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Recon Africa provides exploration update for the Kavango Basin in NE Namibia and NW Botswana

April 4, 2022
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Reconnaissance Energy Africa (ReconAfrica) has provided an exploration update for the Kavango Basin in NE Namibia and NW Botswana, highlighting multiple drilling prospects and new play types following the integrated analysis of the two stratigraphic test wells and first phase of 2D seismic. The initial exploration and development is being conducted in the first of five sub-basins within the

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Guyana EPA sections forth offshore project proposed by Exxon

April 4, 2022
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Exxon Mobil Corp received approval to begin work on its fourth offshore oil project in Guyana from the South American country's Environmental Protection Agency. The permit will allow Exxon to begin construction and operation of its Yellowtail project, the latest of up to 10 expected to be producing oil this decade. A final decision by Exxon on funding the

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Karoon banks on Neon discovery with additional wells

April 4, 2022
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Karoon Energy has committed to the drilling of a control well and, subject to the results of that well, a second control well in the Neon oil discovery, offshore Brazil. This decision is based on extensive pre-development studies which have determined that a potential development of the Neon discovery presents a potentially attractive investment for Karoon. Source: Karoon Join

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Odfjell Drilling announces new CEO

March 31, 2022
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Kjetil Gjersdal has been appointed as the new CEO of Odfjell Drilling. With his 22 years’ experience and expertise in the company he is a born and bred Odfjell Drilling person. Since joining, he has held various positions within operations, such as Rig Manager, VP MODU Operations, SVP MODU International, EVP MODU and now CEO. “I am both proud and

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Ocyan awarded decommissioning contract with Petrobras

March 31, 2022
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Ocyan signed a contract with Petrobras for the removal of flexible and umbilical ducts from the Cidade do Rio de Janeiro, Cidade de Rio das Ostras and Piranema FPSOs, located in the Campos and Sergipe-Alagoas basins. Ocyan had submitted the lowest bid in the state-owned company’s tender, with a value below R$900 million. The negotiations were concluded in

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Sparrows awarded 3 year contract offshore Luanda

March 31, 2022
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Sparrows Group, the engineering and maintenance services specialist for the global energy and industrial sectors, has secured a three-year contract to provide crane operations and maintenance services offshore Luanda, Angola. The agreement covers 10 pedestal cranes and six line and rescue craft boats across the field’s four assets. Having held the contract since 2005, Sparrows will continue to manage the

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QatarEnergy buys into Exxon’s North Marakia offshore Egypt

March 31, 2022
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QatarEnergy entered into an agreement with ExxonMobil to acquire a working interest in an exploration block offshore Egypt. Under the terms of the agreement, which is subject to customary approvals by the government of Egypt, QatarEnergy will hold a 40% working interest in the contractor’s share in the North Marakia Offshore Block in the Mediterranean Sea, while an affiliate of ExxonMobil (Operator) will

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New Fortress Energy plans for LNG plant off Louisiana coast

March 31, 2022
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U.S. energy company New Fortress Energy Inc said on Thursday it filed with federal regulators to build an offshore liquefied natural gas (LNG) export project off Louisiana that could enter service as soon as the first quarter of 2023. That is much faster than the usual two to four years it takes to build a land-based LNG plant

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CNOOC plans for North Sea exit and $5.5 bln Shanghai listing

March 31, 2022
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China's biggest offshore producer CNOOC Ltd is preparing to exit one of the North Sea's largest field in a strategic shift of focus to newer oil and gas developments and away from Western assets, banking and industry sources said. CNOOC has hired Bank of America to start preparing a formal sale of its North Sea assets, which could raise

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