Africa
DW: Gas to see more rapid production increase than oil
Whilst 2016 has so far seen much discussion surrounding the oil price, oversupply and the almost daily mini-rallies that appear as fickle as a two-year old’s breakfast selection, not a great deal of attention has been paid to the gas outlook, Douglas-Westwood has argued in its DW Monday report. From
Saudis to Bankroll Suez Canal’s Industrial Zone
The Saudi investors plan to inject around EGP 3 billion (USD 337 million) into the development of an industrial zone around Egypt’s Suez Canal, Egypt’s Maritime Transport Sector (MTS) said. For this purpose, the two parties plan to establish a joint venture company named Gosoor ElMahabba. The invest
Renewables Thrive in 2015
Renewable generation capacity increased by 152 gigawatts (GW) or 8.3% during 2015, the highest annual growth rate on record, according to new data released by the International Renewable Energy Agency (IRENA). Renewable Capacity Statistics 2016 finds that as of the end of 2015, 1,985GW of renewable
Cairn gears up for fourth well offshore Senegal
Cairn Energy is preparing to start drilling the fourth exploration well in the ongoing evaluation programme offshore Senegal, after completing its latest, third well with ‘positive results’. Operations on the third well, BEL-1, have been completed following drilling, coring and logging and the well
Popular news, April 4 – 10, 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 4-10, 2016). Boskalis Completes Acquisition of STRABAG Wasserbau Royal Boskalis Westminster N.V. (Boskalis) has concluded the acquisition of the dredging activities and assets of STRABAG Wasserbau GmbH. D
Pirates Target Second Tanker off Nigeria in a Week
A group of armed pirates tried to board a vessel some 80 nautical miles off the coast of Brass, Nigeria, resulting in a second unsuccessful hijacking attempt on tanker vessels in a week, according to reports from ICC International Maritime Bureau (IMB). Seven pirates armed with automatic weapons in
Damen CSD500 Ready for Algerian Job
The Damen Field Service crew has just returned from the commissioning of Barracuda cutter suction dredger in Algeria. The customized Damen cutter suction dredger CSD500 has been delivered with a complete dredging package including a booster station and dredge piping enabling immediate start up. The
WTO Expects Sluggish World Trade Volume Growth in 2016
Growth in the volume of world trade is expected to remain sluggish in 2016 at 2.8%, unchanged from the 2.8% increase registered in 2015, the World Trade Organization (WTO) estimates. Imports of developed countries should moderate this year while demand for imported goods in developing Asian economie
Tullow Confirms Turret Bearing Damage on Jubilee Field FPSO
Following technical investigation on the condition of the turret bearing on the Tullow’s FPSO Kwame Nkrumah, the company confirmed that the bearing has been damaged and is no longer able to rotate as originally designed. The FPSO is moored in approximately 1,100 meters water depth on the Jubilee fie
Sonangol Sambizanga heading to pick up Angola LNG cargo?
Chevron-led Angola LNG project could ship a cargo of chilled gas in the coming weeks as an LNG tanker is heading towards the plant in Soyo, shipping data showed. This would be the first cargo of chilled gas to leave the Soyo LNG export plant since the project was shut down in April 2014 after [&hell
Tullow committed to drilling offshore Namibia
Tullow has reportedly committed to drilling an exploration well offshore Namibia by late March 2017. According to Pancontinental Oil & Gas, Tullow has elected to continue as a partner in the Namibian licence PEL 37, and will drill a well, subject to identifying a drillable prospect. Pancontinental c