DOF Subsea a leading provider of subsea project and marine services company has been awarded an integrated Field Support Vessel (FSV) contract with an international oil company in Angola. The project shall utilize Skandi Seven for a minimum of 303 firm vessel days plus 365 days of options. The Contract also includes the potential supply […]

Royal Dutch Shell is looking to slash up to 40% off the cost of producing oil and gas in a major drive to save cash so it can overhaul its business and focus more on renewable energy and power markets, sources told Reuters. Shell’s new cost-cutting review, known internally as Project Reshape and expected to […]

Tanzanian president John Magufuli and his Ugandan counterpart Yoweri Museveni on recently gave a green light for the construction of the 1,443km heated oil pipeline that will transport oil from Hoima in Uganda through Chongoleani in Tanga, Tanzania to the world market, saying the remaining issues should immediately be concluded. The two leaders, who met […]

The Libyan National Army, the military group that has imposed an eight-month oil blockade on the OPEC producer, has promised to reopen the country’s energy shipments following talks with other Libyan groups, the US embassy in Tripoli said in a statement on Sept. 12 according to Platt media. After US Ambassador in Tripoli Richard Norland […]

The Nigeria Government has applauded Waltersmith Petroman Oil Limited and the Nigerian Content Development and Monitoring Board (NCDMB) for their effective partnership that led to the record completion of the Waltersmith 5000 barrels per day modular refinery within two years.  The Honourable Minister of Information and Culture, Chief Lai Mohammed conveyed the  commendation on recently after touring the project facilities  at Ibigwe, Imo State, Nigeria in the company of the Executive Secretary of NCDMB, Engr. Simbi Kesiye Wabote.  The construction of the 5000bpd modular refinery was […]

Tanzania Petroleum Development Corporation’s Managing Director, Dr James Mataragio said in Dar es Salaam recently that the  government in  talks with the consortium of International Oil Companies  led by Royal Dutch Shell and Equinor in paving way for the country LNG final investment decision. He noted that progress has been made with TPDC paying over […]

Nigeria Government asked a court in Milan to order Royal Dutch Shell and Eni to pay the sum of $1.092 billion as an immediate advance payment for damages in the Malabu oil scandal, one of the oil industry’s biggest-ever corruption scandals. During the hearing into the corruption allegation linked to the acquisition of the OPL […]

South Sudan’s state-controlled Nile Petroleum Corporation (Nilepet)  is on the verge of taken over the management of some oilfields in the country by 2027, when the operatorship contract of these oilfields  with China National Petroleum Corporation (CNPC) is expected to expire. Nilepet’s managing director Chol Deng Thon Abel told Bloomberg in a recent interview. CNPC […]

Sahara Energy Logistics Holding Limited (a Sahara Group company) and Société Nationale d’Opérations Pétrolières de la Cote d’Ivoire (The National Oil Company of Cote d’Ivoire, Petroci Holding), have entered into a Joint Venture Agreement (JVA) to facilitate the construction of a 12,000 Metric Tonnes Liquefied Petroleum Gas (LPG) storage facility to guarantee LPG supply security in […]

Ramform Sovereign has completed a large acquisition project offshore Angola using multisensor GeoStreamer technology. Operational and geological objectives were achieved successfully and safely, despite the Covid-19 restrictions. The 2020 PGS Namibe Basin survey connects the 3D seismic coverage of southern Angola with PGS seismic data library coverage in Namibia, completing a large MultiClient footprint of […]