Equinor and state-owned Petróleos de Venezuela (PdVSA) have completed a transaction whereby Equinor will transfer its 9.67% non-operated interest in the Petrocedeño project onshore Venezuela to Corporación Venezolana del Petróleo (CVP), a PdVSA company.  The Petrocedeño project aims to upgrade extra-heavy crude oil into lighter crude from the Orinoco Belt area (onshore Venezuela). As a […]

In a bidto scale up clean energy production capacity in Gabon, IFC, the Government of Gabon, Meridiam Infrastructure Africa Fund FIPS (MIAF), Meridiam Infrastructure Africa Parallel Fund FIPS (MIAPF) and the Fonds Gabonais d’Investissements Strategiques (FGIS), with the support of the Government of Canada, today announced a financing package for the Kinguele Aval hydropower plant, […]

Ghana Ghana’s sole oil refinery Tema remains offline and the plant is unlikely to restart for a few more months due to a lack of crude and feedstock, a source close to the matter said. The plant has only operated for about two months in 2021 and repair works are being carried out. It had […]

Solstad Offshore has been awarded a contract with a key client for the CSV Normand Energy. The vessel will support subsea operations in West Africa. The contract will commence Q3 2021 and have a firm duration of 13 months. The Normand Energy is a large construction vessel equipped with a 250 tons active heave compensated […]

FAR Limited has announced the completion of the sale of its entire interest in the Senegal RSSD joint venture to Woodside Energy (Senegal) BV. In line with guidance given at the FAR Annual General Meeting, and as a result of completion, FAR has received US$126 million from Woodside. Additional payments to FAR, up to US$55 […]

Valaris Limited said that it has been awarded a four-well contract with BP offshore Mauritania and Senegal for drillship, VALARIS DS-12. The contract is expected to commence in the first quarter of 2022 with an estimated duration of 285 days. The above contract is coming barely weeks of ARO Drilling’s contract with Aramco has been […]

ExxonMobil Chemical Company has signed an agreement with Celanese for the sale of its global SantopreneTM business for $1.15 billion, subject to working capital and other adjustments.  $1.15 billion sale advances strategic business objectives Sale includes two manufacturing sites in the United States and United Kingdom The sale includes two world-scale manufacturing sites in Pensacola, Florida […]

Equinor has awarded around NOK2.19bn ($255m) in contracts divided between Aker Solutions, TechnipFMC and Aibel following the decision to develop the Lavrans and Kristin Q discoveries in the Norwegian Sea. The contracts are subject to government approval of the plan for development and operation the Norwegian energy giant filed together with its partners Petoro, Vår […]

The Board of Directors of Elkem ASA has announced that CEO Michael Koenig has handed in his resignation and will leave Elkem effective from 30 June 2021. Elkem will now initiate a succession process to recruit its next CEO. Helge Aasen will serve as interim CEO. “We thank Michael for serving Elkem in key leadership […]

Baker Hughes has announced that it has been awarded two flexible pipe  contracts by Petrobras in the second quarter of 2021. The first contract covers up to 96 kilometers of flexible pipe for the Sapinhoá and Tupi fields and the second contract covers up to 226 kilometers of flexible pipe for the Marlim 2 and Itapu fields. […]