Africa
Mubadala to evaluate Morocco’s hydrocarbon potential
Mubadala Petroleum has signed an agreement with Morocco’s Office National des Hydrocarbures et des Mines (ONHYM) to carry out an evaluation of the hydrocarbon potential of a large area offshore Morocco’s Mediterranean coast. In the presence of H.H. General Sheikh Mohammed bin Zayed Al Nahyan, Crown
Sunbird enters into gas sales agreement for Ibhubesi
Sunbird Energy Limited has announced that the Ibhubesi Gas Project (IGP) joint venture has entered a Gas Sales Agreement (GSA) Term Sheet with Eskom Holdings (SOC) Ltd (Eskom) for the supply of gas to the Ankerlig Power Station. IGP joint venture comprises Sunbird (76%) and PetroSA (24%) – South Afr
Egypt finalizes LNG supply deal with Gazprom
Egypt’s Ministry of Petroleum informed that an LNG supply deal with Russia’s Gazprom has been finalized.
Egypt finalizes LNG supply deal with Gazprom
Egypt’s Ministry of Petroleum informed that an LNG supply deal with Russia’s Gazprom has been finalized.
Scotland eyes East Africa O&G opportunities
With some of the largest offshore gas fields in the world, no local supply chain and an immediate and significant demand for skilled workers, East Africa creates significant opportunities for Scotland’s oil and gas sector. Twelve Scottish organisations – from business and academia – with an interest
Suez Canal Authority to Borrow $450 Million
The Suez Canal Authority is currently in negotiations with local banks for a bridge loan of $450 million, Egyptian financial daily Al-Mal reported yesterday. The head of Suez Canal Authority Muhab Mamish told the newspaper that the funds would be allocated to pay the firms that will dig the new exte
GE Lands $850 Mln Order for OCTP (Ghana)
GE has secured an $850 million deal across its oil & gas business for the supply of equipment to the Offshore Cape Three Points (OCTP) block, Ghana. According to GE, this order incorporates both turbomachinery and subsea elements, with the first shipment planned for Q4 2015. Further shipments are pl
GE Oil & Gas wins $850 M order for OCTP block (Ghana)
GE has announced the booking of an $850 million order across its Oil & Gas business for the supply of equipment to the Offshore Cape Three Points (OCTP) block, Ghana. This order incorporates both turbomachinery and subsea elements, with the first shipment planned for Q4 2015. Further shipments are p
Bowleven completes Etinde farm-out. Gets $165M
Bowleven, the Africa focused oil and gas exploration group, has announced the completion of the farm-out transaction of the Etinde permit, offshore Cameroon. The company has confirmed it has received the initial $165 million cash proceeds (excludes estimated $5 million working capital adjustment). T
Exclusive Update: DEME’s Dredgers at New Suez Canal
DEME, an international group of specialized companies in the field of capital and maintenance dredging, land reclamation, port infrastructure development, etc. has announced that their part of dredging works on the New Suez Canal are on schedule and 50% of the job is completed. The completion of thi
BIMCO: Strong Tanker Demand to Resume
Demand for crude oil and oil product tankers is currently strong and both segments are enjoying an extended winter season with high earnings, according to BIMCO. Spot market earnings in January for VLCC and Suezmax reached USD 70,000 and USD 65,000 per day at the peak respectively. For the product t
Eni strikes gas offshore Libya. Boosts Merakes gas finding
Eni has completed post drilling studies on the Merakes-1 gas finding, located in the Indonesia deep offshore East Sepinggan Block, which indicates significant upside gas potential. Furthermore, the company has made a gas discovery offshore Libya. Eni is the operator of the East Sepinggan Block with