Following the success of its 2012 and 2014 bidding rounds, the Ministry of Mines, Industry and Energy of Equatorial Guinea has announced it will launch a new bidding round for all remaining deep and ultra-deepwater blocks in 2016. Two…
Shell started production from the Bonga Phase 3 project offshore Nigeria, with expected peak production to hit about 50,000 boe/d. Image of the Bonga project. From Shell Flickr. Bonga…
Image: Lagos shore end landing/Global Marine Systems Global Marine Systems has just completed a major fiber optic installation project in the Gulf of Guinea. This telecommunications project for customer Huawei Marine Networks (HMN)…
A change in Nigerian leadership will not end piracy risks to companies that operate oil and gas assets offshore West Africa. AKE Group’s Laura Barber weighs in. A ship uses fire hose defense. Image from US Naval Institute…
The tides are changing in many countries, which are ramping up their political policies to provide international operators the consistency and transparency needed to invest in the region. Heather Saucier reports. Noble Energy has distributed approx…
InterMoor completed replacing critical components in an floating production unit (FPU) mooring system offshore Equatorial Guinea, enabling the prime contractor, Boskalis, to expand the InterMoor work scope. The Zafiro Producer…
Africa-focused proprietary investment firm L.A.T. Cleveson (LATC) signed an order with Damen Shipyards Group for two PSV 3300 platform supply vessels and two FCS 5009 fast supplier vessels. This order will bring next generation Damen…
ExxonMobil has been awarded a production sharing contract (PSC) for Block EG-06 by the government of Equatorial Guinea. The contract was signed between ExxonMobil Exploration and Production Equatorial Guinea (Offshore), GEPetrol and the Government of the Republic of Equatorial Guinea…
New York-headquartered Hess says it is cutting its 2015 capital and exploration budget by 16%, compared to 2014, to US$4.7 billion. While the firm said most of the cash (45%/$2.1 billion) would be spent on its unconventional shale resources…
ExxonMobil signed a production sharing agreement (PSA) with the Cote d'Ivoire governmentfor two ultra deepwater blocks in the Gulf of Guinea. The PSA is for the Blocks CI-602 and CI-603 located in the southern Ivory Coast. CI-602 covers 3874sq km and CI-603 covers 5543sq km…
SeaBird Exploration Plc received a contract award to use the MV Harrier Explorer for a 2D seismic survey in West Africa. The letter of award is for a survey with a minimum size of 2000 km, valued at approximately US$2million…
In collaboration with Petroguin E.P., Polarcus secured additional industry prefunding to acquire a new 3D multi-client survey offshore Guinea-Bissau, expanding theits 3D multi-client data library across the Mauritania-Senegal-Guinea-Bissau basin in the AGC and Guinea-Bissau to over 8300sq km…
Four months after taking to the helm of Italian state-run Eni, CEO Claudio Descalzi is now the subject of a corruption investigation related to the acquisition of the large and lucrative deepwater oil prospecting lease (OPL) 245 offshore Nigeria…
SeaBird Exploration Plc has been awarded a contract for a 3D seismic survey in Gulf of Guinea, West Africa for the vessel Geo Pacific. The survey will cover a minimum of 1450sq km and will have an estimated value of approximately US$11 million…
Shell Nigeria Exploration and Production Company Ltd. (SNEPCo) began oil production from the first well at the Bonga North West deepwater development, off the Nigerian coast, approximately 120km offshore the Gulf of Guinea, on 5 August. Oil…
