Africa
Cairn kicks off SNE appraisal program offshore Senegal
Cairn Energy has started the appraisal program to evaluate the SNE oil discovery, offshore Senegal. According to FAR Limited, a partner in the project, the three wells SNE-2, SNE-3 and BEL-1 will be drilled back to back in a program that is estimated to be completed in mid-2016. Both SNE-2 and SNE-3
Eni-led JV wins exploration rights off Mozambique
Italy’s Eni and partners have been awarded A5-A block offshore Mozambique in the fifth competitive bidding round.
Readers’ Picks of the Week (Oct 26th – Oct 30th)
Study: New LNG-Fuelled Concept Boxship Doesn’t Need an Engine Room GTT CMA CGM and its subsidiary CMA Ships and DNV GL released a technical and feasibility study for a new mega box ship today the Piston Engine Room Free Efficient Contai… Read More 124 Injured When Turbojet Ferry Hits Unknown Object
Popular news, October 26 – November 1, 2015
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Highlights of the Week
Machiavelli Ready for Action As part of a future Corio Bay Channels Upgrade Project, investigative works in the vicinity of No 1 and No 2 Beacons in the Wilson Spit Channel will be conducted between October 28 and November 9, 2015. Dredge Yard Delivers the Auger […]
Moore Stephens: Ship Operating Costs Going Up
Vessel operating costs are expected to rise in both 2015 and 2016, according to the latest survey by international accountant and shipping consultant Moore Stephens. Crew wages, repairs and maintenance, and drydocking are the cost categories likely to increase most significantly over that period. Th
Moore Stephens: Ship Operating Costs Going Up
Vessel operating costs are expected to rise in both 2015 and 2016, according to the latest survey by international accountant and shipping consultant Moore Stephens. Crew wages, repairs and maintenance, and drydocking are the cost categories likely to increase most significantly over that period. Th
Drewry: European LNG Demand Not Enough to Lift Freight Rates
European LNG demand growth will not be sufficient to raise LNG shipping freight rates, according to the LNG Forecaster report published by shipping consultancy Drewry. Namely, LNG shipping freight rates continue to be under pressure from weak Asian demand and a growing fleet and shipowners are seen
Drewry: European LNG Demand Not Enough to Lift Freight Rates
European LNG demand growth will not be sufficient to raise LNG shipping freight rates, according to the LNG Forecaster report published by shipping consultancy Drewry. Namely, LNG shipping freight rates continue to be under pressure from weak Asian demand and a growing fleet and shipowners are seen
Oil industry slipping into the red as outlook dims
The oil sector is slipping into the red after years of fat profits as the steep slump in oil prices shows little sign of ending, with this quarter shaping up to be the worst since the downturn started.
Orca gets $60M loan for Songo Songo drilling
Orca Exploration Group Inc. has secured a loan to finance part of its offshore development project in Tanzania. The company entered the $60 million loan agreement with International Finance Corporation, a member of the World Bank Group. Proceeds of the loan will be used to fund part of an estimated
Eni finds more gas in Nile Delta (Egypt)
Italian oil company Eni has discovered more gas in the Abu Madi West licence, in the Nooros field, offshore Egypt. The company on Thursday said its well Nidoco NW3, the appraisal well of Nidoco NW 2 Dir discovery, encountered a 65 meters thick gas bearing sandstone layer of Messianian age with excel