Challenger Limited, a prominent provider of contract oil, gas and
water land drilling and work-over services, has over 15 years experience
in providing services to major and independent oil and gas companies.
Over that period of time, Challenger Limited has been operating in;
Libya, Egypt, Tanzania, Gabon, and the Republic of Niger. The company
has a strong client base, including nearly all state-owned and major oil
companies in Libya, as well as International players such as Agip/Eni,
Total, Marathon, IPL, Veba and Verenex Energy.
Mr. Hassan Tatanaki, Chairman of Challenger Limited, declared that " In view of the
vast opportunities of high growth in the MENA region, we along with our
partners have decided to go into partnership with one of the
best-regarded companies in the oil drilling industry; namely Bronco
Drilling Company. This partnership will energize and undoubtedly
increase our capacity to expand Challenger activities in both scope and
scale. This was based on our full confidence and faith in the investment
model and general direction". Mr. Tatanaki said that "This transaction
shows that the growing cooperation amongst Libya, the U.S., and the
Middle East, is creating an attractive investment environment for U.S.
and International companies". continue reading
Thursday, September 4, 2014
Thursday, August 28, 2014
Al-Azhar plans satellite television channel about Islam
Dressed in his robe and turban, Sheikh Khaled Al-Guindy sits in the
plush offices of the main benefactor of his new satellite television
channel and speaks about how modern technology can be turned to service
for Islam. The al-Azhar scholar, who in 2000 launched a phone-in
service for Muslims seeking religious guidance,
is one of the founders of Azhari, a 24-hour channel due to launch on
the first day of the Muslim holy month of Ramadan, which this year will
start in mid-August.
The channel will be broadcast on both main satellite channels operating in Egypt and will be accessible worldwide. It will initially transmit in Arabic with some English and French programming and there are plans to add content later in Urdu and Turkish. Azhari received its initial 15 million Egyptian pounds funding from a Libyan businessman and philathropist, Hassan Tatanaki.
Guindy told Reuters the plan really got going about a month ago, when he officiated at the wedding of Tatanaki’s daughter. “The father of the bride and I forgot completely about that wedding and started to talk about a new wedding, about how to introduce this new channel to the rest of the world,” he said.
Guindy is hopeful that a new age, which he dubs the Age of Obama, is dawning in which a dialogue between Islam and the West will flourish. And he hopes his channel will play an important role in that conversation. Yet for all his modern touches, Guindy retains a deeply traditional side. He preferred to conduct our interview not in English or everyday modern Arabic, but in precise classical Arabic.
The channel will be broadcast on both main satellite channels operating in Egypt and will be accessible worldwide. It will initially transmit in Arabic with some English and French programming and there are plans to add content later in Urdu and Turkish. Azhari received its initial 15 million Egyptian pounds funding from a Libyan businessman and philathropist, Hassan Tatanaki.
Guindy told Reuters the plan really got going about a month ago, when he officiated at the wedding of Tatanaki’s daughter. “The father of the bride and I forgot completely about that wedding and started to talk about a new wedding, about how to introduce this new channel to the rest of the world,” he said.
Guindy is hopeful that a new age, which he dubs the Age of Obama, is dawning in which a dialogue between Islam and the West will flourish. And he hopes his channel will play an important role in that conversation. Yet for all his modern touches, Guindy retains a deeply traditional side. He preferred to conduct our interview not in English or everyday modern Arabic, but in precise classical Arabic.
INTERVIEW - Egypt's al-Azhar to launch Islamic TV channel
CAIRO:
In a bid to bridge cultural gaps and clear misconceptions about Islam,
Azhari TV is reaching out to a wider audience and is now available in
English, French, Urdu and Pashto in addition to its original Arabic
language programming.
Azhari TV was first launched following US President Barack Obama's address to the Muslim World in June 2009 where he called for a dialogue based on mutual respect and understanding between people of different faiths.
One year later, Azhari TV, the educational and entertainment satellite channel created to promote moderate Islam, has decided to expand.
“[Through Azhari TV] we're trying to show the people in the west and the rest of the world that the problem isn't in Islam but it's the misinterpretations by certain people that's the problem,” said Hassan Tatanaki, chairman of Azhari TV, in an interview with Daily News Egypt. read more>>
Azhari TV was first launched following US President Barack Obama's address to the Muslim World in June 2009 where he called for a dialogue based on mutual respect and understanding between people of different faiths.
One year later, Azhari TV, the educational and entertainment satellite channel created to promote moderate Islam, has decided to expand.
