Tullow Oil expects to report a $1.5 billion writedown after lowering its long-term oil price assumptions by $10 to $65 a barrel, an announced reduction in reserves in Ghana and disappointing exploration wells, it said on Wednesday.'Tullow expects…
BW Offshore's exploration and production subsidiary BW Energy is gearing up for an initial public offering of shares in the first quarter of 2020, and listing on the Oslo exchange an independent company.BW Energy was established by the FPSO…
The Energy Transition and Extinction Rebellion may have led the energy news agenda and stimulated reflection in many exploration and production (E&P) boardrooms in 2019, but the impact on exploration drilling is not yet apparent. The global high impact well[1] count in 2019 was 91 wells…
As the New Year kicks off this week, some of Africa’s oil and gas producers are looking forward to fast-tracking approved offshore exploration plans to counter falling production volumes and meet the increasing demand especially for natural…
Bourbon Marine & Logistics announced on Monday that it has been awarded an integrated logistics contract from Total to support the supermajor's deep offshore exploration campaign in South Namibia in 2020. The project scope covers provision of logistics base…
Suppliers of drilling and subsea services and equipment may already be feeling the partial lift offered by West African nation Angola clearing offshore investment bottlenecks.On Monday, Bergen-based subsea cable layer, Oceanteam, announced its vessel…
After a disappointing well-drilling venture offshore Namibia in the fourth quarter of 2018, Guernsey-registered hydrocarbons exploration and production company Chariot Oil & Gas has no immediate plans for additional exploration wells in this driest country in Sub-Saharan Africa…
South Africa is committed to fast-tracking the finalization of the proposal to split the pending Minerals and Petroleum Resources Development Bill to have a separate legislation and specific regulatory framework for the oil and natural gas sector…
Oslo-listed Electromagnetic Geoservices (EMGS) has been awarded a contract from Nabirm Global LLC for a proprietary 3D CSEM survey over Block 2113A in the Walvis Basin offshore Namibia.The program, valued at over $1 million, will cover acreage in block 2113A…
Multinational oil and gas exploration company Tullow Oil plc will in the next two months launch a bid to acquire 3,000 square kilometers 3D seismic survey after the firm successfully completed its entry into the Africa’s east coast volcanic archipelago of Comoros…
Namibia marine diamond mining company, Debmarine Namibia announced that its Board of Directors have approved the construction of the world’s first ever custom-built diamond recovery vessel.The new vessel is expected to cost US$468 million and…
As many as six high impact wells are yet to be completed this year around Africa, after several consecutive low-activity years with only a few positive results.According to the energy research and business intelligence company Rystad Energy…
South Africa’s offshore space is getting busier ahead of the finalization of the country’s oil and gas regulatory framework as more well-endowed exploration firms position themselves for a long-drawn exploration of the country’s under-explored offshore hydrocarbon reserves…
South Africa continues to make progress in its endeavor to woo increased investment in the country’s highly under-developed offshore oil and gas market as the government’s slow and delayed plan to make cuts on crude oil imports begins to take shape…
ExxonMobil has grown its footprint in the deep waters offshore Namibia, adding approximately 28,000 square kilometers of exploration acreage in in the frontier region, the supermajor said on Wednesday.ExxonMobil said it signed an agreement with…
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