The Nigerian Liquefied Natural Gas Ltd (NLNG) on Monday received the delivery of one of the six long awaited new ships it acquired from South Korea in 2015. The vessel, NLNG Finima 11 was received by NLNG officials managed by NLNG Manager Commercial Shipping, Captain Ahmed Hambali Yusuf following the completion of the initial voyage, which terminated in Bonny Island, Rivers State. The Finima 11...

PetroSeychelles has announced that WHL Energy and Afren Plc are both postponing their search for oil after the decline in the prices of crude oil globally. The company’s Chief Executive, Eddy Belle (photo), in a statement, said that the departure of the two companies signifies that the areas are available for other exploration companies. « Both are leaving so the area goes back to...

In Namibia, Chariot Oil & Gas on Monday, announced that it has commenced a 3D seismic survey of about 2,600 km² on Blocks 2312 & 2412A.  The 3D acquisition survey is being performed by PGS Exploration Limited. PGS is to accomplish the necessary work obligations for the blocks. According to the Company, extra leads were identified within the Upper Cretaceous deep water clastic...

During the council of ministers held on January 13, 2016, the government of Togo adopted a decree mandating its minister of digital economy, Cina Lawson, to authorize to the mobile operator Moov to exploit 3G. According to Republic Of Togo, Moov has been enabled to commercialize the technology until 2021. Until now, the technology was exclusive to Togo Cellulaire. In its decree, the State...

DeepOcean Ghana Ltd has acquired a contract extension for the Rem Forza subsea construction vessel to work on the TEN project, in Ghana. The vessel is to offer accommodation support, commissioning support, as well as construction and survey support. Rem Forza is 107.6 meters long and has an accommodation capacity of 120 personnel on board. It had initially worked on Tullow’s Ghana assets for...

Be it marketing or promotional communication, both involve the sustaining of a relationship with customer that relies on the use of gadgets and gifts. The goal here is to promote one’s company and retain not only its customers but its partners as well. This is the vision shared by the Maurice Communication Marketing (MCM) agency in Cote d’Ivoire. In regard to these topics, Cote d’Ivoire...

Energi Mega Persada (EMP) an independent upstream oil and gas company based in Jakarta, has revealed plans to farm-out half of its shares in the Buzi exploration and production concession contract offshore Mozambique. According to Interfax, EMP is currently in negotiations with an African strategic investor. The company which is the operator of the concession estimates to get about $96.25...

WHL Energy has announced that in line with the provisions under the farm-out agreement dated March 4, 2014, Ophir Energy has chosen to implement its exit option. WHL Energy signed a farm-in agreement with Ophir Energy on March 4, 2014. Under the agreement, Ophir will farm-in to get a 75% in the company’s exploration interest offshore Seychelles, and finance about $17 million of the...

The Consumer Federation of Kenya (COFEK) on Friday opposed the Sh1.42 price reduction announced by the Energy and Regulatory Commission (ERC) on Thursday for petrol, kerosene and diesel. "This is such a shock. We were expecting a reduction of not less than Sh10 because the main determinant of the price is not the tax but the cost of actual crude”, Stephen Mutoro (photo), COFEK’s Secretary...

Mozambique’s economy should record an average growth of 24% a year between 2021 and 2025 due to the massive investments injected in its large natural gas deposits over the recent years, a report published by IMF on January 15 reveals.  “The exploitation of the large natural gas deposits discovered in the Rovuma basin, off the North-western shores of the country, should attract $100...