Total and the National Office of Petroleum of Guinea (ONAP) signed a Technical Evaluation Agreement to study deep and ultra-deep offshore areas located off the coast of Guinea Conakry, covering approximately 55,000 sq km
Exploration
Glencore to acquire Chevron's assets in South Africa and Botswana
In a deal worth nearly US$1bn, Glencore has entered into an agreement with Off The Shelf Investments Fifty Six (RF) Proprietary Limited (OTS) to acquire from OTS a 75 per cent stake in Chevron South Africa Proprietary Limited and certain related interests and the entire issued share capital of Chevron Botswana Proprietary Limited, following closing of OTS’s exercise of its pre-emptive right to acquire the Assets from the Chevron group, coming days after securing a larger stake in Latin Americas top zinc miner
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
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
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