Africa
OVL, OIL Buy Stake in Rovuma Block Off Mozambique
ONGC Videsh Limited (OVL) and Oil India Limited (OIL) have signed definitive agreements in Singapore on Tuesday with Videocon Mauritius Energy Limited to acquire 100% of shares in Videocon Mozambique Rovuma 1 Limited, the company holding a 10% participating interest in the Rovuma Area 1 Offshore Blo
Indian Oil Firms Buy Interest in Offshore Mozambique Block for $2.47 Bln
ONGC Videsh Limited (OVL) and Oil India Limited (OIL) have signed definitive agreements in Singapore on 25th June 2013 with Videocon Mauritius Energy Limited to acquire 100% of shares in Videocon Mozambique Rovuma 1 Limited, the company holding a 10% participating interest in the Rovuma Area 1 Offsh
InterManager Puts Seafarers at the Heart of Its Activities
As the annual Day Of The Seafarer dawns (June 25), InterManager, whose members manage more than 250,000 of the world’s seafarers, has reaffirmed its commitment to crewmembers with a comprehensive package of activities aimed at addressing crew-related issues. The Association, whose members are involv
VAALCO After New Rig for Drilling Offshore Gabon
VAALCO Energy, Inc. today provided an update on its ongoing multi-well drilling and recompletion program offshore Gabon. An exploration appraisal well drilled and logged to evaluate an untested fault block on the South West flank of the Ebouri field has encountered water in the Gamba reservoir and i
Nigeria: Major Rivers Dredging Nears Completion
According to Prince Ayodeji Aleshinloye, the Chairman of Oluyole Local Government Area of Oyo State, a dredging program on four major rivers in the local government is nearing its completion. Dredging of the AgaraAba Ibeji, Odo-Ona KekereArapaja, Odo-Ona Elewe and Odo-Ona Nla rivers was imperative i
Sinopec Buys Marathon’s Angola Assets for $1.52 Billion
China Petroleum & Chemical Group, better known as Sinopec, has announced it has reached an agreement with Marathon Oil to buy the U.S. company’s stake in Block 31, offshore Angola. The Chinese company which, according to Forbes, employs 376,201 people, will pay $1.52 billion for the transaction. Mar
Africa Ports and Harbours Show 2013 Kicks Off
Africa Ports and Harbours Show (Sandton Convention Centre, Johannesburg, Jun 24 – 27, 2013) is the continent’s leading ports, terminal and maritime event. It is a conference and exhibition that will attract decision-makers from port operators, terminal operators, major end-users, government and inve
Nigeria: NIMASA Blocks NLNG Vessels in Bonny Channel
On Friday 21st June, two Nigerian Maritime Administration and Safety Agency (NIMASA) boats, with 15 naval officers on board, ordered that one NLNG vessel, LNG Imo, and one chartered vessel, Torm Thames, remain at NLNG’s loading bay, whilst another NLNG Vessel, LNG Oyo, remains outside the Bonny Chan
Top News of the Week June 17 – 22, 2013
MOL Comfort Suffers Damage During Trip to Jeddah Mitsui O.S.K. Lines, Ltd. informed that the MOL-operated containership MOL Comfort suffered a crack amidships and ingressed water in the hold while under way from Singapore to Jeddah on the Indian Ocean on June 17, 2013 due to inclement weather. MOL C
UAL Names Its New Cargo Ship MV UAL Texas in The Netherlands
UNIVERSAL AFRICA LINES LTD (UAL) has named its new build 8,600dwt cargo ship MV UAL Texas at a festive event at the Cruise Terminal Rotterdam. Shipyard Bodewes launched the MV UAL Texas in May in the Netherlands. As well as the ship naming, the event also celebrated the new name for UAL’s global age
Top News of the Week June 17-23, 2013
Angola LNG Ships First Cargo Angola LNG, the Soyo-based facility built to create value from Angola’s offshore gas resources, confirmed that production of liquefied natural gas (LNG) has safely commenced at the Angola LNG plant in Soyo and that its first cargo has been shipped on Sunday. This marks t
Top News of The Week June 17-22, 2013
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