Africa
Zambia: AFDB Invests in Mpulungu Harbour Development
THE African Development Bank (AFDB) has pumped US$30 million into the upgrading of Muplungu Harbour infrastructure in Northern Province to … By Maimbolwa Mulikelela (times) [mappress] Source: times, January 26, 2012;
Nigeria: NLNG Seeks Loan to Buy New Tankers
Nigeria Liquefied Natural Gas Company (NLNG) is seeking to raise around $1 billion to buy new liquefied natural gas tankers. “We are looking to appoint a financial adviser to advise us on the best option to raise a loan in the region of $1bn to acquire about six LNG tankers,” NLNG said, Argus Media
Big Spenders Optimistic over 2012 Outlook
Oil and gas industry leaders have forecast improved performance and higher levels of capital expenditure this year, despite concerns over global economic instability, according to a new report on the future of the sector. Increased investment across the industry will focus on exploration activity, w
Camac Energy to Explore for Hydrocarbons Offshore Gambia
CAMAC Energy Inc., a U.S.-based energy company engaged in the exploration, development and production of oil and gas, announced that it has entered into an agreement with the Gambian Ministry of Petroleum (on behalf of the Government of the Republic of The Gambia) on the provisional award of two off
Equatorial Guinea Signs 2nd LNG Train Agreement
Equatorial Guinea’s Minister of Mines, Energy and Industry, Marcelino Owono Edu, finalized new agreements on the implementation of the LNG Train II project on January 17, 2012 in Lisbon. The agreements distinguish the key areas of the project, taking them a step closer toward implementation. LNG Tra
Nigeria: Dredging Brings Relief to Ilorin
The Kwara State Government has embarked on the dredging of canals in Ilorin as parts of measures to combat flooding in the state… (punchng) [mappress] Source: punchng, January 25, 2012;
Northrop Grumman to Supply Marine Navigation Equipment for Suez Canal Authority
Northrop Grumman Corporation’s Sperry Marine business unit has won orders to supply navigation equipment to the Suez Canal Authority for tugboats and other assorted workboats. The orders include radar upgrades for 10 boats, and complete integrated bridge systems (IBS) for four new builds. The IBS is
Macquarie Says Global LNG Market Will Remain Tight
The global LNG market will remain tight until at least 2014, Reuters reported citing Macquarie’s analyst Jason Gammel. “The removal of nuclear generation from the Japanese electricity grid has completely changed their demand for natural gas, and it’s made the LNG market extremely tight until at leas
Towards New Maritime State of the Art Facilities
Increasing demand and expectations in Maritime Industry call for communities to come up with new facilities and to upgrade outdated systems and infrastructure. The prospect of such developments integrates challenges since each new advanced construction must be sensitively designed, appealing, practi
Nigeria: DMO Bags Dredging Contract
The Lagos State Government has appointed Drainage Maintenance Officers (DMO) in all local governments to ensure maintenance, clearing … By Kazeem Ugbodaga (pmnewsnigeria) [mappress] Source: pmnewsnigeria, January 24, 2012;
New Demands for World’s Maritime Industry
Increasing demand and expectations in Maritime Industry call for communities to come up with new facilities and to upgrade outdated systems and infrastructure. The prospect of such developments integrates challenges since each new advanced construction must be sensitively designed, appealing, practi
PF Seventh Task Unit Escorts First Merchant Convoy Through Gulf of Aden
Pacific Fleet (PF) seventh task unit participating in anti-piracy campaign in the Gulf of Aden has successfully escorted first merchant convoy through safety corridor and on Jan 22 started to form the next one, PF spokesman Capt 1 rank Roman Martov told RIA Novosti. The seventh anti-piracy unit cons