Market News
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Inchcape Shipping Services expands Nairobi office as East Africa production nears
Posted on :Tuesday , 6th January 2015
Global marine, cargo and supply chain solutions provider Inchcape Shipping Services (ISS) has announced another key hire to its African regional management team, as the company gears up for ambitious growth across the region in 2015.
Heading the team and to be based in Nairobi is Riaan Blom who takes up the position of Vice President Sales, Africa having joine. . .2015 continues to look promising for the oil and gas sector in Kenya
Posted on :Monday , 5th January 2015
2015 continues to look promising for the oil and gas sector in Kenya with various planned projects expected to continue while new companies will begin work in the various acreages.In our radar this January is the planned Badada-1 well in Block 9 located in the Anza basin which is expected to spud with the drilling contracts already awarded to Greatwall which wi. . .Uganda begins evaluations of bids for Hoima-Kampala pipeline
Posted on :Friday , 2nd January 2015
The Ugandan government has announced that it has started evaluating bids from a number of international firms for the construction of the export pipeline from Hoima (refinery site) to Kampala (distribution terminal) stretching over 200 kilometers.
The companies will be charged with the responsibility of generating a blueprint for the route to be followed as we. . .Partners Hit Gas Onshore Mozambique
Posted on :Friday , 2nd January 2015
Drilling of the Tembo-1 well on Mozambique’s Onshore Rovuma Concession has resulted in a natural gas discovery for Anadarko Petroleum (operator) and Wentworth Resources. The discovery was made in Cretaceous-aged sands.The Tembo-1 was drilled to a total depth of 4,553 meters and reached TD in Jurassic-aged sediments. Petro. . .Otto Marine announces sale and leaseback of one AHTS at US$100million
Posted on :Friday , 2nd January 2015
Otto Marine Limited a leading offshore chartering group, which owns and operates more than 60 offshore support vessels globally, and also engaged in specialized shipbuilding, repair and conversion of offshore support vessels has announced that its shipyard division has sold an Anchor Handling Tug Supply Vessel to a renowned unrelated third party (the “Buyer”) for US$100 millio. . .
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