Africa
When is a final investment decision (FID) not a FID?
Large upstream projects are more often delivered by a group of partners rather than a single 100% owner.
DHI VIDEO on Measurement of Suspended Sediment
DHI Group, an independent research and consultancy organization, has just released their latest DHI Tech Talk video, named ‘Measurement of Suspended Sediment’. Solid particles transported in the water are referred to as suspended sediments. A high level of suspended sediments may lead to serious eff
ITF Calls for Safe Release of Kidnapped BBC Caribbean Crew
A number of seafarer unions are calling for a fast but reasoned response to the kidnapping of eight crew members from the 2008-built general cargo ship BBC Caribbean in the Gulf of Guinea, Nigeria. The International Transport Workers’ Federation (ITF) and its member unions ver.di, the Seafarers’ Uni
Drewry: Dry Bulk Market to Recover from 2017 Onwards
The dry bulk shipping market is expected to recover from 2017 onwards driven by a narrowing supply-demand gap, according to the shipping consultancy Drewry. Namely, demand is projected to grow at a healthy pace of 3% while supply could grow by about 1% from 2017. The growth in demand originates from
Polarcus scoops 4D seismic work offshore West Africa
Marine seismic acquisition firm Polarcus has received a letter of award for a 4D marine seismic acquisition project offshore West Africa. Polarcus announced the contract award on Thursday but did not disclose any financial details regarding the deal nor the client in question. However, the marine se
DOJ closes investigation into Cobalt’s Angolan operations
The U.S. Department of Justice has completed its corruption investigation of the Houston-based oil company Cobalt International Energy leaving the company in the clear. Cobalt informed on Thursday the company has received a letter from the DOJ saying the department has closed its Foreign Corrupt Pra
Polarcus in 4D Shoot Off West Africa
Marine geophysical company Polarcus has been awarded a contract for a 4D marine seismic acquisition project offshore West Africa. According to the company’s Oslo filing, the project will start in the second quarter of 2017 and will run for approximately one month. Polarcus did not disclose the clien
Report: Eni CEO charged with international corruption
By Bartolomej Tomic Italian prosecutors have reportedly charged Eni and its CEO Claudio Descalzi with international corruption over the controversial acquisition of an offshore block in Nigeria in 2011. Apart from Descalzi, the charge reportedly extends to the former CEO Paolo Scaroni and nine other
New Infrastructure Project at Suez Canal Takes Shape
A total of ten Liebherr duty cycle crawler cranes and crawler cranes are currently in operation at the Suez Canal as part of a multi-billion project, the company announced in its latest release. A HS 8100 HD duty cycle crawler crane of the newest generation belonging to the German company Züblin is
Eight Crew Kidnapped in Gulf of Guinea
A total of eight seafarers were kidnapped by pirates from their vessel BBC Caribbean in the Gulf of Guinea, Nigeria, according to the Embassy of Russian Federation in Nigeria. The pirates abducted seven citizens of Russia and a citizen of Ukraine from the 2008-built general cargo ship while it was s
Eni Fires Up East Hub Development Off Angola
Eni has started production from the East Hub Development Project, in Block 15/06 offshore Angola, ahead of schedule. Production is taking place through the Armada Olombendo floating production storage and offloading (FPSO) vessel, which can generate up to 80,000 barrels of oil per day and compress u
Eni produces first oil from East Hub project off Angola
Italian oil company Eni has started production of the East Hub Development Project, deep offshore Angola, in three years from the development plan and five months ahead of schedule. The East Hub Development Project is located in Eni-operated Block 15/06 where the Italian company has a 36.84% share,