Problems continue to mount in Libya as companies and embassies reduce staff over continuous political turmoil. The UK withdrew some of its embassy staff with the Foreign Office citing “ongoing political uncertainty” being its reason. In response to the UK’s decision, oil giant BP withdrew some of its non-essential staff issuing a statement: “Following [Foreign […]

Afren completed a farm-out agreement with Lekoil, subject to government approval, in respect to a 17.14% participating interest in OPL 310. The OML is located offshore Nigeria close to the Aje field. Under the terms of the farm out, Afren will receive a total carry of up to $50 million in respect of an exploration […]

The crew of Transocean’s semisubmersible rig, Sedco Express (EXS), played a vital role in rescuing the crew of a fuel tanker that was on fire offshore Nigeria. The EXS was working offshore Nigeria under contract to ENI when the news of a nearby fuel tanker on fire was received. According to a Transocean statement, what […]