Africa
Cairn hires drillship for drilling campaign in Senegal
Cairn Energy has hired the Ocean Rig Athena drillship for a drilling campaign in Senegal. According to FAR Limited, a partner in the project, the drilling program is expected to start in the coming weeks. The drillship is currently in Angola, expected to mobilize to Senegal within days. The firm dri
IEA: Global oil demand growth set to slow down in 2016
Global demand growth is expected to slow from its five-year high of 1.8 mb/d in 2015 to 1.2 million barrels per day (mb/d) in 2016 – closer towards its long-term trend as previous price support is likely to wane, the IEA Oil Market Report for October informed subscribers. Recent downgrades to the ma
James Fisher Subsea Excavation Launched
James Fisher and Sons plc has announced the launch of James Fisher Subsea Excavation (JFSE), the new trading name and brand of the sole dedicated mass flow excavation (MFE) service provider worldwide. The launch follows a period of growth and development in James Fisher’s MFE business over the last
Offshore oil output to plunge as producers scrap field upgrades
Global offshore oil production in ageing fields will fall by 10 percent next year as producers abandon field upgrades at the fastest rate in 30 years, in the first clear sign of output cuts outside the U.S. shale industry, exclusive data shows.
CMA CGM Adds Morrocco Links Ahead of Fruit & Veg Export Season
CMA CGM and its subsidiary OPDR are launching five maritime services in October and November to connect Morocco with the largest importers of this African country’s citrus fruits and vegetables during the export season. The five new services will offer fourteen weekly departures from Morocco to top
CMA CGM Adds Morrocco Links Ahead of Fruit & Veg Export Season
CMA CGM and its subsidiary OPDR are launching five maritime services in October and November to connect Morocco with the largest importers of this African country’s citrus fruits and vegetables during the export season. The five new services will offer fourteen weekly departures from Morocco to top
‘Maersk Deliverer’ spinning drill bit again after yard stay
Maersk Drilling’s semi-submersible drilling rig ‘Maersk Deliverer’ has completed its five-yearly special periodic survey (SPS) yard stay ahead of time. According to Maersk, the yard stay had more than 210 job packages and 584 work orders that needed to be completed within 35 days along keyside. The
Egypt Picks 7 Companies to Deliver 55 LNG Cargoes
Egypt has chosen to buy 55 cargoes of liquefied natural gas (LNG) from seven out of twelve companies which vied for the tender, Egypt’s Ministry of Shipping announced on Monday. The tender originally invited bids for 45 cargoes of LNG. Tariq Al-Mullah, Egypt’s Minister of Petroleum and Mineral Resou
Egypt Picks 7 Companies to Deliver 55 LNG Cargoes
Egypt has chosen to buy 55 cargoes of liquefied natural gas (LNG) from seven out of twelve companies which vied for the tender, Egypt’s Ministry of Shipping announced on Monday. The tender originally invited bids for 45 cargoes of LNG. Tariq Al-Mullah, Egypt’s Minister of Petroleum and Mineral Resou
Africa – frontier or future heartland?
Africa may dominate deepwater expenditure in the next five years. This year’s Drilling & Dollars panel during Offshore Energy (October 13-14) focuses on the paradox between the many opportunities for exploration and production offshore Africa and the cold feet of North European SMEs to take the leap
EGAS awards second LNG tender
Egyptian Natural Gas Holding Company selected seven winners of the second LNG supply tender among 12 bidders.
OPEC sees more demand for its crude in 2016 as cheap oil hits its rivals
OPEC forecast on Monday that demand for its oil in 2016 would be much higher than previously thought as its strategy of letting prices fall hits U.S. shale oil and other rival supplies, reducing a global surplus.