Africa
IMO, IOM Pledge Action on Dangerous Migration by Sea
The heads of the International Maritime Organization (IMO) and the International Organization for Migration (IOM) plan to establishment of an inter-agency platform for information sharing on unsafe mixed migration by sea. The platform, the establishment of which stems from a growing number of migran
IMO, IOM Pledge Action on Dangerous Migration by Sea
The heads of the International Maritime Organization (IMO) and the International Organization for Migration (IOM) plan to establishment of an inter-agency platform for information sharing on unsafe mixed migration by sea. The platform, the establishment of which stems from a growing number of migran
Ex-Schlumberger man joins Lekoil’s board
Lekoil, an oil and gas exploration and development company with a focus on West Africa, has appointed Hezekiah Adesola Oyinlola to the Board of Directors, as a Non-Executive Director with effect from June 26, 2015. Oyinlola, who was most recently Chairman of Africa at Schlumberger and was also the P
EGAS Hires PGS for Mediterranean Shoot
PGS has been selected by Egyptian Natural Gas Holding Company (EGAS) to supply services related to the largest seismic oil and gas exploration project in the Mediterranean. The multi-client agreement covering Egypt’s Western Mediterranean Sea was signed Wednesday June 24, 2015 by Egyptian Natural Ga
Northern Offshore, Erin Energy settle ‘Energy Searcher’ contract dispute
Northern Offshore, Ltd. today announced a development in its contract dispute with Erin Energy Corporation (formerly CAMAC Energy Inc.) related to the contract for the drillship the Energy Searcher. Namely, the parties have reached an agreement with respect to the contract dispute settling all dispu
Polarcus selling multi-client library to TGS
TGS and Polarcus have signed a Letter of Intent for TGS to acquire Polarcus’ multi-client library, with the exception of Australia, for a price of $27.5 million on a cash and debt free basis. Polarcus said that the agreement includes an upfront cash payment, a tiered revenue share from future sales
Photo Update: New Suez 90.6% Completed
The State Information Service said that about 232.800 million cubic meters of water-saturated sand has been dredged so far as part of the Suez Canal Development Project. This represents 90.6 percent of a total 258 million cubic meters that should be dredged, the Head of the Suez Canal Authority, Moh
DOF Subsea Angola Relocates and Scores Two Contracts
DOF Subsea has marked the relocation of its Angolan office by signing two contracts with a major operator. The Luanda-based team of 12 has just moved from the centre to new 200 sq. m. premises 20km away in Belas Business Park in the Talatona area. As well as the move, DOF Subsea is celebrating the n
Lekoil CFO calls it quits
Lekoil, an oil and gas exploration and development company with a focus on West Africa, has announced that David Robinson, the company’s Chief Financial Officer, is leaving the Board, and the company, with immediate effect. The company said that Valentine Ejiogu, Lekoil’s Financial Controller, will
African Petroleum in offshore Côte d’Ivoire block transaction deal
African Petroleum, an independent oil and gas exploration company with assets offshore West Africa, has signed a transaction agreement with a London-listed oil and gas company regarding their Block CI-513 licence offshore Côte d’Ivoire. According to the agreement, African Petroleum will provide a fr
Popular news, June 22 – 28, 2015
As it happens, bad news is usually the most popular, and so it was on Offshore Energy Today this past week too. Namely, the most read article was the one on Statoil cancelling a rig contract with COSL, leaving more than two hundred people out of work. The oil giant has cited overcapacity and inabili
Highlights of the Week – Readers’ Choice
Panama Canal Expansion – June 2015 (VIDEO) A new video has just been released on the Panama Canal Expansion Program, the largest infrastructure project since the waterway’s original construction. Long-Term Dredging Deal for DEME Ok Tedi Mining Ltd. (OTML) has awarded to Dredging International, mem