Africa
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. Ebitda increased by 25% to EUR 437.8 million, and net profit amounted to EUR 109.1 million, an increase of 22% compared to 2012. The order book – wel
Petronas in Algeria LNG Talks
Petronas of Malaysia is reportedly in advanced negotiations to purchase 18 LNG cargoes from Algeria over a three-year period. The company is readying to take delivery of four to six LNG cargoes per annum from Algeria under the proposed deal, Reuters reported Algeria has also recently sold one or two
New Super Puma helicopters to serve Angola’s oil and gas sector
Milestone Aviation Group, a helicopter leasing company, and SonAir, the largest African helicopter operator and a subsidiary of the Angolan national oil company Sonangol, announced that three of Milestone’s record order for 30 of Airbus Helicopters’ EC225s will begin performing airlift duties for An
ICS Chairman Praises IMO Efficiency at World Ocean Summit
ICS Chairman, Masamichi Morooka, addressed delegates at the World Ocean Summit organised by The Economist magazine in San Francisco, on 25 February, following a key note speech by US Secretary of State, John Kerry, and a video presentation by HRH Prince Charles (of the United Kingdom). In response t
Russian Maritime Register of Shipping Inks Survey Agreement with RSA MA
Russian Maritime Register of Shipping (RS) has been authorised to carry out statutory surveys of ships flying the flag of the Republic of South Africa (RSA) and issue certificates stipulated by international agreements in the sphere of merchant marine of which the RSA is a part. A relevant agreement
Eni Employs RANA LIBYA for Diving Operation
Eni North Africa has hired RANA LIBYA for intervention operation on Mellitah Oil & Gas wellheads at Bahr Essalam field offshore Libya. The saturation diving activities will be carried out from a DP2 MSV supplied by Eni with RANA portable Saturation Diving System installed on board. The MSV departed
ShawCor to Provide Pipeline Coatings for Moho Nord Project
ShawCor Ltd. has announced that its Socotherm pipe coating division has received a contract with a value in excess of US$40 million from Tenaris to provide pipeline coatings for the Moho Nord Oil Pipeline project. The Moho Nord project is located in water depths of 650 to 1,150 metres approximately
ShawCor to provide pipeline coatings for Moho Nord
ShawCor Ltd. today announced that its Socotherm pipe coating division has received a contract with a value in excess of US$40 million from Tenaris to provide pipeline coatings for the Moho Nord Oil Pipeline project. The Moho Nord project is located in water depths of 650 to 1,150 metres approximatel
BCC Research: EOR market to reach $34.4B figure by 2018
The global market for enhanced oil recovery (EOR) technologies was valued at $21 billion in 2012 and was estimated at $22.6 billion for 2013.
Kosmos records loss of $91M in 2013
Kosmos Energy Ltd. announced financial and operating results for the fourth quarter and full year 2013. For the fourth quarter of 2013, the Company reported net income of $4 million, or$0.01 per basic and diluted share. For the full year 2013, the Company generated a net loss of $91 million or $0.24
EU Organizes Counter-Piracy Training for Tanzanian Maritime Authorities
On Monday 24th February, European Union counter-piracy operation Atalanta and EUCAP Nestor, the civilian-led Maritime Security Capacity building EU Mission, hosted two training sessions for Tanzanian Maritime Police and Navy in Dar es Salaam to share knowledge and experiences in fight against piracy
Ukrainian Frigate Protects Lebanese-Flagged Merchant Vessel
During one of their counter-piracy patrols in the Gulf of Aden, the EU Naval Force Ukrainian frigate, Hetman Sagaidachniy was tasked by the EU Force Headquarters to provide close protection at sea for a Lebanese-flagged merchant vessel, which had suffered engine failure and was drifting in the pirac