Africa
Top News of the Week March 24-29, 2014
MHI Faces $585 mln Loss Due to Construction Delays Mitsubishi Heavy Industries, Ltd. (MHI) has decided to book an extraordinary loss of approximately $585 million from its cruise ship business in the company’s consolidated financial results for fiscal year (FY) 2013 (ending March 31, 2014). Damen La
Most popular articles of the week, March 24 – 30, 2014
Read the most popular articles of the week: World’s largest jack-up rig, biggest FSRU, Myanmar offshore awards, Greenpeace rig-climbers, Gulf of Mexico spar platform.
Top News of The Week March 24-29, 2014
Shell Awards Onshore LNG Portfolio Contract to KBR KBR has been awarded an onshore liquefied natural gas portfolio contract by Shell Global Solutions International. Canada Approves Four LNG Export Licences Greg Rickford, Canada’s Minister of Natural Resources, announced the Government of Canada’s ap
Top News – March 24 to 30, 2014
CHEC Wins Two Projects in Trinidad and Tobago On February 25, minister of trade, industry and investment of the Republic of Trinidad and Tobago signed the business contract for the transshipment port and dry dock project and the Endeavour business development project in the country. VIDEO: Van Oor
Oando, ConocoPhillips need more time to complete Nigerian deal
Oando Energy Resources Inc. a company focused on oil and gas exploration and production in Nigeria, today announced that the outside date for completion of the proposed acquisition of the Nigerian Upstream Oil and Gas Business of ConocoPhillips has been extended to April 30, 2014. Pursuant to an ame
EU Ambassadors and Puntland President Discuss Maritime Priorities
European Union Ambassadors met with the President of Puntland, Dr. Abdiweli Mohamed Ali, and his Cabinet on board the French EU Naval Force flagship, FS Siroco, on Wednesday 26 March 2014. They met to discuss key issues related to political, security and development cooperation, and to participate i
Eni looking to sell stake in Mozambique’s Area 4. CNOOC seen as potential buyer
Italian national oil company Eni is looking to divest some more of its stake in a gas rich block offshore Mozambique. According to Reuters, which quoted sources familiar with the matter, Eni could raise as much as $5 billion for a 15 per cent stake in the offshore Area 4. To remind, last year Eni [&
The Girls Who Found Themselves at Sea…
For most of us, the image that springs to mind when we picture an officer on an offshore pipelay or support vessel is not that of a 20-something woman. Well, the marine industry has traditionally been rather a male bastion, but there are many female officers too – and the numbers are getting larger
VAALCO: Production resumes from Etame Marin (Gabon)
VAALCO Energy, Inc. has informed that previously announced maintenance work on the Company’s leased Floating, Production, Storage and Offloading (FPSO) vessel has been successfully completed ahead of schedule and production restarted from the Etame Marin block. Extensive maintenance and repairs have
Fearnleys: 31 Ships Ordered Last Week
Fearnleys Weekly newbuilding report said that in total 31 ships were ordered last week. Navig8, who recently made contracts for potentially up to 20 wide beam LR1 type product carriers, have added another six VLCCs to their orderbook. A Suezmax order surfaced as CM Lemos went to Hyundai Heavy for tw
VIDEO: Van Oord 2013 Highlights
Van Oord, the Netherlands based contractor for dredging and offshore projects, had a better business result in 2013 than in 2012. The year closed with an almost equal turnover of EUR 1,641 million (2012: EUR 1,676 million). At EUR 130 million, the net profit was considerably higher than in 2012 (EUR
Ophir: Drilling Operations Start on Tanzania Well
Ophir Energy said that drilling operations have commenced at the Taachui well on Block 1, offshore Tanzania. The Taachui well is being drilled by the Deepsea Metro 1 drillship on a prospect on the north-west margin of Block 1, Tanzania. It is targeting gross mean pre-drill recoverable resource estim