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FoundOcean Group Acquires Vibro-piling Specialist CAPE Holland

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Posted by admin 14 days ago (http://www.petroleumafrica.com)
Release Marlow, UK and Beilen, The Netherlands – 14/10/14 FoundOcean Group announced today that it has acquired a majority stake in CAPE Holland Group, the vibro-piling specialist based in The Netherlands. Jim Bell, Managing Director at FoundOcean Ltd explains the reasoning behind the acquisition; “The board of the FoundOcean Group aims to assemble businesses which […]

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Fann Introduces DNA™ System

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Posted by admin 14 days ago (http://www.petroleumafrica.com)
Release New Software Offering Increases Instrument Automation HOUSTON – Oct 28, 2014 – Fann Instrument Company announces the release of its latest offering, the DNA™ System, an integrated software solution connecting up to eight instruments into a single testing environment. At present, no industry solution links as many instruments in real-time. The system adds new […]

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China’s Gas Power Gen to Exceed 85 GW

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Posted by admin 14 days ago (http://www.petroleumafrica.com)
With an increasing focus on renewable installed capacity and gas, China’s gas power generation capacity will rise from 43.8 GW in 2013 to 85.5 GW by 2020, subsequently boosting gas turbine installations in the country, according to findings from research and consulting firm GlobalData. China’s gas power generation market value stood at $652 million in […]

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Apache CFO Resigns

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Posted by admin 14 days ago (http://www.petroleumafrica.com)
Apache Corp.’s Executive VP and CFO resigned to “pursue other opportunities”. Although the company has recently faced pressure from a major shareholder to restructure its business model, Apache said that Alfonso Leon’s departure was “not related to any issues regarding financial disclosures, accounting, or legal matters.” “We appreciate Alfonso’s contribution and wish him all the [

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Former CFO of Shell Aviation Launches O&G Firm

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Posted by admin 14 days ago (http://www.petroleumafrica.com)
Marianne Abib-Pech, former CFO of Shell Aviation and GE Alumni, launched LeadTheFuture, a leadership firm focused on developing emerging leaders with a strong focus on the Oil and Gas and Private Equity/Asset Management sectors. LeadTheFuture is a leadership laboratory created for executives by executives, dedicated to new models of leadership, young population, women, and entrepreneurs. […

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Glencore Exstrata Acquires Western Sahara Acreage

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Posted by admin 14 days ago (http://www.petroleumafrica.com)
Swiss firm Glencore Exstrata’s subsidiary was awarded two licenses offshore the Western Sahara. The Moroccan government awarded the licenses in the disputed territory with international organizations calling it a violation. Western Sahara Resource Watch said the deal was against a UN legal judgment handed down in 2002 that stated further exploration was prohibited until approval […]

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AGR Joins Consortium to Bid on Niger Delta Asset

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Posted by admin 14 days ago (http://www.petroleumafrica.com)
AGR has joined as technical partner in a bid consortium to acquire Nigeria’s OML 29 onshore the Niger Delta from Shell. Indigenous firm Aiteo E&P has taken the majority stake in the consortium. AGR as technical partner will be a key player in the future development of the asset and the technical scope will be […]

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Aminex to Sell Stake in Kiliwani North to Solo

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Posted by admin 14 days ago (http://www.petroleumafrica.com)
Aminex entered a binding agreement to sell up to a 13% interest in the Kiliwani North Development License (KNDL) in Tanzania to Solo Oil for a total consideration of $7 million. Initially Solo will acquire a 6.5% interest in KNDL from Aminex’s wholly-owned subsidiary Ndovu Resources for a total consideration of $3.5 million and will […]

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