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Eni to get license for giant Egypt gas field

Italy’s Eni said on Sunday it has completed the authorization process for the development of the giant Zohr natural gas field, offshore Egypt. The Egyptian Ministry of Petroleum and Mineral Resources has approved that the Egyptian...

22/02/2016 Read

GE lands Statoil subsea deal

GE Oil & Gas has signed a master service agreement with Statoil for new subsea projects. The global agreement forms the basis for potential new contracts for subsea equipment and services on new projects and field developments. The contract is...

22/02/2016 Read

Bulk shipping hit by perfect storm

HONG KONG, Feb 19 (Reuters) – Off the coast of a nearly deserted island below the southern tip of Hong Kong, at least 10 massive ships that normally carry hundreds of thousands of tons of coal or iron ore lie idle near one of the world’s...

22/02/2016 Read

COSCO targets 2 mln. TEUs by 2018

China Ocean Shipping Company (Cosco) has revealed its plans to hit a 2 million TEUs operational capacity mark by the end of 2018, according to China Daily. The company has increased its aim in an effort to seize a larger slice of th...

22/02/2016 Read

NorSea signs multi-million deal for Hywind Scotland project

NorSea Group AS (NSG) has signed a contract with Statoil for the utilisation of its Stord base in Norway to assemble the world’s first floating wind farm, the Hywind Scotland Pilot Park. The contract, valued at approximately NOK 50-70 m...

19/02/2016 Read

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