Season’s greetings by the industry
Egypt wants to upgrade the country’s ports, especially the six ports situated on the Suez Canal in order to enable them to have the necessary capacity to handle increasing cargo volumes in the region. At a recently held meeting, Egypt’s President Abdel Fattah Saeed Hussein Khalil el-Sisi presented t
Egypt has reportedly accumulated around US$350 million of debt towards the LNG suppliers due to a foreign currency crisis and low oil prices.
Sri Lanka’s Port of Colombo has handled five million containers so far this year, for the first time in the port’s history. The port of Colombo has handled 4.7 million TEUs during the first eleven months of 2015, reflecting an increase of 5.9% compared to the previous year’s corresponding volume 4.4
Norway’s Agility Subsea Fabrication has over the recent months secured contracts worth more than NOK 500 million ($57.6 million) for the delivery of subsea structures. The contracts include the delivery of manifolds, foundations and well jumpers to the second phase of the Shah Deniz development proj
Brimmond Group and Rigrun Europe have moved to a new purpose-built facility to help with growth of the business. The business has moved to a new location on 2.5 acres of land in Midmill Business Park, Kintore which offers extra yard, office and workshop space, plus new large capacity overhead cranes
InterOil informed that Total E&P PNG, the operator of the Petroleum Retention License 15 in the Gulf Province of Papua New Guinea, has begun drilling the Antelope-6 appraisal well.
Natural gas exports from Israel’s Tamar field to Egypt have reportedly been given a green light by the government.
By Henning Gloystein SINGAPORE (Reuters) – U.S. crude prices rose for a fourth straight session on Thursday, headed for a 9 percent weekly gain in the lead-up to Christmas as the market tightened on the back of falling supplies and looming exports. Front-month West Texas Intermediate (WTI) crude fut
Karoon Gas Australia, an independent oil company, has hired the Olinda Star semi‐submersible drilling rig, for operations in Brazil. The Olinda Star has been contracted to drill two firm wells and two optional wells in Karoon’s 65% owned and operated Santos Basin blocks S‐M‐1037, 1101, 1102, 1165 an
Oil and gas services contractor Bilfinger Salamis UK announced December 23 that it opened a base in Great Yarmouth with the aim of improving Southern North Sea clients support. The company, which provides integrated, multi-disciplined support services and maintenance solutions for the energy, petroc
The global containership fleet made idle this year is set to reach a new record, surpassing the 1.5m TEU mark set in December 2009, according to Maritime Strategies International. As of November, 1.4m TEU was idle, having increased 760,000 TEU in two weeks amid depressed freight rates. What is more,
UK’s total production of crude oil and natural gas liquids in the third quarter this year grew 27 percent, when compared to the same period in 2014. Worth noting, production in 3Q 2014 was at the lower levels than in any other quarter since 1977, but has since stabilized. According to statistics iss
Tap Oil and Quadrant Northwest (formerly Apache Northwest) have reached a settlement in a financial dispute regarding a licence in the Carnarvon Basin, offshore Australia. Tap Oil has reached a settlement with Quadrant Northwest on the basis that Apache’s claim against Tap is dismissed with Apache p
