Equatorial Guinea joins OPEC

The Organization of the Petroleum Exporting Countries (OPEC) has expanded its membership and now comprises 14 ...

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OPEC extends oil output cut by nine months

By Rania El Gamal, Ernest Scheyder and Alex Lawler VIENNA (Reuters) – OPEC decided on Thursday to extend cuts ...

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OPEC meets to talk further oil output cut extension

OPEC and several non-OPEC members are meeting on Thursday in Vienna to discuss further strategy on oil production. ...

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SeaBird keeps 'Osprey Explorer' busy in West Africa

SeaBird Exploration has signed a letter of award for some additional work in West Africa for an undisclosed client. ...

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Nigeria: Aje partners looking at gas development

Partners in the Panoro-run Aje field offshore Nigeria have put on hold the planned drilling of the Aje-6 well, ...

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Hyperdynamics kicks off drilling ops off Guinea

Pacific Drilling-owned drillship Pacific Scirocco has entered Guinea shelf waters and is starting drilling ...

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Jack-up selected for Ororo drilling campaign

Sirius Petroleum, an investment company focused on oil and gas exploration and development opportunities in ...

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Observations on the recent MODU market

  By Charlie Hockless, Senior Offshore Analyst at VesselsValue Since 2014 we’ve seen a significant decline in ...

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OPEC set to prolong oil cuts

By Alex Lawler and Rania El Gamal VIENNA (Reuters) – OPEC will likely agree to extend production cuts for ...

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Eni starts up OCTP project off Ghana

Italian oil company Eni has launched production from the integrated oil & gas development project in the ...

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Popular news, May 14 – 21, 2017

The most popular articles of the week

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Cairn wraps up SNE-6 appraisal

Oil and gas exploration and development company Cairn Energy has completed drilling operations at the SNE-6 ...

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EIA: OPEC's exports revenue on growth path after 2004-low

OPEC’s net oil exports revenues in 2016 fell to $433 billion, or some 15 percent from $509 million in ...

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Saudi Arabia, Russia agree oil output cuts until March 2018

By Chen Aizhu BEIJING (Reuters) – Saudi Arabia and Russia, the world’s two top oil producers, agreed on ...

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Bassoe: What will offshore rig recovery look like?

The word “recovery” dominates most discussions about the offshore oil and gas industry these days – and ...

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Ophir drills dust off Ivory Coast

Oil company Ophir Energy has failed to find ‘significant hydrocarbons’ in the Ayame-1X exploration well ...

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Popular news, May 8 – 14, 2017

The most popular articles of the week May 8 – 14, 2017.

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Total takes block offshore Mauritania

French oil major Total and the Government of Mauritania have signed an exploration and production contract to ...

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Bowleven to reduce headcount

Following a number of leadership changes led by an activist shareholder, Bowleven, the Cameroon focused oil and gas ...

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OPEC sees much higher oil supply from rivals in 2017

By Alex Lawler LONDON (Reuters) – OPEC on Thursday sharply raised its forecast for oil supply from non-member ...

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BP starts gas production from Taurus, Libra fields in Egypt

British oil and gas company BP has started gas production from the first two fields, Taurus and Libra, of the West ...

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Fortuna FLNG construction contract awarded

Following last week’s umbrella agreement for the Fortuna FLNG project off Equatorial Guinea, a construction ...

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First Otakikpo oil cargo lifted from Ailsa Craig FSO

First crude oil cargo produced from the Otakikpo marginal field has been lifted from the FSO Ailsa Craig by Shell ...

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Ophir close to securing $1.2B Fortuna FLNG loan

Ophir Energy, the operator of the Fortuna gas field offshore Equatorial Guinea is close to securing the financing ...

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Kosmos in 'major' gas discovery off Senegal

Oil and gas exploration and production company Kosmos Energy on Monday announced what it claims to be a ...

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Saudi energy minister: Oil output cuts may go beyond 2017

Saudi Arabia's energy minister Khalid Al-Falih said on Monday that oil markets were rebalancing after years of ...

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FPSO Sendje Berge contract axed

Addax Petroluem has terminated a contract with BW Offshore for an FPSO operating offshore Nigeria after losing a ...

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