FAR Gambia has awarded Shearwater GeoServices a 3D Isometrix seismic acquisition project offshore The Gambia. The one-month survey, to be conducted from the SW Amundsen, will cover parts of block A5 in the Mauritania, Senegal, Gambia, Guinea-Bissau, Conakry basin. It will focus on…
West Texas Intermediate (WTI) and Brent crude oil prices finished lower on the 7th January. The February WTI contract price settled at US$62.70 per barrel, reflecting a 57-cent loss. It peaked at US$63.15 and bottomed out at US$62.11. March Brent lost 64 cents,…
Premier Oil’s largest creditor, ARCM, is opposing the oil company’s plan to extend its debt maturity and acquire UK North Sea assets from BP and Dana Petroleum, claiming the company’s high-risk strategy will only increase risk for stakeholders. Premier revealed earlier on the 7th…
Apache Corp. and Total will test additional prospects on Block 58 offshore Suriname following a light oil and gas rich condensate discovery at Maka Central-1 well which proves the extension of the Guyana Cretaceous oil play into Surinam waters, Total reported on the 7th January….
Nigeria has long been known for its oil riches. Angola has too, but decades of entrenched corruption have chased foreign investors away. Mentioned in this commentary includes: Chevron Corporation, Royal Dutch Shell Plc, Exxon Mobil Corporation, Halliburton Company, Schlumberger Limited. Now Namibia is joining…
DEME has installed 58 monopile foundations and two offshore substation foundations at the SeaMade offshore wind farm in the Belgian North Sea. DEME’s Innovation began installation works in September 2019. The last monopile foundation landed on the seabed on the 2nd January. A…
Rockhopper Exploration, the oil and gas exploration and production company with key interests in the North Falkland Basin, has announced that Rockhopper and Premier Oil have signed a detailed Heads of Terms with Navitas Petroleum to farm in for a 30 per cent interest in…
The upper house of Somalia’s parliament has approved a new petroleum law, which aims to provide a regulatory framework which will help to attract investment in exploration by major oil companies. The country currently does not produce any oil but production could transform the…
Oil extended its dramatic surge above US$70 a barrel as the fallout between the US and Iran escalated after the assassination of one of the Islamic Republic’s most powerful generals. Futures jumped by another 3% on the 6th January as the US State Department…
Qatar Petroleum (QP) will supply Kuwait with up to three million tons per annum (mtpa) of liquefied natural gas (LNG) under a long-term sales and purchase agreement (SPA) which it signed with Kuwait Petroleum Corp. (KPC), QP reported the 5th January. Under the 15-year…
