Africa
Descalzi, el-Sisi discuss Zohr, Nooros development
Eni’s investment in its activities in Egypt reached US$2.7 billion in 2017, the company’s CEO, Claudion Descalzi noted during his meeting with Egypt’s president Abdel Fattah el-Sisi.
Eni CEO briefs president of Egypt on Zohr, Nooros progress
Eni’s CEO Claudio Descalzi on Wednesday met Egypt’s President Abdel Fattah el-Sisi, and briefed him about the company’s offshore projects in the country. According to Eni, during the meeting, Descalzi reviewed with el-Sisi the ongoing development activities of the giant Zohr field in the Mediterrane
Experts tackle effectiveness of global ocean energy policies
Ocean Energy Systems (OES) has released a report summarized from a workshop held last year that provides analysis of current ocean energy policies in its member countries with recommendations to make them more effective.
Drewry: Recovery of Multipurpose Shipping Rates in Sight
The multipurpose shipping market is expected to see the first signs of recovery by the end of 2017, following in the steps of the dry bulk and container shipping markets, according to shipping consultancy Drewry. Dry cargo demand is weak but strengthening with multipurpose shipping market share expe
IMO’s New Code for Ships Using Gases Enters into Force
A new mandatory code for ships using gases or other low-flashpoint fuels has entered into force on January 1, 2017, along with new training requirements for seafarers working on those ships, according to International Maritime Organization (IMO). “The International Code of Safety for Ships using Gas
Angola LNG back online
Chevron-led 5.2 million tons per year Angola LNG plant in Soyo has restarted production following the latest shutdown during late December.
Ocean energy markets analyzed in new report
Global Industry Analysts has released a report that provides analysis of the global market for ocean energy with the main focus on wave energy technologies.
Report: Container Fleet Market to Grow by 3.19 Pct over Five Years
The global container fleet market is expected to grow at a compound annual growth rate (CAGR) of 3.19% during the period 2017-2021, according to a report issued by Research and Markets. The report identified Danish shipping giant Maersk, French CMA CGM, Mediterranean Shipping Company (MSC) and China
Oil hits 18-month highs as markets eye output cuts
Oil prices hit 18-month highs on Tuesday, the first trading day of 2017, buoyed by hopes that a deal between OPEC and other big oil exporters to cut production, which kicked in on Sunday, will drain a global supply glut.
Morocco: ONEE selects advisers for LNG-to-power project
Morocco’s power utility ONEE informed it has selected advisers for the development of the country’s LNG to power project.
BIMCO: Shipping Industry Faces Choppy Waters
The shipping industry has its work cut out going forward in 2017 as the period will see another year of die-hard competition, which now includes tankers, according to international shipping association BIMCO. In 2016, the container shipping industry bit the bullet in terms of demolition and consolid
Hyperdynamics taps Schlumberger for Guinea drilling services
Hyperdynamics is getting ready to begin drilling operations at its offshore block in the Republic of Guinea. The company on Tuesday said it signed a deal with Schlumberger for the provision of essential drilling services for the deepwater exploration well planned for the second calendar quarter of 2