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Yinson seals Nigeria FPSO deal worth up to $902m

Malaysian floater player to supply local independent First E&P with unit to exploit Anyala and Madu fields Malaysia’s Yinson Holdings has firmed up a deal to provide Lagos-based independent First E&P with a floating production, storage and offloading unit off Nigeria. The long-term deal will see Yinson deploy an FPSO, to be named Abigail-Joseph, on the Anyala field to exploit…



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Egypt dangles incentives to draw more oil, gas investors

CAIRO (Bloomberg) -- Egypt is finalizing details of a new type of oil and gas contract to attract even more foreign investment than the $10 billion already coming into its energy industry this year. The contract will provide investors with incentives to explore for fossil fuels in undeveloped areas, Egypt’s oil minister Tarek El-Molla said in an interview. He didn’t provide…

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