Africa
Report: Sonatrach, Engie to renew LNG supply contract
Sonatrach of Algeria is reportedly set to extend the liquefied natural gas supply deals it has with the French utility and LNG player Engie.
Oil prices rise on output cuts, but U.S. stockpiles drag
By Jane Chung SEOUL (Reuters) – Oil prices climbed on Thursday after sharp losses the session before, buoyed by strong compliance with touted international production cuts, although a surge in U.S. crude inventories continued to drag. The Organization of the Petroleum Exporting Countries (OPEC) and
Mauritius Looking For Seasoned Offshore Wind Consultants
The Mauritius Research Council (MRC) has invited expressions of interest for the development of offshore wind farms for the Republic of Mauritius.
Ophir: Fortuna FLNG remains on schedule for FID in mid-2017
London-based Ophir Energy on Thursday said it still expects to make a final investment decision on its Fortuna FLNG project in Equatorial Guinea in mid-2017.
Exploration is not dead, quite the opposite, now is the time to invest, E&P players say
Despite what you may have heard, conventional oil and gas exploration is not dead, and on the contrary, this might even be the perfect time for the exploration players to invest. This was a main takeaway from a session titled „The future of exploration,“ held during the CERAWeek by IHS Markit on Wed
Calcium Hypochlorite Suspected Cause of APL Austria’s Fire
The suspected cause of the fire on board the Liberian cargo vessel APL Austria is a chemical known as “calcium hypochlorite”, the South African Maritime Safety Authority (SAMSA) said citing preliminary investigation findings. The chemical was found stowed under deck in No.4 cargo hold, where the fir
Angola LNG gets more feed gas as Chevron starts production at Mafumeira Sul
Chevron-led 5.2 million tons per year Angola LNG plant in Soyo is set to get new supply of feed gas as the company’s unit, Cabinda Gulf Oil Company began producing oil and gas at the Mafumeira Sul project offshore Angola.
Chevron Starts Up Mafumeira Sul Offshore Angola
Chevron’s subsidiary, Cabinda Gulf Oil Company (CABGOC), has started oil and gas production from the main production facility of the Mafumeira Sul project offshore Angola. “This milestone supports our priority of completing major projects and improving free cash flow,” said Jay Johnson, executive vi
OES: Ocean energy sector to create 680,000 jobs by 2050
Ocean Energy Systems (OES) has released a new report presenting global state-of-the-art in ocean energy sector.
Chevron fires up Mafumeira Sul project off Angola
Chevron informed on Wednesday it has started oil and gas production from the main production facility of the Mafumeira Sul project, offshore Angola. The project is operated by its subsidiary, Cabinda Gulf Oil Company (CABGOC) Limited. “This milestone supports our priority of completing major project
AlixPartners: Carriers Start 2017 with Grim Outlook
As the container shipping industry continues to be plagued by the same challenges since the onset of the 2008 financial crisis, the outlook for global container carriers remains grim at the start of 2017, consulting firm AlixPartners said. Sluggish demand levels are exacerbating supply-and-demand im
Aleron Scoops Up Contracts in North Africa
Aleron has recently secured two contract wins in the North Africa region through its group companies, Aleron Subsea and ROVQUIP. Under the contracts, the company supplied Aleron Subsea Triton XL ROV together with ROVQUIP’s new decommissioning multi-mode cutting tool to Oceana Subsea. The ROV system