Africa
Oil prices drop on shrinking Japan economy, more US drill rigs
Oil prices fell to near six-year lows on Monday as Japan’s economy contracted and producers in the United States added drilling rigs for a fourth straight week despite a recent rout in prices.
Bristow inspects fleet after last week’s crash
Bristow Helicopters (Nigeria) Limited Friday confirmed that it was conducting an enhanced inspection review of its S-76 fleet in the wake of last week’s helicopter accident that took the lives of six people. According to Bristow, the company has resumed flying those aircraft that have been inspected
Popular news, August 10 – 16, 2015
Read the most popular news of the week.
Highlights of the Week – Readers’ Choice
Bangladesh to Buy New Dredgers The Bangladesh government has launched a project under which it will procure 20 dredgers for its Inland Water Transport Authority (BIWTA). Royal IHC: Dutch Dredging Solutions in Brazil Royal IHC shared its expertise at a seminar on Dutch dredging solutions for
Readers’ Picks of the Week (8-12 of August)
China Orders Merger Between Two Biggest Shipping Companies The government of China has reportedly ordered the merger of two of the country’s largest state-owned shipping companies – China Ocean Shipping Group (Cosco) and China Shipping Group – to tr… Read more Tianjin Port Explosions Kill at Least 5
Readers’ Picks of the Week (8-12 of August)
China Orders Merger Between Two Biggest Shipping Companies The government of China has reportedly ordered the merger of two of the country’s largest state-owned shipping companies – China Ocean Shipping Group (Cosco) and China Shipping Group – to tr… Read more Tianjin Port Explosions Kill at Least 5
Six dead in offshore helicopter accident in Nigeria
Bristow Helicopters (Nigeria) Limited today confirmed that six people have been killed in an offshore helicopter accident in Nigeria. Bristow Helicopters said that the aircraft, that was involved in an accident in Lagos, Nigeria, on August 12, 2015, carried 10 passengers and a crew of two. The compa
Ophir moving forward with Fortuna FLNG project
Ophir Energy said it has significantly advanced its Fortuna FLNG project in Equatorial Guinea in the first half of this year.
Nigeria: At least four killed in offshore helicopter accident
At least four people were killed in an offshore helicopter accident in Nigeria on Wednesday, Reuters has reported, citing Nigeria Civil Aviation Authority. The helicopter, operated by Bristow Group, was returning from an offshore drilling rig. According to Bristow, the incident happened around 3.30
Höegh Gallant Dropped Down
Norwegian owner and operator of LNG floating terminals Höegh LNG Holdings has agreed to sell the entity that owns the FSRU Höegh Gallant to its spin-off Höegh LNG Partners for a purchase price of USD 370 million. The existing debt related to the Höegh Gallant is approximately USD 183 million and wil
Höegh Gallant Dropped Down
Norwegian owner and operator of LNG floating terminals Höegh LNG Holdings has agreed to sell the entity that owns the FSRU Höegh Gallant to its spin-off Höegh LNG Partners for a purchase price of USD 370 million. The existing debt related to the Höegh Gallant is approximately USD 183 million and wil
Oil prices stabilise after U.S. stock draw, but China outlook drags
Oil prices stabilised on Thursday, supported by lower U.S. stockpiles and a firm demand outlook, but worries over China’s economy continued to weigh.