Africa
Readers’ Picks of the Week (2-6 of Feb)
One Killed, Three Taken Hostage in Pirate Attack off Nigeria One crew member was killed and three taken hostage in a pirate attack on a Greek-owned tanker pending unloading off Nigeria late Tuesday, the Hellenic Coast Guard informed.…Read more Allseas: No Intention to Change Pieter Schelte’s Name Sw
Highlights of the Week – Readers’ Choice
Picture of the Day: Construction of New Suez Egypt launched the New Suez Canal project in August 2014. The construction was ordered by Egyptian President Abdel-Fattah al-Sisi to be completed in one year. VIDEO: Backhoe Dredger “Optimus” at Work Wasa Dredging recently completed the blasting and dredg
Egypt Inks LNG Supply Deal with Trafigura
The Egyptian Gas Holding Company (EGAS) and commodity trader Trafigura signed a contract on Thursday on supply of about 33 shipments of liquefied natural gas (LNG), Egypt’s Ministry of Petroleum informed. The contract has been signed within Egypt’s USD 2.2 billion tender for delivery of 75 cargoes o
Takoradi Port Dredging in Full Swing
The Takoradi Port dredging program, that will pave the way for other development projects to follow, is in full swing and on track for completion by late March or early April 2015. Jan De Nul’s Cutter Suction Dredger (CSD) Nicolo Machiavelli is working on the project and has so far removed over 100,
Baltic Dry Index Nearing Bottom
The Baltic Dry Index (BDI) has fell to 564 points on Thursday hitting the lowest in almost thirty years. The BDI marked a loss of 10.7% in the past week and is just 10 points off its lowest level reported in July 1986. The fall has been influenced by structural overcapacity as there are too many shi
Spanish Court Jails Six Somali Pirates
A Spanish court has convicted six Somali pirates sentencing them on sixteen years of imprisonment each. Namely, the Spanish National Court found that the defendants were guilty for an attack on a Spanish tuna boat Izurdia that took place in October 2012 off the coast of Somalia. The attack was foile
January: Offshore rig count goes down
Baker Hughes Incorporated has posted an international rig count report for January 2015 on its Investor Relations website according to which the international offshore rigs are down by 24 from last month. The international rig count for January 2015 was 1,258, down 55 from the 1,313 counted in Decem
Egypt inks LNG supply deal with Trafigura
Egyptian Ministry of Petroleum informed that Egyptian Natural Gas Holding Company signed an LNG supply deal with Swiss commodity trading house Trafigura.
Egypt inks LNG supply deal with Trafigura
Egyptian Ministry of Petroleum informed that Egyptian Natural Gas Holding Company signed an LNG supply deal with Swiss commodity trading house Trafigura.
InterMoor Appoints New Regional Manager, West Africa
InterMoor, an Acteon company, has appointed Cohen Guidry as regional manager, West Africa. This is InterMoor’s lead West Africa management role, and Guidry will report to Tom Fulton, InterMoor’s global president, the company announced. Fulton said, “Cohen’s dedication, initiative and knowledge of th
Reggane Nord gas project in Algeria starts drilling development
The Reggane Nord consortium that includes RWE Dea has commenced development drilling at the gas project in the Algerian Sahara.
Reggane Nord gas project in Algeria starts drilling development
The Reggane Nord consortium that includes RWE Dea has commenced development drilling at the gas project in the Algerian Sahara.