Market News
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Drill Or Drop Decision In Ethiopia’s Adigala Block Expected In January 2016
Posted on :Tuesday , 8th September 2015
Genel Energy a partner at the Adigala block in Ethiopia says a drill or drop decision is expected in the first quarter of 2016 as it continues further processing and interpretation of new 2D seismic acquired in 2014.
According to the latest investor presentation the seismic that commenced in the second quarter of 2014 was to refine a number of existing leads i. . .
Spectrum Secures Contract For 2d Seismic Offshore Somalia
Posted on :Tuesday , 8th September 2015
Spectrum ASA has announced it has entered into a Multi-client master co-operation agreement with the federal government of Somalia to acquire approximately 28,000 km of long offset 2D seismic data offshore south Somalia during a signing ceremony on September 5th at the SYL Hotel, Mogadishu.
The new acquisition has been specifically designed to complement 20,00. . .
EGAS invites LNG Traders to workshop
Posted on :Tuesday , 8th September 2015
Egyptian Natural Gas Holding Company reportedly invited ten LNG trading companies to a technical workshop linked to Egypt’s second LNG supply tender.
Sources told Reuters that the companies invited could be in a short-list of possible winners of the tender to supply 45 cargoes of liquefied natural gas to Egypt in 2015 through 2016.
Uganda to restrict multinationals use of expats in oil sector
Posted on :Saturday , 5th September 2015
Dozith Abeinomugisha, assistant commissioner in the petroleum directorate at the Ministry of Energy and Mineral Development, told the newspaper that, basically, international oil companies (IOCs) would be banned from bringing expatriates into the country to occupy positions that qualified Ugandans can do.
"We have coordinated with the Ministry of Internal. . .
Plans for the construction of Kipevu oil terminal in Kenya on course
Posted on :Saturday , 5th September 2015
The first designs for the construction of the Kipevu oil terminal in Mombasa are on the final stages so as to pave way for the tendering process; this is according to the Kenya Ports Authority Managing Director, Gichiri Ndua.
The Kipevu oil terminal which is supposed to be relocated is being overseen by Danish consultancy firm Niras.Please Select an Option
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