Market News
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World s first subsea wet gas compressor station set for installation in 2015
Posted on :Friday , 31st October 2014
The world’s first subsea wet gas compressor station is now ready for the final testing at Horsøy before being prepared for installation and hook-up to Gullfaks C, an oil and gas field in the Norwegian sector of the North Sea, in 2015 Statoil has announced.
The compressor is expected to help extend the field’s productive life by 22 million ex. . .Kenya could beat Mozambique, Tanzania for Upstream Investment in East Africa – GlobalData Analyst
Posted on :Friday , 31st October 2014
Kenya will need to focus on providing a competitive and stable fiscal environment if it is to fully exploit its offshore gas industry and attract investors ahead of Mozambique and Tanzania, says an analyst with research and consulting firm GlobalData.Reece Straker, GlobalData’s Upstream Oil & Gas Analyst, states that while Kenya is currently behind Tanzania and Mozambiq. . ..jpg)
Tembo 1 well drilling to continue through November
Posted on :Friday , 31st October 2014
Africa-focused oil & gas company Wentworth with exploration and drilling operations in the Rovuma Onshore Concession in northern Mozambique has announced that the Tembo-1 exploration well has reached a depth of approximately 2,965 meters in Cretaceous age rocks.
This is short of the programmed drilling to the Jurassic at a total depth of 4,397 meters or 4,. . .Algeria: Sonatrach to Carry Out First Offshore Drilling End 2015
Posted on :Friday , 31st October 2014
Algiers — The national hydrocarbon group SONATRACH will carry out first offshore drilling by the end of 2015, announced Wednesday its interim CEO, Said Sahnoun, at the signing ceremony of contracts of the 4th invitations to tender for hydrocarbon explorations.SONATRACH, which stepped up its exploration . . .IFC pledges US$600m for a East Africa regional oil pipeline
Posted on :Friday , 31st October 2014
The International Finance Corporation (IFC), a lending arm of the World Bank, has pledged US$ 600m to fund an oil pipeline in East Africa. The funding is part of a US$1.8bn loan for projects in the Horn of Africa.The oil pipeline is expected to link up upstream operations in Kenya, Uganda and South Sudan. A s. . .Please Select an Option
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