Clough Ltd and CH-IV international (both Subsidiaries of Murray & Roberts) have been awarded contracts in the oil and gas sector in Korea and the United States. Clough was awarded a contract by Samsung Heavy Industries for hook-up services on the Ichthys liquefied natural gas (LNG) project’s central processing facility. The company is to prepare and implementation offshore hook-up...

Liberia’ mining industry as professionals forecast, had a disastrous third quarter in 2015. This is what statistics from a financial and economic report by Central Bank of Liberia (CBL) revealed. Ores hit by the storm include gold, diamond and cement. Output for gold slumped to 990 ounces in Q3 from 2,744 ounces the previous quarter. The report says this performance is due to the fall in...

Jean-Marc Savi de Tové and Thierry Vissého, two former partners of Cauris Investment Management have launched their own private equity management company, Adiwale Parnters, Ecofin Agency learnt from the company’s incorporation deed which was published on January 20 in the legal notices newspaper, in Cote d’Ivoire. Both founders of Adiwale Partners have gathered expertise from 15...

Kosmos Energy on Wednesday announced that its Guembeul-1 exploration well offshore Senegal, has made a substantial gas discovery. The Guembeul-1 exploration well is situated about 5km south of the basin-opening Ahmeyim-1 gas find in around 2,700 meters of water. It was drilled to a total depth of 5,245 meters and came across 331 feet of net gas pay in two quality reservoirs, in the underlying...

Dynamic Industries, has been awarded a contract to renovate a 500 ton production platform and 300 ton jacket for Eni’s Nene field, offshore the Republic of Congo. The company said it will be using its inventory of used structures for the project. The offshore production facility will depart for Eni’s Nene field, which is expected to contain 140,000 boe/d in May 2016. “In today’s low...

The German Rhenus Freight Logistics (RFL) just opened offices and warehouses in the port city of Tangier in Morocco. With this first implementation in Africa, the logistician aims to provide various services from and to Morocco, including an intermodal transport service with regular departures towards the ports of Tangier Med, Casablanca, Agadir and Nador as well as door-to-door services...

Ethiopian Airlines just announced it was going to launch an Addis Ababa-New York-Lome flight line in June 2016, with three departures per week (Tuesday, Thursday, and Sunday). Flights from Addis Ababa will depart Tuesday, Thursday and Sunday in the morning and return from JFK in the evening the same day with an intermediate stop in Lome. The state-owned company plans to operate this route...

GoviEx Uranium Inc, the Canadian explorer with assets in Niger, has been granted a permit to exploit the Madaouela project in the Agadez region. Permit for the 250 km- project is worth $676 million. Announced by government on Tv, this was reported by Reuters. In spite of the good news, GoviEx announced on Tuesday that it was adopting new measures to cut 50% of its exploitation and operation...

PSA Peugeot Citroën will soon commission in Morocco an OpenLab dedicated to research on green energies and electric vehicles in Africa. Sustainable Mobility for Africa is the laboratory’s name. It will function on the open innovation principle which favors the sharing of knowledge and results. Associated to this laboratory are five Moroccan universities, two American universities with...

According to exchange operator CME group, India and Africa are the two regions where agricultural and agro-industrial companies should focus their attention. Africa for example shows an extremely interesting combination: a demographic boom combined with a significant calorie deficit. The US census bureau believes that Africa, despite having a population which should rise to 1.91 billion by 2040...