Africa
P&O Ports Wins 30-Year Concession for Bosasso Port
UAE-based port operator P&O Ports has won a 30-year concession for the management and development of a multi-purpose port project at Bosasso in the Puntland State of Somalia. The company is set to invest up to USD 336 million in the multi-purpose facility, P&O Ports said, adding that the investment
P&O Ports Inks Port of Bosasso Concession Agreement
P&O Ports, Government of Dubai owned port operator, has won a 30-year concession for the management and development of a multi-purpose port project at Bosasso in the Puntland State of Somalia. President of Puntland, H.E. Abdiweli Mohamed Ali, and the chairman of Ports, Customs & Freezone Corporation
OEEC: Marine Energy Event 2017 – Conditions for commercial success
The marine energy industry has a role to play in the EU electricity supply by 2050. This requires advancement in the certification and verification of technologies in order to access commercial funding.
Royal HaskoningDHV to Design Luanda Reclamation Project
Royal HaskoningDHV has been awarded the contract for the detailed design of the Marginal da Corimba reclamation and shore protection project in Luanda, Angola. This major contract was awarded by the consortium of Urbinveste and Van Oord. Royal HaskoningDHV has been commissioned to prepare the detail
Nigeria LNG in talks with buyers on new contracts
Nigeria LNG, the operator of the 22 mtpa liquefied natural gas plant on Bonny Island, has reportedly started negotiations on new contracts with potential buyers for gas supplies from its first three Trains. “Trains 1-3 are coming back to the market as they are out of contract by 2022. We started to
Cairn finds no oil at deeper VR-1 well target (Senegal)
Oil and gas company Cairn Energy has failed to unearth commercial quantities of oil from its exploration target at the VR-1 well offshore Senegal. To remind, Cairn had achieved the primary objective at the VR-1 well in March, which was to appraise the nearby SNE oil discovery. During the appraisal d
Vantage buys jack-up rig from bankrupt Hercules
Offshore drilling contractor Vantage Drilling has acquired the Hercules 260 jack-up rig from the bankrupt driller Hercules Offshore and has renamed it the Vantage 260. The driller said on Wednesday that its subsidiary, Vantage Drilling Africa, bought the rig for an undisclosed amount from Hercules’
Frames scores work on Chevron’s platform offshore Nigeria
U.S oil major Chevron has awarded Frames a contract to design and supply a new gas dehydration unit with a glycol regeneration package for an offshore platform in the Niger Delta. Frames said that the process package will be installed on Chevron existing Okan platform in the Western Niger Delta regi
Eni strikes gas off Libya
The Italian energy company Eni has made a new discovery of gas and condensates offshore Libya. The discovery was made in the Gamma prospect in the Contract Area D. It is located 15 km south west of the Bouri field and 5 km north of the Bahr Essalam field. The drilling of the Gamma prospect […
Eni in gas discovery offshore Libya
Italian oil company Eni has made a new gas and condensate discovery in the Gamma Prospect in Tripoli-Sabratah Basin, offshore Libya. The discovery exploration well B1-16/3 is located approximately 140 kilometers from the Libyan Capital Tripoli City and five kilometers to the north of the producing B
IGU: global LNG trade hits new peak, set for further growth
Global liquefied natural gas (LNG) trade in 2016 reached a record 258 million tonnes – an increase of 5% from the year before, and the largest ever year for LNG trade, according to the International Gas Union. This increase is particularly noticeable when compared with the average 0.5% growth rate o
Suez Canal Cuts Tolls for Dry Bulkers
The Suez Canal Authority is offering a discount to dry bulk vessels with the aim of attracting more ships to transit the waterway. Laden dry bulk vessels coming from ports in the East and South Australia and heading to ports in the North West Europe are to be granted 75% rebate of the full amount [&