NLNG Train 7: NNPC, Partners Take Final Investment Decision

NNPC GMD, Mele Kyari (sitting 3rd right), making the announcement of the Final Investment Decision (FID) on the NLNG Train 7 taken by the Board of the NLNG in Abuja The Nigerian National Petroleum Corporation (NNPC and its investment partners, Shell, Total and ENI, have taken the Final Investment Decision (FID) to go ahead with …

Oil Up After US Strike Kills Top Iran General

Oil jumped close to $70 a barrel after a U.S. airstrike ordered by President Donald Trump killed a top Iranian general in Iraq. (Bloomberg) -- Oil jumped close to $70 a barrel after a U.S. airstrike ordered by President Donald Trump killed a top Iranian general in Iraq, intensifying fears of conflict in the world’s …

Valaris gets $200 million payment in Samsung Heavy arbitration, secures more rig work

Offshore drilling contractor Valaris has received a $200 million payment following the conclusion of arbitration proceedings with Samsung Heavy and has secured new contracts for its rig fleet, adding $100 million to its contract backlog.  Illustration; One of Valaris’ drillships; Image by: CellsDeDells; Source: Wikimedia – under the CC BY-SA 3.0 licenseValaris said earlier this week that it …

Maersk Drilling gets more work for jack-up and drillship

Danish offshore drilling contractor Maersk Drilling has secured more work for a jack-up rig and a drillship offshore the UK and Africa, respectively.  Maersk Innovator rig; Source: Maersk DrillingIn its latest fleet status report, released on Wednesday, the rig owner said that CNOOC Petroleum Europe had exercised a one-well option for the Maersk Innovator jack-up rig in …

Springfield completes Ghana drilling… Remains mum on size of discovery

Ghanaian oil and gas exploration company Springfield has said it has completed its maiden deepwater drilling campaign offshore Ghana which resulted in a recently announced significant oil discovery. The company, however, has yet to officially disclose the size of the oil find made. Springfield on Tuesday said the Afina-1x well had been drilled to a …

Ghana’s Springfield makes a Discovery in Deepwater

  By John Ankromah Ghanaian homegrown independent, Springfield Exploration and Production has discovered oil in its very first attempt at drilling. The company encountered 50 metres net light oil pay in high quality Cenomanian sand stones, in the West Cape Three Points Block 2 (WCTP2)  Offshore Ghana, according to very impeccable sources at the country’s …

Savannah Now Owns the Seven Asset

  By Dahlatu Bashir Savannah Petroleum, the UK listed minnow, has become a full-cycle E&P company following transformational acquisition of ‘the Seven Assets’, comprising largely the hydrocarbon properties owned by the defunct Seven Energy. Following a drawn out transaction, which began in October 2017, Savannah, with market capitalisation of $260Million, now owns An 80% interest …

TGS-PetroData Acquires Data, Ready For ‘Forthcoming’ Licencing Round

  TGS-PetroData is to commence a regional Multi beam and Seafloor Sampling (MB&SS) Programme, covering 80,000 square kilometres of both allocated and non-allocated blocks from offshore to deep offshore Niger-Delta, in December 2019. The new survey will capture 200 core locations and provide crucial de-risking of the petroleum system, “to help better inform exploration and …