Africa
BG Group Finds Gas in Kamba-1 Well, Tanzania
Ophir Energy announces a gas discovery in Kamba-1 well located in Block 4 offshore Tanzania. The Kamba-1 well has resulted in gas discoveries of 1.03TCF in the Kamba and Fulusi prospects. BG operates the Block 4 licence and Ophir holds a 20% interest. The well was drilled by the Deepsea Metro I dril
Subsea 7 hired for Baobab field work (Côte d’Ivoire)
Subsea 7 S.A. has been awarded a contract in the Ivory Coast by CNR International (Côte d’Ivoire) SARL (CNR International) in support of its Baobab Field Phase III development. The scope of work covers the installation of spools and umbilicals. The effective date of the contract is 25 September 2014
Subsea 7 Lands Baobab Gig (Ivory Coast)
Subsea 7 S.A. has been awarded a contract in the Ivory Coast by CNR International in support of its Baobab Field Phase III development. The scope of work covers the installation of spools and umbilicals. The effective date of the contract is 25 September 2014, with the main offshore installation pha
BG makes Kamba-1 discovery, offshore Tanzania
BG Group, a UK-based oil and gas exploration and production company, has made a gas discovery at the Kamba-1 well, offshore Tanzania. According to Ophir Energy, a partner in the discovery, the Kamba-1 well in Block 4 has resulted in gas discoveries of 1.03TCF in the Kamba and Fulusi prospects. BG op
New Suez Canal Funding – Successful Experiment
Minister of Planning Ashraf al-Arabi said that the successful experiment in funding the New Suez Canal project could be repeated through the initial public offering for other national projects. Al-Arabi pointed out to the success of the initial public offering of the Suez Canal project’s investment
UASC: Shipping Alliances Will Stifle Smaller Operators
John Hinge, President and CEO of United Arab Shipping Co. (UASC) believes shipping alliances will help the box markets on what he called ”a slow journey to recovery,” stabilising the freight rates along the way, the Wall Street Journal reports. UASC President has projected a bright outlook for major
Dana Gas inks deal in Egypt
Dana Gas Egypt has concluded a gas deal with the Egyptian Natural Gas Holding Company (EGAS) and the Egyptian General Petroleum Company (EGPC). This agreement forms the basis for an important development program to eventually increase production from current levels of over 40,000 BOEPD from the comp
Statoil and Shell win Algeria shale exploration licenses
Statoil and Shell have been awarded the Timissit Permit Licence in the Illizi-Ghadames Basin onshore Algeria. The licence is located in southeastern Algeria and covers an area of 2730 square kilometres. Statoil bid in partnership with Shell, where Statoil will be the operator with 30% equity, Shell
VIDEO: New Suez Canal Dredging
Director of Dredgers’ Administration with the Suez Canal Authority, Ahmed Sayed Ahmed, stated 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 2
Energy Searcher Drillship Resumes Operations on Oyo Field, Nigeria
Northern Offshore’s drillship Energy Searcher, under contract in Nigeria, resumed normal operations on September 23, following repairs to the control hoses to the unit’s blowout preventer. Earlier this month the drillship experienced technical problems with the control hoses to the unit’s blowout pr
VIDEO: Clash of the Giants
Hapag-Lloyd’s vessel Colombo Express collided on Monday morning, September 29th with containership Maersk Tanjong while entering the Suez Canal at Port Said. “According to preliminary findings, there are no injuries and no damage has been done to the environment. Both vessels were able to continue o
‘Energy Searcher’ resumes operations in Nigeria
Northern Offshore, Ltd. has announced that the drillship Energy Searcher under contract in Nigeria, resumed normal operations on September 23, following repairs to the control hoses to the unit’s blowout preventer. The company said that the repairs were completed somewhat earlier than previously ant