Africa
New Guidelines for Better Valuing Natural Solutions for Coastal Protection
With more than $300 billion paid out by insurers for coastal storm damage in just the past 10 years, losses from natural disasters are reaching all-time highs, according to The Nature Conservancy. As coastal communities seek to maximize the cost-effectiveness of their infrastructure solutions, The W
DOF Subsea Wins More than $61 Mln in Contracts
DOF Subsea has been awarded several IMR and subsea installation contracts the past months, with a total contract value in excess of NOK 500 million ($61.4 million). The contracts will secure utilization of the subsea project fleet in the regions. In the Asia Pacific region DOF Subsea has been awarde
ENGIE Pens LNG Import Deal with EGAS
French utility company ENGIE and the Egyptian national company EGAS, have executed a cooperation agreement on LNG importation to Egypt during the state visit of French President François Hollande to Egypt. Pursuant to the agreement, signed under the auspices of the Egyptian Ministry of Petroleum and
First Kaombo FPSO turret ready for integration
Dutch-based FPSO systems manufacturer Bluewater has informed that the first of the two turrets for FPSOs being built for Total’s Kaombo project offshore Angola, is ready for integration. Additionally, Bluewater Energy Services has reached a milestone of 2 million man-hours worked without any inciden
Panoro: Aje field to produce first oil ‘shortly’ (Nigeria)
Panoro Energy, an independent oil and gas E&P company focused on West Africa, has informed that the Aje oil field offshore Nigeria is in the final stages of development operations. According to the company’s statement on Wednesday, the final hook up procedures are in progress with a view to the well
DOF Subsea nets over $60M in new deals
DOF Subsea has been awarded several IMR and subsea installation contracts over the past months, with a total contract value in excess of NOK 500 million ($61.45M). In the Asia Pacific region, DOF Subsea has been awarded an LOI from a ‘key client’ for an EPCI project with the offshore phase during fi
MSI: Capesize Upturn Remains Fragile
A rise in iron ore trade, higher steel prices and increased scrapping have been the main factors in the recent Capesize market uptick, however, according to Maritime Strategies International’s (MSI) latest Dry Bulk Freight Forecaster, the outlook is still fragile. In order for the uptick to be susta
WFW, Stephenson Harwood advise on BW Singapore FSRU financing
Watson Farley & Williams and Stephenson Harwood law firms advised on an export credit agency backed US$216 million post-delivery financing of the BW Singapore FSRU deployed in Egypt.
Busy Q1 for UniSite Group
UniSite Group, a Chinese company involved in dredging, land reclamation, offshore projects, marine, mechanical engineering and green remediation projects, took an active part in many project all over the world in the first quarter of 2016. In this time frame, UniSite supplied a significant amount of
Africa-1 Subsea Cable Announced
MTN Group, PCCW Global, Saudi Telecom Company (STC), Telecom Egypt (TE) and Telkom South Africa have signed a Memorandum of Understanding (MoU) for the construction of the new ‘Africa-1’ submarine cable system. This consortium-funded system will connect Africa with the Middle East and South Central
Engie in LNG cooperation with EGAS
French LNG player Engie on Monday executed a cooperation agreement with the Egyptian National Gas Company (EGAS) for imports of liquefied natural gas to Egypt.
Containership Scrapping to Pick Up in 2016
Containership scrapping is expected to intensify in 2016 as charter market demand for Panamax ships is bound to remain muted based on the recent forecast from Drewry. Drewry bases its argument on the rising demolition prices for scrapping which were kept pretty low throughout 2015. Hence, the amount