“[Through Azhari TV] we're trying to show the people in the west and the rest of the world that the problem isn't in Islam but it's the misinterpretations by certain people that's the problem,” said Hassan Tatanaki, chairman of Azhari TV, in an interview with Daily News Egypt. read more>>
Al-Azhar plans satellite television channel about Islam
The channel will be broadcast on both main satellite channels
operating in Egypt and will be accessible worldwide. It will initially
transmit in Arabic with some English and French programming and there
are plans to add content later in Urdu and Turkish. Azhari received
its initial 15 million Egyptian pounds funding from a Libyan
businessman and philathropist, Hassan Tatanaki.
Guindy told Reuters the plan really got going about a month ago, when he officiated at the wedding of Tatanaki’s daughter. “The father of the bride and I forgot completely about that wedding and started to talk about a new wedding, about how to introduce this new channel to the rest of the world,” he said.
Guindy is hopeful that a new age, which he dubs the Age of Obama, is dawning in which a dialogue between Islam and the West will flourish. And he hopes his channel will play an important role in that conversation. Yet for all his modern touches, Guindy retains a deeply traditional side. He preferred to conduct our interview not in English or everyday modern Arabic, but in precise classical Arabic.
Source: http://in.reuters.com/article/2009/05/31/idINIndia-39998720090531
Guindy told Reuters the plan really got going about a month ago, when he officiated at the wedding of Tatanaki’s daughter. “The father of the bride and I forgot completely about that wedding and started to talk about a new wedding, about how to introduce this new channel to the rest of the world,” he said.
Guindy is hopeful that a new age, which he dubs the Age of Obama, is dawning in which a dialogue between Islam and the West will flourish. And he hopes his channel will play an important role in that conversation. Yet for all his modern touches, Guindy retains a deeply traditional side. He preferred to conduct our interview not in English or everyday modern Arabic, but in precise classical Arabic.
Source: http://in.reuters.com/article/2009/05/31/idINIndia-39998720090531
Challenger Limited announces the closing of a major international partnership deal
Challenger
Limited announced today that it has reached a definitive agreement with
Bronco Drilling Company, Inc. whereby Bronco acquires a significant
stake in Challenger Limited in return for a combination of in-kind and
cash contributions from Bronco. The Challenger shares acquired by Bronco
are all newly-issued and will amount to 25% of Challenger's total
issued and outstanding shares on fully diluted basis.
Bronco's in-kind contribution consists of six, different-capacity, land drilling rigs and ancillary equipment. Five of the contributed drilling rigs come from Bronco's existing marketed fleet and one rig is newly constructed by Bronco for the purpose of this transaction. This major partnership deal between Challenger and Bronco comes only one year after Venture Capital Bank (VC Bank), a Bahrain-based Islamic investment bank, and its partner, the US private equity firm Global Emerging Markets (GEM), made a sizable private equity investment in the MENA-based oil drilling contractor.
Challenger Limited is a company incorporated and organized under the laws of the Isle of Man, with branch offices in Libya, Egypt, and UAE, and a subsidiary company in Saudi Arabia. Challenger Limited currently owns and operates a premium fleet of 23, different-capacity, land drilling and work-over rigs, which at the moment, are all contracted for operations in Libya.
Challenger Limited, a prominent provider of contract oil, gas and water land drilling and work-over services, has over 15 years experience in providing services to major and independent oil and gas companies. Over that period of time, Challenger Limited has been operating in; Libya, Egypt, Tanzania, Gabon, and the Republic of Niger. The company has a strong client base, including nearly all state-owned and major oil companies in Libya, as well as International players such as Agip/Eni, Total, Marathon, IPL, Veba and Verenex Energy.
Mr. Hassan Tatanaki, Chairman of Challenger Limited, declared that " In view of the vast opportunities of high growth in the MENA region, we along with our partners have decided to go into partnership with one of the best-regarded companies in the oil drilling industry; namely Bronco Drilling Company. This partnership will energize and undoubtedly increase our capacity to expand Challenger activities in both scope and scale. This was based on our full confidence and faith in the investment model and general direction". Mr. Tatanaki said that "This transaction shows that the growing cooperation amongst Libya, the U.S., and the Middle East, is creating an attractive investment environment for U.S. and International companies". read more >>
Bronco's in-kind contribution consists of six, different-capacity, land drilling rigs and ancillary equipment. Five of the contributed drilling rigs come from Bronco's existing marketed fleet and one rig is newly constructed by Bronco for the purpose of this transaction. This major partnership deal between Challenger and Bronco comes only one year after Venture Capital Bank (VC Bank), a Bahrain-based Islamic investment bank, and its partner, the US private equity firm Global Emerging Markets (GEM), made a sizable private equity investment in the MENA-based oil drilling contractor.
