Capricorn investor Palliser Capital said on Thursday it opposed Capricorn's planned merger with Israel's NewMed Energy, echoing its criticism of a previous failed merger plan with Tullow, as undervaluing the company. The Capricorn-NewMed deal would create an Israel-Egypt-focused gas producer…
The Norwegian offshore vessel owner DOF said Wednesday it had won contracts and contract extensions for several of its vessels in Brazil, West Africa, and the North Sea region. The estimated firm backlog for these contracts is approximately NOK 260 million (~$25…
Malaysian FPSO leasing firm Yinson has secured a one-month contract extension for its Adoon FPSO with Addax Petroleum in Nigeria.The deal between Sinopec's Addax and Yinson's Adoon Pte. Ltd. extends the FPSO's tenure to November 16, 2022. The extension is worth $3…
Oil and gas company Panoro Energy said Monday it had completed its scheduled October lifting of 647,111 barrels in Gabon at a realized price of USD 91.54 per barrel.After customary price adjustment and associated fees, this resulted in proceeds to the company of approximately $59…
The Norwegian offshore seismic survey services company PGS has been awarded a 3D exploration acquisition contract.PGS said that the contract was in Namibia, with 'a major energy company.'The company said it would use the Ramform Titan vessel for the survey…
Offshore drilling company Dolphin Drilling shared a beautiful photo of its Blackford Dolphin drilling rig being towed from Mexico to Las Palmas, Gran Canaria, Spain.Once there, in mid-November, the semi-submersible drilling rig will complete a short recertification and maintenance work scope…
U.S.-based company Coastline Exploration, an upstream oil and gas company focused on East Africa, said Friday it had received final authorization to proceed with its offshore exploration program in Somalia.Coastline, in February said it had…
Mozambique expects to ship its first liquefied natural gas (LNG) exports to Europe from the Eni-operated Coral Sul floating plant later this month or early November, petroleum regulator INP said on Friday in a supply boost for the energy-starved region…
Africa-focused oil and gas company VAALCO said Wednesday it had completed the installation of the Floating Storage and Offloading vessel ('FSO') installation and field reconfiguration at Etame field offshore Gabon.VAALCO Energy in August last…
East Mediterranean gas reserves can help ease Europe's energy crunch but require funding from institutions like the European Bank for Reconstruction and Development and the European Investment Bank to realise the area's full potential, an official said on Friday…
The head of QatarEnergy, who is also Qatar's energy minister, said on Monday the company wants to speed up the development of two oil wells it discovered off the Namibian coast with joint venture partners earlier this year.Saad al-Kaabi said…
OPEC+ agreed steep oil production cuts on Wednesday, curbing supply in an already tight market, causing one of its biggest clashes with the West as the U.S. administration called the surprise decision shortsighted.OPEC's de-facto leader Saudi…
Offshore drilling company Dolphin Drilling has secured a 12-month offshore drilling rig contract with Nigeria-based General Hydrocarbons Limited (GHL). The contract is worth $96 million.The contract is for the 1974-built Blackford Dolphin semi-submersible drilling rig…
African countries will use the COP27 climate talks in Egypt next month to advocate for a common energy position that sees fossil fuels as necessary to expanding economies and electricity access, the continent's top energy official said on Tuesday…
The Island Innovator semi-submersible drilling rig has arrived on Block 2B offshore South Africa, and is set to start operations on the Gazania-1 exploration well.The Gazania-1 exploration well is being drilled in approximately 150 meters of…
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