead Technology, OAP Win Offshore Work with Total in Angola

Mar 18, 2021

UK-based subsea technology and services specialist Ashtead Technology said Thursday it had entered into a cooperation agreement with Angola-based inspection and asset integrity company, OAP, and revealed that the partnership had already completed a mooring inspection gig for Total in Angola…

ABB to Power Total's Mozambique Gas Project

Mar 18, 2021

Power and technology group ABB has won a contract to deliver an end-to-end electrification package for Total's project in Mozambique aimed at developing gas deposits found off the country's coast.The Mozambique LNG project, previously operated by Anadarko…

Nigeria Disappointed as Shell, Eni Acquitted in Oil Block Bribery Case

Mar 17, 2021

The Nigerian government is disappointed with a Milan court's decision on Wednesday to acquit Royal Dutch Shell and Eni as well as several former and current managers of the groups in the oil industry's biggest corruption trial.“The Federal Republic…

Eni, Shell Acquitted in Nigerian Oil Block Graft Case

Mar 17, 2021

A Milan court on Wednesday acquitted energy companies Eni and Royal Dutch Shell along with a series of past and present managers including Eni Chief Executive Claudio Descalzi in the oil industry's biggest corruption scandal.The sentence, read out in court by judge Marco Tremolada…

Court Set to Issue Verdict on Nigerian Offshore Oil Field Corruption Case Involving Shell, Eni

Mar 17, 2021

A Milan court is due to issue a verdict on Wednesday in the oil industry's biggest corruption trial, a case centered around the purchase of a Nigerian oilfield by Eni and Royal Dutch Shell for $1.3 billion a decade ago.After more than three years of proceedings and 74 hearings…

Newly Formed 3t Enermech to Help Train Mozambique Oil Workers

Mar 17, 2021

3t Enermech, an alliance between UK-based energy industry training firm 3t Energy and oilfield services provider EnerMech, has won a contract with the UK Government, 'which will help to shape future training requirements for Mozambique’s growing oil and gas workforce…

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