Africa
Paying Ransom Still Stumbling Block to Curbing Piracy in the Indian Ocean
The revelation this week that the owner of an Algerian cargo ship whose crew was held by Somali pirates paid them $2.6 million in ransom is yet another indication that the rewards these denizens reap for their illegal, life-threatening work remain a serious stumbling block to ending maritime organiz
TWMA Lands Its First Offshore Processing Project in West Africa
TWMA, a leader in integrated drilling waste management and environmental solutions, has secured its first offshore processing project in West Africa. The 400-day contract is to supply TWMA’s industry-leading offshore processing services to support Glencore Exploration Cameroon Ltd’s (Glencore) West
UK: Ophir Reports Good Progress in H1
Ophir Energy plc provided an Interim Management Statement and Operational Update for the period 1 January 2013 to 16 May 2013. Corporate Highlights: End April 2013 cash balance of $891.0MM Significantly strengthened the company’s financial position by raising proceeds of $832.7 million via a Placing
Transocean Secures Aussie Job for Deepwater Millennium Drillship
Transocean, a Switzerland-based offshore drilling contractor, has revealed it has secured a two-year drilling contract for one of its drillships. The drillship, known as the Deepwater Millennium, has been hired by an undisclosed client to operate in Australian waters, at a dayrate of $605,000. Accor
Egypt: Damietta Port Hosts Workshop on Siltation Problem
Damietta Port Authority has organized for the first time since its establishment under the auspices of ADM / Sami Suleiman Mahmoud chairmans of port authority a workshop under title (the phenomenon of siltation in Damietta port entrance channel, the problem and solutions) in collaboration with the F
PIRA Energy: New LNG Terminals Offer More Demand Options
PIRA Energy Group reported that the past six weeks have brought forth a slew of new LNG import terminals around the globe. In the U.S., the EIA’s gas production estimate for February came in unexpectedly strong. In Spain, the new posting of June pipeline imports from Algeria shows a significant down
Transocean’s Rig Saves Workers from Burning Tanker (Nigeria)
Transocean’s ultra-deepwater semi-submersible rig, Sedco Express (EXS), was working offshore Nigeria for customer ENI when it received news of a nearby fuel tanker on fire. According to the press statement issued by the owner of the rig, the Sedco Express crew played a vital role in coordinating a r
Ports Give Out Mixed Messages on Monitoring and Automation Technology Benefits
84% of port owners, operators and contractors said they would expect “increased safety” to be the primary benefit in specifying an automated system to monitor factors such as mooring line tension, approach speed and environmental conditions, according to a new independent market report by the marine
EUNAVFOR Completes Nine Day Escort of WFP Chartered Vessel
On 10 May, French EU Naval Force (EU NAVFOR) ship FS Nivôse completed a nine day escort of a World Food Programme (WFP) chartered vessel. The WFP ship was escorted from Djibouti to the port of Mombasa in Kenya. During the escort, members of the French Navy crew remained on constant look-out, with th
Kandil Invites Turkey to Invest in Suez Canal Development
Egyptian Prime Minister Hesham Kandil called on Turkish businessmen to invest in the Suez Canal, one of the world’s the most important waterways, as the Egyptian government wants to turn the canal into a “development corridor” by establishing industrial zones on the left and right banks of the canal
Boluda Extends Services Contract with Tidewater
Boluda Ships Agency & Forwarding, a subsidiary of Boluda Maritime Corporation, has extended logistics services contract with Tidewater, a provider of offshore services to the energy industry. After a year of alliance, the companies also decided to expand and reinforce the range of provided services,
Algeria: IMS Dredge to Attend SIEE Pollutec
IMS Dredge, Division of LWT, LLC, the world’s leader in design and construction of one truck transportable, self-propelled dredging systems, will attend at the 9th edition of SIEE Pollutec Algeria in Oran, from 27th to 30th May 2013. As an essential meetings plateform for Algerian water professional