The US-based engineering company McDermott has rejected Subsea 7’s offer to acquire its entire issued share capital for US$7 per share

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 (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

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