The Home For Everyone And Everything Oil, Gas And Energy
Overall offshore project sanctioning in 2019 has surpassed the $50 billion mark, driven by Saudi Aramco’s recently announced $18 billion worth of project commitments associated with the Marjan and Berri expansion projects, Rystad Energy said on Thursday. Illustration. Author: SP Mac This is yet another signal that the offshore industry has turned a corner and can reach a …
Continue reading "Rystad: Offshore project sanctioning in 2019 on track to surpass 2014 levels"
WTI and Brent crude oil futures declined for the fourth consecutive trading day. West Texas Intermediate (WTI) and Brent crude oil futures declined for the fourth consecutive trading day. The WTI for August delivery lost $1.48 Thursday, settling at $55.30 per barrel. At one point, the light crude marker fell to $54.72. At the …
 The Ghanaian Navy will host over 10 Chiefs of Navies from across Africa along with 250 international senior officials from Navies, Coast Guards and Marine Police from Wednesday next week. They will be addressing security issues around the increasingly volatile marine and coastal waters in Africa as well as maritime contributions to economic advancement …
Continue reading "Naval Chiefs To Assemble in Accra For Gulf of Guinea Issues"
Offshore drilling firm Seadrill Partners has scored a contract in Gabon for one of its drillships. The West Polaris drillship – Image source: Seadrill PartnersSeadrill Partners said Wednesday that its drillship West Polaris had secured a contract with PC Gabon Upstream for drilling operations in Gabon. The contract is for one well, and it is …
Oil traded near a 2-week low as an increase in U.S. fuel stockpiles spurred concern that demand is waning in the world's biggest crude consumer. (Bloomberg) -- Oil traded near a two-week low as an increase in U.S. fuel stockpiles spurred concern that demand is waning in the world’s biggest crude consumer. Futures were little …
NNPC GMD, Mallam Mele Kyari, and Managing Director of Shell Petroleum Development Company (SPDC) and Chairman of Shell Companies in Nigeria, Mr. Osagie Okunbor, in a heart-to-heart discussion during the visit The Management of the Nigerian National Petroleum Corporation (NNPC) and its age-long partner, Shell Petroleum Development Company (SPDC), on Tuesday expressed resolve to grow …
West Gemini drillship. Source: Seadrill Limited Offshore drilling contractor Seadrill Limited has secured a contract for the West Gemini drillship in West Africa. Seadrill said on Wednesday that the West Gemini had secured a nine-well contract with three options, each for two wells. The total contract value for the firm portion of the contract is …
Continue reading "Seadrill secures West Africa deal for West Gemini drillship"
 French major TOTAL will be returning, within the next one year, for further exploration and appraisal of the prospects in South Africa’s Block 11B/12B offshore South Africa, where it discovered large gas condensate pools in January 2019. The Paris headquartered company has secured the Deepsea Stavanger for a multi-well drilling programme, beginning with the spud of …
Continue reading "TOTAL Returns to the Cape of Storms in Q1 2020"
Its East African foray is turning into cash in the bank for Niger Delta Petroleum Resources NDPR, the Nigerian independent. And the money is coming from the unlikeliest of places. “If there was any place elsewhere in Africa where we could access opportunities and quickly develop those opportunities into the same kind of portfolios that …
Continue reading "NDPR Has Made Some Tidy Profit in South Sudan-Fatona"
ADM Energy, an oil and gas investing company until recently known under the name of MX Oil, has appointed a new CEO. The AIM-listed company with a share in the oil-producing Aje offshore oil field in Nigeria, said Monday that Osamede Okhomina, 48, would take over the CEO Position. According to ADM Energy, Okhomina, who has …
Energy Network 