Africa
Update: EGAS denies LNG payment issues
Egyptian Natural Gas Holding Company (EGAS) said it has postponed BP’s LNG delivery for the later part of the year, denying having problems with payments for the LNG cargo.
Infographic: Piracy and Crime Increase in 2015
UK’s maritime intelligence and operations company Dryad Maritime has released its analysis of worldwide reported incidents of piracy and crime against mariners for 2015. Southeast Asia saw a 10% rise in maritime crime from 2014, continuing year on year trends. A large portion of the incidents report
Oil rises 6 percent but set for biggest January fall in 25 years
By Amanda Cooper LONDON (Reuters) – Oil rose by more than 6 percent on Friday, as a cold snap boosted demand for heating oil across the United States and Europe, but was still mired near its lowest since 2003 and set for its largest drop in January in at least 25 years. Crude futures were […]
Alphaliner: Containership Growth to Hit Record Low
This year’s global containership capacity is expected to grow at a pace of only 4.6%, the lowest ever recorded for the global containership fleet, according to Alphaliner. Falling below the previously smallest year-on-year increase of 5.5%, recorded in 2009, this year will register well below the av
Oil industry turns to women in hour of need
By Dmitry Zhdannikov DAVOS, Switzerland (Reuters) – Facing one of its worst crises in a generation, the oil industry is trying to open up – to women. Even when oil was selling at above $100 a barrel, most of the industry’s top executives said they struggled to find and retain young talent. Year afte
LNGWN poll: Shell shareholders say yes, but what about BG?
The shareholders of Royal Dutch Shell will vote in favour of the proposed Shell-BG combination, a poll conducted last week by LNG World News reveals.
Schlumberger lays off 10.000
Schlumberger, world’s largest oilfield services provider slashed 10.000 jobs in the fourth quarter of 2015. The company said that the reason was an expected extended activity weakness in the first half of 2016. This led the company to recognize in the fourth quarter $530 million in pretax restructur
CGG Acquires Airborne Gravity and Magnetic Survey Off South Africa
CGG is set to start a multi-client airborne gravity and magnetic survey offshore South Africa. The Petroleum Agency of South Africa (PASA) has authorized the program which will extend across two blocks totaling approximately 78,000 line kilometers. The survey areas are located offshore Cape Agulhas
CGG runs multi-client airborne survey offshore South Africa
CGG, a French-based geophysical services company, has announced that it will start a multi-client airborne gravity and magnetic survey offshore South Africa. The Petroleum Agency of South Africa (PASA) has authorized the program which will extend across two blocks totaling approximately 78,000 line
Bahri to Set Up JV Company with Suez Canal Authority
National Shipping Company of Saudi Arabia (Bahri) is exploring possibilities with the Suez Canal Authority (SCA) on establishment of a joint Egyptian-Saudi shipping company. Namely, the two sides sealed a strategic agreement on cooperation in maritime transport on Wednesday, Bahri said. Under the de
DEME’s TSHD Marieke During Abidjan Project
DEME – an international group specialized in dredging, land reclamation, dyke construction, flood defense work, port construction, etc – has just released this beautiful photo taken during the reclamation works for a new fishing port in Abidjan, Ivory Coast. The Port of Abidjan’s general management
Report: Eni lifts force majeure on NLNG gas supplies
Eni has reportedly lifted the force majeure on natural gas supplies to the Nigeria liquefied natural gas export plant, declared due to a sabotage on a pipeline in December.