Oslo-listed offshore drilling company Seadrill has entered into a 50:50 joint venture with Empresa de Serviços e Sondagens de Angola Ltda, an affiliate of Sonangol E.P.
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Total and Sonangol have established a JV company aimed at developing common retail and distribution activity in the country. The Total-Sonangol JV will initially focus on fuel distribution and lubricants sales on the business to consumer (B2C) segment, starting with a network of service-stations under the Total brand.
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JV partner Bowleven has announced the spud of the IE-4 appraisal well at the Etinde block, Cameroon, by the block’s operator, NewAge Cameroon Offshore Petroleum (‘NewAge’).
Read MoreUnited States oil firm, ExxonMobil has unveiled plans to raise its budget for funding joint venture (JV) operations in Nigeria’s oil and gasfields with the Nigerian National Petroleum Corporation (NNPC) in 2018.
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