Africa
Highlights of the Week
Dredging Today brings you an overview of the most popular stories from the past week (January 16-22, 2017). Boskalis Receives LOI for Port of Duqm Development Boskalis has received a Letter of Intent to Award (LOI) a contract for the development of the Port of Duqm in Oman. Weeks Marine Kicks Of
Interview: WeSubsea Raises the Bar
WeSubsea, a subsea service company located in Norway and UK, has reported a very busy 2016, filled with lots of activities and accomplishments. Enough reasons for Dredging Today to catch up with Mr. Jason Wilson, UK WeSubsea Managing Director, to review the business highlights from 2016 and discuss
Tullow to shut down Jubilee for two weeks
Oil and gas company Tullow Oil is planning to temporarily shut down operations at its Jubilee field, offshore Ghana, starting February 1, 2017. A spokesperson for Tullow told Offshore Energy Today that the shutdown, which will last for fifteen days, is to allow for an interconnection between Jubilee
Seabed Geosolutions Bags West Africa OBN Contract
Seabed Geosolutions has been awarded a 4D baseline ocean bottom node (OBN) project in West Africa. The duration of the project is six-weeks, the company said. The crew is currently in the mobilization phase of the project. According to Seabed Geosolutions, the project will support the optimization o
Big Oil back on the acquisition trail as outlook brightens
The world’s top oil companies are back in acquisition mode, targeting smaller exploration and development firms to boost oil and gas reserves rather than the mega-mergers that followed previous slumps in crude prices.
ITOPF: Oil Tanker Spills See Downward Trend
The downward trend in oil spills from tankers continues, according to the latest annual statistics issued by the International Tanker Owners Pollution Federation Limited (ITOPF). The average number of large oil spills from tankers, greater than 700 tons, has progressively reduced and since 2010 aver
Moody’s: Kogas unaffected by Mozambique LNG investment
South Korea’s Kogas’ credit quality will not be immediately affected by its decision to invest in the Area 4 Coral South floating liquefied natural gas (FLNG) project in Mozambique, according to Moody’s Investors Service. On 18 January, Kogas’ board of directors approved an investment in the FLNG pr
Oil rises from one-week low as IEA says oil market tightening
By Libby George and Christopher Johnson LONDON (Reuters) – Oil bounced back from a one-week low on Thursday as the International Energy Agency (IEA) said global oil markets were tightening even before cuts promised by OPEC and other producers could take shape. Oil prices have gyrated this year as th
Rystad: 2016 discovered offshore volumes 90% lower than in 2010
The 2016 total offshore discovered liquids resources reached only slightly below 2.3 billion bbl, 90% lower than in 2010, Energy intelligence group Rystad Energy has informed. The group says the drop is most significant to the overall decline in discovered volumes; and in fact, total global discover
Video: Second FORESEA call webinar
The €11 million FORESEA program hosted a webinar regarding its second call for support package applications for ocean energy developers.
Big Oil back on the acquisition trail as outlook brightens
By Ron Bousso LONDON (Reuters) – The world’s top oil companies are back in acquisition mode, targeting smaller exploration and development firms to boost oil and gas reserves rather than the mega-mergers that followed previous slumps in crude prices. Since late November, major oil companies have ann
Jan De Nul Completes Maputo Port Dredging Scheme
Jan De Nul Group has finished dredging the 76 km long navigational channel that leads to the Port of Maputo in Mozambique. The company’s cutter dredger J.F.J. De Nul, hopper dredger De Lapérouse, along with some other dredgers, delivered the project several months ahead of schedule. According to Jan