Africa
EnQuest withdraws from Tunisia. Gets $23M back from escrow
EnQuest PLC, an independent oil and gas exploration and production company, has withdrawn from its small investment in Tunisia. In May 2013, EnQuest announced an agreement to acquire interests in the Didon producing oil field and the Zarat permit, from Sweden’s PA Resources AB. According to EnQuest,
Eirik Raude leaves Africa for Falkland Islands
Eirik Raude semi-submersible drilling rig has begun its mobilization to the North Falkland Basin from West Africa. The rig is currently anticipated to be on hire in the North Falkland Basin in the first week of March when it will start the 6 well 2015 Falklands drilling campaign. The drilling campai
Dana Gas hits milestones in Egypt
Dana Gas revealed a number of milestones in the successful fulfillment of its growth strategy in Egypt.
Dana Gas hits milestones in Egypt
Dana Gas revealed a number of milestones in the successful fulfillment of its growth strategy in Egypt.
Popular news, January 26 – February 1, 2015
The most popular article of the last week was a story about a new smartphone launched for use in hazardous areas in the offshore market. This new smartphone was designed for operationally challenging environments such as the North Sea. You also read about three oil majors, Chevron, BP, and ConocoPhi
Readers’ Picks of the Week (26-30 of Jan)
Maersk Giant Breaks 18,000 TEU Ceiling Maersk Line’s Triple E container ship behemoth Maersk Mc-Kinney Moller left the Spain’s Port of Algeciras yesterday loaded with 18,168 TEUs (twenty-foot equivalent units), beating the previous world record held by another Maersk’s Trip…Read more Another Car Car
Highlights of the Week – Readers’ Choice
VIDEO: Panama Canal Expansion – January 2015 The largest infrastructure project since the waterway’s original construction, the Panama Canal Expansion Program will create a new lane of traffic along the Canal through the construction of a new set of locks, doubling the waterway’s capacity. Van Oor
Afren: No Seplat deal yet. Talks extended
Afren, the troubled, London-listed, independent oil and gas company, has again postponed a deadline for Nigerian Seplat Petroleum to make an offer for the company. Seplat had until 5 p.m. today to ‘take it or leave it’, under the previously announced deadline extension, but Afren is now saying that
Term of the Day: Automatic Identification System (AIS)
Automatic Identification System or AIS is a system used by ships and Vessel Traffic Service (VTS) principally for the identification and locating of vessels. The system is intended to assist a vessel’s watchstanding officers and allow maritime authorities to track and monitor vessel movements. AIS i
New Suez Canal Nears 10km Mark
Egyptian government officials on Thursday, January 29th 2015, held a press conference about the New Suez Canal informing the public on the progress being made on the project. Chairman of the Armed Forces Engineering Authority, Maj.-Gen. Kamel El-Wazir said that so far about 10 kilometers of the New
African Petroleum: Waiting for Liberian farm-out to happen
African Petroleum will need to wait some more to complete a farm-out deal for its block offshore Liberia.
Liberian-Flag Ships Get Retrofit Deal
The Liberian Registry has entered into a partnership with U.S.-based consultancy EfficientShip Finance (ESF) to offer turnkey retrofit solutions for Liberian-flag ships. ESF will provide the financial capital needed for each project, and assume responsibility for technology performance and fuel vola