Oil company Tower Resources, working on development on the Thali offshore Block in Cameroon, has declared force majeure, citing the impact of COVID-19 and travel restrictions on its operations.'Petroleum operations in Cameroon have already been affected by consequences of the Covid-19 pandemic…
Nigeria's petroleum regulator has ordered oil and gas companies to reduce their offshore workforce and move to 28-day staff rotations as part of measures to curb the spread of the coronavirus, according to a circular seen by Reuters.The restrictions…
Vaalco Energy has said it has completed the South East Etame 4H development well offshore Gabon, including approximately 750 feet of horizontal section in the Gamba reservoir.The company said Thursday it had brought the South East Etame 4H well onto production on March 21…
Norwegian energy intelligence firm Rystad Energy expects that majority of Africa’s top planned oil and gas projects that were expecting final investment decisions under an oil price assumption of between $55 and $60 per barrel will be hit hard by the current oil prices and coronavirus impact…
Nigerian oil company Lekoil has said it is in the process of paying $2 million to Optimum Petroleum, its partner in an offshore block in Nigeria.The 2 million payment was agreed in January, and it is the first of two installments Lekoil is due…
Woodside Petroleum and its partners are in talks on the timing of their $4.2 billion Sangomar oil project off Senegal, with coronavirus restrictions and collapsing oil prices hampering work on the project.Woodside, Cairn Energy Plc, FAR Ltd…
Jack-up drilling company Shelf Drilling, one of the world's largest jack-up contractors by fleet size, has seen another rig contract cut short in less than a week.After it on Friday said Dubai Petroleum would reduce the length of the Shelf Drilling…
Mozambican troops battled Islamist insurgents in a town in a northern town on Monday close to billion-dollar gas projects being developed by ExxonMobil and Total, police said.The General Commander of Mozambique's police, Bernardino Rafael, said…
Oil company Tullow Oil has terminated the drilling contract with Maersk Drilling for the Maersk Venturer drillship in Ghana.Maersk Drilling said Tuesday it had received a notification from Tullow Ghana 'of early termination for convenience of the drilling contract…
Polarcus Ltd, which operates ships that search for offshore oil and gas, announced two project cancellations that will reduce its fleet utilization next quarter, highlighting the effects of the oil price slump on the energy services sector.Polarcus'…
Norwegian marine survey company EMGS has informed that BP has decided to delay a CSEM Survey offshore Senegal and Mauritania.The contract was awarded to EMGS in June 2019 and was supposed to begin in March 2020. This will now not happen.'EMGS…
Oslo-listed provider of offshore seismic surveys Polarcus has seen a seismic contract in Africa terminated, just days after it lost a deal in Asia.Polarcus said Friday that a client in West Africa had decided to cease operations on the project…
Ocean bottom node (OBN) survey company Axxis Geo Solutions has extended charters for two Havila platform supply vessels.Norwegian vessel owner Havila Shipping said Thursday that Axxis Geo had extended charters for the PSV vessels Havila Aurora…
Oil and gas company BW Energy, with assets in Gabon and Brazil, has decided to cut down its planned Gabon investments by 50 percent, citing coronavirus outbreak, oil price uncertainty, and restriction on international travel.'The impact of international…
Oil and gas company Kosmos Energy is set to slash both capex and opex, and will suspend dividend payment citing the need to maintain balance sheet and preserve flexibility during the oil price volatility.'At the 4Q19 results, we guided to a…
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