Global Industry: FPSO Market Set to Rebound

Global Industry: FPSO Market Set to Rebound

The global floating production market has stirred back to life after enduring a couple of years in virtual hibernation during the downturn.

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Africa Oil & Gas: NNPC, FIRST E&P and Schlumberger sign agreement for development of OML 83 and 85, offshore Nigeria

Nigerian National Petroleum Corporation (NNPC), FIRST Exploration & Production (FIRST E&P) and Schlumberger have signed a tripartite agreement for development of the Anyala and Madu fields under OML 83 and OML 85, offshore Nigeria. Under the agreement, Schlumberger will contribute the required services in kind and capital for the project development until first oil. The joint project team will leverage the technical expertise of Schlumberger and the extensive local knowledge of the partners. OML 83…

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