Africa
DEME Wins Port Said Side Channel Work
The Suez Canal Authority (SCA) has hired the Belgian dredging and marine engineering group DEME to dredge a side channel to provide access to the eastern part of Port Said’s port. The side channel will allow smaller vessels in the Mediterranean a twenty-four hour access to East Port Said instead of
New Capital Contracts for DEME
DEME Group, a Belgian dredging, environmental and marine engineering company, has secured several international dredging contracts with a total contract value of 150 million euros. It concerns projects that will strongly improve the accessibility of various world ports for international shipping. Th
Good Third Quarter for Boskalis
Royal Boskalis Westminster N.V. said that they have realized a good third quarter. Quarterly revenue slightly exceeded the average quarterly revenue in the first half of the year. Cumulative revenue for the past three quarters was stable compared to the same period last year when adjusted for (de)co
Boxship Waiting Time Shortest in Busan, Hong Kong and Ningbo
Asia’s ports of Busan, Hong Kong and Ningbo have kept their lead in boxship turnaround efficiency as they required shorter waiting times at anchorages as compared to the rest of top 10 container ports from around the world for October, the latest analysis from IHS Maritime&Trade shows. The analysis
Eni pens concession deals in Egypt
Italian oil company Eni on Thursday inked several agreements with the Egyptian government regarding the oil and gas concessions it operates in the country. Eni says that the agreements will lead to investment for more than $2 billion for the realization of projects to be implemented in the next 4 ye
Idle Boxship Fleet Passes 1 Millon TEU Mark
The global fleet of containerships above 500 twenty-foot-equivalent units made idle has breached the 1 million TEU mark amid depressed containership market, according to Alphaliner. Just in the last two weeks, a total of 35 ships of 109,000 TEUs were made idle. The volume of idle capacity doubled si
Kosmos in second gas discovery offshore Mauritania
Kosmos Energy announced on Thursday that the Marsouin-1 exploration well, located in the northern part of Block C-8 offshore Mauritania, has made a play-extending gas discovery. This is the company’s second major discovery of 2015. The first discovery was made in April 2015 with the Tortue-1 explora
Kosmos Hits Gas Offshore Mauritania
Kosmos Energy announced that the Marsouin-1 exploration well, located in the northern part of Block C-8 offshore Mauritania, has made a gas discovery. This is the company’s second major discovery of 2015. Based on preliminary analysis of drilling and wireline logging results, Marsouin-1 encountered
Global Petroleum renews its licence offshore Namibia
Global Petroleum Limited, an oil and gas exploration company, has renewed its licence offshore Namibia for another year. Namely, Global Petroleum’s wholly owned subsidiary, Jupiter Petroleum (Namibia) Limited, has agreed with the Namibian Ministry of Mines and Energy (MME) a First Renewal Period of
Ophir: Great interest shown in Fortuna FLNG gas
Ophir Energy has finalized commercial terms and is in the process of signing heads of agreements for LNG offtake from the Fortuna FLNG project in Block R, offshore Equatorial Guinea. In a statement issued on Wednesday, Ophir Energy said that the deal was reached with a shortlisted group of counterpa
Ophir to sign Fortuna FLNG offtake HOAs
Ophir Energy finalised commercial terms and is in the process of signing heads of agreement for LNG offtake from the Fortuna FLNG project.
GC Rieber Takes Over Polar Onyx; Secures Work Off Nigeria
Norway’s GC Rieber Shipping has taken over the subsea vessel ‘Polar Onyx’ after its charterer Ceona went into administration and failed to fulfill its obligation under the charter agreement. After seeking coverage for its claims, GC Rieber has achieved final settlement with the Administrators to tak