Independent oil and gas exploration and production company, Kosmos Energy recorded an $8.5 million loss for the second quarter of 2017.
The most popular articles of the week July 31 – August 6, 2017.
Shell to axe 400 jobs The Hague-based LNG giant Shell could cut approximately 400 jobs as it continues its restructuring to cope with lower oil and gas prices. Coral South FLNG contract goes to Air Products US-based LNG equipment maker Air Products has secured a contract for Eni’s multi-billion Cora
TC’s Energy has entered into a binding commitment letter with TC’s Energy under the Mesa Fund 1, a global opportunity fund that is managed by Milost Global. This is for the previously announced $2 billion financing facility with Milost for the wave energy project in Ghana. Anthony Opoku, President &
The International Association of Dredging Contractors (IADC) has just announced that they are starting with announcing the nominees for the IADC Safety Award. The Award seeks to identify the exceptional safety performance of a particular project, product, ship, team or employee. Launched in 2015, th
India’s port company Essar Ports has signed a 30-year concession agreement with the Government of Mozambique to develop a new coal terminal at Beira Port. The deal forms part of a Public Private Partnership (PPP) project that will be executed on Design, Build, Own, Operate and Transfer (DBOOT) basis
The industry needs to redouble its commitment to comply with and enforce the IMO Marpol VI Regulations despite prevailing economic challenges, according to SEALNG, the multi-sector industry coalition promoting adoption of liquefied natural gas (LNG) as a marine fuel. In that context, the coalition h
The countdown has begun for the first ever Dredging Today Conference that will take place on 9 and 10 October 2017 at Amsterdam RAI Convention Center, under the theme ‘Changing Climate, Resilient Business’. We are pleased to announce that Mr Erik van der Blom, Development and Innovation Manager at R
Five crew members were taken from a general cargo vessel identified as the Panama-flagged Oya 1 which was boarded by armed pirates while underway on July 30, around 15 nautical miles south west of Bonny Island, Nigeria. Out of the five crew members, two are said to be Moroccan officers, and three ot
Austrian oil company OMV has closed the sale of its 50% stake in the Ashtart oil field, located in the Gulf of Gabes, Tunisia, as well as its 50% stake in the operating company SEREPT to Perenco. OMV’s average net production from Ashtart was 3,000 boe/d in 2016. The economic effective date of the tr
After months of preparations, Hyperdynamics is finally set to spud the Fatala-1 exploration well in its concession offshore Guinea. The oil company has informed that the Pacific Scirocco deep water drillship has reached its target drilling location 165 kilometers offshore the Republic of Guinea in N
CEO of Italy’s Eni met with the Egyptian prime minister Sharif Ismail in Cairo discussing the future of the Zohr gas field and its impacts on the national energy economy.
