Africa
Total Buys Share in South African Offshore Exploration Block
Total announced that it has received approval from the South African authorities and has completed the acquisition of a 50% interest in Block 11B/12B, from CNR International, a wholly owned subsidiary of Canadian Natural Resources Limited. The asset is located in the Outeniqua Basin, around 175 kilo
Afren Drills Ahead at Ogo-1 Sidetrack Well (Nigeria)
Lekoil, an oil and gas company with a focus on Nigeria and West Africa, has reported further to the announcement on 29 August 2013, the Ogo-1 sidetrack well, offshore Nigeria, is drilling ahead and is currently at a depth of approximately 16,000ft, with a proposed total depth of approximately 17,900
Rialto Reports Net Loss of $170.6 Mln
Rialto Energy Limited, the West African focussed exploration company, announces their audited final results for the year ended 30 June 2013. Financial Highlights (All $ amounts in AUS$ unless otherwise specified): · Successful Placing raised $14.1 million with institutional and other investors (clos
Focus on Cash Control Impacts Ship Operating Costs
International accountant and shipping consultant Moore Stephens says total annual operating costs in the shipping industry fell by an average 1.8 per cent in 2012. This compares with the 2.1 per cent average rise in costs recorded for the previous year. There was a significant reduction in costs acr
CNR Pens Farm-Out Deal with Total for Exploration Block in S. Africa
Canadian Natural Resources Limited has announced the completion of its process to find a world class partner for the joint exploration of its Block 11B/12B offshore South Africa. After a lengthy and thorough process, where Canadian Natural received a number of strong, competitive offers from well-kn
Top News of the Week September 23 – 28, 2013
Norsafe Recaptures World Record for Free-Fall Lifeboats (VIDEO) At 7:50pm on Tuesday 3rd September, the world’s most advanced free-fall lifeboat performed a successful drop from a height of 66.8 metres. This is a new world record for free-fall lifeboats, and Norsafe has hereby reclaimed its record,
Top News of The Week September 23 – 28, 2013
Top News of The Week September 23 – 28, 2013
Top News – September 23 to 29, 2013
The Philippines: Private Company to Dredge Rivers in Subic The Aquino government, through the Department of Public Works and Highways (DPWH), introduced a plan to hire a private company to dredge the rivers in Subic, Zambales in an attempt to alleviate the worsening flood situation. Van Oord Nabs
DOF Enters into New Contracts with Total Egypt
DOF has today entered into two time charter contracts with Total Egypt (Total) for employment of the vessels “Skandi Stord” and “Skandi Saigon” in the Egyptian economic zone. Commencement is end September, 2013, each with a firm period of approx. 100 days. Total has an option to extend the contracts
Total Egypt Hires Two DOF Vessels
DOF has today entered into two time charter contracts with Total Egypt (Total) for employment of the vessels “SKANDI STORD and “SKANDI SAIGON” in the Egyptian economic zone, starting end September, 2013, each with a firm period of approximately. 100 days. Total has an option to extend the contracts
IMO Symposium Debates a Sustainable Maritime Transportation System
An IMO symposium on a Sustainable Maritime Transportation System, held on world Maritime Day (26 September 2013), provided an opportunity for a discussion on a global agenda for a sustainable maritime transportation system. The symposium reflected the world Maritime Day theme: “Sustainable Developme
IACS Chairman Calls for Evidence-Based Assessment of Ship Efficiency
IACS Chairman, Mr Cazzulo, speaking at the IMO WORLD MARITIME DAY SYMPOSIUM ON SUSTAINABLE MARITIME TRANSPORTATION SYSTEM, noted that IMO had recently supported in principle an IACS proposal for establishing an (Energy Efficient Design Index) “EEDI Database” for new ships being constructed in accord