Search results for: Addax

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  • 2 June 2017
    Infrastructure

    BW Offshore’s subsidiary, Sendje Berge Limited, has informed that all outstanding dayrates in respect of the hire of the FPSO Sendje Berge have now been paid by Sinopec’s subsidiary, Addax.  The payment was made in accordance with the arbitration award from February 2017, where the tribunal declared Addax to pay all outstanding dayrates and to […]

  • 8 May 2017

    BW Offshore’s subsidiary has received a termination notice for the FPSO Sendje Berge operating under a contract with Addax Petroleum Exploration Nigeria (Addax) on the Okwori field, offshore Nigeria. The termination will have effect from November 06, 2017, the company informed. In addition, Addax has requested BW Offshore to provide a demobilization plan for the FPSO. […]

  • 8 May 2017
    Infrastructure

    Addax Petroluem has terminated a contract with BW Offshore for an FPSO operating offshore Nigeria after losing a dispute related to payment of outstanding dayrates for the unit.  BW Offshore and Addax Petroleum, a subsidiary of Sinopec, had been in a dispute over unpaid dayrates for the FPSO Sendje Berge operating on the Okwori field offshore Nigeria […]

  • 23 November 2018
    Infrastructure

    Yinson’s Adoon FPSO in 3-month contract extension

  • 17 June 2016

    Spanish oil company Repsol has been served a $5.5 billion arbitration notice by China’s Sinopec. Sinopec, together with its subsidiary, Addax Petroleum UK, has served the arbitration notice to Repsol’s subsidiaries Talisman Energy and Talisman Colombia. According to a statement by Repsol, Sinopec and Addax are demanding a payback of around $5.5 billion for their […]

  • 9 May 2006

    Addax Petroleum Corporation has announced the flag-off of a new Floating Production, Storage and Offloading vessel acquired by its subsidiary Addax Petroleu Development (Nigeria) Limited. The Sail Away Ceremony for the Knock Adoon FPSO was carried out at the Dubai Drydocks Shipyard. The Knock Adoon FPSO will replace the current Knock Taggart FPSO as Addax […]

  • 1 March 2017
    Infrastructure

    Following an announcement of a “successful” arbitration award on Tuesday regarding unpaid FPSO dayrates, the Norwegian FPSO provider, BW Offshore, has reported that the award was entirely in its favor. According to the company’s Oslo Stock Exchange filing on Wednesday, the company Sendje Berge Limited (SBL), a subsidiary of BW Offshore Limited, has received an arbitration […]

  • 4 October 2006

    Addax Petroleum Corporation (TSX: AXC) (“Addax Petroleum” or the “Corporation”) today announced that it has successfully replaced the floating production storage and offloading vessel (“FPSO”) on the OML123 property offshore Nigeria, with an upgraded FPSO contracted from Fred Olsen Production AS (“Fred Olsen”) and that production on OML123 has returned substantially to pre-replacement levels.

  • 23 October 2017
    Business & Finance, Infrastructure

    Sendje Berge Limited, a subsidiary of BW Offshore Limited (BWO), has agreed terms of a contract extension for the FPSO Sendje Berge with Addax Petroleum. BW Offshore said on Monday that the extension for the FPSO, working on the Okwori field offshore Nigeria, had been submitted to relevant Nigerian authorities for review and approval. The […]

  • 22 October 2018
    Infrastructure

    Nigeria-focused oil company Addax has extended the charter for the Yinson-owned FPSO Adoon.

  • 23 October 2017
    Project & Tenders

    Addax Petroleum Exploration (Nigeria) has withdrawn contract termination notice for the Sendje Berge FPSO following the contract extension with BW Offshore’s subsidiary. Sendje Berge Limited, a subsidiary of BW Offshore, and Addax have agreed terms of the contract extension for the FPSO on the Okwori field offshore Nigeria. The terms have been submitted to relevant Nigerian Authorities for their review […]

  • 14 August 2019
    Business & Finance, Equipment

    Airborne Oil & Gas, a manufacturer of thermoplastic composite pipes, has secured a contract with Addax Petroleum for two gas lift jumpers in West Africa.

  • 10 August 2020
    Business & Finance, Business developments & projects, Safety, Vessels

    Crew members kidnapped in early July in a pirate attack on the BW Offshore-owned FPSO Sendje Berge have been released.

  • 19 October 2015

    Yinson, a Malaysia-based provider of floating production units to the international oil and gas industry, has won a charter extension, for its FPSO Adoon. The vessel, moored at the Antan field offshore Nigeria, will continue its contract with Addax Petroleum for three years, until October 16, 2018. The extension is valued at around $129 million. This […]

  • 21 March 2011
    Business & Finance

    Kaztec Engineering Limited, an Abuja based engineering, procurement, construction, installation and commission (EPCIC) company and owners of Ekulo Cheyenne and Ekulo Tornado said that Ekulo Cheyenne is now at OML 123, Calabar, Cross River State, Nigeria, and had commenced work for Addax Petroleum Development Nigeria Limited. In a statement released in Abuja today, the Project […]

  • 14 August 2019
    Business & Finance, Equipment, Operations & Maintenance, Project & Tenders

    Airborne Oil & Gas has secured a contract with Addax Petroleum for the delivery of two gas lift jumpers in West Africa. The deal will see Airborne thermoplastic composite pipeline (TCP) products becoming a permanent application in the region for the first time. The Dutch-based business will supply two, 180-meter-long TCP Jumpers to support the […]

  • 23 April 2019
    Business & Finance, Infrastructure

    Malaysia’s FPSO provider Yinson has won another short-term FPSO contract extension in Nigeria as it discusses a longer-term deal with Addax.

  • 28 February 2017
    Infrastructure

    Norwegian FPSO supplier BW Offshore has announced a successful arbitration award regarding its dispute with Addax Petroleum Exploration about dayrates payable for the hire of the FPSO Sendje Berge. BW said on Tuesday that the company was “successful” in the dispute and that further details would be provided when the arbitration award has been reviewed […]

  • 18 June 2019
    Infrastructure

    After months of negotiations and short-term contract extensions, Malaysian FPSO provider Yinson has managed to secure a longer-term contract for its FPSO Adoon with Addax Petroleum Development in Nigeria.

  • 12 July 2010

    State-owned Chinese oil producer Sinopec said Monday its Addax subsidiary has struck oil offshore Nigeria after the unit was acquired last… [mappress] Source: AP, July 12, 2010;

  • 31 May 2019
    Infrastructure

    Malaysian FPSO operator Yinson is optimistic about securing a long-term contract for its Adoon FPSO after several recent short-term extensions with Addax Petroleum.

  • 6 April 2005

    Addax Petroleum has announced that it has achieved first oil in the Okwori project, barely eight months after spudding the first well. The company said a statement that production levels are expected to peak at 40,000 barrels per day.