Seadrill has secured a contract with Total Upstream Nigeria for use of the newbuild ultra-deepwater drillship West Jupiter, in support of Total’s Egina project offshore Nigeria. The contract is for a firm period of five years and has a total revenue potential for the primary contract term of approximately $1.1 billion inclusive of mobilization. Seadrill’s […]

The oil ministry in the Democratic Republic of Congo (DRC) has issued a tender for bids to exploit reserves of methane gas in Lake Kivu. The tender was announced by the prime minister’s office on its twitter account but offered no details. “It is very important that we exploit this gas, because otherwise it has […]

WHL Energy Ltd. revealed that it has elected to pay out a trade finance agreement entered into with Bergen Global Opportunity Fund V, LLC. Under the Agreement announced to the ASX, the Fund provided a one-off loan of $2.7 million to the company. The funds were used to convert into cash the Tap Oil Seismic […]