Nigerian President Bola Tinubu has approved the cancellation of $1.42 billion and 5.57 trillion naira ($3.85 billion) in debts owed by state oil firm NNPC Ltd to the government, the presidency said on Monday.The decision is part of Tinubu's…
Europa Oil & Gas has through its associated company Antler Global signed a binding farm-out agreement with China’s Fuhai (Beijing) Energy to sell a 40% interest in the EG-08 production sharing contract offshore Equatorial Guinea.Under the agreement…
Akrake Petroleum, Rex International's indirect subsidiary, has encountered technical difficulties during its drilling operations at Sèmè field off Benin, pushing back the production start beyond 2025.Akrake Petroleum, owned by Rex's Lime Petroleum…
Viridien has successfully completed the BM-S-2 seismic reimaging project in the southern Santos Basin, delivering a modern, high-fidelity 3D dataset across 8,468 sq km to support growing exploration activity in one of the most strategic, emerging offshore regions of Brazil…
Offshore seismic services firm Shearwater Geoservices has finalized the preparations for the upcoming start of a new multi-client seismic project offshore Nigeria.The 3D survey is backed by significant industry funding and will be executed in…
Subsea engineering company TechnipFMC has won a substantial engineering, procurement, construction and installation contract from Italy’s Eni for the Coral North floating liquefied natural gas (FLNG) development offshore Mozambique.The contract covers subsea scope for Coral North…
Israel has approved a deal that will supply natural gas to Egypt, Israeli Prime Minister Benjamin Netanyahu said on Wednesday, describing it as the country's largest-ever gas deal.Israel signed the export agreement in August with Chevron and its partners…
SBM Offshore has signed a contract extension related to the lease and operation of floating production, storage and offloading (FPSO) units Mondo and Saxi Batuque with ExxonMobil’s Angolan subsidiary.The extension secures ownership and operations…
Shell has booked Northern Ocean’s Deepsea Mira semi-submersible rig for a drilling campaign offshore Namibia.The Odfjell Drilling-managed rig has been scheduled to start operations in Namibia in April 2026.The contract covers one firm well and includes one optional well…
BW Energy has, in a consortium with Maurel & Prom, signed an agreement to acquire a combined 20% non-operated interest in Block 14 and 10% in Block 14K offshore Angola from Azule Energy.Within this transaction, BW Energy’s net share will be 10% in Block 14 and 5% in Block 14K…
Viridien has announced a new multi-client seismic reimaging program over Angola’s highly prospective offshore block 22 to support the country’s upcoming licensing round.The 4,300 sq km high-end data set will bring valuable insight into underexplored structures along the Atlantic Hinge zone…
Africa-focused oil and gas company VAALCO Energy has started its phase three drilling program offshore Gabon with the spudding of the ET-15 infill well on the Etame platform.As previously announced, the company secured a drilling rig in December…
South Africa's legacy national oil company, PetroSA, has approved a deal to give Shell Offshore a 60% stake in its Block 2C, off the country's west coast, a document seen by Reuters showed on Monday.If successfully concluded, the agreement will strengthen oil major Shell's SHEL…
TotalEnergies and Galp have agreed to exchange stakes across three Namibian offshore licenses in a deal that places TotalEnergies as operator of the Mopane discovery while expanding Galp’s footprint in the Orange Basin and giving it exposure to the Venus development…
Chevron said on Friday it will participate in Nigeria’s next oil licensing round and plans to deploy a drilling rig in late 2026 as it seeks to expand operations in Africa’s top energy producer.Jim Swartz, chairman and managing director of Chevron Nigeria/Mid-Africa Business Unit…
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