Africa
Shell Abandons Offer for Cove (UK)
LNG giant Shell said that it has decided not to revise its takover offer for Cove Energy which owns an 8.5 percent stake in the Rovuma licence off the coast of Mozambique containing gas discoveries that could be a major provider of LNG to Asia in future. “Shell Bidco has decided not to revise its [&
Ivory Coast: Rialto Completes Drill Stem Testing of Gazelle-P3 ST2 Well
Rialto announces the completion of drill stem testing (“DST”) of the Gazelle-P3 ST2 well (“ST2 well”), achieving maximum flow rates of 19.5mmscfd gas and an unstabilised rate of 760 bopd from separate sands within the Upper Cenomanian (UC-1) reservoir. The maximum gas flow rate was constrained due t
Anadarko Announces Discovery Offshore Ghana
Anadarko Petroleum Corporation announced the Wawa-1 exploration well, located in the Deepwater Tano Block offshore the Republic of Ghana, discovered approximately 43 net feet (13 meters) of oil pay and 65 net feet (20 meters) of gas-condensate pay in Turonian-aged reservoirs. Samples from the well s
IMB Report: Six Month Drop in World Piracy
The number of pirate attacks have fallen sharply in the first half of 2012, led by a drop in Somali piracy, the International Chamber of Commerce (ICC) International Maritime Bureau’s (IMB) global piracy report revealed yesterday, but warned that these numbers were offset by a worrying increase of a
Nigeria Needs More Dredging, Organisation Says
United States-based organisation, Nzuko Igbo, USA (NI-USA) has called on the Federal Government to make more the seaports in Nigeria viable for business rather than focus all attention on Lagos seaports alone, reports thisdaylive.com. The organisation hopes that inland water-way dredging of Rivers N
Nigerian LNG Heads for Portugal
Port of Sines in Portugal is scheduled to receive a shipment of LNG from Nigeria on July 25, according to the Port of Sines website. The LNG Rivers tanker, with a capacity of 135,000 cubic metres, is sailing from Nigerian Bonny terminal. The terminal is held by REN Atlântico and has a nominal send [
Five Star Equities: Shipping Industry to Face Falling Panamax Shipping Rates
After showing some strong gains in the first quarter the shipping industry has fallen sharply since then. The Guggenheim Shipping ETF (SEA) has fallen over 14 percent over the last three months, FiveStarEquities reports. The recent rally in Panamax shipping rates could be coming to an end as China b
Lagos Deploys Watermaster to Combat Flooding
AS flooding continues to pose environmental challenge in Lagos, the state authorities have risen to the occasion through the procurement of multi-capacity equipment, which will be used for free flow of water channels. Recently torrential rains, has led to overflowing rivers, canals and floods, which
Tanzania: Wentworth Gets Approval for Mnazi Bay Acquisition
Further to Wentworth’s announcements regarding the proposed acquisition of Cove Energy plc’s 16.38% participation interest in the production operations in the Mnazi Bay Concession and Maurel et Prom’s pre-emption rights, Wentworth announced that all of the necessary Government approvals have now bee
Pancontinental Completes Kifaru 3D Seismic Survey Offshore Kenya
Pancontinental Oil & Gas NL announced the completion of the Kifaru 3D seismic survey data acquisition in its L6 exploration licence area offshore Kenya. The final data acquisition covered 778 sq km over several prospects, including the primary Kifaru Prospect, in the southern portion of the L6 licen
Pancontinental Completes Kifaru 3D Seismic Survey Offshore Kenya
Pancontinental Oil & Gas NL (“Pancontinental”) announces the completion of the Kifaru 3D seismic survey data acquisition in its L6 exploration licence area offshore Kenya. The final data acquisition covered 778 sq km over several prospects, including the primary Kifaru Prospect, in the southern port
Konecranes Supplies Twelve RTGs to Togo
In June 2012, Konecranes received an order for twelve Rubber Tired Gantry (RTG) cranes from Lomé Container Terminal (LCT) in Lomé, Togo. The parties have agreed not to disclose the value of the order. In 2008, Lomé Container Terminal, one of investment company Terminal Investment Limited container t