Africa
DP World’s Port of Berbera Project Gets Underway
UAE’s port developer DP World has launched activities aimed at developing Berbera port in the Republic of Somaliland. Namely, the company marked the official commencement of the 30-year port concession for the management and development of a multipurpose port project at Berbera. DP World won the con
Report: Egypt to cut down on LNG imports
Rising domestic natural gas production prompted Egypt to start talks with its LNG suppliers to cut down on contracted cargo deliveries.
BP Starts West Nile Delta Offshore Egypt
BP has started gas production from the first two fields, Taurus and Libra, of the West Nile Delta development in Egypt. First gas was exported to Egypt’s national grid on March 24, 2017, and the commissioning of all nine wells of the development’s first two fields and ramp up to stable operations ha
OPEC sees much higher oil supply from rivals in 2017
By Alex Lawler LONDON (Reuters) – OPEC on Thursday sharply raised its forecast for oil supply from non-member countries in 2017 as higher prices encourage U.S. shale drillers to pump more, hampering OPEC efforts to clear a glut and support prices by cutting its output. In a monthly report, the Organ
Fortuna FLNG construction contract awarded
Following last week’s umbrella agreement for the Fortuna FLNG project off Equatorial Guinea, a construction contract has been awarded for conversion of an LNG carrier to a floating liquefaction facility (FLNG). Ophir Energy informed on Wednesday that Golar LNG Limited has executed amended and novate
Fortuna FLNG takes another step forward
London-based Ophir Energy on Wednesday said its Fortuna FLNG project in Equatorial Guinea has made another move toward a final investment decision with the award of the midstream construction contracts. LNG shipper Golar LNG has executed amended and novated deals for conversion of the 126,000-cbm LN
CEDA Dredging Days Program Announced
The Central Dredging Association has announced the program for their upcoming trademark biennial event – CEDA Dredging Days, set to take place from 9-10 November 2017 at Ahoy Rotterdam. “The event has been the primary international dredging conference in the CEDA region (Europe, Middle East, Africa)
First Otakikpo oil cargo lifted from Ailsa Craig FSO
First crude oil cargo produced from the Otakikpo marginal field has been lifted from the FSO Ailsa Craig by Shell Western Supply and Trading Limited, a subsidiary of Royal Dutch Shell. Otakikpo is situated in Nigeria’s coastal swamp location in oil mining lease (OML) 11, adjacent to the shoreline in
Gibson: Surge in VLCC Orders amid Attractive Prices
Attractive newbuilding prices have pushed the order count for very large crude carriers (VLCC) to around 30 so far this year, which is more than double when compared to last year’s 13 orders for the entire year. What is more, a number of owners, not just VLCC owners, are considering investment in ne
Drewry: Chemical Tanker Fleet Set to Outpace CPP Fleet
The shipping fleet trading in chemicals and vegoils is heading for an expansion moderately driven by a demand for methanol and vegoil, shipping consultancy Drewry informed. The orderbook contains 144 stainless steel vessels totalling 3.4 million dwt for delivery by 2020, almost 22% of the existing c
Ophir close to securing $1.2B Fortuna FLNG loan
Ophir Energy, the operator of the Fortuna gas field offshore Equatorial Guinea is close to securing the financing needed for the FLNG development. The company, which aims to make the final investment decision on the project in mid-2017, has reportedly received backing from unnamed Chinese banks. Acc
Siemens looks at HydroAir for wave energy extraction
The Dresser-Rand business, part of Siemens Power and Gas, has developed a new turbine for wave power plants that operates on the oscillating wave column principle.