Africa
Petronas Inks PSC for Deep Water Block Off Gabon
PETRONAS, via its wholly owned subsidiary PETRONAS Carigali International E&P B.V., has signed a Production Sharing Contract (PSC) for Block F14 with the Republic of Gabon. The offshore block is located in southern Gabon and measures an approximate 2,500 square kilometres surface area in water depth
South Korea: Incheon to get LNG cargo
The Incheon LNG terminal in South Korea is due to receive a cargo of LNG on September 2, according to shipping data. The cargo is being hauled by the Golar Maria tanker, with a capacity of 145,958 cbm, and it is sailing from Algeria. The Incheon LNG terminal is one of the biggest in the world and it
Petronas pens PSC for block offshore Gabon
“The signing marked an important milestone as PETRONAS is re-entering the Republic of Gabon, now focusing on the deep water pre-salt play.”
How to Choose a Bunker Survey Correctly?
Reasons for inviting a bunker surveyor by a charterer are different, but the end purpose can be only one – to exclude losses because fuel oil expenses are a significant part of a charterer’s budget. In the following article, survey specialist Bunker Protection explains types of surveys and what to k
SCA to Reveal Name of Consortium for New Canal (Egypt)
Chairman of the Suez Canal Authority (SCA) and head of the executive council of the Suez Canal Corridor Project Mohab Mamish said that the name of the consortium that wins drawing up the Suez Canal Corridor Project’s blueprint would be announced within this week. He pointed out that the measures to
Ophir returns to profit on Tanzanian assets sale
Ophir Energy, an independent oil and gas exploration company focused on Africa, has reported net profit after tax of US$339.1 million, compared to $19.4 million loss in the same period last year.
VIDEO: New Suez Canal to Boost Egypt’s Economy
The Armed Forces have already commenced carrying out the New Suez Canal Project. The digging works were divided into 33 sectors and assigned to specialized civil companies and two road divisions of the Armed Forces Engineering Authority. The project will boost Egypt’s economy and help speed up the m
Nigeria: Warri-Baro Dredging Program Completed
Speaking in Lagos two days ago at a stakeholder’s forum organized by the National Inland Waterways Authority (NIWA), President Goodluck Jonathan said that the Federal Government has wrapped up the Lower River Niger dredging program (572 km), from Warri in Delta State to Baro in Niger State. He added
ADX Energy Gets Exploration Permit Extension off Tunisia
ADX Energy Ltd has announced that the Tunisian Authorities (Comité Consultatif des Hydrocarbures) have approved a 2 year extension of the Exploration period for the Kerkouane permit offshore Tunisia for two years to 21 February 2016. The ADX operated contiguous Sicily Channel blocks Kerkouane (Tunis
ADX gets more time do drill at Kerkouane (Tunisia)
ADX Energy Ltd has informed that the Tunisian Authorities have approved a 2 year extension of the Exploration period for the Kerkouane permit offshore Tunisia for two years to 21 February 2016. The company has said that its adjoining Sicily Channel blocks Kerkouane (Tunisia) and Pantelleria (Italy)
EY: Oil & Gas megaprojects exceed budgets. Cost overruns reach $500B
The report – ‘Spotlight on megaprojects’ examines the performance of 365 megaprojects and the impact on the oil and gas industry of these overruns.
Boskalis Launches Share Buyback Program
Royal Boskalis Westminster N.V. has announced the start of its share buyback program. Within the framework and based on the principles of its business plan for the 2014-2016 period Boskalis intends to execute a buyback program for up to 10 million of its own shares. The program will be executed in t