Africa
Top News – June 17 to 23, 2013
Russia: Boskalis Signs Contract for St Petersburg Port Project Royal Boskalis Westminster N.V. announces the contract award for the construction of the Bronka Port in St Petersburg. Australia: Infrastructure Heavyweights Compete for Melbourne Port Project The $1.6 billion redevelopment of the Port
Total to Continue with Egina Field Development (Nigeria)
Total announces that its subsidiary Total Upstream Nigeria Limited (TUPNI), operator of the OML 130 block, and co-venturers have obtained the necessary approvals from Nigerian National Petroleum Corporation to award the main EPC contracts for the development of the offshore Egina field. The field, d
Total to Start Awarding EPC Contracts for Egina Field (Nigeria)
Total today announces that its subsidiary Total Upstream Nigeria Limited (TUPNI), operator of the OML 130 block, and co-venturers have obtained the necessary approvals from Nigerian National Petroleum Corporation to award the main EPC contracts for the development of the offshore Egina field. The fi
Wentworth Granted USD 10 Mln Long-Term Debt Facility (Tanzania)
Wentworth, the Oslo Børs and AIM listed oil and gas exploration and production company, announced the completion of a US$10 million long-term debt facility, further to their Q1 2013 results announcement of 23 May 2013. On 20 June 2013, the Company executed a US$10 million term loan facility that mat
WODCON XX: WODA Adopts Principles of Sustainable Dredging
Every three years leading experts meet for the World Dredging Congress and Exhibition, known as WODCON. This is the single most important opportunity for the worldwide dredging community to explore and share the latest developments in the industry. In 2013 the gathering took place in Brussels, Belgi
ABB Wins LPG Pumping Station Contract in Algeria
ABB, the leading power and automation technology group, has been awarded the engineering, procurement and construction (EPC) contract for a new liquefied petroleum gas (LPG) pumping station in the Hassi Messaoud District to increase the capacity of LR1 pipeline in Algeria. The contract was awarded b
Wood Mackenzie: Addressing Subsidies Needed to Meet Egypt’s Gas Demand
In an independent assessment of Egypt’s gas sector, Wood Mackenzie highlights the challenges Egypt faces in addressing its supply shortfall as a result of soaring domestic demand and a flat production outlook. In an environment of falling exploration success, rising development costs and low gas pri
Rolls-Royce: Innovative Solutions Reduce Environmental Impact
Significant investment continues in the technologies that address the need for more efficient and environmentally sustainable power and propulsion systems. Proven experience in using LNG as a marine fuel spans over five years, with a growing number of Rolls-Royce LNG powered ships at sea. Innovative
Chariot Granted New Licence for Block 2714B Offshore Namibia
Chariot Oil & Gas Limited, the Atlantic margins focused oil and gas exploration company, announces that its wholly owned subsidiary, Enigma Oil & Gas Exploration (PTY) Limited, has been granted a new licence for Chariot’s existing Block 2714B in the Southern area offshore Namibia by the Ministry of
Chariot’s Namibian Licence Enters First Exploration Phase
Chariot Oil & Gas Limited, the Atlantic margins focused oil and gas exploration company, today announces that its wholly owned subsidiary, Enigma Oil & Gas Exploration (PTY) Limited, has been granted a new licence for Chariot’s existing Block 2714B in the Southern area offshore Namibia by the Minist
Rialto Raising Cash to Fund E&D Offshore Cote d’Ivoire
Rialto today announces its intention to raise up to A$16.0 million (approximately £9.7 million) by way of a placing of new ordinary shares of the Company (the “Placing Shares”) to institutional and other investors (the “Placing”). The Placing will be conducted by way of an accelerated bookbuild proc
WorleyParsons Gets Design Contract from SHI
Samsung Heavy Industries (SHI) has awarded WorleyParsons a contract for the detailed design and engineering for the topsides process modules of the floating production, storage and offloading (FPSO) vessel for a deep-water oil field located offshore Nigeria. The expected revenue to WorleyParsons fro