Offshore drilling contractor Borr Drilling has secured new contract commitments for three of its premium jack-up rigs, with other rigs in its fleet also preparing for drilling jobs across the world.Borr Drilling secured new contract awards for the rigs Thor, Gerd and Norve, with an expected combined duration of 774 days and estimated contract revenues of approximately $120 million, excluding mobilization and demobilization fees…
Australia-based oil exploration and production company Grand Gulf Energy has entered into a binding option agreement to acquire 100% of Wrangel, which is an applicant for a 70% working interest in a license at Walvis Basin, offshore Namibia…
Lime Petroleum, a subsidiary of Rex International, has signed a contract with Borr Drilling’s affiliate Borr Gerd Limited for a jack-up drilling rig, which will be used in a campaign offshore Benin in West Africa.Lime Petroleum signed up the…
Crane specialist Liebherr has supplied two offshore cranes to Yinson Production, which will support the operations of Agogo floating production storage and offloading unit (FPSO) at Azule Energy’s field offshore Angola.Two offshore cranes of…
Nigerian President Bola Ahmed Tinubu has appointed Bayo Ojulari, a former Shell executive, to head the state-owned oil firm NNPC Ltd as the country seeks to raise oil production and revitalise its refining capacity, the presidency said on Wednesday…
XRG, a subsidiary of Abu Dhabi National Oil Company (ADNOC), has completed the acquisition of Galp’s 10% interest in the Area 4 concession in Mozambique's Rovuma Basin.The Rovuma Basin, one of the largest gas discoveries in the past 15 years…
Offshore engineering solutions firm Aquaterra Energy has secured a multi-million-dollar contract with Intrepid Energy Limited (IEL) to deliver a bespoke subsea well intervention equipment package for a project in Nigeria.Aquaterra Energy will…
Norwegian offshore supply vessel operator DOF Group has secured a ‘very large’ subsea umbilical, riser, and flowline (SURF) project for an undisclosed energy company offshore Africa.Under the contract, DOF will deliver its full suite of project management…
Eni and Petroci have announced a significant increase in gas supply for Côte d'Ivoire’s power generation system from the Phase 2 of the Baleine offshore project.Launched in December 2024 on schedule, Phase 2 of the Baleine project marks another…
Vitol will acquire interests in certain assets owned by Eni, including including the Baleine project in Cote d’Ivoire and Congo LNG project in the Republic of Congo, for $1.65 billion.According to the agreement between the parties, Vitol will…
Norwegian offshore services company Argeo has completed deepwater work at TotalEnergies’ Venus project, offshore Namibia, taking somewhat longer than expected.Argeo mobilized its Argeo Venture vessel for the job, which is now demobilizing in Walvis Bay…
Australian oil and gas company Woodside Energy has decided not to exercise its option for the farm-in to the PEL 87 block offshore Namibia, operated by Pancontinental Energy’s subsidiary.Pancontinental has received notification from Woodside…
Norwegian offshore supply vessel operator DOF Group has secured a contract for the installation of a floating, production, storage and offloading (FPSO) unit from an undisclosed client offshore Africa.DOF will deliver project management, engineering…
Shell has completed the sale of its Nigerian onshore subsidiary, the Shell Petroleum Development Company of Nigeria Limited (SPDC), to Renaissance as part the $1.3 billion agreement announced early in 2024.The divestment of SPDC aligns with…
The board of the U.S. Export-Import Bank approved a nearly $5 billion loan for a long-delayed LNG project in Mozambique, clearing a key hurdle to restarting the project under development by French oil major TotalEnergies.The Export-Import Bank had previously agreed a $4…