Africa
IEA: World Has to Invest USD 48 Trillion to Meet Its Energy Needs
Meeting the world’s growing need for energy will require more than $48 trillion in investment over the period to 2035, according to a special report on investment released today by the International Energy Agency (IEA) as part of the World Energy Outlook series. Today’s annual investment in energy s
TAO-1 Well Spud Date Imminent, Tangiers Reports
Tangiers Petroleum Limited has provided an update related to progress of its Moroccan operations. Fully Funded for Drilling of TAO-1 (dry hole case, trouble free) Tangiers has confirmed that the dry hole cost for the drilling of TAO-1, on a trouble free basis, is $73 m and in line with the previous
Bowleven: Significant milestone reached in Cameroon
Bowleven, the Africa focused oil and gas exploration group traded on AIM, today said that a significant milestone has been achieved in the development of the Etinde Permit, offshore Cameroon. Following a Special Operating Committee Meeting (OCM), held between the Cameroon State and the Contractor
Horizon Oil Granted Stanley Gas Project Development License
Horizon Oil said that the Nixon Duban, PNG’s Minister for Petroleum and Energy, granted the Stanley Gas Project development license (PDL 10) and pipeline license (PL 10) to Horizon Oil (Papua) Limited and its fellow licensees. At the successful conclusion of the Stanley Gas Project Development Forum
Seadrill Lands Massive Deal
Seadrill Limited (Seadrill) has secured a contract with Total Upstream Nigeria Ltd. for employment of the newbuild ultra-deepwater drillship West Jupiter, in support of the EGINA ultra-deep offshore project in Nigeria. The contract is for a firm period of 5 years and has a total revenue potential fo
Seadrill Bags ‘West Jupiter’ Drillship Contract from Total
Seadrill Limited has secured a contract with Total Upstream Nigeria Ltd for employment of the newbuild ultra-deepwater drillship West Jupiter, in support of the EGINA ultra-deep offshore project in Nigeria. The contract is for a firm period of 5 years and has a total revenue potential for the primar
Total hires Seadrill’s ‘West Jupiter’ drillship for Egina field
Seadrill Limited has secured a contract with Total Upstream Nigeria Ltd for employment of the newbuild ultra-deepwater drillship West Jupiter, in support of the EGINA ultra-deep offshore project in Nigeria.
Most popular articles of the week, May 26 – June 1, 2014
Petrobras to exclude SBM Offshore from FPSO bidding World’s largest FPSO supplier could miss out on Libra and Tartaruga Verde bidding in Brazil. Greenpeace vessel blocks Statoil’s rig from reaching drill site The Greenpeace ship Esperanza is blocking the arrival of Statoil’s Transocean Spitsbergen o
Top News – May 26 to June 1, 2014
DEME: Solid Order Book Since the beginning of 2014, DEME managed to maintain its order book at a fairly high level of about 3.0 billion EUR thanks to new orders, well spread worldwide across dredging, energy related and environmental activities. Panama Canal Expansion Update – May 2014 (VIDEO) The
Gasol LNG Import Inks Ghana Supply Deal
Gasol said that its subsidiary, Gasol LNG Import Limited, has signed a conditional long term Gas Supply Agreement (GSA) with the major power generation company in Ghana, the Volta River Authority. The daily contract quantity under the agreement is 100 mmscfd. The GSA with the Volta River Authority f
OMV Invests EUR 500 Mln in Tunisia Gas Project
Nawara project underlines Tunisia’s significant role in OMV’s portfolio. Tunisian Minister of Industry, Energy and Mines, Kamel Ben Naceur, the Chairman of the Tunisian National Oil Company ETAP, Mohamed Akrout, and Jaap Huijskes, OMV Executive Board member, jointly pave the way to implement Tunisia
Douglas-Westwood: $117B to be spent on subsea systems by 2018
Douglas-Westwood (DW) forecasts global subsea hardware Capex will total $117 billion (bn) between 2014 and 2018 in its 4th edition of the World Subsea Hardware Market Forecast. This represents growth of more than 80% compared with the preceding five-year period. In 2013, subsea tree installations we