Drydocks World has been tasked with refurbishment and life extension works to enable a new lease on life for a floating production, storage, and offloading (FPSO) vessel, which is expected to stay at its post in West Africa for 15 more years once the enhancement activities are out of the way.
Tullow Oil, an independent energy company with operations in West Africa, has inked binding heads of terms agreement for a $300 million net of tax sale of Gabon assets to Gabon Oil Company.
As multiple drilling campaigns are poised to shape Africa’s energy future this year, the African Energy Chamber (AEC), which serves as the voice of the energy sector in Africa, has opted to shine a light on the offshore oil and gas drilling programs and licensing opportunities in Namibia.
Poor access to funding and higher costs of capital in developing countries could almost double the prices of e-fuels they produce, compared to developed economies—even when renewable energy resources such as onshore wind and solar are superior, according to a new study.
Golar LNG has inked finance lease agreements with a consortium of Chinese leasing companies for the refinancing of the existing debt facility for a floating LNG (FLNG) unit, which is working for the UK-headquartered BP.
DOF Group has tucked a new subsea umbilicals, risers, and flowlines (SURF) assignment under its belt, which will enable it to work on an energy project off the coast of Africa.
Singapore’s Rex International Holding Limited has disclosed the updated results of an independent qualified person’s report (QPR) for its oilfield off the coast of Benin.
Italy’s energy giant Eni has reached an agreement with energy and commodities company Vitol to sell a portion of interests in certain assets it owns in Cote d’Ivoire and the Republic of Congo.
Afentra has acknowledged the growing media speculating over its alleged attempt to up its stake in two Angolan offshore blocks by confirming its participation in discussions, together with one of its joint venture (JV) partners, to buy the stake of another JV partner.
Pancontinental is on the lookout for a new partner to secure the required funds for exploration drilling in petroleum exploration license (PEL) 87, located in the Orange Basin, off the coast of Namibia, after Australia’s Woodside changed its mind about acquiring an interest in the license.
Seapeak Maritime, an independent owner-operator of liquefied natural gas (LNG) vessels, is considering selling three steam-turbine LNG carriers from its fleet that are in lay up. As disclosed in Seapeak’s annual report, three steam turbine LNG carriers–out of seven from its fleet–were placed in layu
Norwegian subsea service provider Argeo has completed a project offshore Namibia on behalf of French multi-energy major TotalEnergies, with its vessel now demobilizing. Argeo completed its work at TotalEnergies’ Venus project in Namibia’s Orange Basin under a $39 million contract announced in April
