Africa
DW cautiously optimistic about new oil & gas FIDs
The oil & gas industry is known for being cyclical, however, the current reality of a ‘lower for longer’ oil price has made sanctioning large offshore projects financially unviable, Douglas-Westwood, an energy intelligence group, writes in its DW Monday report. Many oil majors have opted to focus on
Iran crucial for OPEC production cut deal, secretary says
OPEC Secretary General, Mohammad Sanusi Barkindo, met with Iran’s Minister of Petroleum, Bijan Namdar Zanganeh, during a closed-door session on November 19 in Tehran. The visit comes ahead of the much-awaited OPEC meeting in Vienna on November 30, where OPEC members will decide whether to cut oil pr
Maersk Cotonou Attacked off Nigerian Coast
The 4,496 TEU containership Maersk Cotonou was attacked by supposed criminals attempting to board the vessel off the Nigerian coast on November 19, Danish shipping giant Maersk Line confirmed to World Maritime News. Maersk said that the 2011-built vessel was attacked at 10am local time while it was
IADC Facts About: Selecting a Destination for Dredged Material
The International Association of Dredging Contractors (IADC) has just released a new ‘Facts About’ publication named ‘Selecting a Destination for Dredged Material‘. ‘Facts About’ is a series of concise, easy-to-read leaflets which give an effective overview of essential facts about specific dredging
Drewry: No Recovery for Asia – West Africa Container Traffic
The third quarter drop in volumes was unexpectedly severe and must have caught carriers out by surprise as Asia to West Africa container traffic fell by 19% in the third quarter, while the end-year result will not be much better, according to shipping consultancy Drewry. As the biggest West African
MSI: Dry Bulk Market Heading Into a Firm Festive Season
After a steady fall in average daily TCE spot earnings in October, November saw an inflection point for Capesizes as the dry bulk market is sailing into a firm festive season, swiftly followed by a New Year comedown, according to research and consultancy firm Maritime Strategies International (MSI).
GESAMP Study on the Way
New work to assess the environmental impacts of wastes from mining operations which have been disposed into the marine environment is set to begin shortly. The work will be undertaken by a dedicated working group, established by the Joint Group of Experts on the Scientific Aspects of Marine Environm
Readers’ Picks of the Week (November 14 – 18, 2016)
Readers’ Picks of the Week (November 14 – 18, 2016)
Popular news, November 14 – 20, 2016
Read this week’s most popular offshore industry news roundup on Offshore Energy Today
Top news of the week November 14-19
Novatek CEO: first Yamal LNG cargo on track Novatek’s giant Yamal project in Russia is on track to ship its first cargo of LNG by the end of next year with the project’s plant around 85 percent complete, according to Novatek’s CEO Leonid Mikhelson. EAGC: will we see another Prelude FLNG? Hague-based
Highlights of the Week
Dredging Today brings you an overview of the most popular stories from the past week (November 14-20, 2016). Royal IHC, ANP Ink TSHD Deal Royal IHC has signed a contract for the design, construction and delivery of a 4,200m³ trailing suction hopper dredger (TSHD) with Administración Nacional de Pu
BDI Reaches New High in 2016
The Baltic Dry Index (BDI) jumped by 26 points and reached 1,257 points on November 18, marking its highest level so far in 2016 amid a strong recovery in the dry bulk market over the last month. The Capesize index was up by 21 points reaching 2,752, the Panamax index was up by 35 points to [&hellip