Africa
IEA: Non-OPEC output falls year-on-year for first time since 2012
Exceptionally mild temperatures in the early part of the winter in Japan, Europe and the United States – alongside weak economic sentiment in China, Brazil, Russia and other commodity-dependent economies – saw global oil demand growth flip from a near five-year high in the third quarter of last year
WWL Takes Over CAT-WWL
Scandinavian provider of RoRo shipping and vehicle logistics services Wallenius Wilhelmsen Logistics (WWL) has entered into an agreement with partner company Groupe CAT to acquire its 50% shares in CAT-WWL, a joint venture network of ten vehicle processing facilities based in South Africa. “This acq
Cairn returns to second appraisal well off Senegal
The second appraisal well to be drilled on the Cairn Energy-operated SNE oil field, 100km offshore Senegal, has been re-entered and will now be drilled to planned total depth. The SNE-3 well, located approximately 3km south of the initial SNE-1 discovery well, will further evaluate the potential of
Oil, gas salaries fall as price slump forces cost cuts
Oil and gas workers saw their salaries fall 1.4 percent over the past year after a sharp decline in oil prices forced their employers to trim costs, but their average global salaries remain high at more than $80,000 (£56,057) a year.
ITF Urges Govt to Intervene in Morocco Port Dispute
The International Transport Workers’ Federation is calling on the Head of Government of Morocco to intervene in an ongoing dispute at the Port of Casablanca. According to ITF, management at Somaport terminal is trying to impose new ways of working that are not in line with the collective bargaining
China and Algeria Sign USD 3.3 Billion Port Deal
China and Algeria have signed a USD 3.3 billion agreement to build a new center transshipment port at Cherchell, Algiers, Xinhua reported. Located some 60 km west of the capital Algiers, the expanded Cherchell port will be able to handle 6.5 million 20-foot containers and 26 million tons of goods pe
RME Cape Verde bags over $900K from SEFA
Resolute Marine Energy (RME) Cape Verde, a subsidiary of the US-based wave energy player RME, has received $930,000 to develop a wave-powered desalination system. The fuding granted by the African Development Bank-hosted (AFDB) Sustainable Energy Fund for Africa (SEFA) will be used for setting up th
IRENA: Boosting Global Share of Renewables Is a Win-Win-Win Scenario
Dramatically scaling up renewables in the global energy mix by 2030 would increase global gross domestic product (GDP), social welfare and employment worldwide, according to a new report released by the International Renewable Energy Agency (IRENA). Renewable Energy Benefits: Measuring the Economics
PGS Begins Seismic Shoot for Chariot Off Namibia
Chariot Oil & Gas, in conjunction with its partners AziNam (20%), NAMCOR (10%) and Ignitus (5%), has started a 3D seismic acquisition of approximately 2,600 square km in Blocks 2312 & 2412A (Central Blocks) offshore Namibia. The survey is being conducted by PGS Exploration (UK) Limited and will fulf
Chariot Oil & Gas starts 3D survey of two blocks in Namibia
Chariot Oil & Gas, an independent oil and gas exploration company, has started a 3D seismic acquisition survey of approximately 2,600 square km in Blocks 2312 & 2412A (the Central Blocks), offshore Namibia. Chariot Oil & Gas’ partners are AziNam with 20% interest, NAMCOR 10%, and Ignitus with 5% int
Popular news, January 11 – 17, 2016
Popular news, January 11 – 17, 2016
Readers’ Picks of the Week ( 11-15 Jan, 2016)
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