Aminex plc’s sale to Solo of up to 13% in the Kiliwani North Development License (KNDL) in Tanzania for a total consideration of $7 million is complete and now only requires written approval from the Tanzanian authorities, following which a formal Deed of Assignment will be executed. The KNDL contains the Kiliwani North 1 (KN1) […]

The In Amenas natural gas plant is expected to see its production to return to full capacity in early-2015 according to the country’s energy minister, Youcef Yousfi. The plant was shut in during January 2013 following an attack by militants that left 40 workers dead. In September Statoil, one of the partners on the In […]

SBM Offshore NV has settled a bribery case with Dutch prosecutors for $240 million including a $40,000 fine.  The case revolved around the actions of its sales agents actions in several countries, including Angola and Equatorial Guinea. The settlement with authorities ends the over two-year long investigation into improper payments to government officials between 2007 […]