Africa
Erin Energy restarts Oyo-8 well following well intervention
Independent oil company Erin Energy Corporation informed on Tuesday that the Island Constructor light well intervention (LWI) vessel has completed work on the Oyo-8 well, offshore Nigeria, and the company has resumed production from the well. To remind, the Island Offshore-owned vessel departed Norw
Drewry: Shipowners Forced to Either Cut Rates or Fleet
The current container market downturn is forcing some independent shipowners to either reduce charter rates to help save ailing carriers or opt for idling, selling or scrapping their vessels, according to shipping consultancy Drewry. Much of the focus on the recent slump in the container shipping ma
Anadarko Q1 loss shrinks
Woodlands-based Anadarko on Tuesday said the company’s losses narrowed in the first three months of the year as its reduced costs amid low oil and gas prices. Anadarko posted a net loss of $1.03 billion, compared with a net loss of $3.27 billion in the same quarter a year ago. The company said earli
Popular news, April 25 – May 1, 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 (April 25-May 1, 2016). Spotlight on LNG-Powered Dredger Royal IHC recently released an article written by Robert van de Ketterij, Managing Director of IHC MTI, about the advantages and challenges of running a tra
Golar-Schlumberger Tie-Up Unaffected by Fortuna Decision
Schlumberger’s withdrawal from the Fortuna/Ophir development will not in any way influence the framework agreement which has been signed between Golar and Schlumberger targeting FLNG development projects, the two companies said in a statement. Namely, oil and gas explorer Ophir Energy Plc said that
Angola LNG to ship cargo in May, Chevron CEO says
The Chevron-led $10 billion Angola LNG project is expected to ship its first cargo of chilled gas in May after a two-year shutdown, Chevron’s CEO John Watson said on Friday. The Angola LNG project was closed in April 2014 after a major rupture on a flare line. The LNG project started recommissioning
Grounded Boxship Suspends Northbound Convoys in Suez Canal
Northbound convoys in the Suez Canal have been suspended following grounding of a 153,514 DWT containership on April 28, according to GAC Egypt. The vessel ran into trouble due to engine problems and is still grounded at the same position. According to GAC, the ship was the tenth vessel in the South
Analysts grow more bullish on oil, OPEC poses no threat to rebalancing
By Apeksha Nair and Arpan Varghese (Reuters) – Analysts are growing increasingly confident that a near-two-year rout in oil has ended, and raised their price forecasts for a second month running, as healthier demand and a drop in U.S. shale output balance the market by 2017. The inability of OPEC an
Golar-Schlumberger deal unaffected by Fortuna talks breakdown
LNG giant Golar LNG and oilfield services behemoth Schlumberger have reassured the market that today’s break-up in talks between Schlumberger and Ophir Energy over Fortuna FLNG deal, will not affect the framework agreement which has been signed between Golar and Schlumberger. To remind, oil and gas
Government of Japan Donates Dredging Equipment to ESCOM
The Government of Japan has donated dredging equipment to the Government of Malawi worth around $4.54 million to help Electricity Supply Corporation of Malawi (ESCOM) enhance its work of generating electricity in the country. Bright Msaka, the Minister of Natural Resources, Energy and Mining, receiv
Pura Vida weighs Ambilobe options (Madagascar)
After its partner Sterling Energy decided to exit the Ambilobe block, offshore Madagascar, Pura Vida Energy has to weigh its options. Namely, Pura Vida has 30 days to decide whether to assume, at no cost, a 100% ownership interest and operatorship of the Ambilobe block, located in the Ambilobe deep