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Bechtel Selected to Deliver Major Petrochemicals Project in Egypt

Bechtel, a global leader in engineering, procurement, and construction, announced today that the company has been awarded two contracts by Carbon Holdings of Egypt: one to provide project management services for the Tahrir Petrochemicals Complex at Ain Sokhna, Egypt, and one to build two new polypropylene units at an adjacent site. In its project management role, Bechtel will have oversight of project execution and contractor performance on what will be the largest petrochemicals complex in Egypt.

Hyperdynamics, SAPETRO and the Republic of Guinea Sign Third Amendment to the Production Sharing Contract

Hyperdynamics Corporation (OTCQX:HDYN) today announced that its wholly owned subsidiary, SCS Corporation Ltd. ("SCS"), South Atlantic Petroleum ("SAPETRO") and the Government of the Republic of Guinea have executed a Third Amendment to the 2006 Production Sharing Contract ("PSC"). The Third Amendment will become effective on the date it is approved by Decree of the President of the Republic of Guinea.

New MD of Engen Mauritius has an impressive African track record

Ivorian-born Adama Soro arrived in Mauritius in 2016 to take the helm as the new Managing Director of Engen on the island. Having previously been assigned to head up Engen Rwanda (2008-2011), before taking over as MD of Engen Gabon (2011-2016), Soro has valuable experience in the distribution and marketing of oil and gas products to go with his obvious appetite for raising the bar: Engen Rwanda and Engen Gabon both achieved Engen ‘Affiliate of the Year’ awards under his direction.

Leading South Africa B-BBEE petroleum company Masana brings on new investors to the table

Masana Petroleum Solutions has completed a transaction with a new Broad Based Black Economic Empowerment (B-BBEE) consortium that will see the new partners acquire a 35% stake in the business after two of its founding shareholders exercised their right to realise their value in the company.

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