John Mackenzie, Business Development Director at National Marine Dredging Company (NMDC), has confirmed his participation to our first Dredging Today Conference (DTC). During the event, Mr Mackenzie will address new trends and opportunities in urban development and seaborne trade, including the deta
Offshore drilling contractor Atwood Oceanics has through its subsidiary agreed to a one well contract at an undisclosed day rate for operations offshore Northwest Africa with Kosmos Energy Ventures for the ultra-deepwater rig, the Atwood Achiever. The new contract will start immediately following th
U.S. oil and gas company Erin Energy, formerly known as Camac Energy, deepened its net loss for the 2Q 2017 mainly owing to impairment charges on its oil and gas properties. Erin Energy informed on Wednesday that, in the second-quarter 2017, it recorded a net loss of $98.6 million, primarily as a re
Offshore driller Atwood Oceanics has won a one-well contract at an undisclosed dayrate for operations offshore Northwest Africa with Kosmos Energy for the ultra-deepwater drillship, the Atwood Achiever. The new contract will start immediately following the completion of the well in progress under th
Over the last few years there has been a resurgence in Egypt’s upstream sector boosted by several offshore gas discoveries, most notably the Zohr. The Zohr, made by Eni in August 2015, is the largest gas discovery ever in the Mediterranean, and the first phase of production there is set to begin lat
Angola Cables took a step closer to completion of the South Atlantic Cable System (SACS) at an official launch in Sangano, Angola. SACS is the first direct link between Africa and South America. The installation of the South Atlantic Cable System (SACS) – a subsea cable with 40 Tbps of capacity that
IADC (International Association of Dredging Companies) has just announced the 3nd IADC Safety Award 2017 nominee: Damen Shiprepair – CCTV System. In an effort to reduce the dangers to crew both inside and outside a vessel, Damen Shiprepair entrusted a CCTV-system (installed by RBC) with overseeing a
Malaysian FPSO operator Bumi Armada has allowed Erin Energy to flow its Oyo field oil into cargo tanks of the FPSO Armada Perdana, despite Erin’s outstanding debts towards the vessel owner. To remind, Bumi Armada back in June suspended the bareboat charter and operations and maintenance contracts wi
Oil and gas exploration firm Cobalt International has yet to resolve a dispute with Angolan state-owned oil company Sonangol over impairment charges related to its assets in Angola. To remind, Sonangol in August 2015 agreed to buy all of Cobalt’s 40% participating interest in Blocks 21/09 and 20/11
US seaborne coal exports have turned years of negative growth around and seem to be climbing for a third quarter in a row, according to BIMCO. The increase is driven by a growing demand from European importers. East Asian buyers have also ramped up their import of US coal, which is beneficial for th
Following a “major” gas discovery offshore Senegal earlier this year, the U.S. oil company Kosmos Energy plans to drill three more wells off Mauritania and Senegal in 2017, starting with Hippocampe well later this month. In the company’s 2Q 2017 conference call on Monday, talking about Kosmos’ plans
The growth of liquefied natural gas (LNG) carriers over the past decade has been synonymous with the growth in global LNG import and export capacity. However, in recent years the increase in LNG cargoes hitting the market has led to an oversupply problem, causing a significant decline in LNG spot pr
