Having originally offered $6 million to buy the Texan junior's Guinean assets, CLNG will only need to fork out a mere $500,000. [...]
According to our information, a few days ago representatives of Hong Kong based China LNG Corp (CLNG) reportedly met with [...]
Texan junior Hyperdynamics¸ which made the decision to file for [...]
Total paid a hefty price for not showing more daring in East Africa, finding itself forced to buy Tullow Oil's assets in Uganda and Maersk Oil's stakes in Kenya. To avoid being roped into another costly operation, the French major [...]
The disappointing drilling results on the Guinean offshore Fatala-1 well [...]
The Fatala-1 well has turned out to be dry, which will likely send its operators into a deep crisis and generate poor publicity for the Guinean basin. [...]
Despite the brutal crackdown on demonstrators that left around 150 dead on Sept. 28 and the attempted assassination of the head of the Guinea’s military regime, Moussa Dadis Camara, in late November, nothing seems to deter Western oil companies from [...]
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