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Middle East and Africa

Middle East and Africa

Petrofac’s Engineering & Production Services (EPS) division has secured an award worth US$160 million from Basra Oil Company (BOC), previously known as South Oil Company, for its Iraq Crude Oil Export Expansion Project (ICOEEP).  The new two-year extension reflects Petrofac’s continued delivery focus and five-year track record as the incumbent

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Middle East and Africa

Eni has completed today the sale of a 25 percent indirect interest in the natural gas-rich Area 4 of the Rovuma Basin to ExxonMobil Development Africa B.V. (“ExxonMobil”). The terms of the sale, agreed in March 2017, include a payment of $2.8 billion subject to a contractual adjustment until the

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To say that the last few years have been difficult ones for the oil and gas industry is something of an understatement. Weak demand resulting from historically low prices has made life remarkably tough right across the supply chain. It is estimated that the collapse in oil prices, beginning in

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Middle East and Africa

December 06, 2017 Targets resources of more than one billion barrels Erin Energy Corporation (“Erin Energy” or the “Company”) (NYSE American:ERN) (JSE:ERN) today announced it has commenced drilling of the Oyo North West well (Oyo-NW). Oyo-NW is a high-impact exploration well being drilled with the Pacific Bora, a sixth-generation drilling

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Company NewsMiddle East and Africa

Dec 4, 2017 ExxonMobil today announced that its wholly owned affiliate, ExxonMobil Exploration and Production Mauritania Deepwater Ltd., has signed production sharing contracts with the government of Mauritania for three deepwater offshore blocks. “These blocks further enhance ExxonMobil’s leading global deepwater acreage position,” said Steve Greenlee, president of ExxonMobil Exploration

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Rockwell Automation to demonstrate how knowledge-driven solutions are the key to improving oil and gas businesses’ operational efficiency and bottom-line productivity.   Dubai, UAE, Oct. 18, 2017– Rockwell Automation, the world’s largest company dedicated to industrial automation and information, will showcase its Digital Oilfield and ConnectedProductionTM solutions at the booth

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 Oil and Gas Industry Accounted for 25% of Victims in June’s NotPetya Ransomware Attack; Frequency of Incidents Growing by 350% Year on Year   ADIPEC 2017’s Security in Energy Conference Will Focus on Strategies to Mitigate Cyber Crime Risks and Deploy Defence Mechanisms to Protect Critical Industry Systems and Infrastructure

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Company NewsMiddle East and Africa

Sparrows Group has signed a three-year contract with Total to supply crane maintenance and engineering services at four of the operator’s assets in Angola. The agreement will see the company implement planned maintenance routines as well as delivering all major preventative maintenance, and associated engineering for Total across its Floating

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Company NewsMiddle East and Africa

September 7, 2017 Statoil has acquired participating interests in two additional offshore frontier blocks, including one operatorship. Statoil has completed a transaction with ExxonMobil Exploration and Production South Africa Limited (ExxonMobil), acquiring a 35% interest in Exploration Right 12/3/252 Transkei-Algoa. Operator ExxonMobil retains 40% interest, while Impact Africa holds 25%.The

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Company NewsMiddle East and Africa

Aug 23, 2017 The Shell Petroleum Development Company of Nigeria Ltd joint venture has started production at Gbaran-Ubie Phase 2, a key project in Nigeria’s Niger Delta region. Phase 2 follows the success of the first phase of the Gbaran-Ubie integrated oil and gas development, which was commissioned in June

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