Market News
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Africa: a development hotspot in 2015
Posted on :Tuesday , 13th January 2015
Content analyst at Infield Systems Limited, Catarina Podevyn, says Africa is expected to hold a 15% share of offshore capital expenditure over 2015, up 10%, led by developments offshore Angola. In West Africa, offshore Ghana and Congo will also see increasing expenditure, she adds.
"Total's giant, the Egina development offshore Nigeria, is anticipated to be the single most . . .UK-based firm eyes Kenya oil supply
Posted on :Tuesday , 13th January 2015
Anglo Energy Refining Corporation, a UK-based petroleum firm, has set up base in Kenya with an eye on bulk importation of oil and possibly setting up a refinery.The UK firm’s debut makes Nairobi its African headquarters. The oil company in December received a licence to operate and import oil under the Open Tender System (OTS), the centralised oil distribution system, from the Energ. . .
Egypt signs six new oil and gas exploration deals
Posted on :Monday , 12th January 2015
Egypt has signed six new oil and gas exploration contracts worth hundreds of millions of dollars with foreign and Egyptian companies, the oil ministry said on Friday. The agreements provide for the drilling of some 41 discovery wells in the western desert and Gulf of Suez, the ministry said in a statement via the official news agency. Among the major companies selected are Shell, ENI, BP . . .
Oil and Gas industry showing better appreciation for local content participation – SBC
Posted on :Friday , 9th January 2015
A research by Schlumberger’s strategic management consulting arm Schlumberger Business Consulting (SBC) says there is a better appreciation by the oil and gas industry of the need for local content participation.
This follows the outcome of a local content forum by SBC dubbed “Optimizing Local Benefits from Oil & Gas Projects” that. . .Drilling of Badada-1 well in Kenya’s Block 2B begins
Posted on :Friday , 9th January 2015
Block 2B operator Taipan Resources through its subsidiary Lion Petroleum has announced that the GW-190 rig has spudded Badada-1 well with the well planned to be drilled to a total depth f between 3000 and 4000 meters.
The well which will take 70 days to complete will test tertiary age reservoirs similar to those in Block 10BB, 13T in the Lokichar basin where Tullow . . .Please Select an Option
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