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
Exploration
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
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
Zambia commissions first oil survey
Zambian president, Edgar Changa Lungu and Tullow Oil have announced the country’s first-ever oil survey
Cairn’s SNE North-1 exploration well offshore Senegal discovers oil and gas
Cairn Energy has announced positive results from the drilling of its SNE North-1 exploration well offshore Senegal, which encountered both oil and gas reserves in the primary objective