News
Global Trade Recovery Pushes DP World’s Volumes Up
Dubai-based terminal operator DP World Limited saw its volumes rise on the back of a recovery of global trade in 2017. Third quarter growth rates were at 13.5% year-on-year on a reported basis, ahead of second quarter growth and Drewry Maritime’s upgraded industry estimate of 5.5% throughput growth
Port of Esbjerg Takes Over Newly Expanded Area
Following the completion of the works on the expansion at the Port of Esbjerg, the port took over the new harbour area in mid-October.
Port of Esbjerg Takes Over Newly Expanded Area
Following the completion of the works on the expansion at the Port of Esbjerg, the port took over the new harbour area in mid-October.
Swan LNG executes concession agreement for Jafrabad FSRU
Swan LNG, a unit of Swan Energy, said it has executed a concession agreement with Gujarat Maritime Board and the government of Gujarat for the development of Jafrabad FSRU project.
Kosmos Energy bags first acreage off Equatorial Guinea
Dallas-based Kosmos Energy has secured its first production sharing contracts offshore Equatorial Guinea.
Texarkana Dredging Project on Schedule
The lake at Spring Lake Park became the subject of a multi-week dredging project to improve the overall health of the lake as well as the appearance of the outer bank, the City of Texarkana, Texas, said in their latest announcement. The project, conducted by Tatum Excavating Co., was funded by the C
ICTSI to Inject USD 100 Mn in Basra Terminal Expansion
Port operator International Container Terminal Services (ICTSI) has signed the Expansion Agreement for the second major development phase of the Basra Gateway Terminal (BGT) in North Port, Umm Qasr, Iraq. Two new berths will be developed incorporating a 20-hectare yard area, thereby raising annual B
Saipem Swings to Quarterly Profit, Cuts Nine-Months Deficit
Italian oilfield services player Saipem has reported profit of €53 million, on revenues of €2.28 billion, versus loss of close to €2 billion in the third quarter of 2016 on major asset write-downs and revenues of €2.61 billion. For the first nine months ended September 30, 2017, Saipem booked loss o
Swindale Beck Restoration Project Wins Award
The Swindale Beck Restoration Project in the Lake District has scooped a major award in recognition for its contribution to creating new fish habitat. The restoration scheme beat off stiff competition to win this year’s Wild Trout Trust Award for Best Large-Scale Habitat Enhancement scheme, which wa
Mathews Dredge Meeting Set for Friday
Mathews County, VA, said in their latest release that Congressman Rob Wittman will hold a meeting later this week on the Mathews dredging issues and the removal of aids to navigation. At the meeting, Wittman will discuss residents’ concerns about the U.S. Army Corps of Engineers’ lack of dredging in
Aker BP snaps up Hess’ Norwegian oil & gas assets
U.S. energy company Hess Corporation has made an agreement to sell its oil and gas interests in Norway to the Norwegian oil company Aker BP for total proceeds of $2 billion. In addition to the sale of Norwegian assets and as part of its strategy to further focus the company’s portfolio and allocate
Zamil, UTEC enter offshore survey pact in Saudi Arabia
Zamil Offshore Services and UTEC, an Acteon company, have formed a strategic partnership to execute offshore survey projects in Saudi Arabia. UTEC said on Tuesday that the partnership brings together its offshore survey experience and Zamil Offshore’s marine and offshore operations experience as wel
Statoil shuts parts of Mongstad refinery after leakage spotted
Norwegian oil company Statoil has informed that a naphta leakage was reported at 07.14 on Tuesday 24 October at Mongstad refinery. Employees who are not part of the emergency organization at the plant were evacuated, and parts of the plant are being shut down, Statoil said. The Statoil emergency res
Engie confirms review of upstream, midstream LNG business
French energy giant and LNG player Engie, confirmed it has started negotiation with interested counterparties to sell its upstream and midstream LNG activities.