CAMAC Energy Inc. saw the completion of a competent person’s report assessing reserves, and contingent and prospective resources associated with its assets. The report was prepared by Gaffney, Cline & Associates Ltd. (GCA), an independent energy consultancy specializing in petroleum asset evaluation and economic analysis.  GCA assessed the petroleum interests owned by CAMAC Energy offshore Nigeria, Kenya, […]

Release Sustained and Significant Growth in Demand Forecast for Offshore Maintenance, Modifications and Operations Services In 2013, demand for offshore maintenance, modifications and operations services totalled $112 billion (bn) for the world’s nearly nine thousand offshore platforms. The new edition of Douglas-Westwood’s World Offshore Maintenance, Modifications & Operations Market Forecast analyses the demand for services […]

VAALCO Energy will finally get moving offshore Angola after a long delay. The company reported on December 6 that it had received written confirmation from Angola’s Ministry of Petroleum that the available 40% working interest in Block 5, offshore Angola, has been assigned to Sonangol E.P., the national concessionaire. The ministry also confirmed that Sonangol […]