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Africa

UK player increasing its stake offshore Angola
Authorities & Government

UK player increasing its stake offshore Angola

Afentra plc has inked a deal with Croatia’s INA-Industrija Nafte to acquire the latter’s interests in two blocks offshore Angola.

about 4 years ago
Island Drilling’s rig wraps up work with Dana and gets started on its next gig
Business & Finance

Island Drilling’s rig gets started on its next gig

Island Drilling has completed its work with Dana Petroleum on the UKCS and moved to its next assignment in the UK North Sea.

about 4 years ago
UK firm collects $128 million in new deals with further headcount increase on the horizon
Clean Fuel

UK firm collects $128 million in new deals with headcount increase on the horizon

EnerMech has secured new contract awards worth over $126 million in Africa, Caspian and the Middle East, spurring further headcount increase.

about 4 years ago
Two oil & gas firms ink merger deal valued at $307 million to establish full-cycle asset base and boost output and reserves
Authorities & Government

Two oil & gas firms ink merger deal to establish ‘full-cycle asset base’

Vaalco and TransGlobe have revealed a deal to combine their businesses into a single company to create a full-cycle asset base.

about 4 years ago
MDL and DOF Subsea return to Angola for SURF project
Subsea

MDL and DOF Subsea return to Angola for SURF project

Back-deck equipment specialist Maritime Developments MDL has supported engineering and marine services company DOF Subsea with SURF work packages in Angola. The MDL spread consisted of a second-generation reel drive system, four-track 85Te pipelay tensioner and an overboarding chute. It was mobilise

about 4 years ago
Amid high fossil fuel prices, renewable power saves around $55 bln, says IRENA
Clean Fuel

Amid high fossil fuel prices, renewable power saves around $55 bln, says IRENA

IRENA believes that renewables are crucial to breaking away from volatile fossil fuel prices and tackling energy security & climate change.

about 4 years ago
WoodMac: Seven giant national oil players have what it takes to keep up output for 40-60 years
Fossil Energy

WoodMac: Seven giant oil players have what it takes to keep up output for 40-60 years

With two-thirds of global resources in their hands, seven NOCs own the lion’s share of remaining discovered oil & gas resources.

about 4 years ago
Two oil & gas firms close long-anticipated deal for sale of stake in field off Nigeria
Fossil Energy

Two oil & gas firms close long-anticipated deal for sale of stake in field off Nigeria

Panoro Energy has completed the sale of its interest in the Offshore Mining Lease no. 113 (OML 113) offshore Nigeria to Oslo-listed PetroNor.

about 4 years ago
Potential delay looms over first oil from Gabon project due to rig availability
Fossil Energy

Potential delay looms over first oil from Gabon project due to rig availability

BW Energy has revealed that the first oil from its project off Gabon may be delayed due to a potential change in the rig’s schedule.

about 4 years ago
Afreximbank signs deal with UTM Offshore for Nigerian FLNG
Clean Fuel

Afreximbank signs deal with UTM Offshore for Nigerian FLNG

African bank Afreximbank has executed a head of terms with UTM Offshore to partially finance a floating liquefied natural gas (FLNG) project in Nigeria.

about 4 years ago
Double contract wins for UK decom player in North Sea and Africa
Decommissioning

Double contract wins for UK decom player in North Sea and Africa

Northern Ireland-based pipeline decommissioning specialist Decom Engineering has secured two contracts to carry out cutting operations on decommissioning projects in the North Sea and offshore West Africa. According to Decom, the two contracts are worth more than £300,000 and will see the company de

about 4 years ago
Norve jack-up rig - Vaalco
Fossil Energy

Vaalco plans to keep Borr rig for two more wells in Gabon

Houston-based Vaalco Energy plans to add two more wells to the work scope of a Borr Drilling-owned jack-up rig in Gabon.

about 4 years ago
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