Italian oil company Eni has achieved financial close for a total amount of around $4.7 billion for the Coral South FLNG multi-sourced project financing. The project is located in the Area 4 offshore Mozambique where Eni is the operator. In March 2017, Eni and ExxonMobil signed a sale and purchase ag
Erin Energy has started drilling of the Oyo North West well (Oyo-NW) offshore Nigeria with plans to tie the potential discovery to the Oyo field facilities.
Perenco, Chevron, and Inpex will keep their jointly owned offshore block in the Democratic Republic of the Congo until November 2043. The companies have reached a deal with the country’s government to extend the duration of the concession agreement for the Offshore D.R. Congo Block for a period of 2
The outlook for the global shipping industry remains negative, according to Fitch Ratings, as the rating agency doesn’t expect a material improvement in market fundamentals in 2018 due to lingering overcapacity. As explained, both container and bulk markets show signs of a revival, but the longevity
African Petroleum has signed agreements to enter into the second extension periods of the SL-03 and SL-4A-10 licenses offshore Sierra Leone.
Climate change is real, so better be prepared. Everybody, personally and also as an industry, should make a contribution in fighting climate change. That was the final thought of our first Dredging Today Conference, beautifully put by Mr Mark van Zanten, Senior Project Manager Water, Royal Haskoning
Nigerian government has approved an Environmental Baseline Studies (EBS) for the Ororo marginal field, which covers the drilling of three additional wells. The Ororo field, discovered in 1986, is located within OML 95 in shallow waters offshore Ondo State. The field lies in water depths ranging betw
Somalia has become the 14th signatory to the Jeddah Amendment to the Djibouti Code of Conduct – the instrument developed and adopted by countries in the Western Indian Ocean and Gulf of Aden in an effort to repress piracy and armed robbery against ships operating in the region. Mariam Aweis, Ministe
Japan’s shipping major Mitsui O.S.K .Lines (MOL) has signed an agreement to transport bauxite for a five-year period with mineral exploration and development company Alufer Mining Limited. Under the agreement, MOL’s ocean shipping services would support Alufer’s Bel Air bauxite mine project in the R
French oil major Total and Angola’s Sonangol on Monday signed several agreements covering both upstream and downstream activities.
Total and Sonangol have reached an agreement for the development of Zinia Phase 2, moving forward to the final investment decision. Located in Block 17 and operated by Total (40%), Zinia 2 will be connected to the Pazflor FPSO and will produce 40,000 barrels per day. In addition, Total and Sonangol
U.S. oil major ExxonMobil has signed production sharing contracts with the government of Mauritania for three deepwater offshore blocks. “These blocks further enhance ExxonMobil’s leading global deepwater acreage position,” said Steve Greenlee, president of ExxonMobil Exploration Company. “We thank
