Africa
Amec Foster Wheeler Wins Kenyan Oil Terminal Deal
Amec Foster Wheeler has been awarded a project management consultancy contract by consultancy company NIRAS to support the next stages in the development of a Kenya Ports Authority project for the offshore relocation and expansion of the Kipevu Oil Terminal (KOT) in Mombasa, Kenya. KOT will be reloc
Commissioner Highlights Progress on Eko Atlantic City
The Commissioner for Waterfront Infrastructure Development, Engr. Adebowale Akinsanya, yesterday provided an update on one of the most ambitious real estate developments in Africa – the Eko Atlantic City project in Lagos. Engr. Akinsanya spoke about the project at the Y2016 Ministerial Press Briefin
Pura Vida directors agree to salary cuts
Pura Vida Energy, an ASX-listed oil explorer focused on Africa, has informed that its directors have agreed to salary cuts as part of company’s cost reduction program. The company said both its executive and non-executive directors agreed to reduce their remuneration, a decision which „demonstrates
New Mykonos Splits in Two, Sinks off Madagascar
Panamanian-flagged bulk carrier New Mykonos, which ran aground on January 29, south of Faux Cap, southern Madagascar, broke into two and sank last week, according to AllAfrica. The ship is reportedly lying in 25 metres of water, almost fully submerged. The 1997-built bulker was carrying a full load
Sonatrach to supply LNG to Jordan
Algeria is set to supply liquefied natural gas to Jordan following the signing of a memorandum of understanding on Monday.
IMO’s MSC Gives Nod to Ship Construction Rules from 12 ROs
Ship construction rules for oil tankers and bulk carriers submitted by 12 classification societies comply with the goals and functional requirements set by the International Maritime Organization for new vessels, according to IMO’s Maritime Safety Committee (MSC). The MSC reviewed goal-based standar
Oil prices rise on Nigerian outages, Goldman forecast
By Henning Gloystein and Dmitry Zhdannikov SINGAPORE/LONDON (Reuters) – Oil prices jumped over 2 percent on Monday to their highest since October 2015 on growing Nigerian oil output disruptions and after long-time bear Goldman Sachs said the market had ended almost two years of oversupply and flippe
Goldman raises short-term oil price outlook citing market rebalance
(Reuters) – Goldman Sachs <GS.N>, one of the most bearish forecasters on oil for about a year, on Monday raised its short-term price outlook for U.S. crude projecting steeper near-term cuts in global output. “Pulling forward” its forecast, the bank now sees West Texas Intermediate (WTI) prices avera
BIMCO: Container Shipping Fleet Nears 20 Mn TEU Mark
The container shipping fleet could break through the 20 million TEU barrier shortly and, with an estimated net addition of 0.68 million TEU of capacity for the full year, the milestone could be reached in June, according to BIMCO. Over the last decade, the fleet size in TEU increased by 240% and rea
Forum Energy Technologies’ Subsea PLRs for North Africa Project
Forum Energy Technologies has delivered a number of its subsea pig launchers and receivers (PLRs) and laydown heads for a project in North Africa. The nine PLRs have been deployed as part of a development of nine subsea wells, which vary from 4 to 24 inches in size, with water depths ranging from 30
ExxonMobil terminates Seadrill’s drillship contract
U.S. oil company ExxonMobil has terminated a drillship contract it had with Seadrill Partners, a subsidiary of the offshore driller Seadrill. The drilling company on Friday said it had received a notice of termination for the West Capella drillship. According to Seadrill’s fleet status report, the r
Popular news May 9 – 15, 2016
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