Saipem Completes Ambitious Rig-to-Platform Transformation for Eni’s Congo Gas Project
Saipem Completes Ambitious Rig-to-Platform Transformation for Eni’s Congo Gas Project Italy’s engineering giant Saipem has successfully completed the complex conversion of the semi-submersible drilling unit Scarabeo 5 into a state-of-the-art floating production unit for Eni’s groundbreaking Congo LNG project. The transformed vessel will serve as the nerve center for Congo’s first natural gas liquefaction project, […]
Libya Launches Aggressive Campaign to Dethrone Nigeria as Africa’s Oil Production Leader
Libya Launches Aggressive Campaign to Dethrone Nigeria as Africa’s Oil Production Leader Libya’s state-owned National Oil Corporation has unveiled an ambitious strategy to challenge Nigeria’s dominance in African oil production, revealing massive untapped reserves and actively courting major U.S. energy companies for a historic comeback. The North African nation disclosed staggering hydrocarbon wealth during high-level […]
Revolutionary FLNG Unit Shatters Industry Records with 33-Month Delivery for Eni’s Congo Project
Revolutionary FLNG Unit Shatters Industry Records with 33-Month Delivery for Eni’s Congo Project Italy’s energy giant Eni has achieved an unprecedented milestone in the global LNG sector, with the sailaway ceremony for its revolutionary FLNG Nguya unit setting a new industry benchmark for time-to-market execution. The massive 376-meter-long floating facility, built by China’s Wison New […]
Nigeria’s Anti-Theft Campaign Delivers Major Victory as Crude Oil Pipeline Receipts Soar to Near-Perfect Levels
Nigeria’s Anti-Theft Campaign Delivers Major Victory as Crude Oil Pipeline Receipts Soar to Near-Perfect Levels Nigeria’s war against crude oil theft has achieved a stunning breakthrough, with pipeline and terminal receipts now approaching 100 percent from devastating lows of just 30 percent, the Nigerian National Petroleum Company (NNPC) Limited announced Monday. Group Managing Director Bayo […]
Economist Urges Namibia to Prioritize Gas Development
Economist Urges Namibia to Prioritize Gas Development Economist Robin Sherbourne has advocated for Namibia to emphasize gas development over oil, arguing it offers superior potential for local employment and economic benefits. Speaking about BW Energy’s Kudu gas project, Sherbourne noted that while oil generates significant government revenue, it creates limited direct jobs compared to gas […]
Global Shale Oil and Gas Production Set for Major Expansion
Global Shale Oil and Gas Production Set for Major Expansion Global shale oil and gas production is poised for significant increases, with the United States maintaining its leadership position holding over 80% market share in 2024. According to GlobalData’s “Emerging Oil and Gas Shale Plays” report, technological advancements and major discoveries in China, Argentina, […]
Shearwater Wins Two-Month Angola Seismic Survey Contract
Shearwater Wins Two-Month Angola Seismic Survey Contract Shearwater Geoservices has been awarded a deepwater Ocean Bottom Node (OBN) seismic survey offshore Angola by ExxonMobil’s affiliate Esso Exploration Angola Block 15 Limited. The two-month project begins during Q3 2025. The project deploys Shearwater’s proven OBN platform, featuring the SW Tasman and Pearl node system, with SW […]
Seadrill Joint Venture Secures Major Angola Drilling Contracts
Seadrill Joint Venture Secures Major Angola Drilling Contracts Sonadrill Holding, the 50:50 joint venture between Seadrill and Sonangol affiliate, has secured two significant contracts for drillship operations offshore Angola. The West Gemini secured a 284-day contract with Sonangol Exploração & Produção, expected to begin in late 2025 or early 2026. The Sonangol Libongos received a […]
Cameroon Opens Nine-Block Licensing Round for 2025
Cameroon Opens Nine-Block Licensing Round for 2025 Cameroon’s National Hydrocarbons Corporation has launched the country’s 2025 licensing round, offering nine exploration blocks across two major basins. The blocks include Ndian River, Bolongo Exploration and Bakassi in the Rio del Rey Basin, alongside Etinde, Bomono, Nkombe-Nsepe, Tilapia, Ntem and Elombo in the Douala/Kribi-Campo Basin. Data consultation […]
Uganda Finalizes Major Crude Oil Refinery Deal with Dubai Royal Family Investment Firm
Uganda Finalizes Major Crude Oil Refinery Deal with Dubai Royal Family Investment Firm Uganda has secured a transformative partnership with Alpha MBM Investments, led by Sheikh Mohammed bin Maktoum of Dubai’s royal family, to construct a multi-product crude oil refinery in Kabaale, Hoima District, marking a pivotal step toward energy independence. President Yoweri Museveni emphasized […]