Africa
Shipbuilders to Compete Neck and Neck for New Orders
Major shipbuilding nations will be put to the test during 2016, as the shipbuilding industry enters one of the toughest years in recent history, according to IHS Maritime & Trade. Competition between shipbuilding nations is expected to intensify as a consequence of diversification in other sectors.
IADC Presents Terra et Aqua for June 2016
The International Association of Dredging Companies (IADC) has just released the latest issue of Terra et Aqua, their official quarterly publication. The magazine is supported solely by the IADC as a service to the world-wide dredging community and represents IADC’s commitment to the highest standar
In rare compromise, Nigerian emerges as frontrunner for OPEC boss
VIENNA (Reuters) – A Nigerian oil technocrat has emerged as frontrunner to take the top job at OPEC, with members seeing Mohammed Barkindo as what would be a rare compromise candidate to lead the group amid rising tensions between Saudi Arabia and Iran. Barkindo has been a key face of the Nigerian o
CGG Acquires Data for New Gabonese Licence Round
Following Gabonese 11th deepwater licensing round, CGG has worked with the Direction Generale des Hydrocarbures of Gabon (DGH) to acquire and process over 25,000 km2 of new 3D BroadSeis multi-client seismic data over blocks in the South Basin. The company informed that the fast-track pre-stack time-
CGG’s Gabonese seismic data ‘way beyond expectations’
French oilfield services provider CGG, responsible for a seismic survey supporting the Gabonese 11th deepwater licensing round, said its preliminary seismic data has received praise from potential clients. CGG has worked with the Direction Generale des Hydrocarbures of Gabon (DGH) to acquire and pro
Technip to Develop Gas Field Off Libya
Technip has been awarded a “major” contract to develop the Bahr Essalam Phase II development in the Central Mediterranean Sea. For Technip, a “major” subsea contract is ranging from €500 million to €1 billion, the company noted. This natural gas field development, which is operated by Mellitah Oil &
Technip clinches ‘major’ offshore job in Libya
French oilfield services firm Technip has been contracted to work on an offshore platform at Bahr Essalam field offshore Libya. Technip says that the deal signed with the Italian oil firm Eni is a “major” one, meaning it ranges between 500 million euros and 1 billion euros. The field is located 110
DP World Signs $442 Million Berbera Port Deal
DP World Group Chairman and CEO, Mr Sultan Ahmed Bin Sulayem, has met with the President of Somaliland, Mr Ahmed Mohamed Mahamoud, following the signing of the Port of Berbera agreement. Earlier this month, DP World inked a $442 million contract with the government of Somaliland to develop and opera
DP World Raises USD 1.2 Bn, Agrees to Develop Berbera Port
Dubai-headquartered port and terminal operator DP World has raised USD 1.2 billion in a new 7-year sukuk set to be listed on the Middle East’s international financial exchange NASDAQ Dubai. The issue received strong investor interest and was 2x oversubscribed receiving more than USD 2 billion in bid
Popular news, May 23 – 29, 2016
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Readers’ Picks of the Week (May 23 – 27, 2016)
Interview: Ship Value in Almost All Sectors Close to Historical Lows In May 2011, the mapping, ship search and valuation provider, VesselsValue launched its business operation, introducing a new approach to vessel valuation coined the quantitative analysis… Read More European Shipyards Overtake Asia
Holland Dredge Design Equipment for African Market
The construction of two brand new cutter suction dredgers is now wrapped up and these powerful machines are ready to be shipped to Zambia, according to the builder – Holland Dredge Design BV. Holland Dredge Design BV (HDD) is a Harderwijk based company, specialized in the engineering, designing, bui