U.S. oil and gas company Anadarko has signed a gas sale and purchase agreement (SPA) with CNOOC Gas and Power Singapore Trading & Marketing Pte. Ltd. (CNOOC), for gas to be produced from its gas field offshore Mozambique. The SPA is for 1.5 million tonnes per annum (MTPA) for a term of 13 years. Illustration: A drillship …
Global Offshore Oil Set to Rebound?
by  Jude Clemente | Rigzone Contributor | Offshore spending is expected to increase 4-5% in 2019 and even outgrow onshore investment. Typically the last sector to resurge when oil prices start to rise again, the global offshore oil industry appears to be in a rebound period. Offshore spending is expected to increase 4 to …
Panoro Energy to increase Tunisia output. Prepares for Sfax drilling
Oslo-listed Panoro Energy has revealed plans to increase daily output and the reserve base on its Tunisian TPS assets which it recently bought from OMV and is also preparing for drilling at the Sfax offshore permit. Map by Panoro Energy Panoro said on Friday that the highest impact near-term opportunity would be the resumption of …
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Woodmac: Five offshore wells to watch in 2019
Latin America and southern and western Africa are the regions to keep a close eye on when in comes to offshore exploration, energy intelligence group Wood Mackenzie said in its analysis on Monday, also sharing the top five offshore exploration wells expected to be drilled in 2019. One of them could potentially hold 5 billion barrels. …
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Crude Oil Loses Momentum
by  Matthew V. Veazey | Oil futures got off to a good start Monday, but their momentum tapered off. After ending last week on a positive note and sustaining that momentum earlier on Monday, West Texas Intermediate (WTI) and Brent crude oil futures faltered later in the day. The March WTI contract price lost 70 cents Monday …
EXTENSION OF DEADLINE FOR REGISTRATION/SUBMISSION OF STATEMENT OF QUALIFICATION (SOQ) FOR NIGERIAN GAS FLARE COMMERCIALIZATION PROGRAM
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FG launches ‘Project 100’ to support local oil, gas service firms
 The Ministry of Petroleum Resources in conjunction with the Nigerian Content Development and Monitoring Board (NCDMB) on Thursday launched Project100 to provide institutional and financial support to 100 Indigenous oil and gas service companies. The project targets indigenous companies offering seismic, marine, engineering and drilling services and will provide financial and non-financial as well as …
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Petrobel takes Shelf Drilling’s jack-up for operations in Egypt
A jack-up drilling rig. Source: Wikimedia; Author: Nandu Chitnis – under the CC BY-SA 2.0 license Offshore drilling contractor Shelf Drilling has received a contract award for one of its jack-up rigs with Belayim Petroleum Company (Petrobel) for operations in the Gulf of Suez, offshore Egypt. Shelf Drilling said on Monday that the Trident 16 jack-up drilling rig …
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Senegal hires advisor for offshore oil & gas projects
Senegal government has hired Doris Engineering to provide advisory services to Senegalese Ministry of Petroleum and Energies for the development for the development of oil & gas projects offshore Senegal. SNE development schematic – Source: CairnDoris Engineering will focus on two projects: Grand Tortue Ahmeyim, operated by BP, and the SNE project, operated by Woodside. …
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AAOG in Djeno discovery, offshore Congo
Anglo African Oil & Gas plc, an independent oil and gas developer, has informed that TLP-103C well at its Tilapia licence in the Republic of the Congo has intersected the targeted Djeno horizon and that hydrocarbons were encountered. Aerial view of AAOG Congo site / Image AAOGThe Tilapia field is located 1.8 kilometers offshore of the …
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