Africa
DCD Marine Cape Town working on SPS and upgrade of ultra-deepwater rig
DCD Marine Cape Town was awarded the contract by a leading global driller to carry out the SPS (special periodic survey) and upgrade on its ultra-deepwater rig. “It is gratifying to have gained recognition for the quality turnkey service we provide, and once again our experienced project management
EU Fishermen Back in Moroccan Waters
Morocco’s has ratified a Fisheries Protocol which is set to open the door for European vessels to go back fishing in Moroccan waters after a pause of more than two years. The European Union and Morocco had concluded the 4-year fisheries deal in December 2013, however its entry into force was pendi
Saipem Nets $600 Mln FPSO Contracts in Brazil and Angola
Saipem has been awarded contracts for the extension of leasing and upgrading works of the Cidade de Vitoria FPSO (Floating Production Storage and Offloading vessel) in Brazil. The company has also been awarded a lease extension and operation contract for the Gimboa FPSO in Angola. These contracts ar
Saipem bags two FPSO contracts in Brazil and Angola
Saipem has been awarded contracts for the extension of leasing and upgrading works of the Cidade de Vitoria FPSO (Floating Production Storage and Offloading vessel) in Brazil. The company has also been awarded a lease extension and operation contract for the Gimboa FPSO in Angola. These contracts ar
Bowleven terminates alliance agreement with Petrofac
Bowleven, the Africa focused oil and gas exploration group traded on AIM, has announced that it has reached a mutually acceptable agreement with Petrofac to terminate the Strategic Alliance Agreement. This satisfies one of the conditions of the LUKOIL and NewAge farm-out transaction announced on 24
Otto Marine Cashes In $404 Mln in Charter Contracts
Otto Marine Limited, an offshore marine company which owns and operates a large fleet of offshore support vessels, has secured charter contracts worth approximately US$404 million in the first half of 2014 (1H2014). Otto Marine enjoys a healthy order book that stood at approximately US$450 million
New EC250E and EC300E Excavators from Volvo
The new Tier 4 Final/Stage IV-compliant EC250E and EC300E crawler excavators from Volvo Construction Equipment are powerful and efficient machines, designed to reduce fuel consumption and increase productivity. New Volvo EC250E and EC300E crawler excavators deliver a 5 percent improvement in fuel ef
Loan Secured for Abidjan Port Expansion
The African Export-Import Bank (Afreximbank) has arranged a EUR 200 million syndicated bridge financing facility for Cote d’Ivoire’s state-owned Port Autonome d’Abidjan (PAA) to enable the company expand facilities at the Abidjan Port. According to the agreement signed by PAA and the participating b
African Petroleum Farms-Out 10 Pct Interest in Block CI-509 (Ivory Coast)
African Petroleum Corporation Limited announces that it has entered into an agreement with Buried Hill Africa Limited (“Buried Hill”) to farm-out a 10% interest in Block CI-509 offshore Côte d’Ivoire in return for Buried Hill funding 21.1% of the cost of the next exploration well to be drilled on Bl
Tangiers: TAO-1 drilling going as planned
Tangiers Petroleum Limited has provided an update on the drilling of the TAO-1 exploration well,located offshore Morocco. No major operational issues have occurred to date and the well is expected to intersect the Assaka and Trident objectives within 60 days from spud, as previously announced. As th
Tangiers Provides TAO-1 Well Update, Morocco
Tangiers Petroleum Limited provides an update on the drilling of the TAO-1 exploration well, located offshore Morocco. No major operational issues have occurred to date and the well is expected to intersect the Assaka and Trident objectives within 60 days from spud, as previously announced. As the w
Woodside secures Tanzania acreage
LNG player Woodside has finalised an agreement to farm-in to the prospective basin of Lake Tanganyika in western Tanzania. Beach Energy has accepted Woodside’s offer to acquire a 70% participating interest in the Lake Tanganyika South Block and the production sharing agreement. Woodside CEO Peter Co