Emerging Africa Infrastructure Fund (EAIF) said it has sanctioned a $31 million loan with a 10-year term to Access LNG, for the Tema LNG project.
Brent crude oil prices reached highest levels since March as news of another promising coronavirus vaccine raised hopes of a quicker recovery in oil demand, while U.S. President-elect Joe Biden received the go-ahead to begin his leadership transition.
Tullow Oil will focus on its West African producing portfolio as part of its new strategy to generate $7B of operating cash flow in the next 10 years.
Neptune Energy has appointed Mohamed Mounes Shahat to take on the role of Egypt Managing Director, based in Cairo, starting December 2020.
Investments from global E&P in 2021 are projected to reach around $380 billion, almost flat year-on-year, a Rystad Energy report shows.
Three people have been kidnapped from the Togo-flagged bunkering vessel Stelios K which was boarded last week by a group of pirates while en route to Lagos. As Offshore Energy – Green Marine reported, the shipowner lost contact with the vessel on November 17 resulting in authorities seeking to estab
Early-out pre-stack time migration (PSTM) products are now available from PGS latest multiclient 3D survey in the Namibe Basin. Norwegian seismic player wrapped up its 2020 acquisition campaign in Angola’s Namibe Basin in September this year. The vessel Ramform Sovereign completed the project offsho
Seadrill has added approximately $52 million to its backlog following the end of 3Q and is looking to manage its rig count by recycling some of its rigs.
French oil major Total has discussed increasing energy investment in Libya where oil output has surged in the past two months following a truce in the country’s civil war.
PetroNor has added a high potential acreage offshore Guinea Bissau to its portfolio following a purchase of SPE Guinea Bissau AB.
Togo-flagged bunkering vessel Stelios K has been hijacked while en route to Lagos, the UK-based maritime security firm Dryad Global said on Tuesday. According to the latest information from today, the attackers remain on board and local authorities continue to negotiate the release of the vessel and
The Organization of the Petroleum Exporting Countries (OPEC) has lowered its 2020 oil demand forecast to negative -9.8 million barrels a day.
