Africa
Shell Nigeria Lifts Force Majeure on Gas Supplies to NLNG
The Shell Petroleum Development Company of Nigeria Ltd Joint Venture (SPDC JV) has lifted the force majeure on gas supplies to NLNG, Shell said in a statement. The force majeure was declared on 15th May 2013 due to a leak on the Eastern Gas Gathering System (EGGS-1) pipeline. The Joint Investigation
APM Terminals: Great Future for Nigerian Ports
Senior APM Terminals leaders met with the Nigerian Federal Minister of Industry, Trade & Investment, Mr. Olusegun Aganga and a delegation of government officials and advisors in The Hague as part of ongoing discussions on port infrastructure investment to promote Nigerian economic development throug
Lukoil Buys Into Exploration Block Offshore Cote d’Ivoire
Russian private oil and gas company LUKOIL has acquired a 65% share interest in the exploration, development and production project on block CI-504 offshore the Republic of Cote d’Ivoire in the Gulf of Guinea. The share in the project was acquired from a private Nigerian company, Taleveras Energy, w
ONGC: No Mozambique Deal Yet. Press Release Issued ‘Erroneously’
India’s oil and gas company ONGC Videsh Limited has withdrawn a press release issued yesterday in which the company announced it had, together with Oil India, acquired interest in the Rovuma Area 1 Offshore Block in Mozambique from the Videocon Mauritius Energy Limited. The company said that the pre
New Industry Report Shows Rising Unscheduled Downtime in Ports
The third Barometer Report from Trelleborg’s Marine Systems business has revealed that an overwhelming majority – over 90% – of those surveyed suffer from unscheduled downtime at their facility. Trelleborg’s annual Barometer Report, which has been running for three years, has previously discovered t
Chariot Gets Licence Extension for Offshore Morocco Blocks
Chariot Oil & Gas Limited, the Atlantic margins focused oil and gas exploration company, announces that its wholly owned subsidiary, Chariot Oil & Gas Investments (Morocco) Limited, has agreed with the Office National des Hydrocarbures et des Mines (“ONHYM”) a six month extension for the first phase
ONGC Withdraws Statement on Mozambique Deal
A press release prepared in connection with a potential definitive agreement for ONGC Videsh Limited and Oil India Limited to acquire interest in the Rovuma Area 1 Offshore Block in Mozambique from the Videocon Mauritius Energy Limited, erroneously got issued yesterday, ONGC Videsh said in a stateme
Qatar to Supply Five Free Cargoes of LNG to Egypt
Qatar, the world’s largest LNG producer, will supply Egypt with free five shipments of LNG to help Egypt with its fuel demand over the peak summer period, the Egyptian Petroleum Ministry revealed in a statement. “Qatar will supply five cargoes of liquefied natural gas as a gift to the Egyptian peopl
Chariot Given More Time to Evaluate Options in Moroccan Licences
Chariot Oil & Gas Limited has agreed with the Office National des Hydrocarbures et des Mines in (“ONHYM”) a six month extension for the first phase of exploration on its Loukos, Casablanca and Safi licences, offshore Morocco, which will be valid until 11 January, 2014. The award of this extension re
Kosmos Hires Atwood Achiever Drillship for Drilling in Morocco
Kosmos Energy Ltd. announced today that it has signed a long-term rig agreement with a subsidiary of Atwood Oceanics, Inc. for the new build drillship Atwood Achiever. Currently under construction in South Korea, the rig is scheduled for completion in June of 2014 and expected to commence drilling o
ONGC, Oil India Buy Videocon’s Acreage Off Mozambique
ONGC Videsh Limited (OVL) and Oil India Limited (OIL) have signed a definitive agreement with Videocon Mauritius Energy Limited to acquire 100% of shares in Videocon Mozambique Rovuma 1 Limited for US$ 2475 million. The company holding a 10% participating interest in the Rovuma Area 1 Offshore Block
DCN Divers Rescue Survivor from Jascon 4 (Nigeria)
On Sunday 26 May, the tugboat Jascon 4 ran into difficulties whilst engaged in static towing operations, capsized and sank with a crew of 12 on board. At the time, the tug was approx. 30 km off the coast of Escravos in Nigeria, offering assistance to a tanker being loaded at a Single Mooring System