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Africa

FSO Palanca; Source: Stapem Offshore
Fossil Energy

Another delay bumps acquisition timeline for stakes in Angolan offshore blocks to next month

Afentra plc has run into another delay in completing the deal with Angola’s state-owned oil and gas company Sonangol.

about 3 years ago
WoodMac: Gas resource holders in LNG vs. ammonia dilemma
Ammonia

WoodMac: Gas resource holders in LNG vs. ammonia dilemma

According to the “Stick or twist: Should gas resource holders target LNG exports or blue ammonia?” report by energy intelligence group Wood Mackenzie (WoodMac), the acceleration of the energy transition means gas resource holders increasingly face a choice to either follow the established pathway an

about 3 years ago
Baker Hughes hired for ‘largest hydrocarbon discovery’ offshore Ivory Coast
Business & Finance

Baker Hughes hired for ‘largest hydrocarbon discovery’ offshore Ivory Coast

Baker Hughes has secured a subsea contract with Italian energy giant Eni and its partner Petroci to deploy its deepwater technology for an oil and gas field offshore the Ivory Coast. Under the contract, which includes eight deepwater trees, Baker Hughes will deliver three Aptara manifolds, the relev

about 3 years ago
Illustration; Source: Tower Resources
Business & Finance

UK oil & gas firm gleans more insight into Namibian asset’s hydrocarbon prospectivity

Tower Resources has undertaken a basin and thermal maturity study within its operated license PEL 96 in Namibia.

about 3 years ago
Vito platform in the U.S. Gulf of Mexico; Credit: Shell
Business & Finance

Oil & gas with LNG as centrepiece getting a $40 billion slice of Shell’s investment pie

Shell has unveiled plans to spend around $40 billion in its Integrated Gas and Upstream businesses, as it believes that oil and gas will remain important players on the energy stage.

about 3 years ago
Illustration; Source: International Energy Agency (IEA)
Business & Finance

With peak oil demand in sight, is the end of the black gold era really approaching?

The International Energy Agency (IEA) believes that growth in global oil demand is projected to slow down to a crawl by 2028.

about 3 years ago
SEA-LNG: LNG has half the lifetime cost of methanol and ammonia
Ammonia

SEA-LNG: LNG has half the lifetime cost of methanol and ammonia

The lifetime fuel costs of meeting key European decarbonisation targets for shipping through the LNG pathway are expected to be roughly half that of the methanol or ammonia pathways, according to the findings of a new analysis from the SEA-LNG coalition. The multi-sector coalition promotes the comme

about 3 years ago
Norve jack-up rig; Source: Borr Drilling
Fossil Energy

Oil flows from second well off Gabon as Borr rig spuds third one

BW Energy has brought on stream the second well in its drilling campaign offshore Gabon while the drilling ops on the third well are ongoing.

about 3 years ago
Illustration; Source: Wood Mackenzie
Fossil Energy

Golden Triangle and Mediterranean to spearhead rise in rig demand

Wood Mackenzie anticipates floating rig demand to skyrocket by a further 20 per cent over the next two years.

about 3 years ago
Ofon phase 2 complex in OML 102; Source: TotalEnergies
Fossil Energy

TotalEnergies’ fresh oil & gas discovery opens doors for new tie-back off Nigeria

TotalEnergies has made a new oil and gas discovery in a shallow water block offshore Nigeria, which puts a tie-back to the existing infrastructure on the table.

about 3 years ago
FPSO Espoir Ivoirien; Source: BW Offshore
Fossil Energy

BW Offshore wraps up divestment of another FPSO

FPSO operator BW Offshore has completed the sale of an FPSO, which is currently working offshore the Ivory Coast.

about 3 years ago
Jotun: 1 in 4 know little about biofouling
Anti Fouling

Jotun: 1 in 4 know little about biofouling

Almost two-thirds (59%) of the shipping industry underestimate the negative environmental impacts of biofouling, with as much as 1 in 4 claiming to know little about the issue, a new report by marine coatings manufacturer Jotun has found. Biofouling is caused by the build-up of micro-organisms, plan

about 3 years ago
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