New life for Namibia’s long-dormant Kudu
BW Energy has signed a deal to increase its stake in the Kudu licence, offshore Namibia, potentially reviving the long-dormant project.
BW Energy
Borr Drilling ‘encouraged’ by increased activity as $35m added to backlog
Borr Drilling said in its new fleet status report that it had added $35.1 million over 480 days to its total backlog.
Borr Drilling takes 30% hit to revenues as operators cancel contracts
Borr Drilling has taken a 30% knock to its revenues after a series of cancellations and delays to contracts by oil and gas operators.
Borr Drilling sells third rig in a month in $4.5million deal
Borr Drilling has announced the sale of its third rig in a month as the firm seeks to consolidate its fleet size.
BW buys stacked jack-ups, plans Dussafu work
BW Energy has acquired two jack-up rigs and hatched a new plan for the development of the Hibiscus/Ruche field, offshore Gabon.
Namibia considers exploration and acquisitions
Namibia continues to expect hydrocarbons to be discovered offshore, but in the meantime is working on energy transition plans.
BW Energy plans 2021 drilling
Improved oil prices buoyed BW Energy’s second quarter results, opening the way for the company to plan additional drilling in Gabon.
Panoro warms to Tunisian exploration
Panoro Energy has reported higher production in the first quarter but lower revenues, as a result of fewer liftings and lower prices.
Drilling pushed back at Dussafu Marin
Additional drilling at Gabon’s Dussafu Marin licence has been deferred because of coronavirus, BW Energy has said, blaming international travel restrictions.
BW Energy delays Dussafu work on turmoil
Work at the Dussafu Marin licence in Gabon has slowed as a result of the coronavirus outbreak.
BW scales back IPO plans on coronavirus chill
Plans for an IPO for marginal field-developer BW Energy have been pushed back – and pricing scaled back – in light of financial volatility, blamed on the coronavirus in China.
BW Energy sets out IPO pricing
BW Energy expects to price shares in its IPO at 34.2-36.6 Norwegian krone ($3.74-4), valuing the company at $700-750 million.
BW Energy plans Oslo IPO this quarter
BW Offshore intends to hold an IPO of its BW Energy unit, which is producing oil in Gabon, in the first quarter of 2020 on the Oslo Stock Exchange.
Tullow’s Dussafu back-in dispute
Tullow Oil has exercised its back-in right for a 10% stake in Gabon’s Dussafu production-sharing contract (PSC), although the amount payable is under dispute.
CNOOC signs up to Gabon work
China’s CNOOC Ltd has signed up to explore two blocks in Gabon, the 11th contract signed since the country brought in its new hydrocarbon code.
BW doubles up Gabonese production plans
BW Offshore plans to double production from the first phase of the Ruche development to 30,000 barrels per day.
Hibiscus sidetrack flowers for BW
BW Offshore’s work on the Hibiscus find suggests it may hold 40-50 million barrels, up from the initial estimate of 12mn barrels.
BW Energy plans Gabon growth
BW Energy is planning to reach a final investment decision (FID) on its Ruche development, in Gabon’s Dussafu licence, in the last quarter of the year. Further growth is expected to come from August’s Hibiscus discovery. The company continues to hold the Kudu gas project, in Namibia, but like many others before it, progress appears slow.