Africa
Highlights of the Week
Dredging Today brings you an overview of the most popular stories from the past week (February 20-26, 2017). Royal IHC Hands Over Hopper Dredger DASA I Royal IHC has completed delivery of the trailing suction hopper dredger DASA I to Dragados Argentinos DASA S.A. of Buenos Aires, Argentina. New
OPEC: There is still room for improvement in output cuts
The Joint OPEC-Non-OPEC Ministerial Monitoring Committee (JMMC) reported on Friday that OPEC and non-OPEC countries are on the right track towards full conformity with their adjustments in production but there is still room for improvement. The Joint OPEC-Non-OPEC Technical Committee (JTC) held its
Spotlight on Sustainable Management of Volta Delta
The Delft Deltas, Infrastructure & Mobility Initiative and Delta Alliance have joined forces in organizing two meetings in Ghana to discuss the challenges for the sustainable management of the Volta Delta, Delft University of Technology just announced. The two consultative meetings were organized an
Ocean Rig gets drillship termination from ConocoPhillips
Offshore driller Ocean Rig has received a contract termination for one of its drilling rigs and reached an agreement in a dispute over contract termination for another drilling rig. In its 4Q 2016 report on Wednesday, Ocean Rig said it has reached an agreement with ConocoPhillips to terminate the co
VIDEO: Huge Maersk rig heading for Norway seen offshore Namibia
Danish offshore driller Maersk Drilling posted a video on Thursday via social media channels showing one of its XLE rigs offshore Namibia on its way to Norway.
Kosmos, BP firm ties on West African LNG project
Kosmos Energy received governmental approval and completed the $916 million farm-out of assets in the Mauritania-Senegal basin to BP.
Explosion hits Nigeria LNG pipeline
Nigeria LNG, the operator of the 22 mtpa liquefied natural gas plant on Bonny Island, reported a pipeline explosion on Wednesday, February 22.
BP wraps up Senegal transaction with Kosmos
Kosmos Energy has completed a transaction under which BP bought stake in its blocks off Senegal. The duo is looking to produce first gas from the Tortue project by 2021. In the second half of December 2016, Kosmos and BP decided to team up in Mauritania and Senegal. BP agreed to buy a 62% working in
Mercator sells Virini Prem FSO
Mercator Offshore has completed the previously announced sale of its Virini Prem floating production unit. The company in December 2016 said it would sell the unit for no less than $76 million to Oriental Resources. Oriental is a co-venturer and a production sharing partner of Ebok field offshore Ni
Cairn reaches total depth at SNE’s fifth appraisal well
Cairn Energy has reached a total depth of 2,852m at the SNE-5 well off Senegal, which is the first of two firm wells planed to further evaluate the SNE oilfield. Cairn, the operator, started drilling the SNE-5 appraisal well in January. The well is located in the southern area of the SNE oil field a
Moody’s says LNG prices to remain capped beyond 2020
Ratings agency Moody’s expects global liquefied natural gas (LNG) prices to remain constrained beyond 2020 as a wave of fresh supply capacity comes online at a time when demand from the world’s largest importers is weakening. Strong LNG demand growth from China, India and new markets would not be en
Erin Energy CEO calls it quits
Oil and gas company Erin Energy, formerly known as CAMAC Energy, has informed that Segun Omidele has resigned as Chief Executive Officer and as a member of the board. The company said on Wednesday that Omidele’s resignation, effective from February 22, 2017, was accepted by the board of directors. H