The year 2020 is expected to usher in a new horizon in some of Africa’s oil and gas producing countries as they look forward for better oilfield exploration and production bargains and strategic partnership alliances with prospective investors. Increasing continent crude oil production volume amid favorable and stable crude oil price is a projected economic […]

RusselSmith, a Nigeria-based oilfield services provider, has chosen Saa Seaeye’s Cougar XT electric underwater robotic vehicle to boost its ROV fleet. “The Cougar is an ideal choice,” said RusselSmith CEO, Kayode Adeleke. “It is a powerful, highly manoeuvrable and capable ROV and we believe it will add a lot of value to our subsea operations.” […]

Airborne Oil & Gas has been awarded a large contract from an unnamed super-major through Oceaneering to supply Thermoplastic Composite Pipe (TCP) flowlines for deployment in West Africa. It is believed to be the first Thermoplastic Composite Pipe solution of this type utilized in the region and expected to save the operator up to 40% […]

TOTAL Exploration and Production Nigeria Limited (TEPNG) has restated its commitment towards achieving 100 percent local content benchmark in projects delivery. The company expressed this assertion at the Saipem Contracting construction yard during the first steel cutting on the French oil giant’s Ikike Project in Nigeria. The project which is expected to generate 3000 jobs, […]

Saipem and Daewoo E&C Co. Ltd have signed a strategic agreement for cooperation on targeted worldwide opportunities in the onshore oil and gas industry, with specific emphasis on the LNG sector. By combining both companies’ assets and expertise in engineering, procurement and construction of onshore facilities, the two companies will focus on specific prospects with […]

Nigeria LNG Ltd., the operator of Africa’s largest natural gas plant, is in talks with lenders to finance a $10 billion expansion. The company is discussing with the country’s top-10 lenders including Guaranty Trust Bank Plc and Zenith Bank Plc, to raise as much as $2 billion, and with foreign lenders and export-credit agencies for […]

The Nigerian power sector regulator- Nigerian Electricity Regulatory Commission (NERC) has granted Green Energy International Ltd (GEIL), the Operator of the Otakikpo Marginal field an embedded Licence for forty Megawatts of electricity(40 MW) power plant.This is sequel to the company’s application for the power generation Licence for the company to utilize it’s gas resources for […]

French Oil giant Total is set to spud Venus well the continent’s largest ever prospects off Namibia next year. Phil Birch, exploration director of block partner Impact Oil & Gas, said at the Africa Oil Week conference in Cape Town. that the oil giant will by next year spud an ultra-deepwater Venus prospect in Block […]

Shearwater GeoServices Holding AS (“Shearwater”) has been given a conditional letter of award for a 2D seismic acquisition and fast-track processing project by Total E&P South Africa B.V. The survey at block 11B 12B will be Shearwater’s first project offshore South Africa. It has a base duration of 2months starting in Q4 2019 and covers […]

Polarcus Limited (“Polarcus” or the “Company”) (OSE: PLCS) announces that an award has been received for a 4D marine seismic acquisition project offshore West Africa. The project duration is approximately two months and is scheduled to commence in Q4 2019 following a scheduled class docking. Polarcus (OSE: PLCS) is an innovative marine geophysical company with […]