LEKOIL the oil and gas exploration and production company with a focus on Nigeria and West Africa, has shown an  Intention to enter into Convertible Facility Agreement (“CFA”), allowing the Company to draw down up to £200,000, primarily to fund legal costs for the protection of shareholder value as well as to cover some ongoing […]

BW Offshore an Oslo Stock Exchange listed company has said that it has settled the completion of the USD 1.150 billion project debt financing for the construction and operation of the FPSO for the Barossa gas field operated by Santos’ subsidiary Santos NA Barossa Pty Ltd on behalf of its joint venture partners.   The combined […]

BOURBON announced that it has been awarded by SHELL a fully integrated logistics package contract comprising of international freight forwarding, integrated logistics services and PSV (Platform Supply Vessel) services to support two deepwater offshore exploration campaigns in Namibia and Sao Tomé. The project’s scope covers: the international shipment and clearance of SHELL’S and its subcontractors’ […]

Maersk Drilling has been awarded a contract with Harbour Energy for the jack-up rig Mærsk Innovator to drill three subsea development wells in Block 28/9 on the UK Continental Shelf. The contract is expected to commence in December 2021. “We’re excited to secure this contract with Harbour Energy which will see Mærsk Innovator go back […]

The Biden administration said that it is set to resume selling oil and gas drilling rights in the Gulf of Mexico and throughout the western U.S., after a judge ruled the president’s leasing pause was unlawful according to world oil reports. The Interior Department said it planned to issue a formal notice in September to […]

Seadrill Limited (“Seadrill” or “the Company”) (OSE:SDRL, OTCPK:SDRLF) announces that the Company has reached a settlement agreement with Northern Ocean Ltd. (“NOL”) predominantly with respect to balances outstanding from Seadrill’s preparation of the West Mira and West Bollsta rigs. The settlement agreement closes all outstanding balances, claims and counter-claims between the companies and their respective […]

Global integrated logistics and materials management company, ASCO, will play a major role in the development of Senegal’s offshore energy industry following a contract award by Senegal Supply Base (SSB). SSB, which is owned by a consortium of national businesses known as COSENI, has contracted ASCO as sole provider of quayside management for all offshore […]

VAALCO Energy a Houston, USA based, independent energy company with production, development and exploration with assets base in the West African region has announced that, in conjunction with its 2021/2022 drilling program planned to begin later this year, it has executed a contract with Borr Jack-Up XIV Inc., an affiliate of Borr Drilling Limited, to […]

The holding company to fast track development of the proposed East African Crude Oil Pipeline (EACOP) is expected to come into force by September while construction is scheduled to kick off in the second half of 2022, according to an official media release. The EACOP general manager, Mr Martin Tiffen recenctly stated that the company […]

Tethys Oil’s share of the production, before government take, from Blocks 3&4 onshore the Sultanate of Oman amounted in June 2021 to 342,446 barrels of oil, corresponding to 11,415 barrels of oil per day. Oil production in Oman is currently subject to production limitations under the OPEC+ agreement. As a consequence, production from Blocks 3&4 […]