Thursday, January 18, 2018

Africa News

Sinopec: South Africa Gives Conditional Approval for Chevron Assets

South Africa will stick with China's Sinopec Corp as the preferred contender to buy Chevron's assets in South Africa and Botswana after it made a fresh commitment to future investments in the country, the Chinese oil major said on Thursday.

EnerMech Acquisitions Extend its Presence in US, Africa

EnerMech chief executive officer Doug Duguid, left, with CVT managing director Stephen David in Cape Town

Oil and gas engineering specialist, EnerMech, has extended its international presence in the cranes and lifting and valves sectors with two acquisitions in the USA and Africa. The combined value of the deals is said to be approximately £4 million…

DNV GL Taps Oudman as Regional Manager

Ben Oudman (Photo: DNV GL)

As the global energy transition in the oil and gas industry marks significant changes to come, regional adaptions will pose a broad variation of challenges and opportunities. DNV GL – Oil & Gas has appointed Ben Oudman as Regional Manager for Continental Europe…

Oil Near 2014 high, Supported by Nigeria Attack Threat

File Image (CREDIT: AdobeStock / (c) mikesjc)

API reports rise in U.S. fuel inventories, drop in crude. Oil held steady above $69 a barrel on Thursday, supported by falling inventories of crude and threats of an attack on Nigeria's petroleum industry, although a reported rise in U.S. fuel supplies weighed.

Kongsberg Maritime Opens South African Facility

From left to right: Alastair Pettie, Rune Haukom, Steve Nell, Shaun Ortell, Pierre Marais, Wojtek Kowalczyk  (Photo: Kongsberg Maritime)

Kongsberg said it has opened its first office and warehouse facility in the Republic of South Africa on Friday, November 4, 2016. Located in Cape Town’s airport zone, the new Kongsberg Maritime South Africa facility joins the company’s global network of first party sites…

Eastern Africa: The Emerging Oil and Gas Frontier

With a 35+year track record in and on Africa, Global Pacific & Partners  hosts this landmark meeting on Eastern Africa. Now in its 5th year, Global Pacific & Partners invites you to this annual event held in Nairobi, Kenya, providing unrivalled new insights into the upstream opportunities…

Repairs Halt Total's S.African Ops; Resumption not Prior 2016

S.Africa wants 30 wells drilled in next 10 years; Total woes a setback to S.Africa exploration drive. French energy major Total has halted oil exploration off the southern coast of Africa due to mechanical problems with a rig, meaning it will not be able to resume searching in the area before 2016…

S.Africa Spends to Lift Distressed Mining Towns

South Africa said on Thursday it had earmarked 2.1 billion rand($190 million) over the next three years to improve housing and living conditions in poor mining communities. The violent labor unrest that has shaken South Africa's mining industry…

Total to Resume South African Offshore Drilling

French oil major Total is expected to resume drilling offshore South Africa in the second half of 2016, part of a broader campaign to explore in Africa, a senior official said on Wednesday. Total last year stopped drilling off the southern coast…

GAC Offers African Oil & Gas Market Insights to Houston

Gerrit Laubscher: Photo GAC

The GAC Group says it is bringing its African market knowledge to US clients in and around the global energy hub of Houston, Texas, with the posting of Gerrit Laubscher, Business Development Manager - Oil & Gas for Sub-Saharan Africa, to share…

O&G Explorers Must Rethink Africa Activity

Chris Bredenhann, PwC Africa Oil and Gas Advisory Leader

Oil & gas explorers must rethink their capital expenditure on exploration activity across the African continent in the wake of the significant drop in the global oil price, according to an analysis on the oil & gas industry in Africa released by PwC.

GAC to support Total E&P’s drilling project in S. Africa

Leading gas & oil company, Total E&P, has appointed GAC South Africa to provide shipping and logistics support for its drilling project off the coast of South Africa, which started in June this year. Total E&P is one of the first companies to drill for oil & gas in the country.

Africa Oilfield Logistics Eyes Nairobi Exchange Listing

London-listed support services company Africa Oilfield Logistics plans to list its shares on Kenya's Nairobi Securities Exchange, it said on Monday. The company, which is already listed on the London Stock Exchange's Alternative Investment Market (AIM)…

OPIC Partners to Develop S. African Energy Facility

The Overseas Private Investment Corporation (OPIC) has  signed an agreement with U.S. based energy developer SolarReserve and Saudi Arabia-based ACWA Power, recognizing OPIC’s $400 million commitment of debt financing to support the development…

Harkand Appoints GM for Africa

Doug Fieldgate (Photo: Harkand)

Inspection, repair, maintenance (IRM) and light construction company Harkand has informs it has united its African presence under the leadership of Doug Fieldgate as Africa General Manager. Fieldgate has 23 years of experience in the African oil and gas market primarily focused on West Africa.

SacOil Considers $6 bln Gas Pipeline

Oil and gas explorer SacOil Holdings has teamed up with the South African and Mozambican governments to study a possible $6 billion gas pipeline between the two countries, it said on Monday. If viable, the pipeline and the distribution facility…

Nigeria Offshore Drilling Expenditure Surges

Offshore drilling expenditure in Nigeria, Africa’s leading oil producer, will hit $2.26 billion in 2016, according to the latest report from GBI Research, a business intelligence firm sourced by this 'BusinessDay' news item. The report which…

PPG Delivers Pipe Coatings in South Africa

Coatings specialist says it draws on local production network and highly experienced team to deliver high specification products for local utility project. PPG Protective and Marine Coatings announced completion of a major project for Africa Pipe Industries…

Lafarge, Wartsila, IFC to Build Power Plant in Nigeria

Lafarge Africa, Finland's Wartsila and the World Bank's IFC have agreed to build a 220 megawatt (MW) gas-fired power plant in Nigeria to boost electricity supplies, they said on Wednesday. The trio said in a statement their plan was to help…

South Africa Wants to Resume Iran Oil Imports

South Africa wants to resume oil imports from Iran, once its biggest supplier, and hopes to resolve "sanction issues" that have blocked purchases within the next three months, its deputy foreign minister said on Tuesday. South Africa bought around 68…