Posts Tagged ‘africa’

WTI Falls on EIA Data; Ivory Coast Looking to Increase Crude Output

by Christopher Lemieuxon January 8, 2014 5:59 pm BST
West Texas Intermediate crude was coming into today’s inventories report weakened. Traders have seen the price of crude fall from $100.50 per barrel to just below $94 per barrel just prior to the data. Crude futures continues its run lower after the Energy Information Administration (EIA) reported that inventories dropped more-than-the-expected general consensus 1.6 million […]

Vanoil Energy acquires Avana Petroleum for $15m

by on November 22, 2012 4:53 pm BST
Chief executive Aaron D’Este said the transaction was a transformational one for the explorer’s drive into East Africa, created a combined outfit holding blocks in four different basins in the highly-prospective region.The Vancouver-based, Toronto-listed explorer will get its hands on two key assets under the acquisition

Aker walks away from NPS deal

by on November 21, 2012 7:28 am BST
Aker announced in May that it had agreed to buy NPS Energy for an equity value of $350 million and assume about $110 million in net interest bearing debt as it looked target contract wins in the Middle East and North Africa.However, the deal was conditional upon a number

Leighton completes Tanzania project

by on November 19, 2012 4:49 am BST
Leighton carried out the design, engineering, procurement, fabrication, installation and pre-commissioning of a replacement SPM and pipeline system.The SPM system was installed for the import of crude and white products and is able to accommodate large tankers with up to 150,000 dead-weight tonnage.“We are proud to have