Saipem has won a $350 million offshore contract from Azule Energy for subsea work on the Agogo Integrated West Hub Development offshore Angola.
On Thursday, a discovery from June, made in the Acacia-5 development of Angola’s offshore Block 17, was announced by TotalEnergies‘ Chairman and CEO Patrick Pouyanné. The discovery was made near to existing production at Block 17, allowing development to be fast-tracked via a tie-back using spare capacity on the Pazflor FPSO. This means no new […]
TotalEnergies SE and its partners plan to invest $10 billion in Angola’s oil sector over the next five years in order to sustain production in the country. The French energy company produces about 450,000 barrels of oil a day in Angola, more than 40% of the nation’s output, Chief Executive Officer Patrick Pouyanné said at […]
Malaysian state energy firm Petronas said on Monday its unit and subsidiaries of Thailand’s PTT had secured government approvals for a new production-sharing contract (PSC) covering a major gas-producing block in their joint development area.
Up to 15 percent production improvements realized through advanced engineering, project development, lifecycle support and digital optimization
Guyana’s president says his country has seen an increase in oil revenue as the Iran conflict reshapes global markets. President Mohamed Irfaan Ali insists he does not want Guyana to depend solely on its oil wealth. In recent months, oil revenues in the South American country have increased sharply as the US-Israel war on Iran […]
Japan emphasizes the importance of energy cooperation with Russia and maintains its presence in oil and gas projects on Russian territory, Russian Foreign Ministry Spokeswoman Maria Zakharova said in an interview with TASS. The diplomat noted that Tokyo maintains and reaffirms the importance of its relations and energy cooperation with Moscow, “in particular, on the […]
Nigeria’s crude oil and condensate production rose marginally by 6,887 barrels per day (bpd) in August 2026, reaching 1,677,777 bpd, according to the latest data from the Nigerian Upstream Regulatory Commission (NUPRC). The August output represented a 0.4 per cent increase over the 1,670,890 bpd recorded in July, with the commission attributing the improvement largely […]
The planned Initial Public Offering (IPO) of the Dangote Group is being described as more than just a major share sale, with the company saying it could showcase Africa’s ability to build and manage large-scale industrial projects.
SED Energy Holdings Plc and Ventura Offshore Holding Ltd. have signed a letter of intent (LOI) for an all-share combination that would create a larger offshore energy services group with an implied pro forma equity value of approximately $1 billion. Under the proposed transaction, Energy Holdings would acquire 100% of Ventura Offshore’s outstanding shares. […]