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SapuraKencana Secures West African Contracts

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Posted by admin 8 days ago (http://www.petroleumafrica.com)
SapuraKencana Petroleum Berhad’s drilling division, SapuraKencana Drilling, won a new contract and three contract extensions worth a total of $454 million from new and existing clients in West Africa, Brunei, and Thailand. The company’s new contract is with Total Congo for the charter of its semi-tender assist drilling rig SKD Berani. The contract is for […]

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60 MacGregor Cranes Ordered for Chinese-built Bulkers

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Posted by admin 7 days ago (http://www.petroleumafrica.com)
 Release MacGregor, part of Cargotec, has won a run of orders for bulk versions of its cargo handling cranes from five Chinese shipyards. The cranes are destined for 15 bulk carriers for various owners. The orders were booked in the first quarter 2014 order intake and include: • Two 37,500 dwt bulkers on order at […]

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Jubilee Production Above Budget Levels

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Posted by admin 7 days ago (http://www.petroleumafrica.com)
The Jubilee oil field is expected to average between 105,000 and 110,000 this year according to Alex Mould, chief executive of Ghana’s state-run oil firm GNPC. The government had budgeted production at the field at 100,000 bpd, but it appears it will surpass that. “It is expected that the field could produce an average of […]

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Engen Lubes Distributor opens 11th Service Station

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Posted by admin 7 days ago (http://www.petroleumafrica.com)
Blessing Petroleum, the official lubricants distributor for Engen in Cameroon, has opened its 11th service station. This allows for Blessing to bring Engen’s automotive oils to the Western region of the country for the first time. Blessing’s MD Paul Dengoue says Yapaki Service Station, situated in Dibombari west of Douala, has been open for two […]

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Tower Placing Leads Toward Pan-African Exploration

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Posted by admin 7 days ago (http://www.petroleumafrica.com)
Tower Resources had quite a few interesting items to announce, the first being its placing and subscription. The company is looking to raise £19.3 million before expenses by way of a placing with certain existing and new investors at a price of 3.5 pence per placing share. As a result of its placing Tower is […]

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Oil and Gas Exports Build Algeria’s Foreign Reserves

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Posted by admin 7 days ago (http://www.petroleumafrica.com)
With its foreign reserves built up from oil and gas exports, North Africa’s Algeria enough to cover three years of imports according to the country’s Minister of Finance, Karim Djoudi. Currently the country’s foreign reserves sit at $194 billion; however, Djoudi said steps could be taken to adjust to any sharp drop in oil prices. […]

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New generation of Pt miner plots way to JSE

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Posted by admin 7 days ago (http://www.miningmx.com)
Sedibelo Platinum Mines, Ivanhoe Mines and the recently listed Tharisa are proof that investors will have more options as SA's platinum industry changes scope.

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SA golds 'beyond reasonable level of value'

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Posted by admin 8 days ago (http://www.miningmx.com)
Have South African gold stocks exceeded their reasonable level of value as suggested by their recent weakening?

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