Category: Benin
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African offshore oil field set to come online by month-end
African offshore oil field set to come online by month-end Akrake Petroleum, a wholly-owned subsidiary of Lime Petroleum Holding, which is an 89.74% subsidiary of Singapore’s Rex International Holding, is planning to start oil production from an oil field off the coast of Benin by the end of January 2026. The post African offshore oil…
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Drilling ops run into technical glitches, postponing production start-up
Drilling ops run into technical glitches, postponing production start-up Akrake Petroleum, a wholly-owned subsidiary of Lime Petroleum Holding, which is an 89.74% subsidiary of Singapore’s Rex International Holding, has encountered technical difficulties during its drilling activities at a field off the coast of Benin. The post Drilling ops run into technical glitches, postponing production start-up…
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Flag-hopping hits extreme levels
Flag-hopping hits extreme levels The monthly publication of Clarksons Research’s World Fleet Monitor increasingly shows data that reflects the extraordinary geopolitical challenges and machinations that shipping has to navigate in 2025. With flag-hopping becoming standard operating procedure for the shadow – or parallel – fleet, monthly changes in registry numbers have never been so extreme…
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Oil & gas ramp-up: Start-up of African field on track as drilling ops in Benin and Norway continue
Oil & gas ramp-up: Start-up of African field on track as drilling ops in Benin and Norway continue Lime Petroleum, a subsidiary of Rex International Holding, is making inroads in its quest to boost hydrocarbon production by pursuing drilling activities off the coasts of Benin and Norway and progressing its conversion of a mobile offshore…
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Borr Drilling jackup scores 120-day contract in Benin
Borr Drilling jackup scores 120-day contract in Benin Lime Petroleum, a subsidiary of Singapore-based Rex International, has hired a Borr Drilling-owned jackup rig for work off Benin. The oil and gas player signed a deal with a Borr Drilling subsidiary for the Gerd jackup, which will be used to work for 120 days. The rig…