Oceaneering wins Angola work
Oceaneering has won inspection work in Angola from a Chevron subsidiary.
Angola
African rig count plummets, while Middle East holds up
Africa has been the hardest hit region in terms of rig numbers, according to Baker Hughes’ May data.
Gemcorp plans FID for Angola refinery this month
Gemcorp has completed preliminary work preparing a site in Angola for the construction of the Cabinda oil refinery.
China eyes African opportunities
Amidst the oil price crash crisis and the pressure on companies, opportunities are emerging for those with resources.
Angola in debt talks with oil importers
Angola is in talks with some of its oil customers in a bid to restructure financing facilities, the Ministry of Finance has said, in order to “better reflect the current market environment and OPEC production quotas”.
WATCH: Working for BP offshore Angola during Covid-19
BP engineer Arlette Giron Paiva lifts the lid on her experience of working offshore Angola during the Covid-19 pandemic. Arlette is away from her husband and son for six weeks at a time, with two weeks spent in isolation in a hotel with her crewmates before heading to the Greater Plutonion FPSO for four weeks.
ANPG warns of pandemic impact on licence round
Angola’s Agência Nacional de Petróleo, Gás e Biocombustíveis (ANPG) has released details on new blocks available for bidding this year but warned there may be delays as a result of the coronavirus pandemic.
Sonangol signs up to drill wells in Cuba
Sonangol has signed a deal to farm in to a block onshore in Cuba, under an agreement with Australia-listed minnow Melbana Energy.
MEA banks under oil price pressure
Middle East and African banks face mounting pressure from the gathering macroeconomic storm and oil price pressure, Fitch Ratings has said.
Nigeria and Angola face oil price squeeze
Nigeria and Angola face particular pressures as a result of the oil price crash, a new report from Verisk Maplecroft has warned.
Nigeria faces involuntary output cuts
Nigeria is moving towards production cuts as a result of a lack of local storage and inability to sell cargoes.
Piracy on the rise in Gulf of Guinea
Piracy increased in the first quarter of 2020, with the Gulf of Guinea continuing to hold its position as the most dangerous waters in the world.
Fudging the OPEC+ deal numbers
“Baselines matter” is one takeaway from the deal brokered over the weekend to save the market.
Angolan production declines bite deep
Companies operating in Angola have reported a production decrease of 18.7% from 2017 to 2019.
PGS completes Kwanza shoot
PGS has completed the acquisition of 3D seismic on Angola’s Kwanza shelf, which will be used in the country’s 2021 licence round.
Maurel halts Ezanga drilling
Maurel et Prom intends to hold its production roughly stable in 2020 as the company focuses on riding out the current storm.
Production shut ins and negative pricing loom
Weak demand will drive production shut ins this quarter, IHS Markit’s vice president Aaron Brady told Energy Voice, as storage options are limited.
Total, Chevron terminate Valaris rigs off Angola
Total and Chevron have cancelled rigs contracted from Valaris, working in Angola, the drilling company has announced.
Finding the Aquaterra Energy sweet spot
Construction and installation of subsea structures can be challenging in countries with limited local capacity, and Aquaterra Energy aims to fill a niche with its conductor supported platform (CSP).
BP’s Angolan numbers slide
BP’s Angolan production continued to decline in 2019, extending the trend of the last few years.
Valaris drops BOP off Angola
The Valaris DS-8’s blowout preventer (BOP) dropped to the seabed on March 7 and the company is now trying to retrieve it.
TechnipFMC inks multi-million deal with BP in Angola
French oilfield services firm TechnipFMC has announced a multi-million pound deal with BP in Angola.
Supply booms, demand languishes: all are punished
Oil price falls below $40 per barrel spell problems throughout the industry, with companies and countries alike facing tough times.
Eni takes Agogo to 1 billion barrels
Further success at Angola’s Agogo field by Eni has seen the estimated oil in place figure rise to 1 billion barrels.
Pompeo talks energy and corruption in Africa
US Secretary of State Mike Pompeo has wrapped up a trip to three African states this week, where he noted the importance of deepening trade ties and the struggle against corruption.