News
Eco Atlantic advances offshore Falklands acquisition after shareholder approval
1+ hour, 47+ min ago (281+ words) (WO) " Eco Atlantic said it has secured final court approval for its proposed acquisition of JHI Associates Inc. , advancing the company's planned expansion into offshore Falkland Islands acreage and additional Guyana exposure." The Ontario Superior Court of Justice approved the…...
Senegal advances $7. 5 billion Yakaar-Teranga gas development
4+ day, 21+ hour ago (327+ words) (Bloomberg) " Senegal's state-owned oil company said the Yakaar-Teranga gas discovery will cost $7. 5 billion to develop, but will help the country slash energy subsidies once on stream. The project could sharply reduce Senegal's $1 billion-a-year subsidy bill and ultimately help to replace…...
Block Energy enters offshore Gabon with Ndjila and Mpari PSC deal
5+ day, 23+ hour ago (288+ words) (WO) " Block Energy plc is expanding into offshore Gabon through a conditional agreement with Pilgrim Exploration Limited tied to the Ndjila and Mpari production sharing contracts (PSCs), marking the company's entry into a new West African upstream region alongside a…...
Angola's Block 2/05 advances with successful Espadarte appraisal well
6+ day, 2+ hour ago (273+ words) (WO) " Etu Energias and its partners in Angola's Block 2/05 have successfully completed drilling, completion and testing operations at the Espadarte 7 ST2 appraisal well in the Lower Congo basin offshore Angola." The extended-reach deviated well, drilled to a maximum inclination of approximately…...
Seadrill adds $860 million in offshore rig backlog amid rising deepwater demand
1+ week, 27+ min ago (285+ words) (WO) " Seadrill added more than $860 million to its offshore drilling contract backlog during first-quarter 2026, supported by new deepwater rig awards and extensions across Brazil, the U. S. Gulf and Angola as the company pointed to strengthening demand for offshore drilling services. Seadrill's…...
South Sudan declines to renew Oranto's Block B3 exploration license
1+ week, 6+ day ago (162+ words) (WO) - The Ministry of Petroleum of South Sudan has declined to renew the exploration and production sharing agreement (EPSA) held by Oranto Petroleum for Block B3, following a review of the company's performance over the contract period. The ministry said Oranto…...
Exxon Mobil awards Subsea7 contract for Angola offshore redevelopment
2+ week, 3+ day ago (174+ words) (WO) - Subsea7 S. A. has been awarded an engineering, procurement, construction and installation (EPCI) contract by Exxon Mobil for a subsea tie-back project offshore Angola. The award, valued between $150 million and $300 million, covers work on the Redevelopment 2. 0 Likembe Project in Block 15, a mature…...
Eco Atlantic advances JHI acquisition, targeting Falklands offshore stake
2+ week, 3+ day ago (173+ words) (WO) - Eco Atlantic Oil & Gas Ltd. has advanced its planned acquisition of JHI Associates, positioning the company to secure an offshore exploration interest in the Falkland Islands. JHI has received an interim court order allowing the transaction to proceed to…...
New JV targets deepwater exploration in Guinea-Bissau offshore blocks
3+ week, 3+ day ago (287+ words) A new joint venture between Petro Guin and Tender Oil and Gas marks a step forward in unlocking Guinea-Bissau's offshore potential, reinforcing broader momentum across West Africa's deepwater frontier. Signed during the Invest in African Energy Forum in Paris on…...
VAALCO advances Gabon drilling program, targets Q2 restart of Baobab offshore field
3+ week, 6+ day ago (270+ words) (WO) - VAALCO Energy has reported strong initial results from its ongoing offshore Gabon drilling campaign, while progressing additional development activity and a planned production restart offshore C'te d'Ivoire. The company said the Etame 14 H development well has been successfully drilled,…...