Africa
Ophir Completes Stake Sale in Tanzanian Blocks
Ophir Energy said it has finalized a deal to sell a 20% interest in Tanzanian Blocks 1, 3 and 4 to Pavilion Energy. The company has received cash of US$1,255 million reflecting the purchase price consideration of US$1,250 million plus a completion adjustment of US$5 million to reflect interest and w
Most popular articles of the week, March 17 – 23, 2014
Read about world’s largest offshore cranes, state-of-the art vessels, subsea pipelines, deepwater discoveries, corporate takeovers….
Top News – March 17 to 23, 2014
Panama Canal Expansion Program Update – March 2014 (VIDEO) The Panama Canal expansion project will double the capacity of the Panama Canal by 2015 by creating a new lane of traffic and allowing more and larger ships to transit. Maldives: Boskalis Wins Massive Land Reclamation Deal A contract signi
Wallingford Supports Development of LNG Import Terminal in Ghana
UK-based maritime engineering consultants HR Wallingford are supporting Quantum Power’s development of an offshore liquefied natural gas (LNG) import and regasification facility at Tema, Ghana. The facility will include a floating storage and regasification unit with transfer from conventional LNG c
VIDEO: Boskalis Introduces Its 2014-2016 Strategy
Royal Boskalis Westminster N.V. has defined a strategy for the period 2014-2016 based on three elements. These elements are: Focus, Expand and Strengthen. “It is our goal to further expand our company. Identifying opportunities for growth starts with understanding current market developments. We foc
Picture of the Day: LNG Terminal in Egypt
The Egyptian LNG facilities, located at Idku, comprise two LNG production trains and include the common facilities such as storage tanks, loading jetty and utilities. Egyptian LNG Company owns both the Egyptian LNG site and common facilities. Its sister company, The Egyptian Operating Company for Na
Panoro: Aje FDP gets approval (Nigeria)
Panoro Energy ASA has announced that a Field Development Plan (FDP) to develop the Aje Field has been approved by the Department of Petroleum Resources (DPR) in Nigeria.
Ophir Energy to make Block R FID in 2015. FLNG deal looming
Ophir Energy is pressing ahead with FLNG development of its natural gas field in Equatorial Guinea. The company today revealed that it expects to make the Final Investment Decision for the development of its Block R, offshore E. Guinea, in 2015. Ophir has an 80% operated interest in Block R to the w
JOGMEC, Partners Conduct Mozambique Gas Utilization Study
At the “Mozambique – Japan Investment Forum” in Maputo, attended by Japanese Prime Minister Shinzo Abe and President of Mozambique Armando Guebuza, JOGMEC, ENH and MITSUI signed a JSA to apply JAPAN-GTL process with the aim of the utilization of the gas produced from offshore Mozambique. JOGMEC and
Oil firms hire XPD8 Solutions for monitoring services
Asset integrity management specialist XPD8 Solutions has secured contracts worth a combined £4million for work in the North Sea and Africa and boosted its senior management team. The Aberdeen-based company has added contracts to its order book for condition monitoring services, taking it through to
Circle Oil: Mahdia drilling imminent (Tunisia)
Circle Oil Plc, the international oil and gas exploration, development and production company, has announced the operational update on Mahdia Block, offshore Tunisia. Plans are well advanced for the drilling of the Mahdia commitment well with long lead items prepared for shipment, main and sub contr
DP World Delivers Strong 2013 Results
Global marine terminal operator DP World today announced strong financial results from its global portfolio of marine terminals for the twelve months to 31 December 2013, delivering profit attributable to owners of the Company before separately disclosed items of $604 million, 26.6% ahead of last ye