Island Drilling has been awarded a contract extension for its semi-submersible rig, which will prolong the rig’s assignment off Mauritania.
Following the completion of a 16-year contract, Malaysia’s Yinson has wrapped up the sale of an FPSO deployed off Nigeria.
Africa-focused energy company Tower Resources has completed an institutional placing of up to $6 million from which proceeds will be used to fund work program commitments for the company’s licenses in Cameroon, Namibia and South Africa. Tower Resources completed an institutional placing to Energy Ex
The majority of the newbuilding tonnage ordered in 2022 was alternatively fuelled, according to the data from Clarksons Research. Insights from the shipbroker show that 61% of tonnage ordered last year (35% by number) was alternatively fuelled. Overall, 83.4 million dwt was ordered across vessel sec
Eni has handed out another short-term contract extension to BW Offshore for one of its FPSOs, which is working on a field offshore Nigeria.
An in-depth review of Valaris’ rigs, including details about new contracts and extensions along with other recent activities related to its fleet.
While low-carbon investments overtook oil & gas spending for the first time in 2022, this growth is expected to slow in 2023, says Rystad.
High-impact well numbers in 2023 are expected to be in line with 2020-2022, with 75-85 high-impact wells currently anticipated to complete this year, energy market research and consultancy firm Westwood reports, explaining that this is due to higher oil prices not having fed through into more explor
UK-headquartered Afentra plc has received approval from the Angolan Ministry of Mineral Resources, Oil and Gas for the acquisition of INA-Industrija Nafte’s interest in two blocks offshore Angola. Afentra is acquiring from INA-Industrija a 4 per cent interest in Block 3/05 and a 4 per cent interest
UK-headquartered energy giant Shell has advanced its digitalisation journey through a global agreement with Kabal.
Gunvor Group, an independent trader of liquefied natural gas (LNG), has renewed its syndicated borrowing base facility to support the working capital needs of the company’s growing LNG activities globally. According to Gunvor, the syndication, signed at $1.135 billion in 2021, launched at $1.2 billi
Italian energy player Snam has finalized the acquisition of a 49.9 per cent stake held by compatriot oil and gas firm Eni in the companies operating two groups of international gas pipelines between Algeria and Italy. The scope of the transaction includes the onshore gas pipelines running from the A
