McDermott rejects takeover bid of Subsea 7
The US-based engineering company McDermott has rejected Subsea 7’s offer to acquire its entire issued share capital for US$7 per share
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Interpose Holdings acquires stake in Zimbabwe’s oil and gas prospect
Australia-based Interpose Holdings Limited has announced to acquire 80 per cent interest and operatorship in Zimbabwe’s onshore Cabora Bassa basin via the acquisition of 100 per cent of fellow Perth firm Invictus Energy Resources Pty Ltd, a move which is in line with the company’s initiative to expand in Africa’s oil and gas activities
Hansa Heavy Lift moves subsea equipment for Ghana’s oil and gas project
Hansa Heavy Lift (HHL) has moved subsea equipment for the development of Africa’s Offshore Cape Three Points (OCTP) integrated oil and gas development project, about 60km off the coast of Ghana
ExxonMobil Basestocks expands distributor network in South Africa
American multinational oil and gas corporation ExxonMobil has signed a new distributor agreement with Zestcor, South Africa’s sales, procurement and supply chain management company, a move that is seen to help in supplying high-quality base stocks in South Africa and across the Sub-Saharan region
Five firms shortlisted to buy stake in Zambia's oil refinery
Zambia has shortlisted five companies out of seven international bidders to buy a stake in Indeni Petroleum Refinery, the only oil refinery in the southern African nation
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