EGYPT SECURES CRUCIAL ENERGY LIFELINE WITH HÖEGH EVI FSRU DEAL
Ten-year agreement brings vital natural gas import capacity to energy-hungry nation In a major boost to Egypt’s energy security, Höegh Evi has finalized a decade-long agreement with Egyptian Natural Gas Holding Company (EGAS) to deploy a floating storage and regasification unit (FSRU) at the country’s Port of Sumed. Singapore’s Seatrium will handle the conversion of […]
TULLOW OIL SEALS $300M GABON EXIT TO SLASH DEBT
Strategic divestment positions company to focus on Ghana assets Tullow Oil has officially signed a landmark $300 million deal with Gabon Oil Company, offloading 100% of its Gabon operations in a move that promises to transform the company’s financial outlook. The transaction, first announced in March, marks a pivotal moment in Tullow’s strategic pivot toward […]
OCEANEERING CLINCHES MULTI-YEAR BP CONTRACT FOR LANDMARK GTA FIELD OPERATIONS
Global technology company Oceaneering has secured a valuable multi-year contract from energy major bp for work on the Greater Tortue Ahmeyim field, located offshore Mauritania and Senegal. Under the terms of the agreement, Oceaneering’s Offshore Projects Group will deliver subsea inspection, maintenance and repair services, alongside remotely operated vehicle services at the landmark field. The […]
DUBAI-BASED TECHNOMAK JOINS FORCES WITH DIXSTONE TO DELIVER GABON’S PIONEERING FLNG PROJECT
Service company Dixstone and equipment supplier Technomak have formalized an Engineering, Procurement, Construction, Commissioning, and Integration (EPCCI) agreement for Perenco’s innovative Cap Lopez floating LNG (FLNG) project offshore Gabon. The significant contract, signed in the UAE by Haxer Ali, Group CEO of Technomak and Michel Gotab, Managing Director of Dixstone Gulf, will see Technomak construct […]
VAALCO ENERGY LAUNCHES MAJOR AFRICAN OFFSHORE OVERHAUL WITH SIMULTANEOUS OPERATIONS IN CÔTE D’IVOIRE AND GABON
Houston-based Vaalco Energy has unveiled aggressive expansion plans across its African offshore operations, announcing significant developments in both Côte d’Ivoire and Gabon that signal a major push into the continent’s energy sectors. In a dramatic move in Côte d’Ivoire’s Baobab field in Block CI-40, the FPSO Baobab has ceased hydrocarbon production as of January 31, […]
CARBON-CAPTURING FPSO MAKES HISTORIC PIT STOP IN NAMIBIA EN ROUTE TO GROUNDBREAKING ANGOLA DEPLOYMENT
Malaysia’s Yinson Production has confirmed that its revolutionary floating production, storage, and offloading (FPSO) vessel equipped with first-of-its-kind carbon capture technology has made a strategic stopover in Namibia as it continues its journey to Angolan waters, where it’s expected to arrive by mid-May 2025. The FPSO Agogo, featuring what is claimed to be the industry’s […]
UAE JOINS $25BN NIGERIA-MOROCCO GAS PIPELINE FUNDING RACE, CHALLENGING CHINA AND U.S.
In a major diplomatic and energy breakthrough, the United Arab Emirates has announced its intention to contribute funding to the massive $25 billion Nigeria-Morocco gas pipeline project, joining China and the United States as key international backers. The ambitious pipeline, designed to ship Nigerian gas to European markets through Morocco, has now secured support from […]
Dr. Patrice Motsepe: A Visionary Shaping Africa’s Future
Enterpreneur Of The Week Dr. Patrice Motsepe is one of Africa’s most inspiring business figures, known not only for his sharp entrepreneurial instincts but also for his dedication to giving back. As the founder and Executive Chairman of African Rainbow Minerals (ARM), Motsepe built a billion-dollar empire in mining—spanning gold, platinum, ferrous metals, and coal—emerging […]