Africa
Two ‘promising’ offshore blocks for RWE Dea in Egypt
In the International Bid Round 2013, RWE Dea has been awarded two new offshore concessions with operatorship by the Egyptian General Petroleum Corporation (EGPC). The concessions are located in the Gulf of Suez, where the company is producing oil as operator for more than 30 years. Dea will become o
UAE Halts Libya-Bound Shipments
Amid growing security issues spurred by the crisis in Libya, U.A.E. port authorities issued instructions to cease loading containers for export and transshipment bound for Libyan ports, effective immediately, Danish-headquartered shipping company Safmarine said. “As advised by the port authorities,
UFG could forget lawsuit if Egypt allows gas imports from Israel
Union Fenosa Gas of Spain could drop its lawsuit against Egypt if the country allows the company to import gas from Israel to its LNG export plant in Egypt. UFG, a JV owned by Gas Natural of Spain and Italy’s Eni, suspended exports from its plant in Egypt in 2012 when gas shortages forced the [&hell
Eni Hits Oil in Ochigufu Well (Angola)
Eni has made a new oil discovery in Block 15/06, in the Ochigufu exploration prospect, in deep water offshore Angola. Oghigufu is the 10th commercial oil discovery made in Block 15/06. The new discovery is estimated to contain 300 million barrels of oil in place. Ochigufu 1 NFW well, which has led t
Eni strikes oil in Angola
Eni made a new oil discovery in Block 15/06, in the Ochigufu exploration prospect, in deep water offshore Angola.
Methane Jane Elizabeth on its way to Dragon terminal
The UK’s Dragon terminal is expected to receive an LNG cargo from Nigeria’s Bonny LNG plant onboard the 145,000 cbm Methane Jane Elizabeth on September 23, according to port data. Dragon LNG imports and supplies 6 billion cubic metres of gas per year to the UK’s national transmission system, as and
Water Enters New Suez Canal
Suez Canal Authority Chairman Mohab Mamish announced yesterday that water has entered the New Suez Canal waterway from the northern and southern entrances of the Canal. He added that this is a historical moment for the country. The New Suez Canal project will boost Egypt’s economy and help speed up
Port Owners and Operators Overwhelmingly Optimistic
The latest Barometer Report from Trelleborg, which discusses the issues impacting ports and terminals around the globe, has revealed the most optimistic outlook on investment since the annual industry survey began in 2010. 93% of port owners and operators are expecting capital expenditure budgets to
Northern Offshore expects revenue drop on drillship woes
Northern Offshore’s third quarter 2014 revenue will take a hit after it has been announced that the company’s only drillship experienced equipment problems offshore Nigeria.
Fewer Yards Delivering Ships on Global Scale
The global dowturn in contracting activity has seen various fluctuations in the newbuilding tonnage delivered together with variations in the number of yards delivering ships (1,000 GT and above), according to the latest report on shipbuilding issued by London-based Clarksons. “In 2005, 334 yards de
IMO Finalizes LNG Use Rules
United Nations’ International Maritime Organization (IMO) has finalized draft consolidated, internationally binding regulations on the use of liquefied natural gas. The regulations were finalized at the annual session of the IMO Sub-Committee on the Carriage of Cargoes and Containers (CCC 1), where
Ophir: New Equatorial Guinea discovery boosts FLNG project
Ophir Energy said that the Silenus East-1 well in Block R, Equatorial Guinea has resulted in a new gas discovery. This discovery will allow Ophir to expand its FLNG project to 3 million tonnes per annum. The Silenus East-1 well was drilled by the Vantage Titanium Explorer drillship within the thrust