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Senegal constructing $1.1 billion superport

August 6, 2021
| Archives

Senegal is constructing a $1.1 billion superport near the town of Ndayane, 50km southeast of the capital, Dakar. Dubbed the ‘Port of the Future’, the new multifunctional port will be technologically advanced and operationally efficient. By modernizing its current port infrastructure – critical as the country moves to develop its offshore discoveries – and prioritizing new port

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Egypt and Chevron in talks over more Red Sea and Med work

August 6, 2021
| Archives

According to a press statement from the Egyptian Ministry of Petroleum and Mineral Resources, Egypt is eyeing American supermajor Chevron for additional investment into its oil and gas arena, specifically in the Red Sea and the Mediterranean. Minister Tarek El Molla and Chevron officials discussed potential areas of cooperation in exploration and production during a recent meeting. El

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Solstad bags new work with Petrobras

August 6, 2021
| Archives

Solstad Offshore has secured a contract with Petrobras for the deployment of its construction support vessel (CSV) Normand Flower on the Brazilian continental shelf. Under the contract, Solstad will support Petrobras’ exploration and production activities. The contract duration is three years firm with 475 days options thereafter, commencing in April 2022. Additionally, Solstad has signed a contract extension with Prysmian Powerlink for its

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Petrobras to drill 20 new exploratory wells offshore Brazil

August 6, 2021
| Archives

The Campos Basin will be the main focus of this year and the next within Petrobras’ exploratory program. In all, the company plans to drill 20 new wells between 2021 and 2022 in Brazil, 11 of which will be inside Campos, in the so-called “pre-salt fringe”. The move could result in a boost in the coming years

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BHP says Shenzi North in Gulf of Mexico is a go

August 6, 2021
| Archives

BHP has approved US$544 million in capital expenditure to execute the Shenzi North oil project in the US Gulf of Mexico. The capital expenditure approved represents a 100 per cent share interest. The project offers very attractive returns at a nominal IRR of over 35 per cent, a breakeven of approx. US$25/bbl and a payback of less than 2 years. BHP is

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Tax laws up for the scrap heap in India

August 6, 2021
| Archives

India proposed scrapping a controversial law that taxed companies retrospectively and said it will refund disputed amounts, a move that could potentially settle its multi-billion-dollar tax cases with Cairn Energy and Vodafone. The amendment to the tax law could resolve at least 17 disputes of tax payments amounting to 500 billion rupees ($6.7 billion) or more and will help

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Ghana and Angola sign MoU strengthening economic ties

August 5, 2021
| Archives

Angolan Head of State H.E. President João Lourenco recently conducted a two-day diplomatic visit to Ghana whereby the two nations signed a Memorandum of Understanding (MoU) to increase economic ties through accelerated trade and investment. With Angola interested in leveraging Ghana’s mining and cocoa experience, and Ghana seeking partnerships to expand its oil and gas sector, the

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Caltex rebrands to Astron Energy

August 5, 2021
| Archives

Caltex, one of South Africa’s top five petroleum brands, has announced that it will rebrand itself under the new name Astron Energy, comprising one of the regional industry’s largest ever logistical undertakings. The rebranding of over 850 Caltex-branded service stations in South Africa and Botswana will take place in phases over the next few years in an attempt

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Guyana Gov crude marketing search draws bidders

August 5, 2021
| Archives

Guyana received bids from 15 different companies aiming to market the government’s share of the crude produced off the South American country’s coast, according to Guyana’s National Procurement and Tender Board Administration website on Wednesday. The government re-launched the search last month after a previous tender was discarded. Bids were due on Aug. 3, and companies were asked

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