Energy services firm BW Offshore, along with its exploration partner BW Energy, has successfully transferred operations and maintenance (O&M) responsibilities for the FPSO BW Adolo to BW Energy’s Gabonese subsidiary, BW Energy Gabon SA. Under the revised agreement, BW Energy will continue to own the FPSO through a bareboat charter arrangement, leasing the unit to BW Energy Gabon under existing terms, excluding O&M services. The vessel is currently producing oil from the offshore Dussafu Marin
Offshore engineering company Subsea7 has been awarded a significant subsea contract for a project located offshore West Africa. Valued between $50 million and $150 million, the contract includes the transportation and installation of flexible pipelines, umbilicals, and associated subsea infrastructure to connect a floating production, storage and offloading (FPSO) vessel. The scope also covers pre-lay activities in preparation for an upcoming drilling campaign. “Our close and agile collaboration with clients enables us to deliver cost-effective
Brazilian state-owned energy giant Petrobras has signed a memorandum of understanding (MoU) with Angola’s national oil company, Sonangol, to collaborate on research and development in the oil and gas sector. The agreement was formalized during Angolan President João Lourenço’s state visit to Brazil in May 2025, which focused on deepening trade and energy ties between the two nations. Both President Lourenço and Brazilian President Luiz Inácio Lula da Silva emphasized the importance of strengthening bilateral
Cabinda Gulf Oil Company Limited (Cabgoc), a subsidiary of Chevron, has confirmed that one person is missing following a fire that broke out on its offshore oil platform early Tuesday. The incident also left 17 people injured, including four in serious condition. The fire occurred on the basement deck of the Benguela Belize Lobito Tomboco (BBLT) deepwater platform, located in Block 14 offshore Cabinda, Angola. The facility was undergoing scheduled annual maintenance, and all production
A fire broke out early this morning on the Benguela Belize Lobito Tomboco (BBLT) deep-water oil platform in Angola, injuring 17 workers, four of them seriously, according to a statement from the National Oil, Gas and Biofuels Agency (ANPG). The platform is operated by Cabinda Gulf Oil Company Limited (Cabgoc), a Chevron subsidiary, and is located in Block 14 within the maritime zone of Cabinda. The incident occurred around 3:00 AM on the subsoil deck
Côte d’Ivoire has signed a strategic partnership with U.S.-based Yaatra Ventures to develop a second oil refinery, aiming to expand its refined petroleum exports across West Africa. The project, developed in collaboration with the state-owned Société Ivoirienne de Raffinage (SIR), is expected to attract more than CFA 3,000 billion (approximately $5.1 billion) in investment. During the signing ceremony, Energy Minister Mamadou Sangafowa Coulibaly emphasized the country’s ambition to double its refining capacity. Yaatra and SIR
Sintana Energy Inc. has secured a new exploration opportunity in Angola through a strategic agreement that strengthens its position in West Africa’s energy sector. The agreement grants Sintana an indirect 5% interest in the KON-16 onshore block in Angola’s Kwanza Basin through a partnership with UK-based Corcel Plc. The collaboration also opens the door for both companies to pursue additional ventures across the region. As part of the deal, Sintana will invest $2.5 million—beginning with
Seplat Energy has unveiled plans to revive over 400 dormant oil wells across its assets as part of a strategic move to boost production and reinforce its position in Nigeria’s energy sector. The announcement was made by Chief Operating Officer Samson Ezugworie during the company’s post-Annual General Meeting (AGM) held in Lagos on Wednesday. Seplat currently operates eight of the 11 oil blocks in its portfolio—seven onshore and four offshore. Ezugworie described these assets as
Shell paid $5.34 billion to Nigeria in 2024—the highest amount it paid to any country that year—according to figures released Thursday as part of a UK legal disclosure. The payments, which include taxes and other extractive-related charges, marked an increase from 2023. This surge comes as Shell prepares to exit its onshore oil operations in Nigeria after decades of activity marked by environmental controversies and social unrest. Although the company will maintain its offshore operations,
Petrobras, Brazil’s state-controlled oil giant, is actively seeking a return to Nigeria’s oil and gas sector, with a renewed focus on frontier deepwater exploration. This marks a strategic shift from its earlier divestment approach and signals Petrobras’ intent to expand its global footprint once again. The development was revealed by Nigeria’s Vice President, Kashim Shettima, in a post on X (formerly Twitter). Shettima attributed Petrobras’ revived interest to the economic reforms being implemented under President
