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The company is intensifying efforts to deploy technologies at brownfields and greenfields in an effort to raise stagnant oil and gas production, according to its CEO.
Pascal Houangni Ambouroue, the Gabonese minister of petroleum, spoke to Hart Energy about the country’s focus on encouraging investment in Gabon’s unexplored offshore reserves.
The ship is scheduled for integration of its six topsides at Tarkwa Bay in Lagos, Nigeria. Failing to reach an agreement with the NPA would reduce Nigerian content in the project and erode confidence about its viability.
Jasper Peijs, vice president of exploration in Africa for BP, shared insight on the company’s operations across the continent.
The CEO of the state-owned company says he wants to change the way the company does business and set clear objectives and implementation plans.
A London judge had ordered Tullow this month to pay rig owner Seadrill about $254 million, saying Tullow was wrong to end the contract on the grounds of force majeure over a maritime border dispute in West Africa.
TechnipFMC (NYSE: FTI) said July 2 it has been awarded a contract by Total E&P Angola for the Zinia Phase 2 field development, located offshore Angola at a water depth between 800 m (2,624 ft) and 1,000 m (3,280 ft).
The contract scope includes the tie-back development of two reservoirs to the existing Pazflor FPSO in Block 17.
Offshore work is scheduled to commence in the second half of 2019.
In parallel with the FEED, the consortium will finalize plans to secure access to some $184 million of development capital that will be required to fund the project.
Atwood said one of its subsidiaries agreed to a one-well contract with Kosmos for operations offshore Northwest Africa. The day rate was not disclosed.
The Pacific Bora, a sixth-generational double-hulled drillship, is currently in Nigeria. It should be mobilized to the Oyo Field and on site in June, and can be used for drilling and well completion, the press release said.
VAALCO Energy, Inc. announced that it has executed an agreement with Transocean Ltd. regarding the remaining contract term associated with the Constellation II rig.
Kaombo is a development at Block 32 about 260 km offshore Angola; there are six fields that will be tied back to two converted FPSOs in water up to 2,000 m.
The 340-m long production vessel, named after late Ghanaian president Prof John Evans Atta Mills, was converted in Singapore from a very large crude carrier (VLCC) super-tanker and is expected to set sail this weekend to Ghana, where it is scheduled to gradually ramp up production from the TEN deepwater oilfield from July/August this year, the company’s COO Paul McDade said on Jan. 21.
Protesters demanding more security in Turkana began blocking trucks carrying oil from Tullow’s fields in July.
Cabinet spokeswoman Ana Comoana said the companies could now go ahead with mining operations to tap offshore oil reserves that experts say are enough to supply energy to Britain, France, Germany and Italy for over 20 years.
Tullow is aiming for a final investment decision on its $2.9 billion Kenya project in late 2019, which would open up the country’s oil industry to exports.
The facility that was targeted on July 14 is called Station 186 and was also attacked last year.
A London judge ordered Tullow to pay Seadrill around $254 million saying Tullow was wrong to end a rig contract in Ghana on grounds of force majeure over a maritime dispute.
Press reports said Agyarko was removed because Akufo-Addo was unhappy with his handling of an agreement to extend an existing five-year deal with United Arab Emirates-based AMERI Energy to operate a 300MW emergency power plant.
PENGASSAN, whose members are mostly managers in the upstream oil industry, began industrial action Dec. 18 over layoffs made by a Nigerian oil and gas company.
Mozambican President Filipe Nyusi has sacked four ministers, including those with the foreign affairs and energy portfolios, his office said on Dec. 12, without giving a reason.
A Nigerian militant group, whose attacks on energy facilities in the Niger Delta in 2016 helped push Africa’s biggest economy into recession, said on Nov. 3 it had ended its ceasefire.
An engineer at the field and a statement from protesters had said Nov. 1 that protesters had shut down 40,000 barrels per day from the fields.
Long-awaited amendments to Algeria’s energy law are expected to be finalized by early next year, Energy Minister Mustapha Guitouni said on June 7.
A Nigerian civil rights group launched a legal case on May 8 aimed at forcing the government to revoke a disputed 2011 oilfield deal at the center of a string of international corruption investigations.
Libya had not given the required formal approval to the Total-Marathon deal, meaning it could be blocked, the source added.
Dutch prosecutors confirmed they had received the complaint against Peter Robinson, a former vice president for sub-Saharan Africa.
Algeria plans to offer tax incentives in a planned new energy law to attract more investment and is in discussion with foreign energy firms including BP (NYSE: BP) and Anadarko Petroleum Corp. (NYSE: APC) to exploit its shale gas reserves, officials said on March 25.