Total spuds as Exxon leaves
Total has spudded the Luiperd-1X well, offshore South Africa, as ExxonMobil has confirmed its exit from the state.
Total has spudded the Luiperd-1X well, offshore South Africa, as ExxonMobil has confirmed its exit from the state.
Angola is making progress on its reform plans, issuing tenders for work, while Total is moving to restart offshore drilling.
Australia’s FAR did not exercise its right to pre-empt the sale of Cairn Energy’s stake in the Sangomar field, as the company works to find a buyer for its own interest.
A Nigerian oil workers’ union has suspended a proposed seven-day strike targeting Chevron Nigeria Ltd.
Sirte Oil Co. and Waha Oil have shut their offices for 10 days, in an attempt to combat COVID-19.
ExxonMobil will be turfed out of the Dow Jones Industrial Average (DJIA) as of August 30, replaced by Salesforce.com, a cloud computing company.
Improved oil prices buoyed BW Energy’s second quarter results, opening the way for the company to plan additional drilling in Gabon.
Foreign investors have become increasingly concerned about Tanzania since the election of John Magufuli to the presidency in 2015.
With COVID-19 continuing to bring business disruption even as global lockdowns ease, the impact on the energy sector has prompted a review of existing contracts and serious repercussions for any negotiations returning to the table.
Ghana is pushing onwards with its efforts to bring down prices paid for power.
Ghana’s Petroleum Commission has launched a committee to draft a policy on local content in the upstream sector.
The governor of Rivers State has claimed victory over Shell’s local subsidiary at OML 11.
JGC Corp. has won a letter of award for the Basra refinery upgrading project, in Iraq.
Angolan contractor Sonamet has completed factory acceptance tests on all flowline structures for the next stage of work on the Zinia field.
South African Mineral Resources and Energy Minister Gwede Mantashe has welcomed Odjfell Drilling’s Deepsea Stavanger to Cape Towin.
Islamist forces appear to have seized the port of Mocimboa da Praia, in Mozambique’s gas-rich northern Cabo Delgado province.
Nigerian oil workers began a 3-day strike at the petroleum ministry to demand almost three months of pay, according to the labour group representing them.
Noble Energy raised the possibility of selling out to Chevron on May 12. The super-major took only until May 28 to indicate it would be keen for such a deal.
Occidental Petroleum intends to keep production flat in 2021 but one bright spot for the company is Algeria.
Nigerian National Petroleum Corp. (NNPC) has published bid opportunities for the provision of reconstruction work in the midstream.
ABN AMRO is pulling out of its trade and commodity financing, while cutting its natural resources and transportation and logistics work to European clients only.
Sasol has warned that adjusted EBITDA is expected to decline by between 17% and 37% for the financial year.
The Nigeria Gas Transportation Network Code (NGTNC) is officially up and running.
TGS has launched its first regional airborne enhanced full tensor gravity gradiometry (eFTG) multi-client survey in Upper Egypt.
TransGlobe Energy has posted a net loss of $13.4 million for the second quarter, as production declined and prices fell.