Market News
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Collaboration key to minimising security risks for Africa s oil and gas sector
Posted on :Wednesday , 24th December 2014
Collaboration between the heads of security of oil and gas companies and suppliers to the industry will help minimise security challenges in Africa, according to Doug Byers of shipbuilding and maritime solutions company Nautic AfricaNautic Africa’s business development manager said that the heads of security of companies such as Shell Nigeria, Subsea7, Tidewater, Halliburton and Sta. . .
Swiber enters West Africa market with mystery offshore EPCIC contract
Posted on :Wednesday , 24th December 2014
The USD 710m project award includes the provision of full EPCIC services of an offshore processing facility, as well as associated subsea infrastructure developments.
Swiber did not name the contractor or specify where the project is to take place.For the contract scope and duration, Swiber will be mobilising a full and dedicate. . .BG Group agrees sale and charter of LNG vessels
Posted on :Tuesday , 23rd December 2014
BG Group has entered into an agreement with GasLog Ltd for them to acquire two modern tri-fuel diesel electric (TFDE) LNG carriers for proceeds of $460 million.
BG Group will charter back the two vessels, the Methane Becki Anne and Methane Julia Louise, for nine and eleven years with further options to extend the term for each vessel by either three or five ye. . .Tower Resources resolves dispute with Repsol in Namibia
Posted on :Tuesday , 23rd December 2014
Tower Resources has announced that it has reached agreement with the Operator, Repsol Exploration (Namibia) (Pty) Limited relating to the disputed costs associated with the drilling of the Welwitschia prospect, offshore Namibia.
As announced on 3rd September 2014, the Operator’s estimate of well and other related costs for the drilling of the Welwitschia. . .Total begins drilling of its deepest offshore project yet
Posted on :Tuesday , 23rd December 2014
Total has today reached another milestone for the Egina project in Nigeria, as an intensive drilling program got under way.
The company has mobilized two rigs which will be kept busy for a total of 3,000 days, drilling 44 wells in water depths ranging between 1,400 and 1,700 meters.“This is the deepest offshore project eve. . .Please Select an Option
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