Africa
BDI Hits New All-Time Low
The new year is not off to a great start for the dry bulk shipping industry as the Baltic Dry Index (BDI) reaches new all-time low. BDI dropped by five points on Tuesday reaching its lowest level yet of 468 points since its previous record low of 471 points posted in December last year. Capesize ind
Hyperdynamics ‘extremely disappointed’ by Tullow and Dana
Hyperdynamics Corporation, an independent U.S.-based oil company with assets in Guinea has informed that there will be no resumption of petroleum operations offshore the Republic of Guinea due to a refusal by Tullow and Dana Petroleum, the company’s partners in the block, “to meet their obligations”
DW: 2016 shaping up to be just as challenging as 2015?
2015 was a tough year. Spending and headcounts have been slashed across the industry and the spectre of bankruptcy is an all too common concern, Douglas-Westwood, an energy intelligence group, said in its latest DW Monday report. Recent trends in commodity prices have not helped, DW noted. Late Dece
ISIS Attacks Libya’s Largest Oil Port
Libya’s largest oil port of Sidra was attacked early Monday by Islamic State militants who were trying to seize the port. The militants reportedly clashed with Petrol Facilities Guard militia leaving at least seven people dead, with Associated Press claiming that the death toll reached 11. However,
Major offshore energy events of 2015, Vol. 2
Major offshore energy events of 2015, Vol. 2
BIMCO: 2016 Another Challenging Year for Shipping
As the 2016 dawns upon us, the shipping industry should brace itself for yet another challenging year, according to BIMCO, as hope for a bounce-back in 2016 fades away. Despite this, the International Monetary Fund has forecast higher GDP growth rates for 2016 across the board. The shipping industry
2015 Deadliest Year for Migrants Crossing the Med
With over 3,770 estimated deaths, 2015 has been the deadliest year on record for migrants and refugees crossing the Mediterranean, trying to reach Europe, data issued by the International Organization for Migration show. In comparison, approximately 3,270 deaths were recorded in the Mediterranean in
Shipping Bodies Launch Cyber Security Guidelines
Shipping organizations comprising BIMCO, CLIA, ICS, INTERCARGO and INTERTANKO have launched a set of guidelines to help the global shipping industry prevent major safety, environmental and commercial issues that could result from a cyber incident onboard a ship. The cyber guidelines launched today a
Senegal: Cairn done with SNE-2 appraisal. CEO pleased
Oil and gas exploration and production company Cairn has announced the successful testing of the SNE-2 appraisal well offshore Senegal with positive results. The company has said that the operations at the well have been safely and successfully completed following drilling, coring, logging and drill
Popular news Dec 28, 2015 – Jan 3, 2016
Popular news Dec 28, 2015 – Jan 3, 2016
Dredging Stories That Marked 2015
With the new year ahead of us, Dredging Today is bringing you a recap of the most popular posts from 2015. Van Oord, Boskalis to Build Artificial Island Off Jakarta Van Oord and joint venture partner Royal Boskalis Westminster have won a major land reclamation contract in Indonesia. DEME Bags Major
2015 in review: readers’ picks of the year
The year 2015 has brought with it many highlights like the startup of Santos’ Gladstone GLNG project and the first LNG delivery to Poland’s Swinoujscie LNG terminal. But in this LNG World News review of 2015, we bring you the ten articles our readership found the most interesting during the course o