Africa
Eni Gets Approval for FLNG Facility off Mozambique
Italy-based oil and gas company Eni has received an approval to construct and install a floating liquefied natural gas (FLNG) facility with a capacity of around 3.4 mtpa at the Coral discovery, offshore Mozambique. The company said that the FLNG facility is part of the development located in water m
East Port Said Canal Inauguarted
East Port Said’s side canal was officially inaugurated on Wednesday by the vice admiral Mohab Mameesh, head of Suez Canal Authority, Daily News Egypt reports. The inauguration followed a navigation test of the canal with the successful passage of the first shipping vessel through the channel which w
Moscow Forum of Dredging Companies Starts
The 3rd International Forum of Dredging Companies, organized by the media group PortNews with FSUE Rosmorport and IADC as partners, kicks off today in Moscow. The visitors will have chance to learn more about new dredging and land reclamation technologies, to review the equipment for operations in s
East Port Said Channel Officially Inaugurated
Egypt’s Prime Minister Sherif Ismail officially inaugurated the port of East Port Said’s side channel yesterday. The inauguration ceremony was attended by the Chairman of Suez Canal Authority, Mohab Mamish, along with a number of ministers, governors and foreign diplomats. “The objective of the cana
Two offshore workers kidnapped from vessel in Nigeria
Another offshore kidnapping has happened in the Gulf of Guinea. Two offshore workers have been kidnapped from an offshore support vessel in Nigeria. According to the owner of the vessel, France-based Bourbon Offshore, unknown assailants captured two crew members from the Bourbon Liberty 251 anchor h
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. The approval relates to the first phase of development of 5 trillion cubic feet of gas in the Coral discovery, located in the Area 4 permit. The giant
Eni Gets PDO Approval for Coral Discovery Off Mozambique
Eni has been granted the approval of the Plan of Development (PDO) for the Coral discovery, located offshore Mozambique. The approval has been granted by the Government of Mozambique’s Council of Ministers. The approval relates to the first phase of development of 5 trillion cubic feet of gas in the
Eni gains green light for Coral development offshore Mozambique
Italian oil company Eni has announced the approval of the Plan of Development for the Coral discovery, offshore Mozambique. The confirmation from the Italian company arrived only a day after the company’s Chief Exploration Officer, Luca Bertelli, said during the IHS CERAWeek conference in Houston th
PGI: Kidnappings More Profitable Than Oil Theft
Since mid-January there has been a notable uptick in reported incidents of piracy in the Gulf of Guinea, showing that pirates have given up on oil cargo theft and instead started kidnapping crew members for ransom, UK-owned risk management solutions provider Protection Group International (PGI) said
Tanker Rates Projected to Tumble towards Year End
The influx of tonnage is expected to drive down tanker shipping rates towards the end of the year, according to the latest edition of Drewry’s Tanker Forecaster. The projection comes as tonnage supply, which has increased at a slow pace in recent years, is expected to accelerate in the next two year
Interview: South Africa Faced with Shortfall in Investment
While still developing as a shipping hub, South Africa is well positioned to become a major centre for the shipping industry. World Maritime News spoke with Eric Barnard, Managing Director at GAC Shipping, about the current situation in the country’s port and maritime industry along with the major c
Update: MT Maximus Hijackers Arrested and on Display in Nigeria
The Nigerian Navy on Monday publicly paraded the pirates, who were arrested for hijacking the Panamanian oil tanker MT Maximus which the navy released in a night-time gun battle with the pirates near Sao Tome. Namely, the six bare-chested men, all of Nigerian nationality, were paraded in front of th