Africa
Hawaiki Cable on Track for Mid-2018 Completion
Hawaiki Submarine Cable LP and TE SubCom have achieved another milestone with the start of the system manufacturing for the Hawaiki transpacific cable system. Hawaiki, the 14,000 km long cable system, will link Australia and New Zealand to the mainland United States, as well as Hawaii, with options
CGG wins seismic job as Mozambique eyes more LNG feedgas
CGG has won a contract from Instituto Nacional de Petroleo (INP) to acquire seismic data offshore Mozambique.
CGG Bags Seismic Acquisition Deal Off Mozambique
CGG has been awarded a multi-client program by the Instituto Nacional de Petroleo (INP) to acquire seismic data offshore Mozambique. The program includes a 2D survey of over 6,550 km in the offshore Rovuma basin, including blocks R5-A, R5-B and R5-C, and a large 3D survey over the Beira High in the
Tema Port Expansion Project Kicks Off
Construction works on the USD 1.5 billion Tema Port expansion have begun, Ghana Ports and Harbours Authority (GPHA) informed. Scheduled to be completed by the fourth quarter of 2019, the project will result in four deep-water berths, a new breakwater and an access channel able to accommodate mega-sh
CGG to acquire seismic data off Mozambique
French geophysical company CGG has been awarded an extensive multi-client program by the Instituto Nacional de Petroleo (INP) to acquire seismic data offshore Mozambique. CGG said on Thursday that the multi-survey program is designed to improve industry insight into the region’s geology and provide
Nigerian LNG cargo heading for Portugal
Portugal is scheduled to receive a cargo of liquefied natural gas shipped from Nigeria at REN’s Sines LNG terminal.
Tema Port Expansion Project Kicks Off
Construction works on the $1.5 billion Tema Port Expansion Project have officially started, according to the Ghana Ports & Harbors Authority (GPHA). This capital development project, expected to be completed by the 4th quarter of 2019, is being executed by the Meridian Port Services (MPS), which is
Ghana: Clontarf, partners submit work program for offshore block
Clontarf, an oil and gas company with assets in Ghana, has informed that proposed work program on the Tano acreage offshore Ghana has been submitted to the Ghanaian authorities in Accra. According to Clontarf, the new work program will form part of the ongoing negotiations regarding the terms of acq
Potential oil output deal prompts another worry: a shortage
By Ron Bousso ISTANBUL (Reuters) – While OPEC and other big crude producers work towards a deal to cap production to erode a glut, industry executives are concerned the sharp drop in investment that followed the oil price crash could lead to another crisis – a supply shortage. Over $1 trillion (£0.8
SacOil settles dispute with Nigdel over Nigerian license
SacOil, an independent African oil and gas company, has settled its legal dispute with Nigel United Oil Company regarding the Oil Prospecting License (OPL) 233 offshore Nigeria. OPL 233 is an offshore oil block that is located in the shallow marine area of the prolific Niger Delta region. It encompa
Clarksons: Shipping Industry Could Keep Its Big Break Going
Given the current conditions, the shipping industry needs supply-side re-positioning to help the markets back to improved health, and increased recycling in recent years has been a clear part of this, according to Clarksons Research. Since the start of 2009, a total of 206.6 million gross tons of sh
IEA: OPEC oil supply at all-time high. Growth in demand drops to four-year low
International Energy Agency (IEA) has informed that OPEC oil supply was at an all-time high during September while growth in oil demand dropped to a four-year low in the third quarter of 2016. According to IEA’s newly released Oil Market Report for October, global oil supply rose by 0.6 million barr