Africa
DW sees bright future for FLNG
There will be significant growth in both investment and activity in the FLNG market over the next seven years, with Douglas-Westwood (DW) forecasting total expenditure of $58.3 billion in its new market report. According to the report, 61% of this spend is attributed to liquefaction infrastructure,
DW sees bright future for FLNG
There will be significant growth in both investment and activity in the FLNG market over the next seven years, with Douglas-Westwood (DW) forecasting total expenditure of $58.3 billion in its new market report. According to the report, 61% of this spend is attributed to liquefaction infrastructure,
Rosneft, ExxonMobil jointly bid for blocks offshore Mozambique
Rosneft and ExxonMobil have filed joint bids to participate in the fifth licensing round organized by the Republic of Mozambique Institute of National Petroleum (Instituto Nacional de Petróleo). A total of fifteen blocks were included in the fifth licensing round, comprising some 76,800 sq km of acr
NLNG to Take Delivery of Its Newbuild Quartet by Year-End
The fleet of Nigeria Liquefied Natural Gas Company (NLNG) is about to be joined by four LNG carriers before year-end and another two next year, the company’s CEO Babs Omotowa is quoted by Reuters as saying. The six tankers were ordered in 2013 from Korean shipbuilders Samsung Heavy Industries and Hy
NLNG to Take Delivery of Its Newbuild Quartet by Year-End
The fleet of Nigeria Liquefied Natural Gas Company (NLNG) is about to be joined by four LNG carriers before year-end and another two next year, the company’s CEO Babs Omotowa is quoted by Reuters as saying. The six tankers were ordered in 2013 from Korean shipbuilders Samsung Heavy Industries and Hy
Horizon Geosciences Adds New Vessel to Its Fleet
Horizon Geosciences announced the addition of a new vessel to its fleet, primed for work in the North Sea and West Africa. Horizon Geosciences Business Development Manager Matthew Suchley commented: “Demand for Horizon Geosciences’ geophysical survey services in the North Sea has been such that we s
Subsea 7 Bags USD 500 Mln Gig Offshore Egypt
Subsea 7 announced the award of a contract with a value of approximately USD 500 million by BP, and partner DEA, for the development of the Taurus and Libra subsea fields offshore Alexandria, Egypt. The contract is the first phase of Egypt’s West Nile Delta project where field development will be at
PIRA: LNG balances continue to tilt toward supply overhang
NYC-based PIRA Energy Group said it believes that liquefied natural gas supply/demand balances continue to tilt toward a major supply overhang. While the length in the market has not led to lower spot prices in the past 30 days, the methods required to dispose of incremental LNG supply are becoming
PIRA: LNG balances continue to tilt toward supply overhang
NYC-based PIRA Energy Group said it believes that liquefied natural gas supply/demand balances continue to tilt toward a major supply overhang. While the length in the market has not led to lower spot prices in the past 30 days, the methods required to dispose of incremental LNG supply are becoming
DW: Bright future for FLNG projects over next seven years
There will be significant growth in both investment and activity in the FLNG market over the next seven years, with Douglas-Westwood, an energy intelligence group, forecasting total expenditure of $58.3 billion in its new market report. DW added that 61% of this spend is attributed to liquefaction i
Polarcus Nets West Africa Seismic Contract
Polarcus Limited has received a Letter of Intent (LOI) from an undisclosed client for a 3D marine seismic project offshore West Africa. Polarcus will be utilizing its RightBAND technique for broadband data acquisition. The project, subject to the execution of a service contract, will start in Q3 201
Egypt to Start Building New Side Channel at Port Said
A new side channel is about to be built near the Suez Canal to allow smaller vessels in the Mediterranean a twenty-four hour access to East Port Said instead of current eight-hour access, Reuters reports, citing Klaus Holm Laursen, managing director of Suez Canal Container Terminal (SCCT). The USD 6