Africa
Ghana: Jubilee Field Production Delivers Record Cashflows to Tullow
Tullow Oil plc (Tullow) issues the following Interim Management Statement, for the period 1 July to 8 November 2011, in accordance with reporting requirements of the EU Transparency Directive. The Group will announce its full year Trading Statement and Operational Update on 18 January 2012. Tullow h
Egypt’s TA to Reopen Lower Nile
Egypt’s tourism authority has announced that the river Nile will be opened up for the resumption of the “long Nile cruise,” the full 14-day … By Sue Bryant (cruisecritic) [mappress] Source: cruisecritic, November 9, 2011
Hyperdynamics Reports 3Q Net Loss of USD 4.4 Million. Updates on Guinea Operations
Hyperdynamics Corporation announced today that it has filed its quarterly report on Form 10-Q for the three month period ended September 30, 2011 with the SEC. Hyperdynamics reported a net loss of $4.4 million, or $0.03 per share during the quarter, compared to a loss of $2.9 million, or $0.03 per s
Iran’s Destroyer Thwarts Pirate Attack on Oil Tanker
An attempt by pirates to hijack an Iranian oil tanker in the Red Sea was foiled after an Iranian fleet of warships present in the region… (farsnews) [mappress] Source: farsnews, November 08, 2011;
Tullow Makes Oil Discovery Offshore Liberia
Tullow Oil plc (Tullow) announces that the Montserrado-1 exploration well, offshore Liberia, has made a non-commercial oil discovery in Late Cretaceous reservoir sands. This result is an important exploration breakthrough, establishing a working hydrocarbon system in the Liberian basin. The well was
Sierra Leone: SGC Announces Pampana River Licensing
Sierra Gold Corporation has announced it has returned to the Pampana River and has licensed 4 concessions mentioned in its last Field Report that had surface rents previously paid. With the licensing completed, the company is moving dredging equipment into position to commence operations as soon as
Angola: Govt. Official Announces Successful Testing of Submarine Cable
The submarine cable for telecommunications, which will connect the country with South Africa, England and other regions of the world, provid… (tmcnet) [mappress] Source: tmcnet ,November 08 , 2011
U.S. Based Camac Energy to Buy Avana Petroleum
CAMAC Energy Inc. , a U.S.-based energy company engaged in the exploration, development and production of oil and gas in West Africa and China, announced that it has signed a heads of agreement (“HOA”) to acquire one hundred percent of the issued share capital of Avana Petroleum Limited, a private I
Mozambican Government to Analyse Rio Tinto’s Environmental Study
The Mozambican government will analyse the environmental impact of using the Zambezi River to transport coal mined in Tete province, as sugg… (macauhub) [mappress] Source: macauhub, November 8, 2011
Drewry: October Spot LNG Rates Jump
The cost of shipping supplies of liquefied natural gas under short-term, or spot, contracts almost tripled in October compared with a year e… (bloomberg) [mappress] Source: bloomberg, November 8, 2011
Nigeria: Lagos State Task Force Arrests 11 Illegal Sand Dredgers
The Lagos State Government has called on illegal sand dredgers to desist from the act or be ready to face the law… (naijapals) [mappress] Source: naijapals, November 8, 2011
Total Makes 2nd Oil Discovery in OML 102, Offshore Nigeria
Total today announced that its subsidiary Total E&P Nigeria Ltd. (TEPNG) has made a new oil discovery in the southeastern corner of Oil Mining Lease (OML) 102 in Nigeria. The discovery is located 65 kilometers off the southeastern coast of the country, about 15 kilometers southeast of the Ofon field