Will East Africa Find Oil Amid Challenges?
New exploration frontiers give hope to the region’s offshore market.
July 18, 2019
Africa
Aker Energy Lands Funding For Deepwater Project Offshore Ghana
The Aker Energy-led Deepwater Tano Cape Three Points (DWTCTP) block offshore Ghana has received funding from Africa Finance Corp. (AFC), according to a news release.
July 17, 2019
Expro Secures Work For Petronas’ Chinguetti Field
The contract, valued at $20 million, will see Expro provide its IRS system with associated surface support equipment, to be deployed from Pacific Drilling’s drillship, Pacific Santa Ana.
July 15, 2019
Survey: OPEC Output Hits New Low On Trump's Sanctions, Supply Pact
Despite lower supplies, crude oil prices have fallen from a six-month high above $75 a bbl in April to below $63 on July 5, pressured by concern about slowing economic growth
July 8, 2019
Brent Oil Inches Up On Iran Tensions, OPEC, While US Crude Calls
Brent oil ticked higher on Friday, supported by tensions over Iran and the decision by OPEC and its allies to extend a supply cut deal until next year, while U.S. benchmark crude prices fell on weak economic indicators.
July 5, 2019
Discovery Boosts Resource Potential Offshore Senegal For BP, Partners
The Greater Tortue Ahmeyim-1 hit 30 m (98 ft) of net gas pay, partner Kosmos Energy said in a news release.
July 1, 2019
OPEC Set To Extend Oil Cuts As Iran Endorses Pact
"It’s a rollover and it’s happening,” Saudi Energy Minister Khalid al-Falih, whose country is the de facto leader of OPEC, told reporters on June 30.
July 1, 2019
Shell, Exxon Mobil Eye Return To Somalia Ahead Of Oil Block Round
Shell and Exxon Mobil had a joint venture on five offshore blocks in Somalia prior to the toppling of dictator Mohamed Siad Barre in the early 1990s.
June 28, 2019
Timelines Slip For Tullow Oil’s Kenyan, Ugandan Projects
Britain’s Tullow Oil has delayed the final investment decision (FID) for its Kenya project to 2020 and has not yet sealed a tax deal in Uganda that is needed for the progress of its plans there with Total, Tullow said on June 26.
June 26, 2019
Weatherford Exec Discusses MENA Region’s Changing Landscape
Competition heats up for oilfield service providers in the Middle East and North Africa region as key trends around AI and big data emerge.
June 21, 2019