Africa
Fortuna FLNG umbrella agreement signed
Fortuna FLNG project partners signed an umbrella agreement that establishes the full legal and fiscal framework for what is claimed to be Africa’s first deepwater FLNG project.
Magseis begins more Red Sea seismic work
Geophysical company Magseis has completed the initial part of Saudi Aramco’s Red Sea seismic survey together with its partner BGP Arabia and started working on the previously agreed extension of the work. Magseis said on Tuesday that, following a short yard stay and mobilization, the crew began acqu
Highlights of April 2017
Tidal Energy Today has recapped the news from wave and tidal energy sectors that have marked the month of April 2017.
Ajaokuta-Onitsha Maintenance Dredging Work Kicks Off
Minister of Transportation, Mr Rotimi Amaechi, launched the maintenance dredging of the River Niger from Ajaokuta to Onitsha on Friday, saying that it will promote multi-modal transport and cheaper coastal services across twenty eight states of Nigeria. Speaking at the flag off ceremony, Amaechi com
Damietta Port to Build New Terminal
Egypt’s Damietta Port and the Armed Forces Engineering Authority last week signed a cooperation protocol for the construction of a new multi-purpose terminal. According to the DPA Chairman, AD./ Ayman Saleh, the new terminal will have a depth of 17m, berths 630m long, and back area of 75,000m². Sale
Clarksons: Boxships Sailing into More Positive Territory?
The container shipping market has seen a bit of a flop since the onset of the global financial crisis back in 2008, however, the things have started to look a little bit better recently, according to Clarksons Research. Containership earnings have spent most of the period since the onset of the glob
Top news, April 24 – 30, 2017
Tidal Energy Today has compiled the top news from tidal and wave energy industry from April 24 – 30, 2017.
Popular news, April 24 – 30, 2017
The most popular articles of the week.
Oil rebounds from one-month low on hopes for output cut extension
By Karolin Schaps LONDON (Reuters) – Oil prices rebounded on Friday after dropping to a one-month low the previous day, prompting investors to buy at cheaper levels ahead of a May OPEC meeting at which producers could extend output cuts. Optimism is rising about the prospect of a year-long productio
OPEC: Oil output cuts only two percent off target in March
The Joint Ministerial Monitoring Committee (JMMC) reported on Friday that OPEC and non-OPEC countries have continued their high level of conformity with their voluntary adjustments in production. JMMC’s statement was based on the report of the Joint OPEC-Non-OPEC Technical Committee (JTC) for the mo
Global oil discoveries dropped to record low in 2016, IEA says
Global oil discoveries fell to a record low in 2016 as companies continued to cut spending and conventional oil projects sanctioned were at the lowest level in more than 70 years, according to the International Energy Agency (IEA), which warned that both trends could continue this year. Oil discover
BW Offshore closes Dussafu deal with Panoro
BW Offshore’s subsidiary, BW Energy Gabon Pte. Ltd (BWEG), has completed the acquisition of 25 percent working interest in the Dussafu production sharing contract offshore Gabon from Panoro Energy. After BWEG became the majority owner in the Dussafu license through the acquisition of a 66.67 percent