Saipem has been awarded a new offshore contract by Azule Energy Angola S.p.A., subsidiary of Azule Energy Holdings Limited, an incorporated joint venture between Eni and bp, for the development of the Ndungu Field as part of Agogo Integrated West Hub Project, located approximately 180 km off the coast of Angola. The value of the […]

Yinson Production has announced the successful closing of the limited recourse term loan facility of up to USD 1.3 billion for the pre- and post-delivery financing of the Agogo FPSO. The financing is provided by a consortium of 13 lenders, including international banks and institutional investors, and will be utilised over the course of the construction […]

Sintana Energy Inc. has announce that Chevron Namibia Exploration Limited (CNEL), an affiliate of Chevron Corp. (“CVX”) has executed an agreement effective April 28th that provides for their entry into Petroleum Exploration License 82 (PEL 82) with the assumption of an 80% working interest and operatorship.  NAMCOR, the National Petroleum Corporation of Namibia, and Custos […]

Afentra plc the upstream oil and gas company focused on acquiring production and development assets in Africa, provides the following update regarding the previously announced Angolan acquisition. Government Approval of Azule Acquisition Afentra is pleased to announce that it has received approval from the Government of Angola for the previously announced acquisition of a 12% […]

Sintana Energy Inc  has  announced that it has entered into a definitive agreement dated effective April 24th, 2024 with Crown Energy (Pty) Ltd.,  a private Namibian company providing for the acquisition by the Company from Crown of up to 67% of the issued and outstanding shares of Giraffe Energy Investments (Pty) Ltd. Giraffe is the […]

Sintana Energy has provided update regarding the ongoing exploration campaign on blocks 2813A and 2814B located in the heart of Namibia’s Orange Basin, emerging as one of the world’s most prospective oil and gas regions. The blocks are governed by Petroleum Exploration License 83 (PEL 83) which is operated by a subsidiary of Galp Energia […]

The Government of Mozambique approved, at the 9th Ordinary Session of the Council of Ministers, held on March 26, 2024, the terms and conditions of the Concession Contracts for Research and Production of Hydrocarbons in Areas A6-E, A6-G, A6-D, S6-A and S6-B, awarded to the multinational China National Oil Corporation Hong Kong Holding Ltd (CNOOC) […]

Further to the announcement of 12 February 2024, Corcel Plc (London AIM: CRCL) provides an update on the testing of the TO-14 well in the onshore Block KON-11, in Angola, where it has a 20% working interest (18% net). The Operator is Sonangol, one of the largest hydrocarbon producers in Angola. Operations Update: Testing of the […]

Yinson Production has appointed TMC Compressors to supply a large marine compressed air system to its Agogo FPSO. TMC will provide a large-capacity marine compressed air system including compressors for control and service air on board the Agogo FPSO. “We are delighted to maintain our position as the global market leader for supply of marine […]

The Nordex Group has obtained an order to supply and install 57 N163/5.X turbines from the Delta4000 series in South Africa. The order also includes a Service contract for maintenance of the turbines. The order is for a cluster of three wind farms with 112.1 MW each. The wind farms are located in the Eastern […]