Oil services provider AGR Petroleum Services has signed a US$27.2mn contract with Genel Energy to deliver well management services for the Anglo-Turkish oil and gas firms Northwest Africa offshore drilling campaign
Downstream
Japan to invest US$2 billion in African projects
Japan will provide US$2bn worth of financial support over the next five years to back Japanese companies’ resource development projects in Africa
Total takes over Shell’s retail network in Egypt
French oil and gas company Total has acquired Royal Dutch Shell’s fuel retail network in Egypt as part of its strategy to strengthen its distribution position in the country and across the wider region
India becomes largest importer of Nigerian crude
India is now the single largest importer of Nigeria’s crude, surpassing the US and accounting for around 17 per cent of exports from the West African country, according to analysis by energy research firm Platts
Solo Oil and Pan Minerals & Oil sign MoU for West Africa onshore projects
Solo Oil has signed a Memorandum of Understanding (MoU) to acquire 15 per cent shareholding in Swiss-based Pan Minerals & Oil AG to assist the latter in existing production agreements onshore West Africa