Africa Finance Corporation (AFC) has acquired Norwegian oil and gas company Aker Energy and, through the transaction, has become an owner of a deepwater block offshore Ghana. Aker Capital and The Resource Group TRG have agreed to sell their shares in Aker Energy to AFC Equity Investment, a company o
Eni has handed out another short-term contract extension to BW Offshore for one of its FPSOs, which is working on a field off Nigeria.
Qatar’s state-owned energy giant QatarEnergy and Namibia’s Ministry of Mines and Energy have signed a Memorandum of Understanding (MoU) with the aim of strengthening cooperation in the energy sector. The MoU, said to pave the way for continued cooperation, covers areas such as knowledge sharing, wor
The oil-chemical tanker Success 9, which went missing last week after being boarded by unidentified persons, has been located and its crew is reported to be safe. The Singapore-flagged tanker was boarded at about 10 pm (Singapore time) on April 10, about 300 nautical miles (556km) off the coast of A
Zenith Energy is working on getting its hands on a production sharing contract (PSC) for a block containing an oilfield off Benin.
The offshore energy and shipping industries are essential components of global trade and commerce, responsible for transporting goods and powering homes and businesses around the world. However, they are also significant contributors to greenhouse gas emissions. As the world’s focus on reducing carb
The Federal Government of Nigeria has filed criminal charges against energy company Seplat Energy and some of its directors and officers over an alleged breach of the Immigration Act. In a statement issued on 13 April, Seplat Energy reported that the suit is in relation to the immigration status of
Elegant Exit Company (EEC), a sustainable ship recycling startup, is on a mission to change the ship recycling industry by converting old ships into green steel. The Drachten-based company was launched in 2020 with plans to own a fleet of end-of-life ships that will be operated until their planned r
In 2021, LNG was the most popular alternative fuel considered by shipowners for use in the (then) next five years; twice as many as those who said they were considering biofuels. That position has now virtually reversed, with biofuels at the same level of response as LNG in 2021 while LNG has fallen
The maritime industry has a better idea of the trade-offs necessary to achieve net zero, although most of the practical work still lies ahead, and regulatory and technology uncertainties remain, a recent survey conducted by the London-based law firm Watson Farley & Williams (WFW) shows. ‘The Sustain
Three companies owned by Norway’s Scana have secured new contracts with a total value of approximately NOK 100 million (over €8.7 million) that will be delivered next year. Seasystems has secured a contract for the delivery of an anchoring system to an FSO project outside West Africa valued at close
Greek shipowner and operator Euroseas has taken delivery of its M/V Gregos, an eco 2,800 TEU feeder containership newbuilding from Hyundai Mipo Dockyard Co. in South Korea. The vessel is EEDI Phase 3 compliant and equipped with a Tier III engine and other sustainability-linked features including alt
