Africa
Nigeria: Lekoil gains consent to transfer offshore license stake
The Minister of Petroleum Resources of Nigeria has granted Lekoil consent to complete the transfer of the original 17.14 percent participating interest in OPL 310, to its subsidiary Mayfair Assets and Trust Limited. To remind, Mayfair farmed into Afren Oil & Gas’ interest in OPL 310, which contains
Hyperdynamics shuffles senior management ahead of Fatala spud
Oil company Hyperdynamics Corporation has made changes to its senior management. Hyperdynamics on Thursday said that its chief financial officer Sergey Alekseev would transition to the position of president of the company’s subsidiary, SCS Corporation Ltd. Also, Jason Davis will rejoin the company a
IEA: Current energy policies insufficient to reach climate goals
Renewable energy technologies must be considerably ramped up in order to meet long-term climate change targets and governments need to support large-scale deployments with the necessary policies, the International Energy Agency (IES) said in its latest report.
Oversupply of Ships: Industry Should Sort Out Itself
The oversupply of tonnage in the shipping industry should be left to sort out itself, it was concluded at a panel debate on Ship Oversupply and Accelerating Sustainable Recycling, held on June 6 in London, UK. Over the past eight years, the world fleet has grown by 50 percent in tonnage terms, which
Saipem Hires UTEC AUV Services for Its Zohr Project
UTEC has been awarded a contract with Saipem to support its operations as part of the Zohr field development project. The survey company in subsea services group Acteon will bring its experience in autonomous underwater vehicles (AUVs) to the project, which is expected to be one of the biggest gas f
Seabird to Shoot Seismic for Global in Namibia
Global Petroleum has entered into a contract with Seabird Exploration of Norway to acquire 834 km of 2D seismic data covering Global’s operated block, PEL 0029, in Namibia. The survey has been designed as an infill programme with the aim of providing better delineation of a large, multi-level, dip c
Woodside accuses FAR of putting SNE development at risk
The first oil from the giant SNE oil field offshore Senegal might be delayed due to an ongoing dispute between the license partners. Partners in the three exploration blocks containing the SNE discovery are Cairn Energy, as the operator with 40% interest, Petrosen, the Senegalese National Oil Compan
UTEC to support Saipem in Zohr field development
UTEC, a global survey company in subsea services group Acteon, has been awarded a contract with the construction company Saipem to support its operations as part of the Zohr field development project off Egypt. To remind, Eni, the operator of the giant Zohr gas discovery in the Mediterranean Sea, in
Global Petroleum hires Seabird for Namibian seismic shoot
Global Petroleum has contracted Seabird Exploration of Norway for the acquisitions of 834 km of full fold 2D seismic data over its offshore block in Namibia. The survey has been designed as an infill programme with the aim of providing better delineation of an extremely large, multi-level, dip close
UN Asks Countries to Apply Tighter Marine Pollution Controls
The UN has urged governments to implement tighter marine pollution controls or risk further degradation of the oceans, fish stocks and ecosystems. Countries are being asked to support a ‘zero draft’ Call To Action at the 2017 UN Ocean Conference in New York that calls for an acceleration of “actions
IRENA rolls out upgraded Global Atlas for Renewable Energy
International Renewable Energy Agency (IRENA) has released a new version of its online renewable energy mapping platform called Global Atlas for Renewable Energy.
Hyperdynamics raises over $6M from investors for Fatala well costs
Through common stock and warrants offering, Houston-based Hyperdynamics has raised over $6 million, which the independent will use to pay for an exploration well on its acreage offshore West Africa. The company announced on Wednesday that the closing of a private placement offering of units of the c