offshore

South Africa: Africa Energy announces offshore 3D seismic program

Posted on March 14, 2019March 14, 2019 by Mozambique Resources Post

Africa Energy has announced the start of a new 3D marine seismic acquisition program over the Paddavissie Fairway on the Total-operated Block 11B/12B offshore South Africa.

Angola: Eni hits ‘major oil discovery’ offshore

Posted on March 14, 2019March 14, 2019 by Mozambique Resources Post

The new discovery is estimated to contain between 450 and 650 million barrels of light oil in place with further upside, Eni said on Wednesday.

Angola: PGS, Sonangol in Kwanza 3D survey offshore

Posted on March 7, 2019March 7, 2019 by Mozambique Resources Post

Norwegian seismic services provider PGS, in cooperation with Angolan state-owned oil company Sonangol, is acquiring a new survey over the shallow-water shelf area of the Kwanza Basin off Angola.

Africa Oil & Gas: Ten developments that will shape Africa’s energy sector in 2019

Posted on January 21, 2019January 21, 2019 by Mozambique Resources Post

After a year of rebound and recovery, Africa’s old and new hydrocarbons markets have an opportunity to further entrench the continent’s position as the world’s hottest oil and gas frontier in 2019.

Global Industry: Oil Majors Bet Big On Offshore Drilling In 2019

Posted on January 15, 2019January 15, 2019 by Mozambique Resources Post

Oil majors will spend US$208 billion on offshore drilling and other oilfield services this year, but not all sector players are positioned to benefit from the higher spending, Bloomberg reportedlast week, citing Rystad Energy’s head of oilfield service research, Audun Martinsen. Bigger oilfield service providers, unsurprisingly, would have a better chance at making the most of the recovery in offshore drilling, especially those with expertise in deepwater projects, according to Martinsen, among them UK-based TechnipFMC and…

Markets: Global Drilling And Well Services Activity Sees An Upswing

Posted on December 26, 2018December 26, 2018 by Mozambique Resources Post

Since the industry’s all-time low in 2016, field service activities have rebounded and are expected to grow at an average annual rate of 4 percent towards 2021. This is in response to stronger demand for oil and gas and to some of the 30 major energy projects that received final investment decisions in 2017.

Africa Oil & Gas: Africa Energy completes Block 11B/12B farm-in offshore South Africa

Posted on December 20, 2018December 20, 2018 by Mozambique Resources Post

Africa Energy has received governmental approval and closed the previously announced transactions to acquire an effective 4.9% interest in the Exploration Right for Block 11B/12B offshore South Africa.

Africa Oil & Gas: Offshore oil miss fails to dent Gambian optimism

Posted on December 6, 2018 by Mozambique Resources Post

The West African country’s most recent effort to find offshore oil came up short, but explorers hope to drill more wells in 2019

Africa Oil & Gas: Global Petroleum increases Namibian footprint

Posted on September 20, 2018 by Mozambique Resources Post

Global Petroleum has been awarded a majority interest in an offshore block in Namibia’s northern Walvis basin.

Africa Oil & Gas: Tullow Oil spuds Cormorant-1 well in PEL 37 offshore Namibia

Posted on September 4, 2018 by Mozambique Resources Post

JV partner Pancontinental Oil & Gas has announced that operator Tullow Oilhas spudded the Cormorant-1 well in Petroleum Exploration Licence 37 (‘PEL 37’) offshore the Republic of Namibia. Pancontinental holds a 20% effective interest in PEL 37 and was the originator of the project, and initial Operator prior to a farmout to Tullow. PEL 37 covers an area of 17,295 sq kms in the Walvis Basin offshore Namibia.

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