Africa
Chevron Inks Agreement for Three Exploration Areas Offshore Morocco
Chevron Corporation announced that its subsidiary, Chevron Morocco Exploration Ltd, signed petroleum agreements with Morocco’s Office National Des Hydrocarbures Et Des Mines for three offshore areas. “We look forward to participating in exploration activities in Morocco, which provides Chevron an op
Vantage Drilling’s Newbuild Drillship to Work in West Africa
Vantage Drilling Company announced today that it has received a conditional letter of award for its newbuild drillship the Tungsten Explorer to work in West Africa. The award is for a period of up to four years commencing in mid 2014. The contract has a minimum duration of two years, while the custo
Vantage Drilling Receives LoA for Newbuild Drillship Tungsten Explorer
Vantage Drilling Company (“Vantage”) announced that it has received a conditional letter of award for its newbuild drillship the Tungsten Explorer to work in West Africa. The award is for a period of up to four years commencing in mid 2014. The contract has a minimum duration of two years, while the
Vantage Secures Contract for Newbuild Drillship in West Africa
Vantage Drilling Company announced today that it has received a conditional letter of award for its newbuild drillship the Tungsten Explorer to work in West Africa. The award is for a period of up to four years commencing in mid 2014. The contract has a minimum duration of two years, while the custo
Benin to Install Second Submarine Broadband Cable
Benin announced plans to install a second submarine broadband cable in order to increase Internet capacity, African Manager informs. The first phase worth around US$35 million will be funded through the credit from the International Development Association (IDA), repayable over 40 years with 10 year
WSS: Streamlined Straits Solution for Gibraltar Proves Successful in 2012
Just a year since its launch, Wilhelmsen Ships Service (WSS) reports positive uptake of the ‘Your Strait Solution’ initiative – an integrated service solution for vessels passing through the Straits of Gibraltar. According to Nicholai Bado, Ships Agency Service Manager, 2012 was an ‘intensive year’,
Drewry: Tanker Activity Down but Rates and Earnings Rise
Tanker owners enjoyed a strong rise in earnings last month despite a downturn in activity. The Drewry Tanker Earnings Index, published monthly in the Tanker Insight report, recovered in the last month of 2012 to finish above the two-year average. However, vessel earnings are still far from comfortab
IMO, IHO and SHOM Hold Hydrography and Cartography Training Course in Ivory Coast
The International Maritime Organization (IMO), in collaboration with the International Hydrographic Organization (IHO) and the French Hydrographic Office (SHOM), recently held a two-week training course in hydrography and nautical charting for the benefit of French-speaking African countries. The tr
Caris: IMO/IHO/SHOM Hydrography Training Course (Ivory Coast)
The International Maritime Organization (IMO), in collaboration with the International Hydrographic Organization (IHO) and the French Hydrographic Office (SHOM), recently held a two-week training course in hydrography and nautical charting for the benefit of French-speaking African countries. The tr
Top News of the Week of Jan 14 – 19, 2013
Top News of the Week of Jan 14 – 19, 2013
Drewry: Capesize Difficulties Countered by Smaller Vessel Gains
Drewry Maritime Research’s latest Dry Bulk Insight report published in January highlights the changing fortunes of the market. December saw a large drop in the Drewry Hire Index. The dip occurred mainly due to a massive decline in Capesize segment freight rates. A lack of cargo and an oversupply of
Allied Hires Sedneth 701 Rig to Drill Oyo Well (Nigeria)
CAMAC Energy Inc. announced on January 7 that Allied Energy PLC , an affiliate of the Company’s largest shareholder and the operator of its Nigerian deep water blocks, OML 120 and OML 121, has signed a Deed of Assignment (“Deed”) with Transocean Ltd. and Nigerian Petroleum Development Corporation Li