Challenger Limited is a company incorporated and organized under the laws of the Isle of Man, with branch offices in Libya, Egypt, and UAE, and a subsidiary company in Saudi Arabia. Challenger Limited currently owns and operates a premium fleet of 23, different-capacity, land drilling and work-over rigs, which at the moment, are all contracted for operations in Libya.
Challenger Limited, a prominent provider of contract oil, gas and water land drilling and work-over services, has over 15 years experience in providing services to major and independent oil and gas companies. Over that period of time, Challenger Limited has been operating in; Libya, Egypt, Tanzania, Gabon, and the Republic of Niger. The company has a strong client base, including nearly all state-owned and major oil companies in Libya, as well as International players such as Agip/Eni, Total, Marathon, IPL, Veba and Verenex Energy.
Mr. Hassan Tatanaki, Chairman of Challenger Limited, declared that " In view of the vast opportunities of high growth in the MENA region, we along with our partners have decided to go into partnership with one of the best-regarded companies in the oil drilling industry; namely Bronco Drilling Company. This partnership will energize and undoubtedly increase our capacity to expand Challenger activities in both scope and scale. This was based on our full confidence and faith in the investment model and general direction". Mr. Tatanaki said that "This transaction shows that the growing cooperation amongst Libya, the U.S., and the Middle East, is creating an attractive investment environment for U.S. and International companies". read more >>
Libya Needs $25 Billion in Investments for Oil Production, Challenger Says
Libya’s oil industry will need at
least $25 billion in investment to increase its oil production
to 2 million barrels a day, the chairman of drilling-rig
operator Challenger Ltd. said.
“Fields need to be developed, others redeveloped,” Hassan Tatanaki said in a telephone interview today. “The Libyan oil industry needs a lot of revamping. We have to reinvest to be able to get the proper cost effective amount into the industry in terms of the country’s production level.”
The armed conflict in Libya, holder of Africa’s largest proven reserves, has reduced the nation’s output to 100,000 barrels a day in July from the 1.6 million barrels pumped before the uprising started in February. A full recovery of production may take as long as three years, according to analyst estimates.
Tatanaki, 53, said he intends to play a role in rebuilding Libya’s oil industry, of which Challenger’s 35 rigs across the country “are the core.” His Libya El Hurra charity, set up shortly after the unrest began, has been providing humanitarian aid and relief to refugees and those displaced by the conflict in Libya operating out of Egypt, Tunisia, Libya and the U.S. read more>>
“Fields need to be developed, others redeveloped,” Hassan Tatanaki said in a telephone interview today. “The Libyan oil industry needs a lot of revamping. We have to reinvest to be able to get the proper cost effective amount into the industry in terms of the country’s production level.”
The armed conflict in Libya, holder of Africa’s largest proven reserves, has reduced the nation’s output to 100,000 barrels a day in July from the 1.6 million barrels pumped before the uprising started in February. A full recovery of production may take as long as three years, according to analyst estimates.
Tatanaki, 53, said he intends to play a role in rebuilding Libya’s oil industry, of which Challenger’s 35 rigs across the country “are the core.” His Libya El Hurra charity, set up shortly after the unrest began, has been providing humanitarian aid and relief to refugees and those displaced by the conflict in Libya operating out of Egypt, Tunisia, Libya and the U.S. read more>>
$25b needed to boost crude output
Tripoli: Libya's oil industry will need at
least $25 billion (Dh91.8 billion) in investment to increase its oil
production to two million barrels a day, said the chairman of
drilling-rig operator Challenger Ltd.
"Fields need to be developed, others redeveloped," Hassan Tatanaki
said in a telephone interview on Friday. "The Libyan oil industry needs a
lot of revamping. We have to reinvest to be able to get the proper cost
effective amount into the industry in terms of the country's production
level."
The armed conflict in Libya, holder of Africa's largest proven
reserves, has reduced the nation's output to 100,000 barrels a day in
July from the 1.6 million barrels pumped before the uprising started in
February. A full recovery of production may take as long as three years,
according to analysts' estimates.
Tatanaki, 53, said he intends to play a role in rebuilding Libya's
oil industry, of which Challenger's 35 rigs across the country "are the
core".
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