Metalex announces drilling progress on large Angolan kimberlite

Metalex Ventures Ltd. report the completion of the fourth core hole and progress on the fifth hole drilled into the large (approximately 24 hectare) kimberlite discovery reported in the news release of April 1, 2009. The fourth hole was drilled at the same site as the vertical hole 3 inclined (-55 degrees) towards the first two core holes located 283 meters distant at a bearing of 158 degrees. Hole... 

Cobalt International Energy and Sonangol Forge Major Partnership

Cobalt International Energy, L.P. and Sonangol, E.P. jointly announced the formation of a major partnership in the deepwater Gulf of Mexico and the deepwater offshore Angola. Cobalt will assign 25% of its working interest in 11 Gulf of Mexico deepwater leases to the U.S. subsidiary of Sonangol P&P, Sonangol Exploration and Production International Ltd. Additionally, Cobalt and Sonangol have agreed... 

Tag: sonangal acquire cobalt international energy l p, sonangol exploration production international ltd, angola offshore partnership, sonangol investment, west africa cobalt miners

Gilla Discovers Anomalous Gold Values in Angola

Gilla Inc., a Nevada based mineral-property development company, announce that the 2008 exploration stream sediment sampling program returned anomalous gold values on its 199 km2 Salutar Comercio Prospecting Licence (“PL”) in the Province of Cabinda, Angola. Predominantly metasedimentary lithologies of Pre-Cambrian age of the Mayombe tectonic system underlie the PL. The stream sediment... 

Tag: phosphate mine angola, anomalous values mean plus two standard deviation, rare earth elements exploration stream sediment sampling, anomalous gold samples, salutar comerico mining

Technip to Expand Its Subsea Umbilicals Facility in Angola

Technip confirms the expansion of its state-of-the-art Angoflex umbilical* manufacturing plant in Lobito, Angola to meet growing demand for longer length and larger diameter products on the West African market. Established in 2002, Angoflex is a joint venture between Technip and the Angolan national oil company Sonangol. On December 15, Bernard Di Tullio, Technip’s Chief Operating Officer, launched... 

Tag: e mail bernard di tullio, angoflex umbilical, dande spoolbase, subsea underground pipeline installation, scomi

Acergy S.A. Awarded $250 Million Contract in Angola

Acergy S.A. announced the award from Angola LNG Limited of a contract for the development of the nearshore/onshore segment of the pipeline network required for the transportation of gas from Blocks 0, 14, 15, 17 and 18 to Angola LNG’s plant in Soyo, Angola. Angola LNG Limited’s shareholders are affiliates of Chevron, Sonangol, BP, Total and ENI. The contract awarded to a consortium of... 

Tag: angola hawk acergy, acergy soyo, acergy angola s a, acergy em angola, pipeline acergy soyo angola

SDRL – Seadrill secures new long-term tender rig contract in West-Africa

Seadrill has been awarded a new contract by Cabinda Gulf Oil Company Ltd (Chevron) for development drilling offshore Angola with the semi-tender rig West Berani II, which is currently under construction. The contract has a duration of five years with commencement in the first quarter 2010, subsequent to delivery from the yard. Estimated contract value is approximately US$378 million, including mobilization,... 

Tag: seadrill oil gas vagas, sdrl, rig tenders definition, seadrill vagas cabinda, seadrill angola

ExxonMobil Enters Black Sea with Exploration Agreement in Turkey

Exxon Mobil Corporation announced today its affiliate, ExxonMobil Exploration and Production Turkey B.V., has signed an agreement with Turkish national oil company, Türkiye Petrolleri Anonim Ortakl??? (TPAO), to explore in two large deepwater blocks offshore Turkey, marking ExxonMobil’s entry into Black Sea exploration. ExxonMobil will become operator during the initial exploration phase and earn... 

Tag: mining investment in turkey, philippines oil exploration permits, greenland mining ceo, exxonmobil philippines stocks exchange, list of exploration companies operating in the philippines

Marathon Completes Sale of Its Interests in Heimdal Area Offshore Norway

Marathon Oil Corporation announced the completion of the sale of its non-operated interests in the Heimdal infrastructure, related producing fields and associated undeveloped acreage offshore Norway. Centrica plc, the parent company of British Gas, acquired the interests for a total value of $416 million, which includes a $375 million purchase price and $41 million in associated Norwegian asset tax... 

Marathon Board Approves Deepwater Gulf of Mexico Droshky and Ozona Development Projects

Marathon Oil Corporation announced that its Board of Directors has sanctioned two Gulf of Mexico development projects, Droshky and Ozona. The Board approved a total project cost of $1.3 billion for the Droshky development and $300 million for the Ozona development. “As we continue to strengthen Marathon’s Gulf of Mexico portfolio, the Droshky development will add profitable production and... 

Tag: marathon gulf of mexico platforms, droshky oil field development gulf of mexico, droshky gulf of mexico, ozona project, droshky deep water development marathon

Firm Advises Sonangol in $7 Billion Natural Gas Transaction

The global law firm of Thompson & Knight has assisted Sonangol, the state-owned oil company of Angola, in a transaction for one of the world’s largest integrated natural gas projects. Under terms of the deal, Sonangol’s Sonagas unit and Chevron Corp., together with their European partners Total SA, BP PLC, and Eni SpA, have agreed to invest more than $7 billion in a new liquefied natural gas...