Africa
Circle Oil Director and CEO steps down
Circle Oil, the Middle East and North Africa focused oil and gas exploration, development and production company, has announced that Professor Chris Green has now resigned as a Director and as Chief Executive Officer of the company. According to Circle Oil, Professor Green had, as already announced
Oceaneering Umbilicals for Eni’s OCTP (Ghana)
Oceaneering International, as part of a consortium with GE Oil & Gas, has secured a contract with ENI Ghana Exploration and Production, and its partners, Vitol and GNPC, to supply equipment for the Offshore Cape Three Points (OCTP) Block Project development located off the coast of West Africa. Ocea
Oceaneering scoops $100M job offshore Ghana
Oceaneering International, Inc. has, as part of a consortium with GE Oil & Gas, won a contract with ENI and its partners, Vitol and GNPC, to supply equipment for the Offshore Cape Three Points (OCTP) Block Project development located offshore Ghana Oceaneering’s scope of work under this contract is
Financing Secured for Lekki Deepwater Port
A consortium of six banks have agreed the terms of loans with a Singaporean firm, Tolaram Group, aimed at financing the development of the Nigeria’s $1.5 billion Lekki port. The consortium is comprised of the African Development Bank (AfDB), the African Finance Corporation (AFC), European Investment
Holland America Line Drops Tunisia Calls
Holland America Line cancels port calls at La Goulette, Tunisia following last week’s terrorist attack.
Sterling Energy names CEO
Sterling Energy Plc, an oil company with interests in exploration projects in Cameroon, Madagascar, Mauritania and Somaliland, has named Eskil Jersing as Chief Executive Officer (“CEO”) and a director of Sterling Energy Plc; the appointment is effective immediately. Jersing, 51, has, during his 29 y
Drewry: Revolution in Container Handling Needed
A revolution in container handling is required, the port industry equivalent of the “double-decker jetway”.
News in Photos: New Suez Canal Dredging
The New Suez Canal development program is moving ahead and is scheduled to be completed this August. The opening of the new waterway will almost double the Suez Canal capacity and is expected to increase annual revenues to $13.5 billion by 2023. The project was launched by the Chairman of the Suez C
Five Costa Cruises’ Guests Killed in Tunis Attack
Costa Cruises confirmed that five guests, 4 Italians and 1 Russian, of the Costa Fascinosa are among the victims of the horrific attack that took place on March 18th at Museo Bardo in Tunis. In addition, the cruise liner company said that 8 guests, 7 Italians and 1 Russian, are injured and currently
Highlights of the Week – Readers’ Choice
Exclusive Update: DEME’s Dredgers at New Suez Canal DEME, an international group of specialized companies in the field of capital and maintenance dredging, land reclamation, port infrastructure development, etc. has announced that their part of dredging works on the New Suez Canal are on schedule an
Readers’ Picks of the Week (16th-20th March)
Update: MSC Cruises’ Death Toll Rises to Twelve Twelve guests of MSC Cruises have been confirmed dead following the terrorist attack during a shore excursion at the port of La Goulette, Tunisia on Wednesday…. Read more Interview: Alfa Laval Scrubber Sales Forge Ahead Swedish engineering group Alfa L
Highlights of the Week
Subsea World News has put together a recap of the most interesting articles from the previous week (March 16 – March 22). Dredging and excavation specialist X-Subsea’s Norwegian division has been declared bankrupt. The Mandal-based division, which currently employs 47 people, has failed to secure a