Offshore

The Future of Mozambique’s Energy Landscape: A New Agreement with Samsung Heavy Industries In a significant leap forward for Mozambique's energy sector, an agreement has been signed with South Korea's Samsung Heavy Industries. This deal will pave the way for the delivery of an advanced Floating Liquefied Natural Gas (FLNG) platform, designed to unlock the country’s bountiful offshore gas reserves. The implications of this agreement could be far-reaching—not just for Mozambique, but for global energy dynamics. According to…

Mogadishu (AX) — On Thursday, Somali President Hassan Sheikh Mohamud took a significant step forward in the country’s development by visiting the Turkish seismic exploration vessel Oruc Reis at the bustling Port of Mogadishu. This visit was not just ceremonial; it marked the culmination of an extensive oil exploration mission unfolding off the coast of Somalia. During his tour of the vessel, President Mohamud took a moment to commend the Turkish partners and all the dedicated stakeholders involved in this months-long…

On Thursday, Chevron made headlines with its announcement indicating plans to potentially drill an exploration well in the Walvis Basin off the Namibian coast. This initiative could see operations commencing as early as 2026 or 2027. It’s a move that encapsulates the evolving dynamics of global energy exploration and the intriguing potential that Namibia holds. The announcement fits into a broader narrative. Chevron, a giant in the oil and gas sector, is keen on advancing its prospect portfolio in Namibia—an area that has…

The Maritime Partnership: Türkiye's Endeavor with Somalia In a world where alliances shape the contours of global power, Türkiye and Somalia have embarked on a captivating journey of cooperation through the ambitious offshore energy partnership initiated in March 2024. This potent alliance heralded the arrival of Türkiye's seismic vessel, now diligently engaged in conducting intricate 3D surveys within Somali waters. A step paramount for nations looking to optimize energy resources, this venture unfolds with layers of…

 Türkiye's research vessel Oruç Reis navigates the Bosporus in Istanbul, Türkiye, on October 5, 2024. (AA Photo) Embarking on a new chapter in maritime oil and gas exploration, the Oruç Reis seismic research ship sets sail for Somalia, marking a significant move celebrated by Türkiye's Energy and Natural Resources Minister, Alparslan Bayraktar, on Saturday. Somali officials acknowledge Türkiye's unwavering assistance in enhancing their energy sector.Joining the send-off ceremony alongside President Recep Tayyip Erdoğan,…