Cairn Energy has published half-yearly results for six months ended 30 June 2017, emphasising that it continues to deliver progress in Senegal where planning work has commenced on the phased development of the world class SNE field
Exploration
ExxonMobil launches next generation product series for gas engine oils
The US-based ExxonMobil has launched the Mobil Pegasus 1100 Series, a next generation series of gas engine oils, aiming to keep up with the latest gas engine developments
Fortuna FLNG Offtake awarded to Gunvor
The Ministry of Mines and Hydrocarbons, Ophir Equatorial Guinea Ltd, OneLNG SA and La Compania Nacional De Petroleos De Guinea Ecuatorial have nominated Gunvor Group as their preferred LNG Buyer for offtake from the Fortuna FLNG project
Africa Re faces losses in South Africa and Middle East in H1 2017
African Reinsurance Corporation (Africa Re) has announced that the losses in South Africa and in the Middle East pushed down the company’s net profit to US$7.6mn in the first half of 2017 from US$32.6mn in the same period in 2016
Wood Group closer to Amec takeover: CMA
The UK’s Competition and Markets Authority (CMA) has said that British oil and gas company Amec Foster’s proposal to sell almost all of its upstream offshore oil and gas servicing assets may be adequate for regulatory approval of its merger with Wood Group