Africa
Pioneer Divests Its Assets in South Africa
Pioneer Natural Resources Company (NYSE:PXD) (“Pioneer” or “the Company”) today announced that the Company closed its previously announced sale of its South Africa business to The Petroleum Oil and Gas Corporation of South Africa (SOC) Ltd. (PetroSA) for net consideration of $52 million. The transac
INPEX Acquires Stake in Block 14 Offshore Angola
INPEX has agreed with TOTAL S.A. that it will, through its affiliate, INPEX Angola Block 14 Ltd., acquire a 9.99% indirect interest in Block 14 offshore Republic of Angola. The transaction remains subject to certain conditions including the approval of Angolan authorities. Block 14 is located approx
Equatorial Guinea: Ophir Finds Gas in Fortuna Complex
Ophir Energy announced that the Fortuna East-1 (R5) step out exploration well in Block R, Equatorial Guinea, has encountered gas in the eastern lobe of the Fortuna Complex. In addition, the well discovered gas in the deeper Viscata exploration target. Highlights: Fortuna East -1 (R5) is the fourth g
Ophir Encounters Gas Column Offshore E. Guinea
Ophir Energy plc announces that the Fortuna East-1 (R5) step out exploration well in Block R, Equatorial Guinea, has successfully encountered gas in the eastern lobe of the Fortuna Complex. In addition, the well discovered gas in the deeper Viscata exploration target. The Fortuna East-1 (R5) well is
FAR Ltd. Names New CFO (Australia)
FAR Ltd, an oil and gas exploration company focused on East and West Africa, has named Peter Thiessen as Chief Financial Officer and Company Secretary. Thiessen previously worked as CFO and company secretary of Flow Energy Limited, prior to the merger with FAR Ltd. His appointment coincides with the
South Africa: Port of Cape Town on Right Track
Transnet National Ports Authority (TNPA) has announced the appointment of Sipho Nzuza as Cape Town’s new Port Manager. Making the announcement at a briefing to stakeholders, TNPA Chief Executive Tau Morwe said Nzuza’s appointment was in keeping with TNPA’s organisational transformation geared to ali
Thai PTTEP Completes Cove Acquisition
Thailand’s PTT Exploration and Production Public Company Limited or PTTEP has acquired the entire shares capital of Cove Energy Plc. The Offer process is declared wholly completed. On August 15, 2012, PTTEP received written consent to the indirect change of control in Cove from the Republic of Mozam
Commencement Ceremony for Lekki Deepwater Port Project in Nigeria
The commencement ceremony of the early start-up engineering of Lekki Deepwater Port Project in Nigeria was held on the scene of proposed port area of Lagos Free Trade Zone on July 17th, 2012. The value of contract for the port project is around USD 680 million and the construction duration is 42 mon
Nigeria: Officials Hold Commencement Ceremony for Lekki Port Project
The commencement ceremony of the early start-up engineering of Lekki Deepwater Port Project in Nigeria was held on the scene of proposed port area of Lagos Free Trade Zone on July 17th, 2012. The value of contract for the port project is around USD 680 million and the construction duration is 42 mon
Cairn India Farms Into South Africa’s Offshore Block
PetroSA and Cairn India Group today signed a farm-in agreement for exploring for crude oil and natural gas in the offshore Block 1 in the Orange Basin on the west coast of South Africa. The closure of the transaction is subject to South African regulatory approvals. Block 1 covers a large area of 19
Rialto Updates on Gazelle Drilling (Ivory Coast)
Rialto Energy Limited provides a weekly update on drilling operations at the Gazelle-P4 Development Well, offshore Côte D’Ivoire as at 10:00hrs, 15 August 2012 (GMT). Since the last report, the well has been drilled to the 13 3/8″ casing point at 2123m MDRT. Current operations are drilling out cemen
Dutch Operator Hires Seasafe Supporter for Gabon Ops
Otto Marine Limited, a leading offshore marine company which specializes in building complex offshore support vessels, ship chartering and offers specialized offshore services, has secured a time-charter contract for its Maintenance and Construction/Accommodation support vessel, Seasafe Supporter, f