West Africa ///

Lukoil acquires deepwater Senegal interest from Cairn Energy

The 2,212 sq. km blocks are located on the deepwater shelf of the Republic of Senegal, and include the Sangomar and FAN fields .According to the Lukoil's estimates, the recoverable hydrocarbon reserves of the Sangomar field total approximately 500 MMboe.

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

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

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

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

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

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

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

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

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

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.

Tullow shares jump as Uganda sale to Total finalizes

Tullow Oil concluded a years-long process to sell its Uganda assets to Total SA, the first step in an asset-sale program that’s crucial to reducing its debt. The shares jumped the most on record.

WFS, AeonX team up to deliver asset integrity, flow assurance in Nigeria

AeonX Limited (Nigeria) has signed a partnership agreement with WFS to promote and deliver the full range of state-of-the-art Seatooth products for asset integrity and flow assurance monitoring to existing and new clients in Nigeria.

Total divests of $400 million in exploration, production and distribution assets

In line with its strategy of actively managing its asset portfolio and its objective to divest $5 billion in assets in 2019-2020, Total is pursuing the divestments of several non-core assets in both Exploration-Production and Marketing & Services. These divestments represent a global value of more than $400 million.

TDI-Brooks completes MSGBC basin field data acquisition program offshore West Africa

TDI-Brooks International, under contract to TGS, has completed its offshore “seep-hunting” surface geochemical analysis and geotechnical campaign of the MSGBC Basin, from Northern Senegal through The Gambia and AGC zone, into Guinea-Bissau down to the Guinea transform fault.

Tullow cancels Maersk Venturer contract offshore Ghana

Maersk Drilling has been notified by Tullow Ghana of early termination of its contract for the Maersk Venturer deepwater drillship.

These countries have the most firepower in the oil price war

With OPEC’s output limits suspended and a price war under way, the group’s biggest oil producers are preparing to churn out more barrels to protect market share.

Total-Occidental’s Ghana deal delayed by $500m tax claim

A capital gains tax claim for about $500 million is holding up Total SA’s acquisition of Occidental Petroleum Corp.’s assets in Ghana, according to Finance Minister Ken Ofori-Atta.

Ghana approves Tullow gas-flaring request to support offshore development

Ghana’s agreement with Tullow entitles the West African nation to free deliveries of gas that the company extracts with crude from its fields.

BP awards Oceaneering two light well intervention projects offshore Angola

BP has awarded Oceaneering a contract to provide comprehensive riserless light well intervention services offshore Angola in Blocks 18 and 31.