Africa
Readers’ Picks of the Week (Aug 29 – Sept 2, 2016)
Hanjin Files for Court Receivership, HMM to Buy Its Assets The financially troubled Hanjin Shipping has succumbed to the prolonged depression in the shipping market as the South Korean carrier decided to file for court receivership… Read More Interview: More Boxships Set to Join Scrap Markets in 4Q
Africa’s First Ever Dredging Simulator
Africa’s first ever dredging simulator was launched today in the port city of Durban, South Africa. The project represents another positive spin-off of ongoing collaboration between Transnet National Ports Authority (TNPA), the Transnet Maritime School of Excellence (MSoE), the Netherlands based Roy
BIMCO: Dry Bulk Freight Rates Still Low Despite Demand Growth
The first half of 2016 has revealed that the dry bulk market is nowhere near balanced as there was a strong demand growth from China, while the devastating freight rate levels over the same period remained strong, according to BIMCO. BIMCO’s data on seaborne iron ore imports into China, shows a grow
Eni Completes Fifth Well in Zohr Campaign
Eni has informed that Zohr 5x, the fifth well on Zohr structure, has been drilled to the final TD of 4,350 meters. The Zohr 5x well is located in 1,538 meters of water depth and 12 kilometersm south west from the discovery well Zohr 1x. The well proved the presence of a carbonatic reservoir and [&he
Eni strikes gas at Zohr 5x well offshore Egypt
Italian energy firm Eni is making progress with the development of its giant Zohr gas field in the Mediterranean Sea, offshore Egypt. The company on Thursday said that Zohr 5x, the fifth well on Zohr structure, was drilled to the final TD of 14,271 ft (4,350 m). The Zohr 5x well is located in 1,538
Senegal’s SNE oil discovery could go on stream in 2022
Far Ltd., an oil and gas company with a stake in the SNE oil field offshore Senegal, has said that the commercial viability of the field has been confirmed. Following the successful results of the 2015/2016 appraisal program of the SNE oil field offshore FAR Ltd has assessed that the Minimum Economi
Eni completes drilling the fifth Zohr well
Eni of Italy informed the Zohr 5x well, the fifth well in the Zohr natural gas structure has been drilled to the final depth of 4,350 meters.
Cyprus to Send Gas to Egypt via Subsea Pipeline
Cyprus has signed an agreement concerning the transport of natural gas to Egypt via a direct subsea pipeline. The deal was signed in Nicosia on Wednesday, August 31, 2016 by the minister of energy, commerce, industry and tourism of the Republic of Cyprus, Georgios Lakkotrypis, and the minister of pe
Cyprus, Egypt sign deal to transport gas via subsea pipeline
Cyprus has signed an agreement with Egypt over the transport of natural gas between the two countries through a subsea pipeline. The agreement was signed on Wednesday in Nicosia between the Minister of Energy, Commerce, Industry and Tourism of the Republic of Cyprus, Georgios Lakkotrypis, and the Mi
Cyprus, Egypt sign gas supply deal
Egypt and Cyprus have signed an agreement regarding the transport of natural gas via a direct subsea pipeline from Cyprus to Egypt for domestic consumption or re-export.
TSHD JUN YANG 1 on Her Maiden Voyage
The TSHD “JUN YANG 1”, built Royal IHC in 2016 for Guangzhou Dredging Company (GDC), is currently on her maiden voyage from Kinderdijk, the Netherlands, to Guangzhou, China, taking the long way home via Cape Town. The “Jun Yang 1” of 167.5 x 31.0 meters is propelled by two MAN type 9L48/60CR main en
CGG and GOSCO Establish Seismic Joint Venture in Ghana
French seismic contractor, CGG, has signed an agreement with GNPC Operating Services Company (GOSCO), an independent Ghanaian E&P services company, to form a joint venture company dedicated to conducting 2D, 3D and 4D marine seismic acquisition and related services in the territorial waters of the R