Africa
VIDEO: New Suez Canal Dredging – The First Day
The New Suez Canal dredging program has officially commenced. This phase of the project will be undertaken in parallel with the dry digging. This development project will boost Egypt’s economy and help speed up the movement of vessels through the 193 km long canal, which connects the Red Sea to the
Egypt delays LNG import terminal startup
Egypt’s LNG import terminal completion date has been pushed back to December, the country’s oil minister Sherif Ismail said. The project that would allow Egypt to add importing facilities to already existing export facilities has been constantly delayed for two years deepening the energy shortage is
Global Container Volumes to Shoot Up
Volumes of handled cargo at container ports are expected to accelerate considerably on annual level, according to UK-based shipping consultants Drewry. 840m TEU% estimated container volume growth by 2018 By 2018, the world’s container ports are forecast to handle more than 840 million teu a year, wh
CAMAC Secures Loan for Field Developments in Nigeria
CAMAC Energy Inc. announced that its wholly owned subsidiary, CAMAC Petroleum Limited, has entered into a credit facility with Zenith Bank Plc for a five-year senior secured term loan providing initial borrowing capacity of up to $100 million. U.S. dollar borrowings under the term loan facility will
CAMAC gets $100M loan for offshore developments in Nigeria
CAMAC Energy Inc. announced today that its wholly owned subsidiary, CAMAC Petroleum Limited, has entered into a credit facility with Zenith Bank Plc for a five-year senior secured term loan providing initial borrowing capacity of up to $100 million. U.S. dollar borrowings under the term loan facilit
LNG Set to Profit from Clean Fuel Drive
Energy plays a major role in the shipping business, accounting for 43% of the cargo moved in 2013 – 4.3 billion tonnes. Oil is still the big dog, with 2.8 billion tonnes of cargo and the coal trade has now reached 1.2 billion tonnes. Which leaves gas as the junior partner in the energy […]
SMP Delivers Containerised Dive System to Titan Salvage
Titan Salvage has recently taken delivery of a new SMP Containerised Dive System. This dive system was designed, manufactured and built by SMP at their premises near Preston, Lancashire for use on a salvage project in South Africa. Daniel Dolson from Titan said: “Titan Salvage is proud to take owner
Getech signs its largest ever new contract with Sonangol
Getech, the geoscience business specialising in the provision of data, studies and services to the oil, gas and mining exploration sectors, has announced its largest ever single new contract, worth $5 million. This new proprietary services contract has a gross value of $5 million and will be underta
San Leon Buys into Sidi Moussa Licence (Morocco)
San Leon Energy, the company focused on oil and gas exploration in Europe and North Africa, has acquired the working interest offshore Morocco from Petromaroc Corporation PLC, previously called Longreach Oil and Gas. San Leon has acquired Petromaroc’s 1.5% net working interest in the Sidi Moussa lic
San Leon acquires new interests off Morocco
San Leon Energy, the AIM listed company focused on oil and gas exploration in Europe and North Africa, has provided an update on its Morocco acreage. San Leon has acquired the following working interests from Petromaroc Corporation PLC, previously called Longreach Oil and Gas Limited: – San Leon has
M318F and M320F Wheel Excavators Introduced
When designing the new Cat® M318F and M320F Wheel Excavators, Caterpillar solicited customer input for characteristics considered important. Heading the list were initial quality and reliability, low operating costs, operator comfort and safety, simplicity of operation and maintenance, durability, a
Most popular articles of the week, September 1 – 7, 2014
Top ten jobs in O&G, All N. Sea choppers have EBS, Jasper rig woes, North Sea fatality, African hotspots, largest jack-up in the world, BP’s Macondo verdict