Islamist insurgents have captured a heavily-defended port in the far northern Mozambique town of Mocimboa da Praia, close to the site of natural gas projects worth some $60 billion, local media reported on Wednesday.It was one of several attacks…
Offshore workers kidnapped from an FPSO offshore Nigeria in an armed pirate attack in July, have been released, the owner of the floating production unit said Friday.In an incident that occurred on July 2, nine Nigerian crew members aboard the BW Offshore-owned Sendje Berge FPSO were kidnapped…
Cairo-based African Export-Import Bank has committed $400 million in loans and guarantees to Mozambique's $20 billion liquefied natural gas (LNG) project, the multilateral lender said on Thursday.Afreximbank's move follows a similar commitment…
Somalia expects to announce the winners of its first oil and gas licensing round early next year, as the country seeks petrodollars to help rebuild its struggling economy, a senior government oil official said on Wednesday.Battered by violence…
Rising OPEC and U.S. oil supply, coupled with stalled economic and crude demand recovery, have pushed the futures market structure back to indicating a surplus, last observed during oil's collapse in April and May amid the coronavirus pandemic…
Royal Dutch Shell said on Thursday its second-quarter writedowns include the OPL 245 license for an offshore oilfield in Nigeria which it holds alongside Eni and which is at the center of an ongoing corruption court case in Italy.Italian prosecutors…
French oil major Total has struck a deal with Perenco to sell its interest in seven offshore oil fields in Gabon.Total said Thursday that its 58% owned affiliate Total Gabon had signed an agreement with Perenco to divest its stakes in seven mature non-operated offshore fields…
Tullow Oil said on Wednesday it was set to book $1.4-1.7 billion in impairments before tax in its half-year results, as it follows larger rivals in lowering its oil price forecasts.Tullow, which had a market capitalization of around $508 million after markets closed on Tuesday…
Italian oil and gas giant Eni, along with partners Total and BP, has made a gas discovery in the Mediterranean Sea, offshore Egypt.The discovery was made at the Bashrush well on the Eni-operated North El Hammad license, located eleven kilometers off the Egyptian coast…
LR has appointed Mike Holliday as Marine & Offshore president for South Asia, the Middle East, and Africa (SAMEA).In his new role, Holliday will lead LR’s Marine and Offshore operations across SAMEA, primarily based in Singapore, and be responsible…
Australia's Woodside Petroleum said on Tuesday it is considering blocking Russia's Lukoil from becoming a partner in the $4.2 billion Sangomar oil project, which it could do by increasing its stake in Senegal's first oil development.Woodside…
Nigeria's Lagos Deep Offshore Logistic Base, LADOL, serving the country's offshore oil and gas industry, now has a new crane in operation - Mammoet Terminal Crane (MTC 15).LADOL and Mammoet had in January signed a partnership agreement aimed…
Russian oil company Lukoil has signed an agreement with Cairn Energy to acquire a 40% interest in the Rufisque, Sangomar and Sangomar Deep) - RSSD - project offshore Senegal for $300 million in cash. The agreement also provides for potential…
Seismic data company ION Geophysical has announced its first 3D multi-client program in Mauritania in partnership with the country's Ministry of Petroleum, Mines and Energy (MPME). ION will integrate and reimage ~24,000 sq km of MPME-held 3D data and says it can expand the scope to include ~15…
Italian prosecutors have asked for oil majors Eni and Shell to be fined and some of their present and former executives, including Eni CEO Claudio Descalzi, to be jailed in a long-running trial over alleged corruption in Nigeria.In one of the oil industry's biggest alleged scandals…
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