Groupe Filatex ups ambition in Madagascar and beyond
Groupe Filatex is a Madagascan company that has plans to be a leading light in Africa’s renewable energy sector.
Guinea
Profits jump as Exceed injects impetus into overseas expansion
Well management firm Exceed Energy has enjoyed at jump in profits after injecting fresh impetus to its overseas expansion ambitions.
TGS to launch new seismic work off Guinea
TGS said it will acquire more than 11,500 km of 2D seismic data in the Republic of Guinea, Guinea Bissau and Senegal.
Hyperdynamics files legal action against Tullow and Dana
Hyperdynamics Corporation said it has filed legal action against its partners under the Joint Operating Agreement governing the oil and gas exploration rights offshore Guinea. The company’s subsidiary, SCS corporation, has also filed parallel actions in the US District Court for the Southern District of Texas and before the American Arbitration Association against Tullow Guinea Ltd.
Equatorial Guinea signs MOU for storage tank farm
Equatorial Guinea has signed a Memorandum of Understanding (MOU) with three companies to build a crude oil and petroleum products storage tank farm on Bioko Island. The Ministry of Mines, Industry and Energy said the oil terminal will incorporate a significant amount of crude oil storage space as well as storage for associated petroleum products. It will service the Gulf of Guinea region and facilitate the processing and export to consumers both in the region and globally.
Hyperdynamics agrees settlement deal, pays fine to SEC
Hyperdynamics Coporation has agreed a settlement deal with the US Securities and Exchange Commission (SEC) regarding an investigation into improper payments made by a subsidiary working in Guinea. The SEC had issued a subpoena to the Houston-based company concerning possible violations of the Foreign Corrupt Practices Act (FCPA).