Losses the likes of Deepwater Horizon, Costa Concordia, prove there is a need to manage the ‘unthinkable’ risks.
Telecom Egypt has concluded the acquisition of Middle East and North Africa Submarine Cable (MENA Cable) from Orascom Investment Holding “OIH” through its subsidiary Egyptian International Submarine Cable Company EISCC. The total enterprise value of MENA Cable is USD 90 million of which USD 40 milli
Norwegian seismic specialist TGS has won a first regional offshore MSGBC SeaSeep Project in the North West Africa Atlantic Margin.
TGS plans to start its first regional offshore MSGBC SeaSeep Project in the North West Africa Atlantic Margin. The program will cover an area of approximately 113,500 km2 and will incorporate around 230 cores from the seabed, located based on multibeam backscatter anomalies. Acquisition of the multi
Oil companies Clontarf and Petrel saw their shares spike on Monday following news on the resolution of a long-standing issue over an offshore block in Ghana.
Oil giant Shell is working to keep methane emissions intensity below 0.2% by 2025 across all of the oil and gas assets it operates. The move, announced on Monday, has been welcomed by the UN as a signal for the rest of the industry. Commenting on Shell’s methane commitment, Maarten Wetselaar, Shell’
The International Association of Dredging Companies (IADC) has just presented the 2017 edition of Dredging in Figures, an annual review of the global dredging market including the international dredging industry’s revenue. This paper highlights essential information about the dredging industry. Fact
BW Offshore informed that first oil from the BW Adolo FPSO was safely achieved on Sunday, 18 months after the initial investment was made in the Dussafu license offshore Gabon. “We have achieved first oil from the Dussafu license within budget and on schedule,” said Carl K. Arnet, the CEO of BW Offs
Tower Resources is about to get more time for the exploration work on its Thali license offshore Cameroon.
London-based Ophir Energy said on Thursday it has written down the value of its Fortuna FLNG project in Equatorial Guinea by $310 million. The company also said in its half-year report it aims to cut jobs in London and plans to move its headquarters to Asia to lower costs. The Fortuna development su
TGS has announced Jaan, a fully harmonized 3D multi-client project in the southern portion of the MSGBC Basin from northern Senegal, through The Gambia and the AGC zone, into Guinea-Bissau down to the Guinea transform fault. This project will consist of 11,135 km² of new acquisition complemented by
Norwegian seismic specialist TGS will begin a new 3D multi-client project named Jaan in the early fourth quarter of 2018.
