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Senegal Aims for Universal Electricity Access by 2025

April 9, 2021
| Archives

The government of Senegal aims to provide all citizens with access to affordable and reliable electricity by the year 2025. The objective forms part of the Emerging Senegal Plan, a development model that is focused on accelerating the country’s progress toward emerging market status. Senegal boasts one of the highest access to electricity rates in West Africa, equating

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As margins fall Repsol is forced to furlough employees

April 9, 2021
| Archives

Spanish energy firm Repsol said on Thursday it will furlough up to 830 workers at its A Coruna and Puertollano refineries in Spain as pandemic restrictions have led to an “unprecedented” slump in demand for fuels. “It is a sustained situation that has kept fuel consumption for transport much lower than expected,” Repsol said in a statement. The profit

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Velesto awarded 7 well deal for the NAGA 4

April 8, 2021
| Archives

The Board of Directors of Velesto Energy Berhad (“VEB”) is pleased to announce that Velesto Drilling Sdn Bhd (“VED”), has received a Letter of Award from Sarawak Shell Berhad / Sabah Shell Petroleum Company Limited for a contract for the Provision of Jack-Up Drilling Rig Services for Sarawak Shell Berhad / Sabah Shell Petroleum Company Limited, the

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ADNOC eyes billion dollar IPO

April 8, 2021
| Archives

Abu Dhabi National Oil Company (ADNOC) is considering listing its drilling business on the local stock market, according to three sources familiar with the matter. The state oil giant says its drilling company is the largest in the Middle East. ADNOC has held discussions with banks over the potential initial public offering (IPO), said the sources, who declined to

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Halliburton and Optime Subsea pair up on umbilical-less operations and subsea controls

April 8, 2021
| Archives

Halliburton Company and Optime Subsea today announced they formed a global strategic alliance to apply Optime’s innovative Remotely Operated Controls System (ROCS) to Halliburton’s completion landing string services. The companies will also collaborate and offer intervention and workover control system services leveraging Optime’s Subsea Controls and Intervention Light System (SCILS) technology, a remote digital enabled system that

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Tullow kicks off multi year campaign offshore Ghana

April 7, 2021
| Archives

Tullow Oil plc (Tullow) is pleased to announce the start of a multi-year, multi-well drilling campaign offshore Ghana with the commencement of drilling of the first well at the Jubilee Field yesterday. As previously announced, the Maersk Venturer, which has been contracted for four years, is expected to drill four wells in total in 2021, consisting of two Jubilee

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Eni makes new discovery offshore Angola

April 7, 2021
| Archives

Eni has made a new light oil discovery in Block 15/06, in Angola’s deep offshore. The well has been drilled on the Cuica exploration prospect located inside the Cabaça Development Area and close to the Armada Olombendo FPSO (East Hub) pursuing the exploration opportunities in proximity of existing infrastructures (ILX, infrastructure-led exploration). It resulted in an oil

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23,000 job rise in March for U.S. oilfield service companies

April 7, 2021
| Archives

American oilfield services and equipment sector employment rose by an estimated 23,015 jobs in March, according to preliminary data from the Bureau of Labor Statistics (BLS) and analysis by the Energy Workforce & Technology Council (Council).  Routine BLS revisions reduced lost jobs in February to 7,697 from the 10,048 it reported one month ago. According to the revised

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Maersk bags four well deal for the Viking

April 7, 2021
| Archives

Maersk Drilling has secured a contract with Shell Malaysia for the 7thgeneration drillship Maersk Viking to drill four development wells at the Gumusut-Kakap project offshore Malaysia. The contract is expected to commence in December 2021, with an estimated duration of 150 days. The firm contract value is approximately USD 34m, including a mobilisation fee. The contract includes

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