West Africa
News
February 11, 2025
Hilong Offshore, a subsidiary of China-based Hilong Group, has secured a transportation and installation contract for phase two of Eni’s Congo LNG project. The deal is valued at approx. $55 million USD (400 million yuan).
News
February 11, 2025
Equatorial Guinea is aiming to revitalize its upstream sector, with plans to launch a new licensing round in 2025 aimed at increasing E&P activity. Equatorial Guinea’s last licensing round, held in 2019, offered 27 blocks for exploration and attracted significant industry interest.
News
February 10, 2025
Kosmos Energy has produced first LNG at the bp-operated Greater Tortue Ahmeyim (GTA) LNG project, offshore Mauritania & Senegal. "We are looking forward to the accelerated ramp-up of LNG production and the first LNG cargo lifting," Kosmos said.
News
February 07, 2025
Custos Energy announced completion of the previously announced farm-in by Chevron Namibia into Petroleum Exploration License 82 (PEL 82). The transaction provides for an 80% participating interest and operatorship for Chevron.
News
February 03, 2025
The FPSO Baobab Ivoirien MV10, operated by Canadian Natural Resources International (CNRI), ceased hydrocarbon production on schedule Jan. 31, CNRI's partner VAALCO Energy announced. The vessel will be transported to Dubai for refurbishment.
News
February 03, 2025
(Bloomberg) – Nigeria, Africa’s biggest oil producer, has set itself a target of boosting daily production by about three fifths to 2.7 million barrels of crude and condensate by 2027, an adviser to the country’s president said.
News
January 23, 2025
Golar LNG has announced that the FLNG Gimi received feed gas from the bp-operated FPSO on the Greater Tortue Ahmeyim (GTA) project offshore Mauritania and Senegal. Full commissioning of the FLNG has now commenced.
News
January 21, 2025
Nigeria ranks as Africa’s top destination for upstream oil and gas investment in 2024, research from Wood Mackenzie shows. The African Energy Chamber commends Nigeria for its dedication to simplifying policies and facilitating market growth in the energy sector.
News
January 14, 2025
The Republic of Congo will officially launch its licensing round for open oil and gas blocks at the upcoming Congo Energy and Investment Forum (CEIF), scheduled to take place on March 25-26 in Brazzaville.
News
January 10, 2025
Shell has announced that oil discovered offshore Namibia in PEL 39 cannot be currently confirmed for commercial development. As such, the company will write down $400 million, citing technical and geological difficulties.
News
January 03, 2025
(Bloomberg) – Tullow Oil Plc stocks rose after an international body found it wasn’t liable for a $320 million tax assessment in Ghana, where its key oil assets are located.
News
January 02, 2025
Kosmos Energy notes the announcement from bp plc (operator) that first gas production has been achieved at the Greater Tortue Ahmeyim (GTA) liquefied natural gas (LNG) project offshore Mauritania and Senegal.
News
January 01, 2025
(Bloomberg) – Senegal’s economic growth rate surged to a record in the third quarter as the West African nation began exporting oil, with the International Monetary Fund predicting a 9.3% expansion next year.
News
December 31, 2024
Eni has kicked off Phase 2 of the Baleine field, offshore Ivory Coast. Said to be the largest discovery in the country and the first net-zero emission upstream project, production is poised to reach 60,000 bopd and 70 million cubic feet of associated gas.
News
December 27, 2024
Golar LNG has acquired Seatrium’s and Black & Veatch’s minority ownership interests in the FLNG Hilli. The total consideration for the acquisitions is $90.2 million, of which $59.9m is in equity and $30.3 million is a pro-rata share in the existing FLNG Hilli debt facility.
News
December 19, 2024
ABS has awarded Hanwha Ocean Approval in Principle (AIP) for its Pre-FEED Standard FPSO Design intended to create an asset optimized for deployment in the deep waters of West Africa.
News
December 18, 2024
(Bloomberg) – Nigeria approved a $1.3 billion deal that would see a group of local companies buy Shell Plc’s onshore assets in Africa’s biggest crude producer.
News
December 18, 2024
TechnipFMC has been awarded a substantial(1) contract by Shell Nigeria Exploration and Production Company Limited to supply Subsea 2.0® production systems for the Bonga North development in Nigeria.
News
December 17, 2024
(Bloomberg) – Shell Plc’s subsidiary in Nigeria will begin oil and gas production offshore at the Bonga North floating facility by the end of the decade.
News
December 13, 2024
(Bloomberg) -- Seplat Energy Plc will revive hundreds of idle Nigerian oil wells after completing its purchase of Exxon Mobil Corp.’s onshore oil and gas assets in the West African nation.
News
December 10, 2024
Borr Drilling Limited has announced its securement of a new contract commitment for its premium jackup rig "Norve" with a repeat customer in West Africa. This work is in direct continuation of the Marathon Oil contract and is estimated to commence in Q3 2025.
