Africa
Highlights of the Week
Subsea World News has put together a recap of the most interesting articles from the previous week (February 22 – February 28). Offshore services player, Helix Energy Solutions, has plummeted into loss as it books some $503 million of non-cash pre-tax charges in the fourth quarter 2015. The company
Popular news, February 22 – 28, 2016
Read the most popular news of the week.
Top news of the week February 22-27, 2016
Eni secures approval for Coral FLNG project in Mozambique Italian energy giant Eni said on Wednesday that the Mozambique government had approved the plan of development for the company’s Coral FLNG project. Cheniere ships first Sabine Pass LNG export cargo to Brazil’s Petrobras Cheniere has on Wedne
Highlights of the Week
Dredging Today brings you an overview of the most popular stories from the past week (February 22-28, 2016). BAM Signs Xbloc License Agreement with Bouygues BAM Infraconsult, under its trade name Delta Marine Consultants, has signed a license agreement with Bouygues for the use of Xbloc on the Cal
Drewry: Ports and Terminals Earning Less Money?
The formation and re-formation of larger carrier alliances along with the increase in average and largest ship sizes are turning up the heat on ports and terminals which might result in diminishing returns, according to UK-based consultancy Drewry. Ports are not immune to the volatility of the marke
Capesize Aground in Suez Canal, Convoys Delayed
A Panamanian-flagged Capesize bulk carrier identified as New Katerina ran aground yesterday in the Suez Canal having lost steering gear. GAC Egypt confirmed to World Maritime News that the stricken ship remains aground today as well. As disclosed, the incident has caused delays in convoy movements,
Eni completes first appraisal well on Zohr discovery (Egypt)
Italian oil company Eni has completed the drilling of the Zohr 2X well, first appraisal well of Zohr discovery, in the Shorouk block, offshore Egypt. The well, drilled in the Shorouk block where Eni, through IEOC, holds a 100% share, is located 1.5 kilometers southeast from Zohr 1X and down-dip of i
Subsea 7 bags BP award offshore Egypt
Subsea 7 announced on Friday the award of a major contract by BP, and partner DEA (Deutsche Erdoel AG), for the development of the Giza, Fayoum and Raven subsea fields offshore Alexandria, Egypt. Subsea 7 defines a major contract as being over $750 million. This is the second phase of the West Nile
Subsea 7 Grabs Egypt Contract
Subsea 7 has won a contract, worth over $750 million, from BP, and partner DEA (Deutsche Erdoel AG), for the development of the Giza, Fayoum and Raven subsea fields offshore Alexandria, Egypt. This is the second phase of the West Nile Delta project, where the field development will be at depths of u
Soco drills duster offshore Congo
Soco International, an oil and gas exploration and production company, has found on hydrocarbons present in the Baobab Marine-1 (BABM-1) commitment well, offshore Congo. Soco started drilling the BABM-1 commitment well, in the Mer Profonde Sud Block located in the Lower Congo Basin, on February 5, 2
MX reveals Aje stake buyer, agrees sale terms (Nigeria)
MX Oil, an oil and gas investing company, has now agreed terms for the sale of its investment in the Aje field offshore Nigeria to GEC Petroleum Development Company Limited (GPDC). GPDC is a Nigerian company actively exploring and developing oil and gas resources in the Niger Delta and Anambra basin
BOURBON’s Two Crew Members Kidnapped off Nigeria
Two crew members of BOURBON-owned anchor handling and tug supply vessel (AHTS) were kidnapped by pirates off Nigeria on the 23rd of February 2016. “BOURBON confirms that one of its vessels, the Bourbon Liberty 251, was the object of an attack. Two crew members of Nigerian and Russian nationalities a