ExxonMobil Taps Bourbon for Enhanced Angola Operations
ExxonMobil Taps Bourbon for Enhanced Angola Operations French maritime services provider Bourbon has secured a significant five-year contract with ExxonMobil to provide advanced crew transfer vessels for operations offshore Angola. The agreement involves newly-designed 34-meter vessels that will transport personnel between Soyo city and Block 15, located 80 miles offshore. The new vessels, scheduled for […]
NNPC EXECUTES GROUNDBREAKING DEEPWATER CONTRACT WITH TOTALENERGIES
NNPC EXECUTES GROUNDBREAKING DEEPWATER CONTRACT WITH TOTALENERGIES The Nigerian National Petroleum Company (NNPC) Ltd has executed a historic Production Sharing Contract with the TotalEnergies-Sapetro Consortium for deepwater blocks PPLs 2000 and 2001, marking the first comprehensive agreement to cover both crude oil and natural gas exploration in Nigerian waters. This landmark deal represents the first […]
AZULE ENERGY COMMITS MASSIVE $5 BILLION INVESTMENT TO ANGOLA
AZULE ENERGY COMMITS MASSIVE $5 BILLION INVESTMENT TO ANGOLA Azule Energy, the powerhouse joint venture between Italian energy giant Eni and British petroleum major BP, has announced a staggering $5 billion investment commitment to Angola over the next four to five years. This massive financial injection matches the total investments the company has made since […]
SHELL MAKES DRAMATIC RETURN TO ANGOLA AFTER 20-YEAR ABSENCE
SHELL MAKES DRAMATIC RETURN TO ANGOLA AFTER 20-YEAR ABSENCE Major oil giant Shell has officially returned to Angola’s oil sector after two decades, signing landmark deals that signal a dramatic shift in investor confidence toward the West African nation’s energy industry. Shell, alongside Chevron and Sonangol EP, has inked agreements with the National Agency of […]
Angola Sets Ambitious Course for Fuel Independence with Multi-Refinery Strategy
Angola Sets Ambitious Course for Fuel Independence with Multi-Refinery Strategy President João Lourenço has reaffirmed Angola’s commitment to achieving self-sufficiency in refined petroleum products through the completion of multiple refinery projects, despite acknowledging challenges with the Soyo refinery development. Speaking at the inauguration of the Cabinda Refinery, the President emphasized that the newly operational facility, […]
Arabian Gulf Oil Company Achieves Major Production Breakthrough at Hamada Field
Arabian Gulf Oil Company Achieves Major Production Breakthrough at Hamada Field The Arabian Gulf Oil Company has significantly enhanced productivity at its Hamada field well O5-NC8, boosting output to 692 barrels per day while dramatically reducing water cut from 90% to 18% following an extensive rehabilitation process utilizing advanced technologies. The achievement was accomplished in […]
Japanese Giant MODEC Partners with African Finance Corporation for Offshore Infrastructure Push
Japanese Giant MODEC Partners with African Finance Corporation for Offshore Infrastructure Push Japan’s leading floating production specialist MODEC has signed a comprehensive cooperation agreement with the Africa Finance Corporation to jointly develop floating production, storage, and offloading units and other maritime infrastructure projects across the continent. The partnership creates a framework for future collaboration in […]
Angola Launches Historic Kaminho Offshore Oil Project in Deepwater Frontier
Angola Launches Historic Kaminho Offshore Oil Project in Deepwater Frontier Angola has officially launched construction of the Kaminho Project, marking the country’s first offshore oil development in the previously unexplored Kwanza Basin, in a ceremony that signals a new chapter for the nation’s deepwater exploration sector. The groundbreaking “first steel cutting” event at the Petromar […]
Libya Prepares to Revive Multi-Billion Dollar Gas Megaproject Amid Power Crisis
Libya Prepares to Revive Multi-Billion Dollar Gas Megaproject Amid Power Crisis Libya’s National Oil Corporation is moving forward with plans to resurrect a massive natural gas development project aimed at addressing the country’s chronic electricity shortages, potentially becoming one of the biggest new energy projects in the nation. The state-run energy company wants its Arabian […]
TotalEnergies Makes Historic Return to Nigerian Waters After Decade-Long Absence
TotalEnergies Makes Historic Return to Nigerian Waters After Decade-Long Absence In a groundbreaking development that marks Nigeria’s most significant offshore energy milestone in over a decade, French energy giant TotalEnergies has secured two major exploration permits in Nigerian waters, becoming the first international oil company to win new deepwater assets since 2015. The Production Sharing […]