Africa
APM Terminals on Right Track
APM Terminals, the leading global port operator based in The Hague, is currently present in 12 out of the top 20 countries predicted by United Nations to become the biggest countries by population in 2020. “In 2013, APM Terminals invested over USD 1 billion in port infrastructure developments and up
Top News of the Week February 24 – March 1, 2014
First Ultra Deepwater Drillship Delivered to Maersk Maersk Drilling has taken delivery of its first ultra deepwater drillship, Maersk Viking, from the Samsung Heavy Industries (SHI) shipyard in Geoje-Si, South Korea. Maersk Viking has started its voyage to the US Gulf of Mexico where it will commenc
Most popular articles of the week Feb. 24 – Mar. 2
Most popular articles of the week Feb. 24 – Mar. 2
Top News – February 24 to March 2, 2014
DEME Delivers Strong 2013 Results In 2013, DEME reached a turnover of EUR 2.53 billion in 2013. Compared to the previous year, this represents an increase of 32% and a record turnover. Australia: Port of Melbourne Maintenance Dredging Kicks Off Port of Melbourne Corporation yesterday commenced mai
Fairmount Marine Tows ENSCO Rig to Singapore
Fairmount Marine has safely delivered rig ENSCO 5002 in Singapore. The rig was towed from Rio de Janeiro, Brazil, via Cape Good Hope, by tug Fairmount Expedition. ENSCO 5002 is a 1975 built 70 meters long and 61 meters wide semi-submersible drilling rig. The rig can accommodate up to 110 persons and
OPV ‘Tornado’ Assists Iranian Boat in Distress
The OPV ‘Tornado’, integrated into the European Union operation ‘Atalanta’ fighting piracy in the Indian Ocean, has assisted an Iranian dhow-type boat sailing adrift for lack of fuel and with scarce food. The Spanish Navy warship was patrolling the IRTC (Internationally Recommended Transit Corridor)
Cobalt makes fifth consecutive discovery offshore Angola
Cobalt has announced that the Orca #1 deepwater pre-salt exploratory well in Block 20, offshore Angola, has reached total depth and has resulted in the company’s fifth consecutive pre-salt discovery in Angola’s Kwanza basin. Initial analysis indicates that Orca has a resource potential of between 40
Vaalco misses target offshore Gabon
VAALCO Energy, Inc. today said that the exploration well in the Dimba prospect, located approximately seven miles northeast of the Etame field offshore Gabon, has been drilled to a total depth of 3,040 meters. Electric log data indicates that the estimated recoverable reserves are uneconomic at this
CHEC Enters Cameroonian Dredging Market
CHEC has recently won the bid for the channel dredging project of Port of Douala in Cameroon, with a contract value of some 28 million euros and a construction period of 24 months. This is the first project signed by the Central Africa Regional Management Center in 2014. As Cameroon’s largest port a
Plexus gets 3 year contract with AGR for POS-GRIP wellhead technology
Plexus Holdings PLC, has agreed a new three year contract with AGR Well Management Limited. Under the Contract, Plexus will supply both its standard pressure and High Temperature/ High Pressure (‘HPHT’) POS-GRIP® wellhead technology and mudline services to AGR for oil and gas exploration activities
APM Terminals Achieves Increased Profit in 2013
APM Terminals has announced its 2013 business results and delivered an increased profit of USD 770m and a return on invested capital of 13.5% (15.2%), reflecting improved underlying performance but also a higher asset base due to the continued high investment level. The expansion into high growth ma
Plexus Awarded New Three-Year Contract with AGR
Plexus Holdings PLC (Plexus) secured a new three-year contract with drilling and engineering company AGR Well Management Limited (‘AGR’). Under the Contract, Plexus will supply both its standard pressure and High Temperature/ High Pressure (‘HPHT’) POS-GRIP® wellhead technology and mudline services