Africa
Top news of the week January 23-28
Australia: Ichthys power plant contract terminated, hundreds of jobs affected A $550 million contract for the construction of a combined cycle power plant for the Inpex-operated Ichthys LNG project in Australia has been terminated, leaving hundreds of workers in limbo. BP outlook: LNG to grow seven
Highlights of the Week
Dredging Today brings you an overview of the most popular stories from the past week (January 23-29, 2017). New Contracts in India and Maldives for DEME DEME, the Belgian dredging, environmental and marine engineering group, has secured several new contracts for dredging and land reclamation works
Bassoe: Pay now or pay later – the art of rig stacking and reactivation
With over 70 ultra deepwater floating rigs stacked and waiting for contracts and over 20 newbuilds sitting virtually complete at shipyards under deferred delivery agreements, offshore rig reactivation risk stands in the way of market recovery, writes David Carter Shinn, a partner at Bassoe Offshore,
RusselSmith Completes TAM Work on Agbami FPSO
RusselSmith Group Nigeria has completed turnaround maintenance (TAM) work on Chevron’s Agbami FPSO. Services provided on the project include rope access, inspection and maintenance, the company said. The TAM project was completed within two months. Kayode Adeleke, senior executive vice president of
Oil prices dip as rising U.S. output offsets OPEC-led cuts
By Henning Gloystein SINGAPORE (Reuters) – Oil prices dipped on Friday as rising crude output from the United States was offsetting efforts by OPEC and other producers to prop up the market by cutting supplies. Brent crude futures, the international benchmark for oil prices, were trading at $56.17 p
SEALNG Calls for Tackling Barriers to LNG as Marine Fuel
A collaborative approach to understanding the opportunities and then tackling the associated commercial barriers to liquefied natural gas (LNG) is crucial to encourage its use as an alternative to traditional bunker fuels, according to the industry coalition SEALNG. With a transition to stricter emi
Report: Tanzania to Get Funds for Dar es Salaam Port Expansion
Tanzania’s port of Dar es Salaam has taken a step toward a major expansion project as the World Bank agreed to provide the country with funds for a number of development works, according to Reuters. Namely, Tanzania will receive an amount of up to USD 305 million for the port development as it looks
Deloitte: changing LNG markets suit adaptive companies
Despite near-term headwinds, the long-term future of global liquefied natural gas is positive for participants able to adapt to a more fragmented market, according to Deloitte’s new report “Navigating the new world of LNG.”
Survey: Cost cutting main priority for 2017. O&G players looking at renewables too
Oil and gas firms are seeking to rebalance business portfolios and are reorganizing for a new era, according to a survey by DNV GL, the technical advisor to the oil and gas industry. For 2017, the surveyed companies expect a drop in capital investments, increase in M&A activity and shows that cost
Minox delivers Egina FPSO water deaeration modules
Minox Technology, a process technology company, has delivered two water deaeration skids to the Egina FPSO. Minox said on Wednesday that the compact modules were delivered mid-January from the ROS fabrication yard in Singapore. Samsung Heavy Industries is transporting the skids to Nigeria where the
BP outlook: LNG to grow seven times faster than pipeline gas trade
Global LNG sector will grow seven times faster than pipeline gas trade and is expected to account for around half of all globally traded gas by 2035, up from 32 percent now, BP said in its annual Energy Outlook on Wednesday.
BP: Fossil fuels will still be dominant in 2035, but not as before
British oil major BP has issued its annual energy outlook, according to which oil and gas, together with coal, will remain the main source of energy powering the world economy, accounting for more than 75% of total energy supply in 2035, compared with 86% in 2015. While the number will still overp