Oil services company Gulf Marine Services (GMS) has announced that it has plans to spend around US$400mn by 2016 and expand into West Africa next year to tap strong demand for its vessels
Exploration
Kenya grants a 12-month extension on offshore block
The Kenyan government has granted a one-year extension to the current initial exploration period of the L10B offshore license in the East African country
First Sahara Energy to sell its entire stake to Maxim Resources in Moroccan block
Maxim Resources has entered into a heads of agreement (HOA) with First Sahara Energy (FSE) to acquire its 100 per cent interest on the Beni Znassen Block in Morocco
TRANSCORP signs PSC with Nigeria for onshore oil block
Transnational Corporation of Nigeria (TRANSCORP) has signed a production sharing contract (PSC) with the Nigerian National Petroleum Corporation (NNPC) for oil block OPL281
Kenya’s delay in bidding blocks ‘to benefit the country’
The delay in Kenya’s first licensing round for oil and gas blocks will be beneficial for the East African country’s economy, according to a research and consulting firm
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