Africa
Eni sells Shorouk concession stake to BP
Eni of Italy on Friday said it has agreed to sell a 10 percent participating interest in the Shorouk concession, offshore Egypt, to BP.
BP Acquires Interest in Egypt’s Zohr Field
BP has agreed to buy from Eni a 10% interest in the Shorouk concession offshore Egypt, which contains the giant Zohr gas field, for $375 million. On closing, BP will also reimburse Eni for BP’s share of past expenditure, the company said. As part of the agreement, BP also has an option before the en
Popular news, November 21 – 27, 2016
Read the most popular news from the offshore energy sector.
BP buys stake in super-giant Zohr gas field offshore Egypt
British oil and gas company BP has acquired a share in the giant Zohr gas discovery offshore Egypt from Eni, an oil and gas company based in Italy. BP on Friday said the acquisition of a 10% interest in the Shorouk concession offshore Egypt, which contains the super-giant Zohr gas field, would cost
Cairn takes Stena drillship for Senegal wells
Cairn Energy has decided to drill two appraisal wells on the SNE oil field off Senegal in 2017 with Stena Drilling’s 2007-built drillship, Stena DrillMAX. Cairn, as the operator, has a 40% working interest in the three blocks offshore Senegal (Sangomar Deep, Sangomar Offshore, Rufisque Offshore). Co
BIG Submersible Dredge Pump for African Market
BIG Dredging, part of the BIG Machinery Group, has sold the first HDD Submersible Dredge Pump 200 to an African customer. The pump will be used in the mining sector together with the CAT 349E. The most important feature of the pump are the double curved impeller blades. This increased the efficiency
IMB: Pirate Dies in Attack on Tanker off Nigeria
An unknown number of pirates armed with automatic weapons in a speed boat approached and fired at a tanker while it was some 61 nautical miles off the coast of Bayelsa Coast, Nigeria, according to data provided by IMB Piracy Reporting Centre. Alarm aboard the vessel was raised, while the onboard sec
WISTA UK: Smart Ships to Carry Cargoes within a Decade
Smart ships are likely to be carrying cargoes within 10 years but all in the logistics chain need to adapt in order to make good use of the new technology and the huge amount of data that will be available as a result, according to the Women’s International Shipping & Trading Association (WISTA) UK.
Drewry: VLGC Oversupply to Put More Pressure on Freight Rates
High scheduled deliveries and low demolition prospects will drive unwanted fleet growth of very large gas carriers (VLGC) in 2017 putting additional pressure on freight rates, according to shipping consultancy Drewry. VLGC rates remain under pressure on account of ample vessel supply and weak arbitr
VIDEO: Sentwatec’s Dredge-King Launched in Madagascar
Senwatec, a German manufacturer of dredging equipment, successfully commissioned and launched their versatile multipurpose amphibian dredging machine, named the Dredge-King, in Madagascar earlier this month. The Dredge-King is a compact mobile dredger, equipped for deep water bucket and hydraulic dr
Medserv to support Eni’s Libya ops
Medserv Energy, a provider of oilfield support services to the offshore oil and gas sector, has been re-awarded a contract by the Italian oil and gas company Eni in Libya. Medserv said on Wednesday that, according to the contract, the company will provide logistics base and associated services for E
Another partner gives financing nod for Coral South FLNG
Mozambique’s state-owned energy firm Empresa Nacional de Hidrocarbonetos (ENH) has given its approval for the financing of the development of the Coral south FLNG project. The approval comes less than a week after Italian oil and gas firm Eni, which is the operator of the Coral offshore gas discover