Africa
Egypt to liberate natural gas market in future
Sherif Ismail, Egyptian Minister of Petroleum and Mineral Resources has issued a decree to establish a new department at the Egyptian Natural Gas Holding Company.
Egypt to liberate natural gas market in future
Sherif Ismail, Egyptian Minister of Petroleum and Mineral Resources has issued a decree to establish a new department at the Egyptian Natural Gas Holding Company.
Popular news, February 23 – March 1, 2015
What sparked your interest the most in the previous week was an article containing an infographic that details how oil prices affect everything. A research was carried out to investigate how the price of oil has had a huge effect on the global economy and how it impacts our lives in general. You wil
Highlights of the Week – Readers’ Choice
Picture of the Day: Dredgers Crowding New Suez The New Suez Canal project is currently under construction and is scheduled to be delivered next August. Chief Mate Guilty Over Fatal Dredger Collision On the 8th June 2014 the Shoreway, a 98 metre 5000 tonne dredger, owned […]
Somali Pirates Free Hostages After almost Five Years
Four Thai fishermen who were held in captivity for almost five years by Somali pirates have been freed, according to Agence France Presse (AFP). The fishermen were taken hostage in April 2010 in an attack by Somali pirates on Taiwan-flagged fishing vessel FV Prantalay 12. Omar Sheikh Ali, an officia
Photo Update: Suez Canal Workers Having Lunch
The New Suez Canal project is moving ahead according to plan, and is scheduled to be delivered next 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
Fifteen blocks up for grabs offshore Angola
Angola will offer fifteen new offshore blocks in the licencing round scheduled for this year. Sonangol, a state oil company, has said that apart from the deep-water blocks to be placed on offer, the country will also seek bids for ten onshore blocks. Sonangol’s aim is to reach and sustain a producti
Picture of the Day: New Harvester from Italdraghe
Italdraghe, the long-standing Italian dredger builder, has considerable experience in designing and building weed harvesters and is currently manufacturing a harvester for the Kenyan government. This purpose-built vessel will work on Lake Victoria to remove the extensive ever-expanding mats of water
Italy Eyes Suez Canal Investments
A delegation of Italian entrepreneurs visited the Suez Canal to find out more about the investment opportunities in Egypt’s USD 8-billion canal expansion project. The delegation, comprised of around 40 representatives from Italian companies, mostly specializing in infrastructure, were given a tour o
INTERVIEW: Hoegh LNG eyes eight FSRU, CEO says
Oslo-based Höegh LNG, which has been involved in the LNG industry for more than 40 years, has been putting a lot of effort in its floating LNG business, with the last order in November of 2014 bringing the company’s FSRU fleet size to seven in operation or under construction. In an interview with LN
INTERVIEW: Hoegh LNG eyes eight FSRU, CEO says
Oslo-based Höegh LNG, which has been involved in the LNG industry for more than 40 years, has been putting a lot of effort in its floating LNG business, with the last order in November of 2014 bringing the company’s FSRU fleet size to seven in operation or under construction. In an interview with LN
Picture of the Day: Van Oord’s Dredger in Egypt
Van Oord, a Dutch contracting company that specializes in dredging and land reclamation, recently deployed its first dredging vessels to the New Suez Canal project. At the moment, they have three vessels in operation, two stationary cutter suction dredgers and the large self-propelled cutter suction