Africa
Interview: Rig values have bottomed out. Cold-stacked units unlikely to come back
Offshore Energy Today has recently shared several, very informative and interesting articles written by David Carter Shinn, a partner in the offshore rig brokerage firm Bassoe Offshore. We’ve now decided to pick his brains on one of the subjects that matter most to the offshore rig owners – be it th
PHOTO: TechnipFMC readies first subsea trees for Total’s Egina field
TechnipFMC posted a picture on social media channels last Friday of the first subsea trees being prepared for Total’s Egina field offshore Nigeria. The subsea trees, loaded in the company’s Dunfermline facility in Scotland, were ready on Friday for TechnipFMC’s Onne base in Nigeria for completion, a
Report: EUKOR Car Carrier Stopped by Libyan Forces
The 2013-built car carrier Morning Compass has been seized by Libyan militants and escorted to the country’s Ras Al Hilal port, according to local media. The vessel, working under a charter deal with Korean shipping firm EUKOR Car Carriers, was on its way from South Korea’s Incheon port to Libyan po
Shell’s first LNG Outlook: LNG demand to grow at twice the rate of gas demand
The Hague-based LNG giant Shell on Monday launched its first” LNG Outlook”, an assessment of the global liquefied natural gas (LNG) market. According to the outlook, global demand for gas is expected to increase by 2% a year between 2015 and 2030 while LNG demand is set to rise at twice that rate at
DW: Will demand for local content undermine cost cuts drive?
Brazil and Tanzania are two countries at very different stages of oil and gas development, Douglas-Westwood said in its DW Monday report. Brazil is a well-established powerhouse, reeling from a recent corruption scandal, while Tanzania is at the early stage of development after a series of promising
MSI: Crude Tanker Market Hit Hard by OPEC’s Cut
The predicted influx of new tonnage, combined with the Organization of the Petroleum Exporting Countries’ (OPEC) production cap and lower levels of refinery throughput are hitting crude markets hard, according to Maritime Strategies International (MSI). Namely, the crude tanker market is set to go t
Korean Vessel Listing after Fire at Port of Cape Town
A fire that broke out on board a Korean fishing vessel at the port of Cape Town on February 18 has been put under control, according to the South African Maritime Safety Authority (SAMSA). “The fire is under control, but has spread to the back (aft) of the vessel. The City of Cape Town Fire Services
Kreuz Subsea and Genesis Join Forces in Nigeria
Kreuz Subsea has set up a joint venture in Nigeria with Genesis Group. Genesis Kreuz will provide services of engineering and project management, construction, shore based warehousing, and end-to-end logistics. The company will be headquartered in Lagos with yard facilities in Port Harcourt. Kreuz S
Otakikpo production ramping up after offshore pipeline completed
Oil & gas company Lekoil has completed and commissioned the six-kilometer offshore pipeline leading from the storage tanks to the tanker offloading manifold at the Otakikpo field in Nigeria. To remind, the company said in December of last year that the Otakikpo oil was flowing to onshore storage tan
Readers’ Picks of the Week (February 13 – 17, 2017)
Readers’ Picks of the Week (February 13 – 17, 2017)
Popular news, February 13 – 19, 2017
The most popular articles of the week
Top news, February 13 – 19, 2017
Tidal Energy Today has compiled the top news from tidal and wave energy industry from February 13 – 19, 2017.