Modulift has refurbished two subsea spreader beams for a major subsea installation contractor before they were used to lift 260 tonnes and 280 tonnes manifolds for a field development offshore Libya
Downstream
Low oil production minimised Cameroon’s economic growth in 2017, says IMF
Overall economic growth in Cameroon decelerated to 3.2 per cent in 2017, due to a steep decline in oil production despite the gradual rebound in international prices, said IMF’s Corinne Deléchat after concluding visit to Yaoundé from 27 April to 14 May 2018
Sierra Leone extends bid deadline of fourth licensing round
The government of Sierra Leone has announced to extend the close date of the country’s fourth licensing round to 27 September 2018, which is being supported by the UK-based natural resource exploration expert Getech Group, through its wholly-owned subsidiary ERCL
Distribution of petroleum products to gain momentum in Nigeria
The Nigerian National Petroleum Corporation (NNPC) has announced to extend its support to the Petroleum Tanker Drivers (PTD) and the Nigeria Union of Petroleum and Natural Gas Workers (NUPENG) to enhance distribution of petroleum products across the country
Vitol, Glencore, Shell bid for Petrobras' West African assets
Vitol, Glencore, Shell, three leading oil and gas players across the globe, are running to buy the African division of Petrobras, which has interest in two major offshore oil blocks in West African country Nigeria