Vaalco Energy has a new CEO and a strategy that aims to place the company among its West Africa-focused peers on the London market.
Oil & Gas
South Africa’s Reatile Group and African Infrastructure Investment Managers (AIIM) have teamed up to buy a 30% stake in Sasol’s Mozambique pipeline.
Seadrill has won a 12-well contract in Angola via its local joint venture with Sonangol EP.
Aberdeen Harbour Board (AHB) said it has “weathered the storm” of downturn caused by the pandemic despite taking a hit on revenues.
The UK’s energy minister has been booked to give the opening address at Subsea Live later this month.
The new Scottish Government needs to strike a “careful balance” between economic recovery and energy transition in order to protect jobs, according to an industry chief.
Shares in Wood dropped by more than 6% today, with the global engineering and consultancy firm sticking to its prediction of a fairly subdued 2021.
Nigeria has suspended the head of the ports authority amid claims that she provided unfair dispensations to Dangote Group.
Higher oil and gas prices, tax refunds and “tight cost control” helped Neptune Energy overcome a drop in production to lift its profits by two-thirds in the first quarter.
Law firm Burness Paull is targeting growth for its energy business after pulling off a “coup” with the appointment of Bob Ruddiman.
Kurdistan has told producers that it is cutting payments for oil production, in light of continued pressure from COVID-19.
TechnipFMC has rejected some claims around its Mozambique LNG work.
Young people considering working in energy overwhelmingly prefer the opportunities of the renewables sector to oil and gas.
Expats on a rig off western Australia have warned that safety would be compromised after Maersk Drilling was forced to “reassess” unpaid leave requests amid the country’s strict Covid regime.
Global high-impact drilling is expected to “bounce back” in the second half of 2021 after a record slow start to the year.
Around 200 jobs are at risk on a Seadrill North Sea rig after a spate of safety incidents saw its contract terminated, a union has said.
Awilco Drilling is back in the black after posting pre-tax profits of $1.28 million (£904k) for the first quarter of 2021.
Teekay has bid a “final farewell” to the Petrojarl Banff FPSO, which has now arrived in Denmark for decommissioning.
Rockets fired from Gaza hit a tank in Israel on May 11, causing a fire that continues to burn.
Petrofac said today that its chief financial officer, Alastair Cochran, will leave the energy services firm.
EnQuest said today that it is “on track” to refinance its senior credit facility, paving the way for it to complete a North Sea acquisition.
Energy giant BP has confirmed that a subsea development is among the options being weighed up for its Clair South project, west of Shetland.
The sinking of Velesto Energy’s NAGA (dragon) 7 jack-up rig offshore Malaysia has prompted investment firm CGS-CIMB to upgrade the drilling company as the closed-door investigation into the accident continues.
A former director of BP’s marine fuels business in Singapore has been sentenced to 54 months in jail and ordered to pay about US$4.7 million for his role in a graft case involving close to US$4 million (S$5.3 million) while working for the supermajor.
Seadrill Partners will use its West Capella drillship to drill four wells offshore Malaysia for an unnamed client in a deal worth about $43 million.