Africa
Pancontinental contests Tullow’s Namibian license cash call
Pancontinental Namibia has received a cash call claim for more than $0.5 million from Tullow Oil. The claim stems from alleged costs incurred by Tullow during operatorship of Namibian license PEL 37. Pancontinental said on Monday that it received a purported cash call from Tullow on Friday, December
Sirius Inks ISM Deal with Schlumberger for Its Nigeria Campaign
London-listed Sirius Petroleum said it has entered into a contract with Schlumberger for the provision of integrated services management (ISM). As part of Sirius’ shallow offshore development strategy in Nigeria, the contract is for a multi-well campaign, which should start in the first half of 2017
BP teaming up with Kosmos in Mauritania and Senegal
BP is buying into Kosmos Energy’s exploration blocks located offshore Mauritania and Senegal. The UK oil giant said Monday it would buy a 62% working interest, including operatorship, of Kosmos’ exploration blocks in Mauritania and a 32.49% effective working interest in Kosmos’ Senegal exploration b
BP joins Kosmos to develop West Africa LNG export project
Kosmos Energy formed ties with BP through a US$916 million farm-out of assets in the Mauritania-Senegal basin.
Popular news, December 12 – 18, 2016
Read the most popular news from the offshore energy sector.
Highlights of the Week
Dredging Today brings you an overview of the most popular stories from the past week (December 12-18, 2016). IADC Dredging in Figures 2015 Available The International Association of Dredging Companies (IADC) has just released its Dredging in Figures 2015, an annual review of the global dredging ma
CLIA: 97 New Cruise Ships to Enter Service by 2026
The cruise industry is expected to introduce a total of 97 new cruise ships from 2017-2026 totaling an estimated investment of USD 53 billion through 2026, Cruise Lines International Association (CLIA) reports in its 2017 State of the Cruise Industry Outlook. In 2017 alone, cruise lines are schedule
SEA-ME-WE 5 Subsea Cable Construction Complete
Construction of the South East Asia-Middle East-Western Europe 5 (SEA-ME-WE 5) submarine cable has been completed, SEA-ME-WE 5 consortium informed. The cable connects Malaysia, Singapore, Indonesia, Myanmar, Bangladesh, Sri Lanka, Pakistan, Oman, the United Arab Emirates, Djibouti, Saudi Arabia, Egy
Malaysia-Cambodia-Thailand Submarine Cable Laying Work Begins
Telekom Malaysia Berhad (TM) informed that the cable laying works for Malaysia – Cambodia – Thailand (MCT) submarine cable system have started in Cherating, Pahang. The cable laying from Malaysia to Cambodia and Thailand, spanning 1,300 kilometers is expected to be completed and in service by Q1 201
Emas nets $93 million in new charters
Offshore services provider Emas Offshore has secured new contracts for charters amounting to approximately $93 million, including options if exercised. While $61 million was awarded during the period from September 1, 2016, to November 30, 2016, (Q1FY2017), the remaining $32 million worth of contrac
World Bank allocates $500M for Ghana’s Sankofa project
World Bank members IFC and MIGA will commit more than half a billion dollars in debt and guarantees to support Vitol and Eni’s Sankofa offshore oil and natural gas project in Ghana. The $7.7 billion Sankofa project will be developed by Vitol Ghana and Eni Ghana, in partnership with Ghana’s National
Transnet Announces Key Milestone for DCT Pier 2
Transnet National Ports Authority’s project to deepen and lengthen berths at Durban Container Terminal (DCT): Pier 2 has reached a key milestone – the multi-billion Main Marine Construction Works package will go out to tender this month. This follows the two environmental approvals secured from the