Africa
Baker Hughes: Offshore Rig Count in November Up by 16
Baker Hughes Incorporated announced today that the international rig count for November 2013 was 1,311, down 4 from the 1,315 counted in October 2013, and up 44 from the 1,267 counted in November 2012. The international offshore rig count for November 2013 was 316, unchanged from October 2013, and u
Nigeria: APM Terminals Hosted Reception in Honor of PIL
APM Terminals Apapa hosted a reception today in honor of Pacific International Lines (PIL) which this week surpassed the milestone of one million TEUs handled through the APM Terminals Global Terminal Network for the year. Based in Singapore, PIL operates globally with a fleet of 191 vessels represe
Ghana: Takoradi Port on Right Track
President John Dramani Mahama on Wednesday said the Takoradi Port expansion project, which is slated to be completed in 2016 would create 3,000 jobs for all categories of workers. He said under the Chinese Development Bank loan facility, government would also embark on the Sekondi-Takoradi industria
UNCTAD: Review of Maritime Transport 2013 Released
The globe’s longest-lasting and largest cycle of ship building finally began to slow in 2012, UNCTAD’s Review of Maritime Transport 2013 reveals, but the effects of overcapacity are still being felt. Shipping rates remained low, threatening firms’ profitability, even as the volume shipped last year
Italdraghe: New Dredger Arrives in Ethiopia
Italdraghe has just shipped a new cutter suction dredger to the Ethiopian Ministry of Water and Energy. Based initially at Bahir Dar, this World Bank funded dredger will be used primarily to dredge the seven industrial ports situated around the edge of the lake, which is up to 14 metres deep in plac
Nigeria: APM Terminals Reaches Milestone
APM Terminals Apapa hosted a reception today in honor of Pacific International Lines (PIL) which this week surpassed the milestone of one million TEUs handled through the APM Terminals Global Terminal Network for the year. Based in Singapore, PIL operates globally with a fleet of 191 vessels represe
Statoil Makes Fifth Gas Discovery in Block 2 Offshore Tanzania
Statoil and co-venturer ExxonMobil announce its fifth discovery in Block 2 offshore Tanzania. The discovery of an additional 2-3 trillion cubic feet (Tcf)* of natural gas in place in the Mronge-1 well brings the total of in-place volumes up to 17-20 Tcf in Block 2. Mronge-1 is drilled by the drillsh
Statoil, ExxonMobil Strike Gas Offshore Tanzania
Statoil and co-venturer ExxonMobil have made its fifth discovery in Block 2 offshore Tanzania. The discovery of an additional 2-3 trillion cubic feet (Tcf)* of natural gas in place in the Mronge-1 well brings the total of in-place volumes up to 17-20 Tcf in Block 2. Mronge-1 is drilled by the drills
Statoil Finds More Gas Offshore Tanzania
Statoil and co-venturer ExxonMobil announced its fifth discovery in Block 2 offshore Tanzania. The discovery of an additional 2-3 trillion cubic feet (Tcf) of natural gas in place in the Mronge-1 well brings the total of in-place volumes up to 17-20 Tcf in Block 2. Mronge-1 is drilled by the drillsh
Ghana: Parliament Approves AGM Petroleum, GNPC Offshore Exploration Deal
The Parliament of the Republic of Ghana has ratified the Petroleum Agreement among the Government of Ghana, Ghana National Petroleum Corporation (GNPC), GNPC Exploration and Production Company Limited (Explorco) and AGM Petroleum Ghana Limited, to explore and operate the South Deepwater Tano Block (
Nigeria Opens Discussion on Infrastructural Development
Nigeria’s Vice President, Mohammed Namadi Sambo has commenced discussions with the Kuwaiti Fund towards accessing finances for infrastructural development. Namadi Sambo who received the Director – General of the Kuwaiti Fund, Abdulwahab Al-Bader in his Jumeira Messilah Beach Hotel and Spa room recen
Damen Dredger “Karamara” Starts New Project (Nigeria)
A new Damen CSD500 has started an impressive job in Nigeria. It is to clear a 52 km long stretch of a river, to improve accessibility of an inland transshipment port. The delivery of a complete Damen dredging package gave the project a flying start. The ”Karamara” has been acquired to increase the a