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Exploration

A subsidiary of offshore drilling contractor, Seadrill, has signed into an agreement with Songa Offshore to acquire the ultra-deepwater semi-submersible rig Songa Eclipse for US$590mn

Total has announced that it has sold its 20 per cent interest in the Nigerian OML 138 block to a subsidiary of China Petrochemical Corporation (Sinopec) for US$2.5bn

Spanish oil firm Repsol is preparing to recommence drilling in Libya in early 2013, adding to signs that the country’s key industry is making a comeback following the 2011 civil war

Kenya plans to utilise its current natural resources exploration boom by acquiring a 25 per cent stake in the production activities of oil and gas companies working in the country

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