Africa
Sea Trucks wins IMR work in West Africa
Sea Trucks Group, a provider offshore support services to the oil & gas industry, has won an IMR contract from an unnamed ‘oil major’ in West Africa. Sea Trucks said on Thursday that the contract entails inspection, maintenance, and repair (IMR) contract work, beginning in the fourth quarter of 2016
Subsea 7 wins Atoll gas field job
Subsea 7 on Thursday said it has been awarded a contract by Pharaonic Petroleum, a joint venture formed by BP and its partners in the Ras El Bar concession, for the Atoll field offshore Egypt.
Moore Stephens: Shipping’s Operating Costs Fall for 4th Successive Year
Total annual operating costs in the shipping industry fell by an average of 2.4% in 2015, compared with the 0.8% average fall in costs recorded for 2014, representing the fourth successive year that the operating costs were in decline, according to shipping consultant Moore Stephens. All categories
‘Entrepreneur for Entrepreneurs Trophy’ for DEME
DEME has won the second edition of the “Entrepreneur for Entrepreneurs Trophy” as most sustainable company 2016. The trophy honors companies from the North that sustainably promote entrepreneurship in the South. The prize was handed out yesterday in attendance of Deputy Prime Minister and Minister f
Subsea 7 Bags Atoll Field Contract Off Egypt
Subsea 7 has secured a substantial contract, in the Atoll field offshore Egypt, by Pharaonic Petroleum Company. The contract scope includes the engineering, procurement, construction and installation of more than 40 kilometres of rigid pipelines and associated structures for the new Atoll field, tyi
Subsea 7 lands Atoll work offshore Egypt
Subsea 7, a subsea engineering, construction and services company, has been awarded a substantial contract, offshore Egypt, by Pharaonic Petroleum Company to be executed at water depths of over 900 meters in the Atoll field. Subsea 7 defines a substantial contract as being between $150 million and $
Exxon Mobil set to start drilling as Liberia breaks free from Ebola
U.S. oil giant Exxon Mobil is reportedly set to begin drilling operations in its license offshore Liberia. According to Reuters, which cited the company’s spokesperson, the drilling operation in Exxon Mobil’s Liberia-13 deepwater block, is expected to start in November 2016. Exxon Mobil acquired an
Drewry: Gradual Recovery Expected in Container Shipping
Despite continuing concerns of weak trade growth and fleet oversupply in the container shipping market, a gradual market recovery is now expected, according to shipping consultancy Drewry. Worse than expected second quarter financial results will be followed by a better second half-year. But Drewry
All Set for CEDA Dredging Technology Webinar
The next event in the CEDA webinar series on dredging equipment and technology will be a practitioner-level presentation on ‘Production estimation based on specific energy in sand, clay and rock’ and will take place today, from 14:00-15:00 hrs (CEST). The practitioner-level webinars are for professi
SEALNG: LNG Sector Ready to Meet Shipping Industry Demand
The cross-industry coalition SEALNG has highlighted the ability of the liquefied natural gas (LNG) sector to meet the future emissions requirements of the global shipping industry ahead of the 70th Session of the IMO’s Marine Environment Protection Committee (MEPC). “Independent of the timing of the
Royal IHC Held Dredging Seminar in Port Harcourt
Last week, October 12-13, 2016, Royal IHC was the organizer of a dredging seminar in Port Harcourt, Nigeria. The first day focused on determining criteria for selecting dredging equipment and analyses of the cost per cubic meter. During an open discussion, solutions and criteria for financing dredgi
Dredging Today Ready to Host Its First Conference
The Dredging Today Conference 2017 will take place on 9-10 October, 2017 in RAI Amsterdam, with the theme ‘Business Opportunities & Reaching Potential in the Dredging Industry’. To make this event unique, Dredging Today will give the dredging companies an opportunity to come up with ideas for the co