Africa
TPT to Upgrade South Africa Terminals
Transnet Port Terminals (TPT) is reportedly planning to invest close to USD 2.94 billion in its Western Cape’s Saldanha and Cape Town port terminals, as part of the 7-year, USD 26.8 billion infrastructure upgrade programme for South Africa’s terminals, The Independent Online reports. Apart from the
Europe Still Sick, Asia to Spearhead 2015 Economy
Maersk held ‘The Future of Global Trade’ symposium at its headquarters in Copenhagen on Tuesday, October 7, 2014. Simon Baptist, Chief Economist and Asia Regional Director at The Economist addressed the state of the global economy, regional powerhouses, stagnating markets as well as future drivers o
Mozambique to launch 5th licensing round
The Institute of National Petroleum (INP), on behalf of the Government of the Republic of Mozambique, has informed that Mozambique’s fifth licensing round will be announced in London shortly. INP’s competitive bidding round will be open for hydrocarbons exploration in the offshore areas of Rovuma,
Panoro and Partners Make FID to Develop Aje Field, Nigeria
Panoro Energy ASA, together with the Joint Venture (“JV”) partners, has taken a Final Investment Decision (“FID”) to develop the Aje Cenomanian oil reservoir in the OML 113 licence in Nigeria. The Aje Field Development Plan (“FDP”) was submitted to Department of Petroleum Resources (“DPR”) earlier t
VIDEO: New Suez Canal Dredging Underway
Director of Dredgers’ Administration with the Suez Canal Authority, Ahmed Sayed Ahmed, said recently that the project of digging the New Suez Canal so far underwent several stages, including designing, dry digging and dredging. Ahmed added that the dredging stage reached 9 meters depth, as about 20,
FID made for Aje field. First oil expected in 2015 (Nigeria)
Panoro Energy ASA, together with the Joint Venture partners, has taken a Final Investment Decision to develop the Aje Cenomanian oil reservoir in the OML 113 licence in Nigeria. The Aje Field Development Plan was submitted to Department of Petroleum Resources earlier this year, and approval to dev
BW Offshore buys FPSO Petroleo Nautipa
BW Offshore has completed the acquisition of the FPSO Petroleo Nautipa. The floating, production, storage, offloading vessel was, prior to the completion of the transaction, jointly owned by Norway’s BW Offshore and Malaysia’s Yinson Holdings through Tinworth, a joint venture company. The price for
Prysmian Recruits Young Experts
Prysmian Group is launching the fourth edition of its international program to recruit 40 new graduates in Engineering and Economics, with the aim of helping develop the business’s managers and professionals of the future. The new recruits will be mainly placed in the Research & Development, Manufac
Interview: Attaining Business Intelligence
In a world swamped by software solutions providing various types of information and data it has become difficult to choose those tools that extract the data we actually need. Ships have been integrating these high-tech solutions at an ever growing pace, becoming more automated and reliant on technol
Bureau Veritas to Operate Single Window in Congo
The Democratic Republic of Congo has awarded the consortium Bureau Veritas BIVAC B.V. / Soget, the concession to set up and operate the Single Window for facilitating trade. “This Single Window for international trade facilitation is a true modern platform that will simplify and secure business proc
Cairn Strikes Oil Offshore Senegal
Cairn and its joint venture partners have discovered oil in the FAN-1 exploration well, offshore Senegal. The well, located in 1,427 metres (m) water depth and approximately 100 kilometres offshore in the Sangomar Deep block, has reached a Target Depth (TD) of 4,927 m and was targeting multiple stac
Cairn finds oil in FAN-1 well off Senegal
Cairn Energy together with its joint venture partners has announced that the FAN-1 exploration well, offshore Senegal, has discovered oil. The well, located in 1,427 metres water depth and approximately 100 kilometres offshore in the Sangomar Deep block, has reached a Target Depth of 4,927 m and was