Talos Energy has completed its appraisal program for the Zama discovery on Block 7, in the offshore portion of Mexico’s prolific Sureste basin.
Rising oil supplies and falling prices in second-half 2018 constrained global drilling, but activity should post a measured gain in 2019. Virtually all the global oil production increase is due to U.S. shale activity.
Total—alongside partners CNOOC Limited (45%), Petrobras (16%) and Nigerian National Petroleum Corp. (15%)—has begun producing from Egina field, about 93 mi off the coast of Nigeria.
March 07, 2018
Oil exports from Angola are slumping and the International Energy Agency says aging fields and a lack of interest from foreign investors mean the worst is yet to come.
March 05, 2018
Isabel Dos Santos, the billionaire fired as chairwoman of Angola’s state oil company last year, denied any wrongdoing in the transfer of $38.2 million from the company.
February 14, 2018
BP has awarded Sparrows Group a three-year contract to manage crane operations and maintenance, and deck services off the coast of Angola.