Africa
DNV GL Unveils Its Unmanned FLNG Concept
DNV GL has developed a new unmanned floating LNG concept intended to unlock the potential of remote offshore gas fields by overcoming some of the exiting operational challenges. The concept is called Solitude and combines exiting technological advances into a solution that, according to DNV GL, offe
ICS Dismayed by US Stance on Ballast Water Regime
The International Chamber of Shipping (ICS) voiced its fears that the unilateral stance taken at last week’s IMO MEPC meeting by the United States regarding the progress on ballast water implementation problems may actually have the opposite effect. ICS believes that shipowners can now have increase
DSC Dredge Delivers Wolverine Duo
The General Authority for Fish Resources Development (GAFRD) in Egypt recently took delivery and received training in the operation of two 10-inch Wolverine Class Dredges, designed and manufactured by DSC Dredge facility in Michigan. The GAFRD, responsible for Egypt’s fisheries management, will use
Ghana Invests in Coastal Protection
The Government of Ghana is working on a $150 million worth coastal protection projects that will deal with persistent tidal flooding and sea erosion problems of the country’s Western Region Districts. The projects, being implemented by various contractors in Ahanta West, STMA and the Shama Districts
DEA farms out West Nile Delta stake to BP
DEA Deutsche Erdoel AG has equalized its working interest and farmed down its stake in the West Nile Delta (WND) project in Egypt to its Joint Venture partner and operator BP in order to, as the company said, better balance its portfolio. According to the press release, the deal includes the sale of
Eni, Ocean Rig execute drilling contracts for two drillships
Ocean Rig UDW Inc. has extended the contract for the drillship Ocean Rig Poseidon with ENI Angola for a further one year until the second quarter of 2017 with total contract backlog now standing at about $367 million. This deal had been announced earlier in January 2015, and it stipulated Eni would
Eco-Conscious China Keeps Dry Bulk Market Down
The dry bulk shipping market is not expected to return to profitability until 2017, despite a modest recovery in earnings anticipated over the next two years, according to the latest edition of the Dry Bulk Forecaster, published by global shipping consultancy Drewry. The dry bulk market has always b
Kosmos finds gas offshore Mauritania
Kosmos Energy’s Tortue-1 exploration well in Block C8 offshore Mauritania has encountered additional hydrocarbons while drilling to total depth to evaluate the deeper Albian stratigraphy. Based on the preliminary analysis of drilling results, Tortue-1 has intersected approximately 10 meters (32 feet
Erin Energy: Oyo-8 well production exceeds expectations (Nigeria)
Erin Energy Corporation announced today that the Oyo-8 well located in OML 120 offshore Nigeria has exceeded expectations and is currently producing at a stabilized rate of 7,080 barrels of oil per day. Erin Energy is the operator and has a 100% interest in the well. The company started production f
Progress on the New Waterway Discussed
Egypt’s President Abdel Fattah al-Sisi met yesterday, May 17th 2015, with the Chairman of the Suez Canal Authority Mohab Mamish to discuss the progress being made on the New Suez Canal project. During the meeting, President Sisi emphasized that the project must be completed on time and in accordance
Erin Energy gets licence extension in The Gambia
Erin Energy Corporation, a Texas-based oil and gas company formerly known as Camac Energy, has received approval to extend the initial exploration period for blocks A2 and A5 in The Gambia. The company says that the exploration period is extended by 24 months, to December 31, 2018, and that the work
Two More Giants Heading for Suez
Some of the world’s largest dredgers will arrive in Egypt over the next few weeks where they will join the crews that are already working on the expansion of the Suez Canal, reported the Middle East News Agency (Mena). According to Engineer Wagdy Zaki, executive manager of the project’s dredging wor