Africa
Seismic Acquisition Programme in Dussafu Block Offshore Gabon Starts
Panoro Energy ASA announces the commencement of a 3D seismic acquisition programme in the Dussafu block offshore Gabon. The work will be carried out by Polarcus and is planned to cover an area of approximately 1260 km2 in the outboard part of the Dussafu license. The primary objective is to upgrade
Polarcus Starts 3D Seismic Survey Offshore Gabon
A 3D seismic acquisition project has kicked off in the Dussafu block offshore Gabon, Panoro Energy has informed. The work will be carried out by Polarcus and is planned to cover an area of approximately 1260 km2 in the outboard part of the Dussafu license. The primary objective is to upgrade leads t
Top News of The Week Sep 30 – Oct 5, 2013
Top News of The Week Sep 30 – Oct 5, 2013
Top News – September 30 to October 6, 2013
VIDEO: How Expanded Panama Canal Will Work The Panama Canal expansion project will double the capacity of the Panama Canal by 2015 by creating a new lane of traffic and allowing more and larger ships to transit. Conquest MB1 on Its Way to London Gateway (UK) Accompanied by tugs En Avant 20 and Sea
M&M – New Bank Focused on Maritime and Offshore Industries
An experienced team of shipping, offshore and finance professionals has announced the intention to establish Maritime & Merchant Bank (“M&M’’) a niche financial institution dedicated to meeting the funding needs of owners active in the shipping and offshore industries, worldwide. The newly formed pr
Seychelles: Pirates Captured by EU Naval Force Dutch Warship Convicted
On Wednesday, 2 October 2013 eleven pirates were convicted in the Seychelles Supreme Court of committing acts of piracy and operating a pirate vessel between 7 – 11 May 2012. Their sentences ranged from 18 months to 16 years. The pirates had been apprehended by the Royal Netherlands Navy frigate, HN
OVL, OIL Win CCEA Nod to Buy Stake in Mozambique Block
The Cabinet Committee on Economic Affairs has approved the proposal of the Ministry of Petroleum and Natural Gas to authorize ONGC Videsh Limited (OVL) and Oil India Limited (OIL) to acquire 20 percent Participating Interest in Rovuma Area 1 Offshore Block in Mozambique. The transaction comprises ac
ONGC, Oil India Get Green Light to Buy into Rovuma Area 1 in Mozambique
The Cabinet Committee on Economic Affairs, Government Of India, has approved the proposal of the Ministry of Petroleum and Natural Gas to authorize ONGC Videsh Limited (OVL) and Oil India Limited (OIL) to acquire 20 percent Participating Interest (PI) in Rovuma Area 1 Offshore Block in Mozambique (A
Northern Offshore Orders Two LeTourneau Super 116E Rigs
Northern Offshore, Ltd. today announced that two of its subsidiaries have executed contracts for the construction of two LeTourneau Super 116E Class jackup drilling rigs, with a priced option for the construction of two additional rigs of the same design. The yard contract price is less than US$180
95 Key Websites on Global Shipping and Freight
An estimated 90% of the world’s goods and products are shipped at some point in their lifecycle. The maritime shipping industry is enormous and is a linchpin of many other industries employing millions of people and enabling other businesses to thrive in the globally interdependent economy. Companie
Nigeria: Shell Resumes Gas Supply to Bonny Terminal
LNG player Shell has resumed gas deliveries to the Bonny terminal in Nigeria, nine days after declaring force majeure on September 23. “Their gas supply is now restored and we expect that they remove their force majeure,” Bloomberg cited Anne-Marie Palmer-Ikuku, a spokeswoman for Nigeria LNG as sayi
BG Group Completes Pweza Field Appraisal Off Tanzania
BG Group announced it had successfully completed a drill-stem test in the Pweza gas field offshore southern Tanzania, concluding an intensive appraisal programme in Block 4. The Pweza field is approximately 70 kilometres off the Tanzania coast in some 1 400 metres of water. Initial results from a dr