Africa
NSC’s Weekly Piracy Update (Africa)
There are currently no vessels being held by pirates in the HOA region, however there are at least 50 hostages remaining in various locations. During the past week there have been indications of pirate activity ashore. (NFI) This activity could be in anticipation of the inter monsoon season which wi
Wood Mackenzie: The Globe Holds 1.4 Trillion Boe of Undeveloped Reserves
Around the globe there are nearly 1.4 trillion barrels of oil equivalent (boe) reserves in conventional undeveloped oil and gas fields according to Wood Mackenzie’s latest upstream outlook. This includes nearly 1.1 trillion boe of “technical reserves” – a term Wood Mackenzie uses for reserves for wh
Ghana: Takoradi Harbour in Development Mode
The Takoradi Port breakwater development program is scheduled to commence from September 28, 2013. This phase will include the construction works on the Takoradi Harbour breakwater extension, according to myjoyonline.com. Regarding this plan, Mr Pascal Dumez, the project manager of Jan De Nul Group,
EMGS Gets LOI for Data Acquisition in West Africa
Electromagnetic Geoservices (EMGS) has received a Letter of Intent to award a contract for a minimum USD 8 million for 3D EM data acquisition in West Africa. It is expected that the 3D EM survey program will be performed using the vessel EM Leader. The vessel is already mobilizing to the region. “Ba
EMGS Gets Letter of Intent for EM Leader in West Africa
Electromagnetic Geoservices (EMGS) has received a Letter of Intent to award a contract for a minimum USD 8 million for 3D EM data acquisition in West Africa. It is expected that the 3D EM survey program will be performed using the vessel EM Leader. The vessel is already mobilizing to the region. “Ba
CAMAC: Oyo-7 Drilling Begins (Nigeria)
CAMAC Energy Inc. has been informed by Allied Energy PLC (“Allied”) that drilling operations at the Oyo-7 well commenced on September 9, 2013. The Company is using Transocean’s Sedneth 701 drilling rig for this project. The drilling of the pilot hole to assess shallow hazards around the Oyo-7 locati
Global Petroleum to Renew Juan de Nova Est Permit
Global Petroleum Limited, the oil and gas exploration company presently focused on emerging plays in Africa, announces that an application has been filed to renew the Juan de Nova Est permit for a five year term. If such renewal is granted Global would be Operator, holding a 50% equity in the permit
Application Filed for Juan de Nova Est Permit Renewal
Global Petroleum Limited, the oil and gas exploration company presently focused on emerging plays in Africa, announces that an application has been filed to renew the Juan de Nova Est permit for a five year term. If such renewal is granted Global would be Operator, holding a 50% equity in the permit
TNPA to Host PMAESA Conference (South Africa)
Transnet National Ports Authority (TNPA) will host the Africa Economic Maritime Integration Conference on 4 and 5 November 2013 at the International Convention Centre in Durban, South Africa. The conference will feature 20 world-class speakers in the fields of economics, commerce and industry, banki
Marathon Oil to Sell Stake in Block 32 (Angola)
Marathon Oil Corporation announced it is moving forward with plans to repurchase $1 billion of the Company’s common stock pursuant to its outstanding share repurchase authorization. Unrelated to the share repurchase, the Company also announced an intent to sell its interest in Block 32 offshore Ango
RWE Dea Starts Gas Production in Egypt
RWE Dea announced that the first gas from the Disouq concession, in which RWE Dea Egypt holds 100% of all shares and with the Egyptian Natural Gas Holding Company (EGAS) as state partner, has been delivered to the Egyptian National Grid. The production is expected to ramp-up progressively during the
RWE Dea Produces First Gas from Disouq, Egypt
RWE Dea Egypt has produced first gas from the Disouq concession in the Egyptian Nile Delta. The project encompasses the development of seven gas fields in the area to produce a total of approx. 11.4 billion cubic metres of gas. Disouq is the first natural gas project to be brought into production by