Following the announcement on November 30 2021, with respect to the signature of the contracts for FPSO Alexandre de Gusmão, SBM Offshore is pleased to announce that it has entered into a shareholder agreement with its long standing business partners Mitsubishi Corporation (MC) and Nippon Yusen Kabushiki Kaisha (NYK). MC and NYK have acquired a respective 25% and […]

First ever pipe-in-pipe flowline for production in India as part of ONGC’s KG-DWN 98/2 project Deploying more than 2,000 crew members, McDermott successfully navigated both the challenges of COVID-19 and an active monsoon season to deliver a gas field, known as the U-Field, for ONGC’s KG-DWN 98/2 Block project. “Completing this season of the Bay […]

Panoro Energy ASA has appointment the new Country Managers to pilot the African affairs of the company. These reasoned technocrats include; Sofiane Gaied, who joined Panoro as Country Manager Tunisia in 2018, Ghislain Boukoubi has been appointed as Country Manager Gabon, and Antonino Edjang Ondo has been also appointed as Country Manager Equatorial Guinea. Panoro’s […]

As part of its commitment to empowering more Nigerians, stimulating economic activities, and widening the broadband envelope in Africa with affordable broadband connectivity, West Africa’s pioneer solar-based internet service provider, Tizeti, has partnered with Microsoft Corp. to roll out high-speed Airband internet infrastructure in Oyo State. With forty percent broadband penetration in December 2021, millions […]

bp ventures has made a £3 million equity investment in Flylogix – a pioneering unmanned aerial vehicle (UAV) business that uses drones to aid methane detection Flylogix leverages unmanned drones to measure methane offshore Investment will spur crossover into renewables industry and entry to new geographies Technology plays critical role in helping bp to reduce its operational […]

Neptune Energy and its partners today announced hydrocarbons were encountered at the Hamlet exploration well in the Norwegian sector of the North Sea. Having entered the reservoir, located within the Gjøalicence (PL153), logs encountered hydrocarbons and a decision was made to initiate coring. The operations in the reservoir section are still at an early stage […]

Saipem has been awarded a contract by Aker BP for a drilling campaign offshore Norway. The operations are expected to start from the end of Q4 2022, upon termination of the works in which Scarabeo 8 is currently engaged. Scarabeo 8 is a Saipem semisubmersible drilling rig able to work in harsh environments. It is […]

Tlou Energy confirms that the contract for the construction of the transmission line to connect the Lesedi Power Project to the Botswana’s electricity grid has been signed. The Lesedi and Mamba Projects already benefit from significant independently certified 2P gas Reserves of ~41 BCF. In addition, 3P gas Reserves of ~427 BCF and Contingent Gas […]

Eco (Atlantic) Oil & Gas, the oil and gas exploration company focused on the offshore Atlantic Margins, has signed a Commercially Binding Term Sheet to acquire 100% of JHI Associates Inc., including JHI’s 17.5% Working Interest (‘WI’) in the Canje Block offshore Guyana. The Acquisition JHI is a private company incorporated in Ontario and headquartered […]

The impart on the prevailing economic sanctions placed on Rusian by U.S and her European allies under the auspices of North  Atlantic Treaty Organisation NATO owing to Russian unprovoked invasion of Ukraine is severally creating palpable effect on major state owned companies.  The recent economic blow is coming from the nation’s  oil and gas giant […]