http://www.worldoil.com WorldOil Oceaneering wins inspection services scope in Angola from CABGOC https://www.worldoil.com/news/2020/6/30/oceaneering-wins-inspection-services-scope-in-angola-from-cabgoc Oceaneering International’s Asset Integrity group has secured a three-year contract with Cabinda Gulf Oil Company Limited (CABGOC), a Chevron subsidiary. Oceaneering will provide inspection services onshore Cabinda, Angola, and offshore Angola on Blocks 0 and 14. The contract is scheduled to begin in Q2 2020. Saudi prince phones Nigeria to bring them in line with OPEC+ cuts https://www.worldoil.com/news/2020/6/30/saudi-prince-phones-nigeria-to-bring-them-in-line-with-opecplus-cuts Saudi Arabia, de facto leader of the OPEC cartel, held a call with fellow member Nigeria as the organization strives to deliver production cuts aimed at bolstering global crude markets. Sparrows Group starts up new Luanda, Angola facility https://www.worldoil.com/news/2020/6/11/sparrows-group-starts-up-new-luanda-angola-facility The move provides the company with a new workshop, storage yard, training facilities, and office to deliver its International Organization for Standardization (ISO) certified services in-country. This includes a broad range of turnkey engineering, equipment maintenance and training services. Nigeria commits to new OPEC+ targets after earlier non-compliance https://www.worldoil.com/news/2020/6/5/nigeria-commits-to-new-opecplus-targets-after-earlier-non-compliance Nigeria said it reaffirms its commitment to the OPEC+ deal struck on Saturday and “subscribes to the concept of compensation” from members pumping above their quota. Aker Energy commits to making the Pecan field offshore Ghana a success https://www.worldoil.com/news/2020/6/5/aker-energy-commits-to-making-the-pecan-field-offshore-ghana-a-success Aker Energy Ghana Limited reaffirmed its commitment to finding a solution that will allow for the commencement of a phased development of the Pecan field offshore Ghana. Repeat offenders ding full compliance on OPEC+ output cuts https://www.worldoil.com/news/2020/6/1/repeat-offenders-ding-full-compliance-on-opecplus-output-cuts OPEC’s delivery of its latest oil-production cutbacks, while strong overall, was undermined by its habitual laggards. Ghana reconsiders oil’s role in its economy as prices fall https://www.worldoil.com/news/2020/5/27/ghana-reconsiders-oil-s-role-in-its-economy-as-prices-fall The global slump in crude prices is giving Ghana a chance to rethink its dependence on a sector that was its key driver of economic growth in recent years. UK dismisses Nigeria’s $1 billion bribery lawsuit against Shell, Eni https://www.worldoil.com/news/2020/5/22/uk-dismisses-nigeria-s-1-billion-bribery-lawsuit-against-shell-eni The ruling is a victory for the oil companies, which have been clouded by accusations in a years-old dispute over exploration rights to a tract in the Gulf of Guinea called Oil Prospecting License 245 that has spread to courtrooms throughout Europe. Total walks on deal for Oxy’s oil assets in Ghana and Algeria https://www.worldoil.com/news/2020/5/18/total-walks-on-deal-for-oxy-s-oil-assets-in-ghana-and-algeria The disposal of the projects in Algeria and Ghana was supposed to raise about $5 billion for Occidental, which is on the hook for larger debt repayments beginning next year resulting from its Anadarko acquisition. Petrostates forced to consider life without oil revenues as prices stay low https://www.worldoil.com/news/2020/5/6/petrostates-forced-to-consider-life-without-oil-revenues-as-prices-stay-low From Nigeria to Venezuela and Iraq, petrostates are facing the same challenge -- maintaining their economies while their prized commodity is worth a much less than it was, and where private companies often still want their cut.