Africa
Eni CEO: Zohr discovery could be larger than initially reported
Claudio Descalzi, the Chief executive officer of Italy’s largest oil company Eni, has said that giant gas discovery in Egypt, announced by Eni last week could be even larger than initially reported. According to a Reuters report on Wednesday, Descalzi said that the Zohr discovery reserves estimates
EUNAVFOR: No Room for Complacency over Somali Piracy
Whilst Somali-based piracy in the Indian Ocean and Gulf of Aden is suppressed, there is no room for complacency regarding the on-going threat, the EU Naval Force Operation Commander, Major General Martin Smith MBE, said at a breakfast meeting earlier today with senior shipping industry representativ
EUNAVFOR: No Room for Complacency over Somali Piracy
Whilst Somali-based piracy in the Indian Ocean and Gulf of Aden is suppressed, there is no room for complacency regarding the on-going threat, the EU Naval Force Operation Commander, Major General Martin Smith MBE, said at a breakfast meeting earlier today with senior shipping industry representativ
MSC Adds Euro Heavyweights to Angola Express
Swiss container line Mediterranean Shipping Company (MSC) is adding three European ports to its Angola Express service as of September 18. The 2,000 TEU MV Nicholas will be the first ship in the revised service to call at the ports of Rotterdam, Antwerp and Bassens. The new service now also includes
MSC Adds Euro Heavyweights to Angola Express
Swiss container line Mediterranean Shipping Company (MSC) is adding three European ports to its Angola Express service as of September 18. The 2,000 TEU MV Nicholas will be the first ship in the revised service to call at the ports of Rotterdam, Antwerp and Bassens. The new service now also includes
New Terra et Aqua Published
International Association of Dredging Companies (IADC) has just introduced the latest issue of Terra et Aqua, their official quarterly publication. The magazine is supported solely by the IADC as a service to the world-wide dredging community and represents IADC’s commitment to the highest standards
Oil markets rise as Asian stocks soar
Crude oil prices stabilized on Wednesday as Asian stock markets caught a tailwind from a strong performance in the United States and Europe, although fuel markets remained generally dogged by oversupply.
Erin Energy gets more time for Kenya drilling
Erin Energy Corporation has obtained an eighteen-month extension of the Initial Exploration Period (IEP) of its offshore Kenya blocks, L27 and L28. The IEP on blocks L27 and L28 has been extended to February 2017. “We are delighted to receive this eighteen-month extension,” said Segun Omidele, Senio
Worldwide offshore rig count slightly rises. Still down compared to a year ago
The worldwide offshore rig count moved to 308 active units in August, up by 9 from 299 in July 2015, and down 73 from August 2014, Baker Hughes reported Tuesday. According to the report, the international offshore rig count for August 2015 (excluding the U.S. and Canada) was 270, up 6 from the 264 c
Aker Solutions Selects President for UK and Africa Region
Aker Solutions has appointed David Clark as regional president of the UK and Africa to oversee an expansion and support operations in these markets. Clark, a UK national, has most recently been engaged as vice president of production facilities for Schlumberger. He has also held leadership positions
Indonesia wants to reactivate full OPEC membership
Indonesia has submitted an official request to the Organization of the Petroleum Exporting Countries (OPEC) to reactivate its full membership in the organization. The request has been circulated to all OPEC Member Countries for their consideration and approval. OPEC has announced that the Indonesian
Aker Solutions names UK and Africa manager
Aker Solutions has appointed David Clark as regional president of the UK and Africa to oversee an expansion and support operations in these key markets. Clark, a UK national, has more than 30 years of experience from the oilfield services, projects and contracting industry, most recently as vice pre