Africa
New production for Egyptian market to start following BG, BP deal
BG Egypt signed a tie-in agreement with BP Egypt and RWE DEA that will enable the increase of the supply of energy to the Egyptian domestic network through the utilization of BG Egypt’s comprehensive infrastructure. Libra and Taurus fields, located largely within BP/RWE Dea’s North Alexandria Conces
New production for Egyptian market to start following BG, BP deal
BG Egypt signed a tie-in agreement with BP Egypt and RWE DEA that will enable the increase of the supply of energy to the Egyptian domestic network through the utilization of BG Egypt’s comprehensive infrastructure. Libra and Taurus fields, located largely within BP/RWE Dea’s North Alexandria Conces
How Will Oil Price Drop Influence Namibia’s Ship Repair Industry?
Namibia’s ship repair industry serving the offshore sector is bracing for impact amid drop in oil prices that has significantly cut rig utilization in the region. Burgeoning West African offshore oil and gas industry has had a significant impact on Namibia, and specifically Walvis Bay. Between Afric
Picture of the Day: 37Pct of New Suez Completed
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
Boskalis: Strong Performance in 2014
Royal Boskalis Westminster N.V. (Boskalis) achieved net profit of EUR 490 million in 2014 (2013: EUR 366 million). Revenue rose by 1 per cent to EUR 3.2 billion (2013: EUR 3.1 billion). EBITDA rose by 25 per cent to EUR 946 million (2013: EUR 757 million) and the operating result (EBIT) was up 41 pe
Interview: New WGPSN CEO sees strong opportunities for growth
Offshore Energy Today spoke with Dave Stewart, the recently appointed CEO of Wood Group PSN (WGPSN), a division of Wood Group, and a provider of brownfield services to the oil and gas industry. Starting April 2015, Stewart will move into this role from his previous position as UK managing director o
New Terra et Aqua Introduced
The International Association of Dredging Companies (IADC) has just published the latest issue of Terra et Aqua, the official quarterly publication of IADC. The magazine is supported solely by the IADC as a service to the world-wide dredging community and represents IADC’s commitment to the highest
Ghana 1000 Consortium, Shell in LNG supply talks
Co-lead developers GE and Endeavor Energy and partners Eranove and Sage Petroleum have agreed a supply term sheet with Shell and entered into exclusive SPA talks regarding a long-term LNG supply agreement for the Ghana 1000 project. The Ghana 1000 project is an integrated gas-to-power project that w
Ghana 1000 Consortium, Shell in LNG supply talks
Co-lead developers GE and Endeavor Energy and partners Eranove and Sage Petroleum have agreed a supply term sheet with Shell and entered into exclusive SPA talks regarding a long-term LNG supply agreement for the Ghana 1000 project. The Ghana 1000 project is an integrated gas-to-power project that w
Huawei Wins Ceiba-2 Submarine Cable System Deal
Huawei Marine has secured a contract from the government of the Republic of Equatorial Guinea to build the Ceiba-2 Submarine Cable System expected to be ready for service in the fourth quarter of 2015. The 290 km system will feature a design capacity of 8 Tbps and link the capital of Malabo to Bata,
Azonto exits Accra block off Ghana
Azonto Petroleum has decided not to continue with its deepwater exploration acreage in the Offshore Accra Block, Ghana. According to the company, the decision was made as a result of a continued strategic review of its operations and prolonged discussions with the government of Ghana and potential p
UN Agencies Unite to Tackle Sea Migration
Following the ”Joint Statement on Protection at Sea in the Twenty-First Century,’‘ several United Nations agencies have agreed to establish a mechanism to enhance existing inter-agency communication with respect to the maritime aspects of mixed migration by sea. The intention is that the mechanism w