Africa
Panoro Energy tightens its loss
Panoro Energy, an independent exploration and production company, has narrowed its loss in the third quarter of 2015 when compared to the same period last year. The total net loss in the third quarter of 2015 was $1.8 million, compared to a net loss of $2.2 million in the corresponding period last y
Bowleven set to enter Tanzanian gas market
Bowleven, an independent oil and gas exploration company focused on Africa, has moved a step toward entering the gas market in Tanzania. The company, which owns assets in Cameron, Kenya and Zambia, said it has signed a conditional heads of terms with Aminex to buy a 25 percent interest in the soon t
GEOMAR Scientists Embark on GEOTRACES Expedition
German research vessel METEOR, under the leadership of the GEOMAR Helmholtz Centre for Ocean Research Kiel, is set to take on another GEOTRACES (GA08) cruise in the southeastern Atlantic. For the past seven years, the international research program GEOTRACES has been investigating the sources, sinks
Alcatel-Lucent Starts Phase II of ACE Subsea Link
Alcatel-Lucent Submarine Networks is to roll out Phase II of the Africa Coast to Europe (ACE) submarine cable system, a 5,000km extension from the Gulf of Guinea island of Sao Tomé-et-Principe to South Africa. Phase II will link Namibia, Angola, the Democratic Republic of Congo, Congo-Brazzaville an
Polarcus Bags Egypt Shoot
Seismic player Polarcus has secured a contract with an undisclosed client for a 3D marine seismic project offshore Egypt. This is another deal Polarcus scored offshore Egypt, having previously announced a 50-days seismic shoot in March this year. The project, expected to run for approximately two an
Polarcus scoops 3D marine seismic project offshore Egypt
Polarcus Limited, an offshore geophysical company, has signed a contract for a 3D marine seismic project offshore Egypt. According to Polarcus’ Oslo Stock Exchange filing, the company will be utilizing Polarcus’ RightBAND technique for broadband data acquisition. The project will start in 4Q 2015 an
UPDATE: Pirates Release Four Solarte Crew Members
The four seamen kidnapped from a Russian refrigerated cargo ship off the Niger Delta on October 19 have been released, Deputy Chancellor of the Lithuanian Government Rimantas Vaitkus told news agency ELTA. As a reminder, the four crew members, two Lithuanian and two Ukrainian seamen, were taken host
MainOne Upgrades Its West Africa-Europe Submarine Cable
MainOne announced the completion of the upgrade of its submarine cable network between Nigeria, Ghana and Portugal to a 100G wavelength system. The 100G wavelength upgrade, implemented using the Xtera Nu-wave Optima optical networking platform is expected to provide additional capacity support for M
Panoro: Aje drilling done. First oil in January
Panoro Energy on Monday announced the completion of well operations on the Aje field on the OML 113 license offshore Nigeria. The Aje-4 well, which was previously drilled in 2008, has been completed as an oil production well, the company said. This follows the previously reported completion of the A
Popular news, November 9 – 15, 2015
Popular news, November 9 – 15, 2015
Highlights of the Week
Dredging Today brings you an overview of the most popular stories from the past week (November 8-15). PortMiami Dredging Pays Off PortMiami is positioning itself to capture new trade opportunities thanks to more than $1 billion of capital infrastructure projects now complete. TSHD Severnaya Dvin
IEA sees bear oil market as stocks balloon
The world is awash with oil after having built record stockpiles in recent months and slowing demand growth combined with resilient non-OPEC supply could worsen the glut well into next year, the International Energy Agency (IEA) said on Friday.