Africa-focused energy company Tower Resources has received approval from the credit committee of a local Cameroon bank for a $7 million loan which should cover around 40 per cent of the cost of a well in the Rio Del Rey basin. Tower Resources Cameroon S.A (TRCSA) has been notified by BGFI Bank Group
In the aftermath of COP27, many argue that very little progress was made on the phasing out of fossil fuels.
Winter is almost here and concerns over the security of energy supplies are on the rise. Governments and industries are trying to find ways to tackle both energy and climate crises at the same time. The never-ending battle with new regulations to accelerate green energy programs and address high pri
Transocean has set the wheels into motion to acquire an interest in a newbuild drillship, after entering into a new joint venture.
An investigation has shown that explosions that damaged the Nord Stream gas pipelines in late September were caused by “gross sabotage”, Swedish authorities announced. Swedish prosecutor Mats Ljungqvist, who is leading the ongoing preliminary investigation at the Nord Stream 1 and 2 pipelines, said
Aker Solutions has been awarded an extension for maintenance and modification work on the Johan Sverdrup field in the North Sea off Norway.
Oil and gas exploration company Eco (Atlantic) Oil & Gas has completed drilling of an exploration well on Block 2B offshore South Africa but came up empty as no commercial hydrocarbons were encountered. However, the operator is proceeding with its plans for more exploration wells. The Island Drillin
ExxonMobil has awarded a deal for operations in Canada to a rig owned by SFL Corporation and managed by Odfjell Drilling.
China’s oil and gas player CNOOC Limited has kicked off production from a gas development project in the Bohai Sea.
Subsea Integration Alliance, the partnership between Subsea 7 and OneSubsea, has won a contract to support the development of BP’s Cypre gas development project located offshore Trinidad and Tobago. Subsea 7 is in charge of delivering the concept and design, engineering, procurement, construction an
UAE’s ADNOC L&S has completed the acquisition of Zakher Marine International (ZMI) and expanded its fleet to over 300 vessels.
The UK offshore industry will be “hit hard” by the recent tax changes on oil and gas production, which threaten to drive out investors and drive up imports, leaving consumers increasingly exposed to global shortages, UK’s representative body for the offshore energy industry Offshore Energies UK (OEU
BW Energy is setting the wheels into motion to drill the first well in its drilling programme for an oil development project off Gabon.
A joint venture between KBR and SOCAR has been awarded a contract by BP for the delivery of an unmanned compression platform in Azerbaijan.
