FAR Limited has announced update on The Remus conditional non-binding indicative proposal of a potential offer from Remus Horizons PCC Limited to acquire 100% of the shares in FAR at 2.1c cash per share.  The company said that the proposed sale by FAR of its interest in the RSSD project to Woodside Energy (Senegal) BV […]

Carnarvon Petroleum to spud Buffalo-10 well offshore Timor Leste next year. The objective is for drilling operations to take place in late 2021, with a date to be determined once a rig has been identified and long lead items have been ordered, along with completion of any necessary regulatory approvals. It is scheduled that the well will […]

Beach Energy is now expected to begin its exploration and development drilling campaign offshore Australia, using Diamond Offshore semisub Ocean Onyx, around February 2021. The campaign will keep the rig busy until 2022 with three one-well options also available thereafter.  Serica Energy reports that offshore operations at its UK Rhum field, R3 Intervention Project using Awilco Drilling semisub WilPhoenix, have been […]

Vantage Drilling jackup Sapphire Driller has been secured by Trident Energy for a new campaign offshore Equatorial Guinea. The work scope consists of two firm wells and five options, commencing in the second quarter of 2021.  Operators Tullow Oil and Eni are both understood to be close to announcing rig contracts for drilling campaigns offshore Ghana, both […]

Damen Shiprepair and Conversion (DSC) said it is wrapping up a ship repair and maintenance program involving seven vessels owned by French shipping and logistics giant CMA CGM. The projects took place at Damen Shiprepair Amsterdam (DSAm) in the Netherlands and Damen Shiprepair Dunkerque (DSDu) in France, with the last vessel scheduled to leave DSDu […]

Oil tanker operator AET has taken delivery of the Eagle Pilar, a new Suezmax Dynamic Positioning (DP2) shuttle tanker. The vessel has been purpose-built for long-term charter to Brazil Shipping I Limited, a Shell subsidiary. The vessel was delivered on Wednesday by Samsung Heavy Industries (SHI) in South Korea. This 153,180 DWT DP2 vessel has […]

C&I Leasing Plc  hereby notifies The Nigerian Stock Exchange (The Exchange) and the investing public of the purchase of 313,326,316 units of the Neoma Africa Fund L.L.C. (formerly Aureos Africa Fund, L.L.C.) unsecured variable coupon redeemable convertible loan stock in registered units of N4.75 each or its US$ equivalent in C&I Leasing Plc by Peace […]

After a decade of meritorious service as pioneer Chief Executive Officer of a reputable Indigenious Exploration and Production company with global expertise, Mr Austin Avuru has honorably exchanged an experienced loaded baton to Roger Brown as the new Chief Executive Officer (CEO) of Seplat Petroleum Development Company Plc. Mr Brown is expected to lead the […]

Yinson Holdings Berhad a renowned world leading FPSO and FSO company has once again been recognised as a ‘Most Honoured Company’ in this year’s 2020 All-Asia Executive Team Rankings organised by Institutional Investor, making this the second consecutive year Yinson is receiving this award. Additionally, Group Chief Executive Officer Lim Chern Yuan has been ranked […]

INEOS, one of the world’s largest manufacturing companies, has today completed the purchase of the global Aromatics and Acetyls businesses from BP for a consideration of $5 billion. INEOS is already one of the world’s leading petrochemical companies and this acquisition will extend both the portfolio and the geographic reach of the business. The businesses […]