Africa
Visiongain: FLNG Market in 2013 to Reach Value of $9.5 Bln
Visiongain’s analysis indicates that the FLNG market will reach a value of $9.5bn in 2013, as confidence and investment continues in the regasification side of the market (FSRU) and final investment decisions are made on floating LNG production vessels (LNG FPSO). One core factor underpinning this i
VIDEO: SkySails Brings Wind Power to Vessels
This video presents a wind propulsion system by SkySails GmbH with a towing kite measuring up to 320 metres, that provides additional thrust for the ship at sea, a sustainable solution for reducing fuel consumption, costs and emissions. Depending on wind conditions, fuel costs can be lowered between
Nigeria LNG Appoints BNP Paribas, GT Bank to Raise USD 1.6 Billion
Nigeria Liquefied Natural Gas Company (NLNG) has appointed BNP Paribas and GT Bank as financial advisers to raise around $1.6 billion to buy six LNG tankers, Reuters reported citing a banking source. The source said the loan was being structured as a medium to long term financing and that final teno
Nigeria Aims to Solve Water Woes
In spite of the “water no get enemy” mantra that is plastered across the blue and white pipelines of Lagos, Nigeria is in danger of falling short of targets it set more than a decade ago to provide clean water and sanitation to the majority of citizens. However, increased government funding for wate
GDF Suez Confirms Employee and Family Kidnapped in Northern Cameroon
LNG player GDF Suez of France said that one of its employees and his family living in Yaounde have been taken hostages in Northern Cameroon during a leisure trip. “GDF Suez is working closely with the Ministry of Foreign Affairs,” the company said in a statement. The company is developing a natural
Technip to Provide Engineering and Modification Services for BP Angola
Technip was awarded by BP Angola an important five-year contract for engineering and modification services for the existing Greater Plutonio and Plutao, Saturno, Venus and Marte (PSVM) floating production storage and offloading (FPSO) units, located in Blocks 18 and 31 offshore Angola. This contract
African Petroleum Makes Oil Discovery Offshore Liberia
African Petroleum Corporation Limited announces a discovery at the Bee Eater-1 well, offshore Liberia. The well was designed to test the Turonian fan by way of a large step out of 9-5 km west of the original Narina-1 oil discovery and has encountered 48 metres of Narina equivalent oil bearing Turoni
Technip Secures Engineering and Modification Services Contract from BP Angola
Technip was awarded by BP Angola an important five-year contract* for engineering and modification services for the existing Greater Plutonio and Plutao, Saturno, Venus and Marte (PSVM) floating production storage and offloading (FPSO) units, located in Blocks 18 and 31 offshore Angola. This contrac
Technip Bags 5-Year PSVM FPSO Job in Angola
Technip has been awarded by BP Angola a five-year contract for engineering and modification services for the existing Greater Plutonio and Plutao, Saturno, Venus and Marte (PSVM) floating production storage and offloading (FPSO) units, located in Blocks 18 and 31 offshore Angola. Technip described t
UK: Ophir Makes Board Changes
Ophir Energy announced two changes to its Board effective immediately. Bill Schrader has been appointed as Non-Executive Director to the Board. Mr Schrader has over 25 years’ experience at BP, including as country head of Indonesia and Angola. Mr Schrader was also President of BP’s joint venture in
Nigeria: Sand Dredger Killed in Lagos Explosion
An explosion under the Festac Link Bridge yesterday killed one person and left another seriously injured. The impact of the blast left the body parts of Pius Oladele, head of the sand dredgers association in the area, flying in different directions. Emergency rescue officials, who arrived minutes af
Chariot Oil & Gas Announces Operational Update
Chariot Oil & Gas Limited, the Africa focused oil and gas exploration company, provides an operational update across its portfolio and a revised forward-looking work programme. Over the last year the Company has drilled two exploration wells and acquired 3,500km2 of 3D seismic data in Namibia; acqui