Africa
Martek Marine Provides 125 BNWAS for Tidewater’s Fleet in Africa
Leading manufacturer of maritime safety equipment, Martek Marine, has supplied 125 Navgard Bridge Navigational Watch Alarm Systems (BNWAS) to Tidewater’s fleet on the coast of Africa, in a significant six figure contract. Martek’s Navgard was chosen because it is particularly easy to install and ful
OER Terminates Brass LNG Purchase Agreement with ConocoPhillips
Oando Energy Resources (OER) has terminated the Brass LNG purchase agreement and has entered into an amendment agreement with ConocoPhillips, in relation to the proposed acquisition by OER, the Nigerian oil and gas business of ConocoPhillips. The company has agreed with COP to terminate the agreemen
Sustainable Development: IMO’s Contribution Beyond Rio+20
IMO will host a special one-day symposium on a Sustainable Maritime Transportation System, on 26 September 2013, World Maritime Day. The Symposium has been arranged in order to provide Member States, industry and other stakeholders an opportunity to discuss and reflect on the theme of this year’s Wo
Singapore’s New Incentives for Salvage Companies
BIMCO members in the salvage and wreck removal business will be pleased to note Singapore’s latest incentive scheme aimed assisting operators to contain costs whilst bolstering the island nation’s International Maritime Centre status. MPA’s Mr. Cheong Keng Soon (Director Port Division) highlighted n
Lukoil Spuds Savannah Well in Sierra Leone
Russia’s largest privately held oil company Lukoil has kicked off drilling operations on the SL-5-11 block in the deepwater area offshore Sierra Leone. The well is being drilled with the Eirik Raude semi-submersible drilling rig which started with spudding a deepwater well in the Savannah prospect.
Lekoil Pays $3 Mln for OML 113 Stake (Nigeria)
Lekoil today announced it has made a payment of $3 million as part of the previously announced deal under which, Lekoil will buy of a 6.502 per cent participating interest in OML113 offshore Nigeria for a consideration of US$30 million. Lekoil and Panoro have agreed that the Company will fund the es
Cote d’Ivoire: Rialto Pens Deal to Replace Current PSC for Block CI-202
Rialto Energy has announced that its subsidiary Rialto Energy (Cote d’Ivoire) Ltd has signed a Memorandum of Understanding with the Cote d’Ivoire Ministry of Oil & Energy, the state owned oil & gas company PETROCI, and Vitol E&P to replace the existing Production Sharing Contract (“PSC”) for Block C
Top News of the Week September 9 – September 15, 2013
Norway: Siem Offshore Acquires Pct 50 of Secunda Canada Siem Offshore and Birch Hill Equity Partners Inc., together the “Parties”, have entered into an agreement whereby Siem Offshore today has acquired 50 percent ownership in Secunda Canada LP at a purchase price of CAD 16.25 million paid in cash.
Top News – September 9 to 15, 2013
Rabobank Publishes Outlook for Dredging Sector CEDA Corporate Member Rabobank has published its newest outlook for the dredging sector, and for the first time, made it available to the general public. Greens: Abbott OKs Great Barrier Reef Destruction (Australia) Tony Abbott’s Great Barrier Reef po
AdvanFort to Provide Critical West Africa Maritime Protection
AdvanFort International, Inc., a leading U.S. maritime security firm, has announced that the Government of the Republic of Benin has granted it permission—the first given by a West Africa government—to conduct counter-piracy operations for both domestic and foreign-flagged commercial vessels through
Djibouti Begins Construction of Two Major Ports
Djibouti President, Ismail Omar Guelleh, officially launched the construction of the Damerjog livestock port in Arta district and the multipurpose Doraleh port last week. The Somali Prime Minister, Abdi Farah Shirdon who was on an official visit to Djibouti, the former chief executive officer of Dub
Hydrex Conducts Underwater Stern Tube Seal Repair in Port Gentil
In August, the stern tube seals of a 67-meter, 2223 grt anchor handling vessel were replaced in Port Gentil by a Hydrex team of diver/technicians. The old seals were damaged and a fast repair was therefore necessary. The team carried out the entire operation on-site and underwater with one of the co