African nations showcase partnerships with Facebook at F8 conference
Facebook's collaboration with African developers was on display this month in San Francisco during the company's F8 developer conference. Read More »
Facebook's collaboration with African developers was on display this month in San Francisco during the company's F8 developer conference. Read More »
Thomas P. Chambers will present at the Scotia Howard Weil 44th Annual Energy Conference Wednesday. As an oil and gas exploration company, Kosmos focuses on frontier and emerging areas along the Atlantic Margin. It has projects offshore in Ghana, Mauritania and Senegal and has exploration licenses offshore in Portugal, Sao Tome and Principe, Suriname, Morocco and Western Sahara. Read More »
Erin Energy Corporation appointed John Hofmeister to serve as board chairman and Segun Omidele as CEO Monday. The Houston-based company focuses on oil and gas exploration and production in sub-Saharan Africa, particularly in the countries of Nigeria, Gambia and Ghana. Hofmeister and Omidele will replace Erin Energy's current Chairman and CEO Kase Lawal who is retiring. Read More »
ITC Global, a satellite communications provider, recently acquired numerous offshore communications contracts offshore in Angola, Equatorial Guinea and Congo. The company specializes in satellite communications for remote or harsh conditions, and in the new contracts, it has been awarded five FPSO vessels, owned by the European oil and gas company Total. Read More »
Kosmos Energy, an oil and gas exploration and production company, announced its successful appraisal Wednesday of Ahmeyim and Guembeul gas off the coast of Mauritania and Senegal, which will result in higher gross resources. The discovery was made due to the Ahmeyim-2 exploration and appraisal well, which drilled to 5,200 meters, and in the Lower Cenomanian and Albian, which increased from 50 square kilometers to 90 square kilometers. In addition to the increase in field area, the well also foun Read More »
Facebook showcased its commitment to Nigerian content companies and developers at Social Media Week in Lagos Feb. 22 to Feb. 26. Social Media Week Lagos is Africa's largest technology, new media and business conference. Facebook offered master classes and workshops as well as a day dedicated to assisting Nigerian developers on growth hacking and designing social applications. Read More »
VAALCO Energy Inc. recently announced changes in its finances. VAALCO is an independent energy company. Much of its oil comes from Gabon, Angola and Equatorial Guinea -- all of which are located in West Africa. Though VAALCO's borrowing base had been set at $20.1 million in December 2015, that amount has since been redefined due to the decrease in oil prices. Read More »
Global payment company Visa Inc. announced Tuesday that it is opening an office in Côte D'Ivoire. This expansion is part of Visa's strategy with the World Bank Group to provide universal financial access and electronic payment accounts to 500 million people by the end of 2020. Visa is working with several government representatives and local organizations to establish its new office. Read More »
Alpha Diallo is planning a tour throughout West Africa as the company spreads its operations throughout the continent to simplify the accessibility of public services to citizens. On Time International will use technical support to speed and simplify various services to allow authorities to spend more time and energy on strategic and sovereign missions in their states. Read More »
An emergency arbitrator has partially granted and denied emergency relief measures requested by SCS Corp. for a dispute with multinational oil and gas exploration companies Tullow Guinea Ltd. and Dana Petroleum Ltd. SCS, an oil and gas exploration company, filed action in the United States District Court for the Southern District of Texas on Jan. 8. Read More »
To prevent debit and credit card fraud for West African users, representatives from Visa Business School is hosting a three-day fraud prevention workshop in Dakar, Senegal. Topics being covered at the workshop, which was attended by 17 banks, included the latest technology in debit and credit cards and best practices for using them as well as fraud trends and how to detect them. Read More »
The Port of Houston Authority in Texas achieved a milestone Friday, with its inaugural regular direct container service to West Africa from the authority's Barnours Cut Container Terminal. The Port of Houston Authority is the largest container port in the U.S. Gulf of Mexico; its workers handle approximately two-thirds of all the gulf's container traffic. The carrier used for the historic launch was Grimaldi Lines. Read More »
Technology use in the West African nation of Nigeria is growing rapidly as is evidenced by recent statistics, showing that 16 million in Nigeria visit Facebook each day. Facebook officials recently visited Nigeria to find out how people were using the site and what would make it better for them; already, 100 percent of Nigerian users access Facebook via the site's mobile app. Read More »
Businesses in Ghana and Nigeria received help from Facebook Tuesday. The company held a discussion with local business owners in Accra to show local businesses how Facebook can help them grow their brands. Facebook officials pointed out several Ghanaian and Nigerian businesses that have already had success employing Facebook as a tool for their marketing strategy. Read More »
African capital markets experienced some hard times in 2015, according to PwC "2015 Africa Capital Markets Watch" released Monday. The report includes studies of equity and debt capital market transactions that took place between 2011 and 2015 on exchanges across Africa; it also looks at transactions completed by African corporations using international exchanges. Read More »
Kosmos Energy of Dallas, Texas, announced a significant gas discovery from one of its exploration areas offshore in Senegal Wednesday. The discovery site is in about 2,700 meters of water. Guembeul-1 was drilled to about 5,245 meters. The site has been found to have reservoir continuity and static pressure communication indicative of a single, large gas accumulation. Read More »
Hyperdynamics Corp. and its subsidiary, SCS Corp., leveled lawsuits against Tullow Guinea Ltd. and Dana Petroleum Monday, alleging Tullow and Dana did not follow through on the terms of a JOA. Hyperdynamics also claims that officials of the companies have refused to sign a production sharing contract with Guinea connected to a well-drilling project in offshore Guinea. Read More »
An offshore Guinea oil and gas exploration project led by Hyperdynamics Corp. is at a standstill after project participants Tullow Guinea Ltd. and Dana Petroleum recently refused to meet obligations or sign pertinent documents necessary to move the project forward. The project carries a September 2015 deadline. Up to this point, all work programs and budgets had been approved. Read More »
Two multi-million-dollar contracts have been awarded to ITC Global to provide remote offshore communications to five floating vessels off the coast of West Africa that are owned by European oil and gas companies, ITC said on Monday. Read More »
Yves-Louis Darricarrère has been appointed to Kosmos Energy's board of directors, Kosmos said recently. Read More »