Africa
Ezra Bags USD 300M Worth of Contracts
Ezra has received the awards for several new deepwater projects from international oil majors valued at approximately USD 300 million. The awards will be executed in various offshore regions in the Gulf of Mexico, Southeast Asia and West Africa. Furthermore, the awards include Ezra’s largest project
Lekoil: First Otakikpo oil to be lifted in 3Q 2016
Lekoil, an oil and gas company focusing on operations in West Africa, has said that it is closing in on commercial production at Otakikpo field in Nigeria. The field development plan for Otakikpo, located on the shoreline in the south-eastern part of the Niger Delta, consists of two phases: Phase 1
Ezra bags $300M in new deepwater project wins
Ezra Holdings, a provider of integrated offshore solutions to the oil and gas industry, has received the awards for several new deepwater projects from international oil companies valued at approximately $300 million. Ezra said on Monday that these contracts will be executed in various offshore oil
BP sanctions Atoll gas field development (Egypt)
British oil major BP has made a final investment decision for the development of its Atoll discovery in Egypt. The company has sanctioned a ‘fast-track’ development of the gas discovery located in the Mediterranean Sea. The project, which is an early production scheme, will bring up to 300 million c
Drewry: Peak Season Volume to Stay on 2015 Level
The 2016 third-quarter peak season will not bring much respite to carriers as the period is not expected to see much of a volume uplift in the container shipping industry, a recent study conducted by shipping consultancy Drewry shows. Nearly half of the 51 shippers who responded to the survey said t
Egypt targets 120 cargoes in 2017, grabs 11 for June
The Egyptian Natural Gas Holding company (EGAS) could import up to 120 cargoes of liquefied natural gas in 2017.
BP steps forward with Atoll gas discovery development
UK-based energy giant BP has sanctioned the development of the Atoll Phase One project, an early production scheme to bring up to 300 million cubic feet a day gross of gas to the Egyptian market starting in the first half of 2018.
New Ferry Service Connects Morocco to Europe
Moroccan and pan-African banking group BMCE Bank Of Africa Group and Attica Holdings S.A., a subsidiary of Marfin Investment Group, have entered an agreement to operate scheduled ferry services from Morocco to Europe through the newly-established Moroccan company AFRICA MOROCCO LINKS (AML). Attica G
Highlights of the Week
Subsea World News has put together a recap of the most interesting articles from the previous week (June 13 – June 19). Ezra Holdings, Chiyoda Corporation and Nippon Yusen Kabushiki Kaisha (NYK) have entered into a binding agreement for NYK to invest in EMAS CHIYODA Subsea (ECS), which is currently
Popular news, June 13 – 19, 2016
Read the most popular news of the week.
Highlights of the Week
Dredging Today brings you an overview of the most popular stories from the past week (June 13-19, 2016). CCCC Shanghai Dredging Wins Qiupu River Contract CCCC Shanghai Dredging, a subsidiary of China Communications Construction Company Ltd, has won a contract for the survey and design of the Qiupu
Crude oil prices rise for the first time in seven days
By Ahmad Ghaddar LONDON (Reuters) – Crude oil prices rose on Friday for the first time in seven days, but trading remains volatile less than a week before Britain goes to the polls over its EU membership. Brent crude futures <LCOc1> were up $1.11 at $48.30 a barrel by 1142 GMT, having dropped 3.6 pe