Market News
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Aker Solutions and Saipem to Team up on Subsea Projects
Posted on :Tuesday , 22nd December 2015
Aker Solutions and Saipem entered into an agreement that has them cooperating on targeted subsea oil and gas development projects globally. The companies will through a joint work group identify opportunities where they can create value for customers by combining Aker Solutions’ capabilities in subsea products and technologies with Saipem’s assets and expertise in engineering, procu. . .
RHINO RESOURCES ACQUIRES TWO OFFSHORE BLOCKS IN EAST AFRICA
Posted on :Tuesday , 22nd December 2015
Rhino Resources has announced it has expanded its African footprint with the recent acquisition of two offshore blocks in East Africa in the Comoros territorial waters.
The two offshore blocks in East Africa include Blocks 17 and 24 in the Comoros territorial waters off Mozambique in East Africa a total of 11,947 square kilometres currently awaiting ratification by the National A. . .Egypt Expanding LNG Infrastructure
Posted on :Tuesday , 22nd December 2015
Egyptian Ministry of Petroleum recently revealed a US$324 million investment into infrastructure projects that will increase the country’s capacity to transfer and handle petroleum products in Ain Sokhna.
Minister of Petroleum and Mineral Resources Tarek El Molla said that securing petroleum and natural gas supply that could turn Egypt into an energy centre of the region i. . .Petrol Is Nigeria\'s Biggest Import in Q3
Posted on :Monday , 21st December 2015
Premium motor spirit (PMS), popularly called petrol, has emerged Nigeria's biggest import out of a total value of Nigeria's imports of N1.69 trillion in the third quarter of 2015, the Nigerian Bureau of Statistics has said.
In its latest foreign trade statistics published on Thursday, the Bureau said that durum wheat and imported complete knocked-down (CKD) motorcyc. . .Sonangol and Eni Sign Deal for Refinery Optimization
Posted on :Monday , 21st December 2015
Luanda — A compromise agreement, which will result in the updating of plants of the refineries of Luanda and Lobito (Benguela), was signed recently by the chairperson of the Board of Directors of Sonangol EP, Francisco de Lemos José Maria, and the CEO of the Italian oil company (ENI), Cláudio Descalzi.
According to a press note from Sonangol that. . .Please Select an Option
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