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Halliburton/Baker Hughes Deal Done

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Posted by admin 8 days ago (http://www.petroleumafrica.com)
Halliburton and Baker Hughes Inc have come to terms over a definitive agreement under which Halliburton will acquire all the outstanding shares of Baker Hughes in a stock and cash transaction. Word of a potential deal between the two made the rounds earlier this month, however the two began talks over a month ago. On […]

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Eco Atlantic Launches Guy Survey in Namibia

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Posted by admin 8 days ago (http://www.petroleumafrica.com)
Eco (Atlantic) Oil & Gas Ltd. launched a 1,000-km 2D seismic survey on its Guy Block in Namibia’s Walvis Basin. PGS Geophysical was contracted to acquire the seismic survey. The launch of the Guy Block survey comes on the heels of the completion of Eco Atlantic’s 1,097-sq km 3D seismic campaign on the Cooper Block. […]

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FMC Celebrates Commissioning of Subsea Equipment for Bonga Northwest

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Posted by admin 8 days ago (http://www.petroleumafrica.com)
Release FMC Technologies Celebrates Commissioning of Subsea Equipment for Bonga Northwest Development Project features the first subsea production trees engineered, manufactured, tested, installed and serviced by FMC Technologies entirely in Nigeria 13 November, 2014 – FMC Technologies, Inc. (NYSE: FTI) the leading global provider of technology solutions for the energy industry, announced t

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Council to lobby central banks to adopt platinum

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Posted by admin 8 days ago (http://www.miningmx.com)
The World Platinum Investment Council wants central banks to adopt platinum as a reserve asset and convert Chinese jewellery owners into platinum investors.

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Anglo recovery linked to Carroll era calls

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Posted by admin 9 days ago (http://www.miningmx.com)
De Beers and Minas Rio are providing early impetus to Anglo American's attempts at recovery. Interestingly, they were both the judgements of Cynthia Carroll.

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AngloGold demerger may be revisited

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Posted by admin 9 days ago (http://www.miningmx.com)
AngloGold may have set the ball rolling on cost-cutting in South Africa, but further out, mine closures and even more profound restructuring may be required.

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Sea Trucks Unit Wins Afren Gig in Nigeria

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Posted by admin 10 days ago (http://www.petroleumafrica.com)
West African Ventures, a subsidiary of Sea Trucks Group, has been awarded an installation contract by Afren for a development offshore Nigeria. The contract calls for the installation of a 60-km pipeline, PLEM, flexible riser and spool pieces, as well as transportation and installation of jackets, piles, bridges, and topsides. A number of the company’s […]

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New Investment Law in the Works for Algeria

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Posted by admin 10 days ago (http://www.petroleumafrica.com)
Another new investment law is in the works for Algeria, this time the investment law will be aimed at edging the country away from its dependence on oil and gas revenues and improving its business climate to attract a different sort of foreign investment. The measure is part of wider reforms intended to diversify the […]

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