Exploration

Glencore to acquire Chevron's assets in South Africa and Botswana

In a deal worth nearly US$1bn, Glencore has entered into an agreement with Off The Shelf Investments Fifty Six (RF) Proprietary Limited (OTS) to acquire from OTS a 75 per cent stake in Chevron South Africa Proprietary Limited and certain related interests and the entire issued share capital of Chevron Botswana Proprietary Limited, following closing of OTS’s exercise of its pre-emptive right to acquire the Assets from the Chevron group, coming days after securing a larger stake in Latin Americas top zinc miner

Bruce Burrows is the new CFO in Nigeria's Aiteo Group

Aiteo has announced the appointment of Bruce Burrows as its global group chief financial officer (CFO), with effect from 18 November 2017

Sparrows Group and Hydra Group Ltd launch joint venture in Ghana

Sparrows Group has formed Sparrows Offshore Ghana Ltd, a Joint Venture (JV) with local partner Hydra Group Limited, aiming to deliver crane, lifting and inspection services in Ghana

KBR awarded EPCM Services contract for JVGAS projects in Algeria

KBR, Inc. has announced that it has been awarded an engineering and project management services contract by JVGAS – a joint venture of Sonatrach, Statoil, and BP – for the provision of engineering, procurement, and construction management services in Algeria

Mixed fortunes across the oilfield service and equipment sectors

In a recent forecast to the World Oilfield Equipment Market Forecast, Douglas Westwood has described that 2017 has seen a strengthening onshore rig count, led by US activity, but firms within the offshore sector have seen little abatement to the challenges presented in recent years

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