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 […]

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 […]