Africa
Egypt Ports Conference Approaches
Egypt stands poised to take advantage of great advances in trade infrastructure; expanding the Suez Canal, developing its ports and revitalizing its core infrastructure through the creation of new economic and infrastructure developments. With tight deadlines and ambitious vision, these projects rep
CAMAC readies Oyo-8 for production. FPSO inspection delays it
CAMAC Energy Inc. has finished completion operations on the Oyo-8 well, located offshore Nigeria, and is now ready to start oil production. Oyo-8 is hooked up to the Bumi Armada-owned FPSO Armada Perdana. However, CAMAC has been informed by Bumi that the FPSO is not ready to receive oil production f
New HORIZONS: Boskalis’ Role in New Suez
Boskalis, a leading global services provider operating in the dredging, maritime infrastructure and maritime services sectors, launched today the second edition of its magazine ‘Creating New HORIZONS’. In the publication, Boskalis highlighted a number of fascinating projects, including the expansion
Azonto thinking of sale or Merger. Gazzelle FID faces delay
Azonto Petroleum has said that its board is going through a review of “a range of strategic options for the Company to preserve shareholder value and reduce operating costs.” In a statement issued today, the oil & gas company focused on West Africa, said that it is contemplating a sale of its assets
VIDEO: Dredgers and Pipes in New Suez Canal
The New Suez Canal is the name of a new waterway project in Egypt, expanding the existing Suez Canal between the Mediterranean Sea and the Red Sea. This program is part of the Suez Canal mega project, which includes the development of several seaports in the three governorates bordering the canal, S
Kindele-1 well offshore Angola disappoints VAALCO
VAALCO Energy, Inc. has announced that the post-salt Kindele-1 well, its first exploration well on Block 5 offshore Angola, was drilled to a total vertical depth of approximately 1,829 meters. VAALCO started drilling Kindele-1 well on March 2, 2015 with Celtic Sea semi-submersible drilling rig. Acco
Ensurge, NARIL Enter Guyana Dredging Deal
Ensurge, Inc. has entered into a definitive agreement with North American Resources Inc. Ltd. (NARIL) for management and eventual acquisition of commercial dredging operations in Guyana. NARIL is a Guyana mining company that has been conducting gold exploration and mining for over twenty years. They
Image of the Day: Suez Canal Making Room for More Ships
This aerial image brings you up to speed of dredging works at the Suez Canal currently undergoing expansion. According to the head of the Suez Canal Authority Mohab Mamish, there are 34 dredgers currently on the project. At the moment, the project, which started on September 1st, 2014, succeeded in
Kuwait Oil Tanker Operations off Yemen Unaffected, Aden Port Closed
Operations of Kuwaiti oil tankers in the Bab el-Mandeb strait remain unaffected by the military operations in Yemen, as informed by Kuwait Petroleum Corp’s spokesman. Sheikh Talal al-Khalid al-Sabah, chief executive officer of Kuwait Oil Tankers Co (KOTC), is quoted by Reuters as saying that the pas
Photo Update: Aerial View of New Suez Canal
The New Suez Canal project is currently under construction, and is scheduled to be finished this August. It will run parallel to the original Canal at a length of 72 km, allowing vessels to travel both ways along its length, cutting transit time from 20 to 11 hours. This giant scheme includes plans
UniSite Equipment for New Suez Canal
UniSite Group, a leading supplier for comprehensive service as well as relevant items of dredging, land reclamation, offshore projects, marine engineering, municipal engineering and environmental remediation projects, has taken an active part in Suez Canal Development Project. The company has delive
Carriers Passing on Lower Fuel Cost Perks to Shippers
Shippers seem to be the greatest beneficiaries of lower marine fuel costs as they see the benefits being passed on to them by carriers, according to Drewry’s Container Insight. Maersk, for example, said in its full-year investor presentation that it assumes 70-80% pass-on of the fuel savings to ship