Africa
Gabon Awards 13 Offshore Blocks
Eleven oil companies have been awarded blocks in Gabon as part of the West African country’s licencing round. According to Reuters, the government has granted 13 blocks. Once the third largest oil producer in Sub-Saharan Africa, the country is hoping to improve the declining oil output, as large oil
Research & Markets: Oil and Gas Security Market to Reach $30 Bln Number by 2018
Research and Markets has announced the addition of the “Oil and Gas Security Market” report to their offering. According to the report the total oil and gas security market is expected to grow from $23.23 billion in 2013 to $29.98 billion by 2018, at an estimated Compound Annual Growth Rate (CAGR) o
Petrofac, Bonatti Secure EPC Contract in Algeria
Petrofac will lead a partnership with Italian Bonatti to execute a 32-month Engineering, Procurement and Construction (EPC) contract for Sonatrach to extend the life of the Alrar gas field in south east Algeria. The contract value is more than US$650 million. The scope of work encompasses engineerin
Angola LNG Producing at 20 Pct Capacity
The Angola LNG project, which sent off its first LNG cargoes in June, is currently producing at just 20 percent of its maximum capacity. “We started producing this year but we still have not reached maximum production capacity at Angola LNG, we are at around 20 percent,” Reuters cited Paulo Fernande
Cobalt Makes Two Oil Discoveries Offshore Angola
Cobalt International today announced discoveries at its Lontra #1 and Mavinga #1 deepwater Pre-salt exploratory wells offshore Angola. On Block 20, the Lontra #1 well has reached total depth, and the drilling and evaluation results confirm an oil and gas discovery. Further evaluation, including a dr
Portugal to Receive LNG Cargo
Portugal’s Port of Sines will get a shipment of liquefied natural gas on November 2, port data shows. The LNG Lagos, with a capacity of 122,000 cubic metres, is sailing from the Bonny terminal in Nigeria. The Sines terminal is held by REN Atlântico and has a nominal send out capacity of 600,000 cubi
President of Somalia Welcomes Leading Dutch Businesses
His Excellency Hassan Sheikh Mohamud, the President of the Federal Republic of Somalia, today welcomed Dutch Minister for Foreign Trade and Development Cooperation, Lilianne Ploumen, as well as leading Dutch businesses to Somalia. The President thanked Minister Lilianne Ploumen for visiting Somalia,
Tanzania Launches Offshore Licensing Round
The Government of the United Republic of Tanzania has through Tanzania Petroleum Development Corporation (TPDC) announced the launch of 4th Tanzania Offshore Licensing Round. The Bidding Round covers seven Deep Offshore Blocks and the Lake Tanganyika North Offshore Block. The Deep Offshore Blocks ar
Drilling Ops Start in Foum Draa Licence Off Morocco
Serica Energy plc confirms the start of drilling operations in the Foum Draa licence, offshore Morocco. Cairn Energy, as Operator, announced this morning that drilling operations have commenced with the FD-1 wildcat exploration well using the Cajun Express, a fifth generation semi-submersible drilli
Kosmos Energy, Cairn Seal Farm-Out Deal (Morocco)
Kosmos Energy today announced that it has entered into a farm-out agreement with Capricorn Exploration & Development Company Limited, a wholly-owned subsidiary of Cairn Energy PLC (LSE:CNE), covering the Cap Boujdour Contract Area, offshore Morocco. Under the terms of the agreement, Cairn will acqui
Top News of the Week October 21 – 26, 2013
Qatar: Nakilat Damen Shipyards Signs Newbuild Orders Qatar’s premier marine company Nakilat has secured vessel building and operations contracts for the Port of Ras Laffan via its joint ventures, shipbuilder Nakilat Damen Shipyards Qatar (NDSQ) and towage operator Nakilat SvitzerWijsmuller (NSW). AI
Top News of the Week of Oct 21 – Oct 27, 2013
Subsea 7 Wins Two Contracts from Petrobras Offshore Brazil Subsea 7 S.A. announced the award of two contracts with a combined value (at the time of contract signature) in excess of US$600 million from Petrobras. DeepOcean Charters New Build SURF Installation Vessel DeepOcean AS, a subsidiary of Deep