The African Energy Chamber, a chamber of networks, transactions, and partnerships at the helm of Africa’s growing energy industries, has urged OPEC and OPEC+ to reach a deal on ending the oil price war which has sent the oil price tumbling to historic low levels.
Oil and gas company Global Petroleum has agreed to license pre-existing 3D seismic data in its 2011A (PEL0094) offshore Namibia Block.
EuroAfrica Interconnector project has launched a tender call for the engineering, procurement, construction and installation of the HVDC cable system between Egypt and Cyprus. EuroAfrica Interconnector, as the official project promoter and developer, will finance the construction of the electricity
SeaBird Exploration has received cancellation notice for the ocean bottom node (OBN) surveys in West Africa. The end-client has decided to cancel the two OBN surveys due to the COVID-19 situation. SeaBird primarily received the letter of award for the surveys in January of this year, and the work wa
Dredging Today brings you an overview of the most popular stories from the past week (March 30-April 5, 2020). Donjon Wraps Up Manhattan Dredging In preparation for the arrival of the USNS Comfort to New York, USACE New York District Operations Division moved quickly and approved the necessary dre
Thousands of seafarers employed on cruise ships are still stranded at sea as ports deny vessels the permission to dock and carry out crew changes amid restrictive measures adopted to contain the spread of the coronavirus. The International Transport Workers’ Federation (ITF) estimates that around 31
Saudi Arabia’s decision to flood the market with crude oil at a time when demand is in doldrums amid coronavirus pandemic is about to create a massive supply-demand imbalance, says BIMCO’s Chief Shipping Analyst, Peter Sand. Liquid fuels production and consumption will be imbalanced during much of 2
In the downturn of 2020, global exploration & production operators will only be able to cut supply chain costs by up to 12%, a Rystad Energy analysis shows.
Energean Oil and Gas and Edison have agreed to exclude Edison E&P’s Algeria assets from the previously agreed acquisition.
Tullow Oil has identified further cost savings while its lenders have approved its credit facility with a $1.9 billion of debt capacity.
Africa-focused oil and gas company Lekoil has approved the immediate and accelerated implementation of the company’s general and administrative (G&A) cost-reduction measures due to the significant drop in oil prices.
Seismic services provider PGS has completed the acquisition on its MC3D Kwanza Shelf survey offshore Angola.
