Africa
Visiongain: MODU Market Spending to Reach USD 48.1bn in 2012
Oil and gas production from offshore resources is of considerable importance for energy companies as existing base resources are being depleted at a rapid rate. New oil discoveries of significance are becoming less common, with the majority of major finds being offshore.
African Petroleum Acquires Exploration Permit Over Offshore Block CI‐509 in Ivory Coast
African Petroleum Corporation Limited, a West African focused oil and gas exploration company, announces that its wholly owned subsidiary, African Petroleum Côte d’Ivoire Limited, has entered into an agreement with the Société Nationale d’Opérations Pétrolières de la Côte d’Ivoire and the Republic o
African Petroleum Acquires Exploration Permit Offshore Ivory Coast
African Petroleum Corporation Limited, a West African focused oil and gas exploration company on Wednesday signed an agreement with the Société Nationale d’Opérations Pétrolières de la Côte d’Ivoire (“PETROCI”) and the Republic of Côte d’Ivoire to acquire one offshore exploration permit covering blo
EU Confirmes Intention to Extend Counter-Piracy Mission Off Somali Coast
On Friday 23 March 2012 the Council of the European Union confirmed its intention to extend the EU Naval Force (EU NAVFOR) counter-piracy mission, Operation ATALANTA off the Somali coast until December 2014. At the same time the Council also extended the area of operations to include Somali coastal
Nigeria: Representatives Accuse NPA of Undermining Investment
The Nation reports that members of the House of Representatives and concessionaires have accused the Nigeria Ports Authority (NPA) of undermining investments at various ports across the country. Members of the House of Representatives and concessionaires also flayed the NPA for its failure to commen
Expresso Reveals Plans for New Submarine Cable in Ghana
Expresso Ghana has recently revealed its plans to set up a new ACE submarine fiber optic cable in Ghana. Following MTN and Glo Mobile, Expresso would be the third individual operator in Ghana to have landed a submarine fiber optic cable. The 14,000km ACE cable originates from France and ends in Sout
Nigeria: Bonny Ships LNG Cargo
Nigeria’s Bonny LNG terminal shipped a cargo of liquefied natural gas onboard the 122,000 cbm LNG Lagos on March 20, according to shipping data. The destination of the cargo is unknown at this moment. Bonny terminal has an overall capacity of some 22 million tonnes a year of LNG and it accounts for
Ocean Rig Signs Contract for Its Drilling Rig Eirik Raude Offshore West Africa
Ocean Rig UDW Inc., a global provider of offshore deepwater drilling services, today announced that it has signed a new drilling contract for its semisubmersible drilling rig “Eirik Raude” with an independent operator, for work offshore West Africa. The expected total backlog to complete the 2 well
Eirik Raude to Drill Offshore West Africa
Ocean Rig UDW Inc., a global provider of offshore deepwater drilling services, today announced that it has sealed a new drilling contract for its semi- submersible drilling rig “Eirik Raude” with an independent operator, for work offshore West Africa. The expected total backlog to complete the 2 wel
Brenham Nabs Stake in 4 Blocks Offshore E. Guinea
Brenham Oil & Gas Corp., , a subsidiary of American International Industries, Inc., announced that it received and accepted a letter of award from the Government of Equatorial Guinea in West Africa for a 15% participating interest in four offshore exploration blocks. This area of Equatorial Guinea’s
South Africa: President Launches Port of Ngqura
The Port of Ngqura in the Eastern Cape, is set to become Africa’s premier trans-shipment hub, linking the world’s east and west trade routes, said President Jacob Zuma. “The development of this port is not a once-off local event, it reflects the long-term vision and economic plan of the government o
South Sudan: Greater Bahr-el Gazal Dredging Project Kicks Off
According to Sudan Tribune, the dredging work began last week on a $26.6 million five year project to clear the rivers of Greater Bahr-el Gazal and Unity State to allow them to be navigable by boat. South Sudan’s Ministry of Water and Irrigation has inked memorandums of understanding (MoU) with the