Nigerian independent producer Belemaoil Producing has resumed operations at its oil block Oil Mining Lease 55 after a three-year shutdown as a result of damage to the facility caused by theft, it said on Monday.
Shearwater Geoservices Holding AS has signed an ocean bottom node (OBN) project contract with TotalEnergies in Angola
The deepwater OBN survey will be conducted by the dual remotely operated vehicle (ROV)-equipped SW Tasman, the fit-for-purpose seismic node laying vessel which was converted in 2023, and SW Gallien as source vessel. A three-month-long operation approximately, the survey will commence in January 2025, with Shearwater deploying its compact high-endurance Pearl node in Block 32 over the Louro and Mostarda fields. The company has previously completed a 4D streamer survey in the region for TotalEnergies.
ExxonMobil has concluded its operations in Equatorial Guinea after almost three decades, fulfilling its intention, stated in 2022, to leave when its licenses expired.
The Public Interest and Accountability Committee (PIAC) in collaboration with its partners – Kwame Nkrumah University of Science and Technology (KNUST), Ministry of Energy (MoEn), Ghana National Petroleum Corporation (GNPC), Petroleum Commission (PC) and Ghana National Gas Limited Company (GNGLC), is hosting a 2-day technical consultative workshop on16th and 17th October 2024 in Accra.
The U.S. broadened the scope of its sanctions on Iran’s oil and gas sectors in response to a ballistic-missile attack on Israel, ramping up economic pressure on Tehran ahead of Israeli retaliation that’s expected any day.
Crude oil inventories in the US rose by 10.9 million bbl during the week ended 4 October, data from the API showed. The body, the largest US trade association for the oil and gas industry, reported that gasoline inventories fell by 557 000 bbl.
In recent months, Iranian President Masoud Pezeshkian, along with his deputies and other officials, have been frequently addressing the nation about the ongoing gasoline crisis and the country’s excessive fuel consumption. These repeated appearances seem to signal a coordinated effort to prepare the public for an imminent increase in gasoline prices.
The federal government at the weekend said it was eyeing the production of an additional 40,000 barrels per day to boost the country’s current output from the ongoing Floating Production Storage and Offloading (FPSO) facility in Lagos.
Shelf Drilling Ltd has announced new contracts for two jack-up rigs in Nigeria. The planned start-up of operations is October 2024, and the contract also includes an option for up to two years at rates to be mutually agreed.
A new energy mix with a high renewables component would hold massive advantages for people in Africa – and the economics mean it is likely to be implemented sooner, rather than later.