Offshore seismic on the up
Confidence continues to return for offshore work, with offshore seismic companies reporting improved performance from contract work, while multi-client continues to lag.
Confidence continues to return for offshore work, with offshore seismic companies reporting improved performance from contract work, while multi-client continues to lag.
Qatar Petroleum (QP) has signed up to supply Kuwait with 3 million tonnes per year of LNG for 15 years, under an agreement with Kuwait Petroleum Corp. (KPC).
Eskom’s new CEO Andre de Ruyter has begun his tenure, faced with a major challenge of how to address the company’s debt load and power outs.
Lekoil has set out plans to raise a $184 million loan from the Qatar Investment Authority (QIA) to fund work on the OPL 310 area, offshore Nigeria.
A counter offer has emerged for Anglo African Oil & Gas (AAOG), following Zenith Energy’s offer at the beginning of the week.
The civil war in Libya is escalating as mercenaries, supplied by Turkey, have been mobilised to support the Tripoli-based Government of National Accord (GNA).
Egypt has licensed a number of areas, including the award of around 7,000 square km to ExxonMobil in the offshore.
Piracy continues to threaten shipping approaching Nigeria’s maritime space, with the LNG Lokoja vessel attacked on December 28, Dryad Global has reported.
Zenith Energy has struck a first deal in Africa with an agreement to buy an 80% stake in the local unit of troubled Anglo African Oil & Gas (AAOG) in Congo Brazzaville.
Nigeria LNG (NLNG) has taken the final investment decision (FID) on Train 7, the long-awaited expansion project that will take the project’s capacity to 30 million tonnes per year.
Working in different locations presents various logistical problems for companies – a problem Progressive TSL aims to tackle.
Angolan production has continued to decline, falling to 1.284 million barrels per day in November, making the government’s efforts to overhaul its energy sector and attract new investment ever more important.
Australian LNG exports will rise to 81 million tonnes in 2019-20, according to the country’s new Resources and Energy Quarterly (REQ), although the value of these will decline.
Lekoil has paid off its debt to Shell Western Supply and Trading through the raising of a new loan from FBNQuest Merchant Bank.
TGS and PetroData intend to carry out Nigeria’s first multibeam and seafloor sampling (MB&SS) study. Results will be available early in the second quarter of 2020.
Gas investments in the Middle East and North African (MENA) region are declining, according to a report from Saudi Arabia-based Arab Petroleum Investments Corp. (APICORP).
KBR has won project management consultancy (PMC) services on the front-end engineering design (FEED) work for a proposed condensate refinery plan in Nigeria.
Drilling is pressing ahead in Egypt for small producers, such as TransGlobe Energy and Rockhopper Exploration.
Ghana has had a decidedly mixed couple of months, with a major offshore discovery offsetting problems at Tullow Oil and Aker Energy.
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.
Frontier Services Group Ltd., the Hong Kong-based company founded by Erik Prince, has decided to quit a logistics joint venture with Mozambique’s national oil company, even as the country readies to receive about $60 billion of investments in natural gas export projects.
The CEO of Anglo African Oil & Gas (AAOG) has resigned in order to spend more time with Anglo Tunisian Oil & Gas (ATOG).
Nigeria’s Seplat Petroleum has completed its acquisition of Eland Oil and Gas, which owns assets in Nigeria’s Niger Delta.
Israel has approved permits to export gas to Egypt, from offshore fields. First exports are expected in January.
Total has made a major move in Angola, picking up equity in blocks previously held by Cobalt International Energy and extending the licence on Block 17.