Noble Corp., the world’s biggest offshore oil-rig contractor by market value, agreed to buy its smaller rival Diamond Offshore Drilling Inc. in a deal valued at $1.6 billion.
The Zama field partners have awarded French engineering company Doris a front-end engineering and design contract (FEED) for the development of the field.
Woodside has achieved first oil from the Sangomar field offshore Senegal, marking the safe delivery of the country’s first offshore oil project.
US oil and gas drilling company Noble has signed a definitive agreement to acquire Diamond Offshore Drilling in a cash and stock deal.
John Browne, the former head of BP, has seemingly backed a Labour Party pledge to end North Sea oil and gas exploration.
The industry heavyweight, who joined the energy giant as an apprentice in the 1960s, said that plans for the North Sea and the “energy transition” would be important issues at the next election.
With a strong slate of exploration and production activities and competitive licensing rounds in 2024, Africa is well-positioned to realize its potential as the global energy frontier. These bid rounds are poised to cement Africa as a global hub for hydrocarbon development.
Baker Hughes has announced a significant order from Petrobras for workover and plug and abandonment (P&A) services in pre-salt and post-salt fields offshore Brazil.
The Ministry of Natural Resources has raised an alarm over the increase in cases of locals ‘fronting’ for foreign companies, which undermines the Local Content Act, and in some cases, evade taxes that ought to be paid to the Guyana Revenue Authority.
Tubular solutions company Vallourec has secured a contract with Petróleo Brasileiro SA (Petrobras) for the supply of 1,800 metric tons of premium carbon steel tubes with Glass Reinforced Epoxy liners (GRE technology), including Corrosion Resistant Alloy (CRA) accessories.
THE upcoming African Energy Week (AEW) an invest in African energy conference, is set to feature a Just Energy Transition (JET) Summit, bringing together African energy policymakers, industry leaders, community representatives and global investors to develop actionable solutions for building a sustainable energy future.