Africa
PIRA Energy: LNG Supply Shifts to Asia
PIRA Energy Group reported that LNG supply shifts to Asia. At end-May, eastern Canada’s storage deficit remained a whopping 40% of the market’s pre-winter peak. In Europe, there is a strategy shift for third Quarter buying. Specifically, PIRA’s analysis of natural gas market fundamentals has reveale
IMO Welcomes Adoption of New Piracy and Maritime Law Enforcement Code
IMO Secretary-General Koji Sekimizu has welcomed the signature by 22 States of the Code of Conduct concerning the prevention of piracy, armed robbery against ships and illicit maritime activity in West and Central Africa. The Code was adopted formally by the Heads of State meeting in Yaoundé, Camero
Afren Announces Significant Oil Discovery Offshore Nigeria
Afren plc (“Afren” or the “Company”) announces that the high impact Ogo-1 well located on the OPL 310 licence offshore Nigeria has discovered a significant light oil accumulation, based on the results of drilling and wireline logs. The Ogo-1 well has been drilled to a total measured depth of 10,518
Vantage Secures Two Drilling Contracts
Vantage Drilling Company has announced it has received a Letter of Award for a 3 well program in Southeast Asia for its Tungsten Explorer drillship. The Letter of Award for the project was previously announced. The Letter of Award is subject to customary conditions of negotiating the final contract
Marathon Confirms Sale of Angola Assets to Sinopec
After it was previously announced that China’s Sinopec has reached an agreement to buy Marathon’s stake in Block 31, offshore Angola, the US-based oil company has confirmed the deal today. Marathon Oil Corporation announced that its subsidiary, Marathon International Oil Angola Block 31 Limited, has
Total Splashes More Cash on Egina. Awards Saipem $3Bln Contract
French oil giant Total is on a cash spending spree. Italy’s Saipem has revealed it has been awarded the contract for subsea development of the Total-operated Egina field in Nigeria, in a water depth up to 1,700 meters. The value of the contract is estimated at $3 bln. Total’s Nigerian subsidiary, To
Saipem Nets $3 Bln Egina Subsea Development Contract
Saipem has been awarded the contract for the subsea development of the Egina field, in Nigeria, in a water depth up to 1,700 metres. The project was included in the new contract awards announced in the press release issued on 21st May 2013, but was not named at that time and it is worth approximatel
Optimum Makes ‘Significant’ Oil Discovery Offshore Nigeria
Afren plc announces that the high impact Ogo-1 well located on the Optimum Petroleum Development Ltd-operated OPL 310 licence offshore Nigeria has discovered a significant light oil accumulation, based on the results of drilling and wireline logs. The Ogo-1 well has been drilled to a total measured
Nigeria: NPA Board Chairman Commends Rivers Port’s Workforce
The chairman governing board of the Nigeria Ports Authority (NPA), Chief Tony Anenih has commended the efforts of the workforce in the Authority, especially those in the Rivers Port, Port Harcourt, for sustaining the Port in the last 100 years of its existence. He therefore joined the workforce in c
Two Drilling Contracts for Vantage in Asia and Africa
Vantage Drilling Company has announced it has been awarded a Letter of Award for a 3 well program in Southeast Asia for its Tungsten Explorer drillship. The contract is expected to start following the initial contract previously announced. “The Letter of Award is subject to customary conditions of n
FMC Technologies Wins Subsea Equipment Order for Egina Field (Nigeria)
FMC Technologies, Inc. announced today that it has received an order from Total Upstream Nigeria Ltd. for subsea equipment for the Egina field. The award has an estimated value of $1.2 billion. The Egina field is located in Block OML 130 offshore Nigeria. FMC Technologies’ scope of supply includes s
FMC Technologies to Supply $1.2 Bln Worth of Subsea Equipment for Egina Field
FMC Technologies, Inc. announced today that it has received an order from Total Upstream Nigeria Ltd. for subsea equipment for the Egina field. The award has an estimated value of $1.2 billion. The Egina field is located in Block OML 130 offshore Nigeria. FMC Technologies’ scope of supply includes s