Houston-based oil and gas company Vaalco Energy has signed a sale and purchase agreement to acquire Sasol’s 27.8 per cent working interest in the Etame Marin block offshore Gabon.
Following the Covid-19 pandemic and the oil price crash in early 2020, for some players in the oil and gas sector consolidation may be the only way to stay solvent.
Five crew members have been kidnapped by pirates from a Ghana-flagged vessel in another incident in the Gulf of Guinea.
Despite concerns that Covid-19 could drive down discovered volumes to their lowest levels in decades, exploration activity has been resilient this year with discovered resources set to hit 10 billion boe in 2020.
Subsidiaries of oil and gas services provider Sapura Energy has won several contracts worth RM611 million (around $148.4 million).
Fourteen crew members are reported to have been kidnapped from a heavy lift vessel in the Gulf of Guinea.
Yinson has released a video showing the inside workings of its Abigail-Joseph FPSO, which is now in production on a field located offshore Nigeria.
Ghana has imposed its terms and conditions for the Italian oil major Eni and domestic explorer Springfield E&P for the unitisation of their adjacent fields.
The rating agency Moody’s has revised its outlook for the shipping industry from negative to stable as the sector outperformed the agency’s projections for this year. The rating agency said the outlook for the global shipping industry had been negative since March 2020 coinciding with the impact of
Zentech has been hired by BW Energy to be part of the process which will see BW’s newly acquired jack-up rig converted into an offshore installation.
Achieving a more sustainable system will require a diverse energy mix – if we make the right choices. The energy transition has been talked about for many years, but now the pandemic has given the world an opportunity to make it happen more quickly. During the recently completed 13th Offshore Energy
Chinese rescue and salvage company Lianyungang Dali Underwater Engineering has won a contract to remove the stern section of the Wakashio bulker from a reef off Mauritius’ coast. The salvage firm is currently mobilizing assets and equipment and is scheduled to start work on the removal operation in
