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Madagascar Oil Appoints Jefferies to Aid in Partner Hunt

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Posted by admin 11 days ago (http://www.petroleumafrica.com)
Madagascar Oil has appointed Jefferies International as its strategic advisor to assist in the process of identifying and securing a partner who will work with it on the development and funding of the Tsimiroro heavy oil field in Madagascar. The Tsimiroro field saw its development plan approved by the government of Madagascar in mid-April. While […]

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Chevron to Sell More Nigerian Stakes

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Posted by admin 11 days ago (http://www.petroleumafrica.com)
Chevron Corp. is selling off more of its stakes in Nigeria. The company said it will sell off its 40% stakes in OMLs 86 and 88 in the Niger Delta region. The new sale of assets follows the February sale of its stakes in OMLs 83 and 85 to indigenous firm First Exploration & Petroleum Development Co. […]

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Expro Bags $100M Ghana Project

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Posted by admin 10 days ago (http://www.petroleumafrica.com)
  International oilfield services company Expro announced that it has been awarded new contracts from Tullow Oil plc. Worth in excess of $100 million over three years, the contracts will see Expro work across Tullow Oil’s assets in Ghana, including the Jubilee Field and the Tweneboa-Enyenra-Ntomme (TEN) field project. Following on from Expro’s phase one […]

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Hydro Group Expands Portfolio

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Posted by admin 10 days ago (http://www.petroleumafrica.com)
  Hydro Group Expands its Portfolio with £250,000 Investment Subsea cable and connector specialist Hydro Group has further strengthened its portfolio with the addition of a new state-of-the-art hydrostatic pressure vessel, following a £250,000 investment. The 2.5 by 1.5 metre vessel has the capacity to pressure test large cable assemblies and equipment up to 2,200psi, […]

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Afren Sees Major Changes Ahead of AGM

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Posted by admin 10 days ago (http://www.petroleumafrica.com)
Prior to Afren Plc’s Annual General Meeting, Egbert Imomoh, Chairman of the Board of Directors, and each of the non-executive directors – Toby Hayward, Patrick Obath, Sheree Bryant and Iain McLaren –notified the company that they would not stand for re-election at the Annual General Meeting scheduled on June 25. As a result, they will […]

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Seplat Chairman Has Advice for Buhari

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Posted by admin 11 days ago (http://www.petroleumafrica.com)
The chairman of Seplat Petroleum, A.B.C. Orjiako, is calling on Nigeria’s new president Muhammadu Buhari to sell off NNPC’s stakes in JVs. Orjiako told Reuters that his company would be interested in buying some, especially gas assets. The sale of NNPC’s stakes in JVs would allow for the government to focus on areas like tax […]

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Unique Group to Double Subsea and Offshore Business

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Posted by admin 11 days ago (http://www.petroleumafrica.com)
Release Unique Group to double global subsea and offshore business through new markets and acquisitions Unique Group, the leading integrated subsea and offshore solution provider, has set in place measures to double its size and global infrastructure by 2019 through capital investment, acquisitions and expansion into key markets. With a current turnover in excess of […]

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Mast Updates Somali and Libyan Security Situation

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Posted by admin 11 days ago (http://www.petroleumafrica.com)
Mast Security provided an update on the security situation in Somalia and Libya. In the Somali capital of Mogadishu, a suicide bombing near the national intelligence headquarters reportedly killed four people. Some Al-Shabaab fighters were also killed in the encounter. This was one of many attacks in a new campaign by Al-Shabaab, which purposely coincides […]

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