Emas AMC has awarded Rana a diving services contract for the installation and hook up of the new floating, storage and offloading (FSO) vessel Gaza, offshore Libya. The vessel is to replace the FSO Sloug at Bouri Field, offshore Libya. The Bouri field is part of Block NC 41. It is situated 120 km from the Libyan coastline in the Mediterranean Sea in a water depth of 158 m. The field contains a...

The prices of crude oil on Wednesday near $31 per barrel after four days of deteriorations, buoyed by the possibility of a partnership between the Organization of the Petroleum Exporting Countries (OPEC) and non-OPEC producers to confront the oversupply situation in the market. Iran's oil minister, Bijan Zangeneh (photo) today revealed that his country is prepared to discuss with Saudi...

As the prices of crude oil in the global market continues to fluctuate, Tullow oil has decided to concentrate on seismic surveys, processing and interpretation, high-grading and progressing potential leads to drillable prospects. The Africa focused company’s financial result for 2015, revealed that revenue fell by 27 % to $1.6 billion as its operating cash flow also fell by 38 %...

In Tunisia, the new investment code allows foreign companies to freely transfer their foreign currency profits and assets and plans for numerous tax and financial advantages for companies operating in primary sectors or in the less favoured regions of the country, official press agency TAP reported. The new code sets a clear regulation regarding transfer of profits and assets of foreign...

Following attacks on pipelines that forced the closure in January, Nigeria's refineries are expected to resume operations before the end of February. The Nigerian National Petroleum Corporation (NNPC), stopped the flow of crude oil to the refineries after the attack on major pipelines feeding the plants in mid-January. The refineries were then closed afterwards. According to the state oil...

Ghana forecasts for 2016, an economic growth of 5.4% against 4.1% in 2015, said Minister of Finances, Seth Terkper, on February 9. Addressing a press conference, Terkper added that Ghanaian authorities intended to lower the inflation rate to 10% this year against 17.7% the previous year. Moreover, he added that Ghana could revise its budget for the year due to oil prices being lower than...

Aiming to reduce wage bill, among other things, Mauritius Broadcasting Corporation (MBC) is restructuring. The first victims of this restructuring could be the 200 freelance journalists employed by the group. In a letter, MBC’s management told the freelance journalists that their air-time reduced under the new programme schedule. A sure loss for non-permanent employees. They are paid 250...

www.presidence.sn. This is the new website of Senegal’s presidency. The platform was launched on February 8, 2016. In a release, the communication service of presidency announced that the new platform would offer, for the first time ever, Web Tv via which it will be possible to follow all the activities of President Macky Sall. Presently, the website offers a media library with videos and...

According to newspapers L’Express, Mauritius’ government plans to use 200 million rupees (5,596,016.04 dollars) this year to buy and distribute tablets to students in Form V and Lower VI. The last time students of these classes received the devices was in 2014. Nearly $4 million (140 million Indian rupees) were spent by government to this end and 21,600 tablets were distributed....

Tanzania’s minister of energy and minerals, Sospeter Muhongo, ordered the drilling of three geothermal holes around Lake Ngozi. These wells will allow the country to produce its first geothermal kilowatts. “We cannot continue waiting due to the elevated shortage of the country experiences while the Rift Valley covers a significant portion of our territory,” he said. Indeed, the country...