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SPDC completes sale of oil mining lease 29 and Nembe Creek Trunk Line in Nigeria
The Shell Petroleum Development Company of Nigeria Limited (SPDC), a subsidiary of Royal Dutch Shell plc (Shell), has completed the assignment of its interest in oil mining lease (OML) 29 and the Nembe Creek Trunk Line (OML29 and NCTL) and related facilities in the Eastern Niger Delta. Its interests in OML29 and the Nembe Creek Trunk Line were assigned to Aiteo Eastern E&P Company Limited. Total cash proceeds for Shell amount to some $1.7 billion.
This divestment is part of the strategic review of SPDC’s onshore portfolio and is in line with the Federal Government of Nigeria’s aim of developing Nigerian companies in the country’s upstream oil and gas business.

date.png30 Mar 2015 11:12 | comments.png 0 Comments | tags.png africa nigeria shell upstream [ More ]

Oceaneering Announces Contract for Offshore Cape Three Points Development
Oceaneering International, Inc. (NYSE:OII) announced that, as part of a consortium with GE Oil & Gas, it has secured a contract with ENI Ghana Exploration and Production, Ltd. and its partners, Vitol and GNPC, to supply equipment for the Offshore Cape Three Points (OCTP) Block Project development located off the coast of West Africa.

date.png30 Mar 2015 11:03 | comments.png 0 Comments | tags.png africa eni ghana oceaneering [ More ]

Eni: new successes in the exploration activities in Indonesia and Libya
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. Eni is the operator of the East Sepinggan Block with an 85% interest.

date.png23 Mar 2015 07:27 | comments.png 0 Comments | tags.png africa asia eni indonesia libya upstream [ More ]

Eni signs a framework agreement for the development of Egypt's oil and gas resources
The Egyptian Minister of Petroleum and Mineral Resources, Sherif Ismail, signed today with Eni’s CEO, Claudio Descalzi, a Head of Agreement aimed at the development of the oil and gas resources of the Country while preserving the return of Eni’s investments.

date.png16 Mar 2015 09:44 | comments.png 0 Comments | tags.png africa egypt eni upstream [ More ]

Alfa Laval wins SEK 260 million offshore pumping systems order
Alfa Laval – a world leader in heat transfer, centrifugal separation and fluid handling – has won an order to supply Framo pumping systems for FPSO projects in Angola. The order, booked in the Marine & Offshore Pumping Systems segment, has a value of approximately SEK 260 million and delivery is scheduled for 2015 and 2016.

date.png16 Mar 2015 09:43 | comments.png 0 Comments | tags.png africa alfa-laval angola engineering fpso [ More ]

Rostec won the tender for construction of the first Uganda refinery
RT Global Resources, a Rostec subsidiary, won the tender for construction a refinery in Uganda. The Rostec win in this tender was the first achievement of this kind for a Russian company in Africa in new history of Russia. Total investments amount to above 3 billion dollars. Implementation of this project will generate additional demand for high-tech Russian equipment (either «within the scope of this project we will see the transfer of Russian technologies).

date.png18 Feb 2015 11:58 | comments.png 0 Comments | tags.png africa refinery rostec tatneft uganda [ More ]

EPC contract for the FPSO Yinson Production
KANFA AS is pleased to announce that it has been awarded a LOA for the Engineering, Procurement and Construction (“EPC”) contract for four process modules for the FPSO Yinson Production. The contract is expected to have a duration of 15 months with a contract value of approximately USD 50 million.

date.png17 Feb 2015 07:44 | comments.png 0 Comments | tags.png africa engineering eni ghana kanfa vitol [ More ]

Dyna-Mac Secures S$60 Million Topside Module Fabrication Works From Armada Cabaca Ltd
Dyna-Mac has secured a Letter of Award (LoA) with the preliminary sum of approximately S$60 million for the construction of 6 units of FPSO topsides modules from Armada Cabaca Ltd, an affiliate of Bumi Armada Berhad (Bumi Armada), a leading Malaysia-based international oilfield services provider to the oil and gas industry.

date.png12 Feb 2015 10:25 | comments.png 0 Comments | tags.png africa angola dyna-mac engineering eni [ More ]

Yinson: Signing Of Contracts For Chartering Operation And Maintenance Of A Floating Production Storage And Offloading Vessel (“F
Yinson Holdings Berhad (“Yinson” or the “Company”) is pleased to announce that the consortium of Yinson Production (West Africa) Pte Ltd (“YPWA”) and Yinson Production West Africa Limited (“YPWAL”) (collectively “the Contractor”) have been awarded a contract for the chartering, operation and maintenance of a FPSO facility (“the Contract”) by eni Ghana exploration & production ltd. (“eni Ghana”) at the Offshore Cape Three Points Block (“OCTP”), located in the Tano Basin approximately 60 km off the coast of Ghana.

date.png05 Feb 2015 09:58 | comments.png 0 Comments | tags.png africa eni ghana services yinson [ More ]

Chevron Acquires Exploration Interests in Mauritania
Chevron Corporation (NYSE:CVX) today announced that its wholly-owned subsidiary Chevron Mauritania Exploration Limited has reached an agreement to acquire a 30 percent non-operated working interest in Blocks C8, C12 and C13 offshore Mauritania from Kosmos Energy. The transaction is subject to the approval of Mauritania’s government.

date.png05 Feb 2015 07:34 | comments.png 0 Comments | tags.png africa chevron kosmos mauritania top upstream [ More ]
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