Africa
Top news, March 27 – April 2, 2017
Tidal Energy Today has compiled the top news from tidal and wave energy industry from March 27 until April 2, 2017.
Popular news, Mar 27 – Apr 2, 2017
The most popular articles of the week
Highlights of the Week
Dredging Today brings you an overview of the most popular stories from the past week (March 27-April 2, 2017). Damen Completes Repair Work on TSHD Leiv Eiriksson Damen Shiprepair & Conversion (DSC) has recently completed works in Vlissingen and Brest on two Jan de Nul’s vessels. Gothenburg Testi
SAPETRO joins Hyperdynamics’ Guinea project as 50 pct partner
Hyperdynamics Corporation’s subsidiary, SCS Corporation Ltd. (SCS), and South Atlantic Petroleum (SAPETRO) on Friday executed a farm-out agreement for an interest in its Guinea oil exploration program. Hyperdynamics and SAPETRO, a privately held Nigerian oil and gas exploration and production compan
Oil retreats, set to become worst-performing asset in first quarter
By Karolin Schaps LONDON (Reuters) – Oil prices fell on Friday after a three-day rally ran out of steam due to a stronger dollar, promising to notch up the oil market’s worst-performing quarter since 2015 as investors fret that growing U.S. supplies are undermining OPEC-led cuts. Brent crude futures
Bassoe: Too much debt, let’s reset – the emergence of low-cost drilling contractors
Ocean Rig filed for Chapter 15 bankruptcy protection this week. Another lower-cost offshore rig owner is now emerging and will be a competitive force toward owners who are still restricted by high debt and legacy costs. By David Carter Shinn With around $3.7 billion in debt and a fleet of 11 drill
Lekoil secures $15M advance payment facility with Shell
Nigeria-based oil and gas company Lekoil has secured an advance payment facility of $15 million from Shell Western Supply and Trading Limited, a member of the Royal Dutch Shell group. Lekoil said on Friday that the deal payment facility with Shell was agreed with its wholly owned subsidiary Lekoil O
FAR eyes new West African assets with CNOOC pact
Australian oil company FAR has signed an Area of Mutual Interest (AMI) agreement with CNOOC UK Limited, which covers selected licenses offshore Senegal and The Gambia within the designated area. The Australian oil company informed on Friday that the AMI provides the two companies with agreed arrange
Africa Energy pulls the plug on Namibian block farm-in
Canadian oil and gas exploration company Africa Energy Corp. has terminated a farm-out agreement with a subsidiary of Pancontinental Oil & Gas to acquire a 10% participating interest in Petroleum Exploration License 37 offshore Namibia (PEL 37). To remind, the two companies entered the farm-out agre
JICA Inks ODA Loan Agreement with Ivory Coast
The Japan International Cooperation Agency (JICA) today signed an agreement with the Government of Ivory Coast in Abidjan to provide a Japanese ODA loan of up to $97.6 million for the Abidjan Port Cereal Berth Construction Project. JICA said in its announcement that, under this project, the governme
Injured Sailor Evacuated from Boxship off South Africa
An injured crewmember was evacuated from the 50,790 dwt containership Thuringia on March 29 while the ship was sailing off the coast of South Africa, National Sea Rescue Institute (NSRI) informed. The 42-year-old Chinese sailor was reportedly struck by sheet metal which shifted and fell onto the cre
Lekoil pens offtake deal for Otakikpo oil with Shell
Africa-focused oil and gas company Lekoil has signed a commercial offtake agreement with Shell Western Supply and Trading Limited, a subsidiary of Royal Dutch Shell. Lekoil said on Thursday that it executed an offtake agreement in respect to the sales of its crude entitlement from the Otakikpo margi