Exploration - Exploration

Ghana and China Sign $3bn Deal for O&G Sector

GHANA AND CHINA have signed deals totalling $15bn during a five-day state visit to Beijing by Ghana President John Atta Mills, signaling the west African countrys rising prominence as an investment destination and future oil producer.

p style="margin-bottom: 0cm;">GHANA AND CHINA have signed deals totalling $15bn during a five-day state visit to Beijing by Ghana President John Atta Mills, signaling the west African countrys rising prominence as an investment destination and future oil producer.

Gabon sets quota on foreign workers

GABONS GOVERNMENT HAS agreed to trade union demands to limit the number of foreign workers in its oil sector to 10 per cent and requires that all executive posts be held by Gabonese.

p style="margin-bottom: 0cm;">GABONS GOVERNMENT HAS agreed to trade union demands to limit the number of foreign workers in its oil sector to 10 per cent and requires that all executive posts be held by Gabonese.

SouthWest Energy to Purchase Petronas' O&G Interest in Ethiopia

SOUTHWEST ENERGY has agreed to purchase from PETRONAS Carigali Overseas Sdn Bhd (PETRONAS Carigali), all of its oil and gas interests in Ethiopia. The transaction is expected to be completed during the first quarter of 2011 following the fulfilment of certain conditions precedent, including regulatory approval.

p style="margin-top: 0.18cm; margin-bottom: 0.18cm; widows: 2; orphans: 2;">SOUTHWEST ENERGY has agreed to purchase from PETRONAS Carigali Overseas Sdn Bhd (PETRONAS Carigali), all of its oil and gas interests in Ethiopia. The transaction is expected to be completed during the first quarter of 2011 following the fulfilment of certain conditions precedent, including regulatory approval.

CLOV development to See FMC Trees

FMC TECHNOLOGIES INC. announced that it has signed an agreement with Total Exploration & Production Angola for the manufacture and supply of subsea production equipment for the CLOV development project. The award has a value of approximately $520mn in revenue to FMC Technologies.

p style="margin-bottom: 0cm;">FMC TECHNOLOGIES INC. announced that it has signed an agreement with Total Exploration & Production Angola for the manufacture and supply of subsea production equipment for the CLOV development project. The award has a value of approximately $520mn in revenue to FMC Technologies.