US-based provider of offshore contract drilling services Hercules Offshore has signed a five-year contract with Italian oil and gas major Eni to provide Hercules 260 jackup rig in West Africa
Technology
Saipem in new joint venture with Dangote Group in Nigeria
Italian oil and gas industry contractor Saipem has entered into a joint venture with Nigeria-based industrial conglomerate Dangote Group to create a new company Saipem Dangote E&C
CBN to fund young oil and gas entrepreneur scheme in Nigeria
The Central Bank of Nigeria (CBN) has agreed to fund an entrepreneurship initiative for young Nigerians in oil and gas industry
GE wins Ghanaian offshore supply contract worth US$850mn
GE has won a contract worth US$850mn for the supply of oil and gas exploration and production equipment at Offshore Cape Three Points (OCTP) Block in Ghana
African crude fills gap in Latin American market
African oil producers have gained a foothold in Latin America at Venezuela’s expense, says Reuters