Market News

  • BG Explores Options for Idku Feedstock

    Posted on :Monday , 27th October 2014

     BG and BP are in talks that could lead to the kick-start of production at the feedstock starved Idku LNG plant operated by BG. The talks between the two British firms revolve around linking their respective gas developments offshore Egypt’s Mediterranean coast. Egypt’s state-run firm in charge of natural gas is also reportedly involved in the talks with BG and BP.

    BG. . .

  • New Blocks for Mozambique Hopefuls

    Posted on :Monday , 27th October 2014

     

     
    Mozambique will be offering up 15 new offshore and onshore areas for oil exploration within the next week or so. The blocks are located in the north, south, and central parts of the East African country and include new areas of the northern Rovuma Basin.
    Other areas on offer in this licensing round, which is the country’s fifth, are six offs. . .

  • Tanzania: Seminar for Regional Utilisation of Respective Gas Advantages

    Posted on :Monday , 27th October 2014

     ALL regions across the country have been challenged to find out and concentrate on their respective competitive advantages in serving the potential gas industry.

     
    Participants to a seminar on Tanzania as a future strong extractives state in Dar es Salaam, over the weekend, said that such a practice would help both individuals and institutions in private sectors. . .

  • Nigeria s new gas power plant in Ajaokuta is underway

    Posted on :Monday , 27th October 2014

    Federal government has reached a memorandum of understanding with 3D Hitech System Ltd for construction of a gas power plant in Ajaokuta. It has also reached an MOU with T SEPCOIII Electric Power Construction Corporation and the CGC Nigeria Ltd for additional investment in power distribution and transmission in the country.
    3D Hitech has already carried test running of the 110MW o. . .

  • Baker Hughes provides September 2014 global rig count

    Posted on :Saturday , 25th October 2014

     

     
    Baker Hughes Incorporated has announced that the international rig count for September 2014 was 1,323, down 16 from the 1,339 counted in August 2014, and up 39 from the 1,284 counted in September 2013. The international offshore rig count for September 2014 was 333, up 18 from the 315 counted in August 2014, and up 20 from the 313 counted in September 2013.

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