Oil Review Africa weekly digest - 14th - 18th August

pixabay jp26jp for ORA 307Here is a brief overview of the week’s news on Oil Review Africa, from 14th - 18th August 2017

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. Click here to read the full story.  

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. Click here to read the full story.  

Libya's NOC and Repsol meet to discuss Al Sharara field security breach 

Eng. Mustafa Sanalla, NOC Chairman of the Board of Directors, held a meeting with Luis Polo Navas Director of Libya Business Unit at Repsol Company on Sunday afternoon 13 August 2017. Click here to read the full story.  

DNV GL applies data analytics techniques to reduce downtime 

Lundin Norway and DNV GL have developed the first step in a solution for predicting unplanned shutdowns of Lundin Norway’s Edvard Grieg production platform. Click here to read the full story.  

Mobil Oil Nigeria change its name to 11 Plc 

In a notice sent to the Nigerian Stock Exchange, Mobil Oil Nigeria has informed dealing members and the investing public of its change of name from Mobil Oil Nigeria to 11 Plc. Click here to read the full story.  

Emerson launches new drilling jar clamp 

Emerson Automation Solutions has launched the latest product within its polymer completions solutions range – the PolyOil® JAR Handling Clamp – for increased safety and well integrity. Click here to read the full story.  

Zambia commissions first oil survey 

Zambian president, Edgar Changa Lungu and Tullow Oil have announced the country’s first-ever oil survey. Click here to read the full story.  

Baker Hughes GE releases field-proven coiled tubing simulation software 

Baker Hughes, a GE company, has announced the introduction of its CIRCA™ coiled tubing simulation software, which enables coiled tubing service providers to maximise equipment performance and improve operational efficiency in well interventions. Click here to read the full story.  

H1 gross and post-tax profits up for Oando 

Indigenous Nigerian energy group Oando has reported increased turnover and profits for the first half of 2017, compared with the same period last year. Click here to read the full story

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