Africa
MSI: Dry Bulk Market Could Recover in 4th Quarter
The dry bulk markets are expected to see a fourth quarter bounce in chartering activity for both the Capesize and Panamax sectors,driven by improving iron ore, coal and grain trades, but the effects may be limited, according to Maritime Strategies International (MSI). MSI said that it sees positive
Tullow, Dana exit Guinea block. Hyperdynamics now a sole owner
Hyperdynamics Corporation, a company with assets in Guinea, has reached a settlement with Tullow and Dana Petroleum, ending their ongoing arbitration. To remind, Hyperdynamics’ Guinea subsidiary SCS had alleged that Tullow and Dana failed to meet their obligations over a block offshore Guinea in whi
VIDEO: First oil flows from TEN project off Ghana
Independent oil exploration and production company Tullow Oil plc has informed that first oil has flowed from the Tweneboa, Enyenra, Ntomme (TEN) fields offshore Ghana, to the FPSO Prof. John Evans Atta Mills. The FPSO is moored around sixty kilometers offshore Western Ghana at a water depth averagi
Boskalis 2016 First Half Results: ‘Drastic Measures’ Announced
Royal Boskalis Westminster N.V. realized a net profit of EUR 147.5 million in the first half of 2016 (H1 2015: EUR 306.5 million). Revenue in the first half of the year fell 25% compared to the first half of last year to EUR 1.17 billion (H1 2015: EUR 1.57 billion). Whereas the first half of 2015 wa
Sparrows, SPIE join forces to support oil & gas industry
Sparrows Group and SPIE Oil & Gas Services have signed a global agreement to work in collaboration to support the energy sector. Sparrows explained that the deal will see the companies work together to initially deliver their collective service offering throughout Africa before they expand the scope
Report: First oil from Tullow’s TEN due on Thursday
First oil production from the Tullow-operated Tweneboa, Enyenra and Ntomme (TEN) project, offshore Ghana, is reportedly expected on Thursday, August 18, 2016. According to Graphic Online, a news website from Ghana, the country’s president John Dramani Mahama will inaugurate the first oil from the TE
DredgingToday.com Podcast: Global Dredging Perspective
Welcome to the second DredgingToday.com Podcast, with our host Rosie Moth of RedMeters.com. In this episode we will be discussing the global dredging perspective with the Secretary General of the International Association of Dredging Companies, Rene Kolman, and Technical Consultant Murray Leach. The
Portugal awaits Algerian LNG cargo
REN’s Sines LNG terminal located on Portugal’s Atlantic coast is scheduled to receive a cargo of the chilled fuel from Algeria.
Oil falls as investors assess chances of output freeze
Oil fell for the first time in a week on Wednesday, but remained in sight of six-week highs, as investors weighed up how successful potential talks among producers to rein in ballooning oversupply would be.
Gulf Marine Services hit with early SESV contract termination
Gulf Marine Services (GMS),a provider of self-propelled self-elevating support vessels (SESVs) serving the offshore oil and gas industry, got an early contract termination for one of its vessels. The company reported on Tuesday that a notice of early termination has been received for a Mid-Size Clas
Cairn gearing up for fresh drilling campaign offshore Senegal
Independent oil and gas company Cairn Energy is planning to start a further exploration and appraisal campaign offshore Senegal in the fourth quarter of 2016 or in the first quarter of 2017. Cairn, as the operator, has a 40% WI in the three blocks offshore Senegal (Sangomar Deep, Sangomar Offshore,
OPEC deal a tough task, as oil output freeze expectations rise
By Rania El Gamal and Alex Lawler DUBAI/LONDON (Reuters) – OPEC will probably revive talks on freezing oil output levels when it meets non-OPEC nations next month as top exporter Saudi Arabia appears to want higher prices, according to OPEC sources, although Iran, Iraq and Russia present obstacles t