Africa
ENH follows Eni in approving Coral FLNG investment plan
Mozambique’s Empresa Nacional de Hidrocarbonetos has approved the investment plan for its stake in the Coral South FLNG project.
ExxonMobil spuds first Liberia well
Oil giant ExxonMobil started drilling operations on the Mesurado-1 exploration well offshore Liberia on Tuesday, November 22, 2016. According to Canadian Overseas Petroleum Limited (COPL), an international oil and gas exploration and development company and a partner in the project, Exxon is utilizi
Portugal’s Sines LNG terminal awaiting Nigerian cargo
Portugal is scheduled to receive a cargo of liquefied natural gas shipped from Nigeria at REN’s Sines LNG terminal.
African Petroleum to focus on ‘more exciting assets’ after leaving Liberia
African Petroleum, an independent oil and gas exploration company, has informed that the production sharing contracts for blocks LB-08 and LB-09 off Liberia have expired and will not be extended. The oil company reported on Wednesday that the PSCs formally expired in June 2016 and since this time Af
Lekoil gets consent for license farm-in off Nigeria
Nigeria’s Ministry of Petroleum Resources has given its consent to a wholly owned subsidiary of Lekoil Nigeria, Mayfair Assets and Trust Limited, for the 17.14% economic interest in OPL 310 off Nigeria which contains the Ogo discovery. Lekoil Limited holds 90% of the economic interests in its subsid
APM Terminals Chooses Builder of New Terminal in Morocco
The Netherlands-based terminal operator APM Terminals has awarded the construction of a new container terminal at Tangier Med 2 port complex, situated in Morocco, to a conglomeration of four companies of Belgium’s Willemen Groep. The companies in question are Aswebo, Aannemingen Van Wellen, Franki C
Willemen Wins Tangier MedPort Construction Contract
The Dutch company APM Terminals has awarded the construction of a new container terminal for APM Terminals Tangier MedPort to a conglomeration of four companies of the Willemen Groep. The companies involved are Aswebo, Aannemingen Van Wellen, Franki Construct and Cosimco. The terminal will be built
Vallourec Pipes for Egina FPSO
Vallourec said it is supplying Samsung Heavy Industries (SHI) with tubes for the construction of the Egina oil field FPSO offshore Nigeria. Egina is an ultra deep offshore project, 130 km off the coast of Nigeria, at a depth of 1750 m. The field infrastructure consists of a subsea production system
Eni CEO visits Mozambique to discuss Coral FLNG progress
Following last week’s approval of the financing of the Coral FLNG development by Eni’s board of directors, the company’s CEO paid a visit to Mozambique. According to Eni, CEO Claudio Descalzi met the president of Mozambique Filipe Jacinto Nyusi in Maputo. During the meeting, Descalzi outlined the pr
MSI: Major Gains in Crude Tanker Market to Be Limited
The crude tanker market is forecast to experience a limited winter upturn, as only the Very Large Crude Carrier (VLCC) sector showed any sizable movement in October, with spot earnings on TD3 increasing sharply to around USD 40,000/day, according to Maritime Strategies International (MSI). Spot acti
Gulf Marine Services nets new MENA deal
Gulf Marine Services (GMS), a provider of self-propelled, self-elevating support vessels serving the offshore oil, gas and renewable energy sectors, has won a new contract award for one of its mid-size class vessels. GMS informed on Tuesday that the contract, scheduled to start in the first quarter
Eni’s CEO Descalzi talks Area 4 progress with Mozambique’s president Nyusi
Claudio Descalzi, CEO of the Italian oil and gas company Eni, on Monday held talks with the president of Mozambique, Filipe Jacinto Nyusi.