Market News
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Rift Energy identifies 5 drillable targets within Kenya s Block L9
Posted on :Tuesday , 9th December 2014
Rift Energy Corp has confirmed it has identified five drillable prospects and at least 21 leads within Block L19 in Kenya.
This follows completion of the interpreting or mapping phase of its 724 KM 2D seismic program as well as information from the Aerial Gravity & Magnetic Survey and Geochemical Survey, both of which were completed during 2013.CAMAC Energy Announces Additional Drilling Rig for Offshore Nigeria
Posted on :Tuesday , 9th December 2014
CAMAC Energy has reported that it has signed a contract with a subsidiary of Transocean Ltd. for the provision of the semi-submersible drilling unit Sedco Express for drilling and completion activities offshore Nigeria.
The contract allows for the drilling or completion of up to three wells, and CAMAC intends to use the rig to accelerate timing of the tie-in o. . .RAK Petroleum Increases Côte d Ivoire Stake
Posted on :Tuesday , 9th December 2014
Oslo-listed oil and gas investment company RAK Petroleum plc has announced that it has increased its stake in Côte d’Ivoire Block CI-27 to 9.1 percent following the acquisition by Foxtrot International LDC and other members of the joint venture of their pro-rata shares of the 12 percent interest previously held in the block by Energie de Côte d’Ivoire SA.
Mart Resources confirms oil flow through the Umugini pipeline
Posted on :Tuesday , 9th December 2014
Oil flow has commenced through the 51-kilometer long Umugini pipeline and into the Trans Forcados crude oil export pipeline system that connects to the Forcados oil export terminal. The commencement of continuous oil injections from the 12-inch Umugini pipeline to the Trans Forcados export pipeline followed the completion of pipeline tie-in at the Eriemu flow station and other start-up ac. . .
FG, GE sign MoU for $1bn investment implementation
Posted on :Tuesday , 9th December 2014
The federal government and General Electric (GE) signed a Memorandum of Understanding (MoU) yesterday for the implementation of a $1 billion investment plan, Leadership reports.
GE’s Global Chairman, Mr. Jeff Immelt had in January 2013 announced the $1 billion investment plan for Nigeria out of which $250 million will be earmarked for capital expenditure. . .Please Select an Option
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