Here is a brief overview of the week’s news on Oil Review Africa, from 2nd - 6th October 2017
African national oil companies must evolve in challenging environment says PwC analyst
Chris Bredenhann, Africa advisory oil and gas leader, PwC, has called for African national oil companies (NOCs) to rethink their business models and strategies in order to avoid dependence on a single energy source and to rebalance budgets. Click here to read the full story.
Bruce Burrows is the new CFO in Nigeria's Aiteo Group
Aiteo has announced the appointment of Bruce Burrows as its global group chief financial officer (CFO), with effect from 18 November 2017. Click here to read the full story.
Ampelmann partners with Seaqualize to develop S-type gangway
Ampelmann, the global leader in offshore access solutions, has partnered with Seaqualize, a Dutch marine motion technology innovator, to collaborate on the development of its latest S-type gangway. Click here to read the full story.
Sparrows Group and Hydra Group Ltd launch joint venture in Ghana
Sparrows Group has formed Sparrows Offshore Ghana Ltd, a Joint Venture (JV) with local partner Hydra Group Limited, aiming to deliver crane, lifting and inspection services in Ghana. Click here to read the full story.
Why fuel prices in South Africa continue to rise
A 12 per cent increase in global oil prices since the start of September has been cited by the South African Department of Energy as a factor in the country's latest round of fuel price rises. Click here to read the full story.
Leaders in world energy to meet at KOGS 2017
Over 5,000 world energy leaders, stakeholders, and executives will converge in Kuwait for the third Society of Petroleum Engineers Kuwait Oil & Gas Show and Conference (KOGS 2017) in October for 4 days of strategic dialogue and business opportunities. Click here to read the full story.
Statoil, Shell and Total enter CO2 storage partnership
Statoil, Shell and Total have signed a CO2 storage partnership agreement aiming to mature the development of carbon storage on the Norwegian continental shelf (NCS). Click here to read the full story.
Gas deposits less than earlier estimate at Karoo in South Africa
South Africa’s Karoo basin is expected to have a 30th of the shale gas deposits, thus deflating expectations of an energy bonanza, a study by the South African Journal of Science have stated. Click here to read the full story.
Mixed fortunes across the oilfield service and equipment sectors
In a recent forecast to the World Oilfield Equipment Market Forecast, Douglas Westwood has described that 2017 has seen a strengthening onshore rig count, led by US activity, but firms within the offshore sector have seen little abatement to the challenges presented in recent years. Click here to read the full story.
