Africa
IEA welcomes new Executive Director
The International Energy Agency (IEA) has welcomed Dr. Fatih Birol as the new Executive Director. The energy agency notes that having worked at the IEA for 20 years, Dr. Birol starts the job with an intimate knowledge of where its strengths lie and where – and how – it can improve its ability to eff
China Merchants Posts Double-Digit Profit Jump
China Merchants Holdings (International) Company Limited, the country’s largest port operator, reported HKD 2.78 billion (USD 359m) net profit for the period ended June 30, 2015, an increase of 29.4% over the same period last year, due to increased container throughput in China, and a double-digit r
China Merchants Posts Double-Digit Profit Jump
China Merchants Holdings (International) Company Limited, the country’s largest port operator, reported HKD 2.78 billion (USD 359m) net profit for the period ended June 30, 2015, an increase of 29.4% over the same period last year, due to increased container throughput in China, and a double-digit r
Libya’s NOC, Central Bank woo oil majors in London in struggle for contracts
Libya’s National Oil Company and Central Bank chairmen engaged in another round of blitz meetings with oil majors in London in a renewed effort to stop its rival wooing its clients.
Report: Egypt gas discovery could hurt Israeli exports
Eni’s giant gas discovery made offshore Egypt could hurt Israeli gas exports, Israeli Energy Minister Yuval Steinitz said on Sunday, according to Reuters. After months of delays, Israeli cabinet recently approved a draft plan for Noble Energy and Delek to develop the giant Leviathan field offshore I
Eni discovers ‘supergiant’ gas field offshore Egypt
Italian oil and gas company Eni has made what it describes as a world-class supergiant gas discovery at its Zohr Prospect, in the deep waters of Egypt. The discovery well Zohr 1X NFW is located in the economic waters of Egypt’s Offshore Mediterranean, in 4,757 feet of water depth (1,450 metres), in
Picture of the Day: Dredger on Its Way Home
Dutch Offshore Contractors, an independent company serving the heavy transport needs of clients in the global maritime offshore industry (DOC), has successfully loaded the first of two shipments of dredging equipment in Suez onto HLV Xiang Yun Kou for COSCO Heavy Transport. The modernized Suez Canal
Drewry: What to Do with Family Silver?
The strategies of the major shipping lines regarding terminal ownership are surprisingly varied, with carriers facing a dilemma with their container terminal ownership strategy: whether to sell, to buy, to do both – or do nothing, according to Drewry’s Global Container Terminal Operators Annual Repo
Drewry: What to Do with Family Silver?
The strategies of the major shipping lines regarding terminal ownership are surprisingly varied, with carriers facing a dilemma with their container terminal ownership strategy: whether to sell, to buy, to do both – or do nothing, according to Drewry’s Global Container Terminal Operators Annual Repo
Iranian Fishermen Flee from Somali Pirates after Five Months of Captivity
An Iranian fishing dhow and its crew members managed to escape from Somali pirates after being held hostage for five months, maritime piracy experts from Ocean Beyond Piracy informed. Namely, the crew managed to slip the moorings of its fishing vessel, the Jaber, on Thursday, August 27th, thus fleei
Iranian Fishermen Flee from Somali Pirates after Five Months of Captivity
An Iranian fishing dhow and its crew members managed to escape from Somali pirates after being held hostage for five months, maritime piracy experts from Ocean Beyond Piracy informed. Namely, the crew managed to slip the moorings of its fishing vessel, the Jaber, on Thursday, August 27th, thus fleei
Rosetti Marino Bags OneSubsea Deal
Italy’s Rosetti Marino has secured a contract with subsea specialist OneSubsea UK (a joint venture between the US Cameron & Schlumberger). According to the AIM-listed company, the contract is for the engineering, procurement & construction of subsea production modules for a North African offshore ga