Sahara Group and Nigerian National Petroleum Corp. (NNPC) have taken ownership of two LPG vessels in South Korea, with plans to reach 10 vessels in the next 10 years.
Rigs & Vessels
Reconnaissance Energy Africa and Invictus Energy are both nearing drilling, as they seek to prove up onshore hopes around Namibia and Zimbabwe respectively.
Exploration is back, emissaries of some of the world’s top oil companies have said, with Africa in a strong position to meet new demand.
Tullow Oil has chosen Petrofac to carry out well decommissioning offshore Mauritania, replacing Maersk Decom.
The offshore drilling rig market is “much tighter” than previously thought, according to new analysis, with some segments “nearly sold-out”.
Havfram has won work to decommission subsea facilities at Chinguetti and Banda, offshore Mauritania, from Petronas.
TotalEnergies is in the process of securing a rig to drill up to nine development wells, and two exploration/appraisal wells on Nigeria’s OML 130, Africa Oil has said.
Kosmos Energy is generating free cash flow at unprecedented volumes, allowing it to pay down debt, and has been talking up LNG.
Westwood Global Energy Group expects rig demand to increase around the world but with no rapid increase in dayrates.
Woodside Energy has revised the subsea installation campaign schedule at its Sangomar project, in Senegal, but continues to expect first oil in 2023.
Seadrill has struck a 10-well contract, with an option for up to eight more, in Angola for its West Gemini drillship.
Namibia has leapt to the forefront of exploration thinking with the Venus and Graff discoveries earlier this year, but there are opportunities beyond TotalEnergies and Shell.
Eco Atlantic Oil & Gas has put $20 million into escrow for its share of drilling expenses on the Gazania-1 well, on Block 2B offshore South Africa.
A bunker vessel has sunk offshore Tunisia raising the risk of a major diesel spill in the Gulf of Gabes.
Eni has awarded a maintenance contract on its Coral Sul floating LNG (FLNG) facility off Mozambique to Saipem.
Nigeria’s Barugu gunboat has sunk at a dock in Lagos, highlighting the country’s continued challenges to impose offshore security.
Vaalco Energy will focus on delivering its expansion projects this year, while avoiding any threats to production, CEO George Maxwell has said.
Tullow Oil increased emissions in 2021 amid delays in installing gas capturing equipment offshore Ghana.
KCA Deutag has completed the sale of five drilling rigs in Nigeria for $18 million.
Vaalco Energy has contracted DOF Subsea to carry out subsea construction and installation work to allow it to go ahead with swapping in a floating storage and offloading (FSO) vessel in Gabon.
Noble Corp. and Maersk Drilling have set out the executive team that will lead the new company, confirming Noble’s Robert Eifler as president and CEO.
Amid higher oil prices, Tullow Oil is beginning to scale up its growth plans once more, raising near term possibilities for drilling around TEN and further out plans for gas and Kenya.
Tidewater has set out an agreement to buy Swire Pacific Offshore for $190 million, creating the world’s largest offshore support vessel (OSV) fleet.
Eco Atlantic Oil & Gas has signed a drilling contract for the Island Innovator semi-submersible to work on the upcoming Gazania-1 well.
Shelf Drilling has won a contract for one of its jack-up rigs to work offshore Nigeria, for 225 days.