Africa
Piracy on World’s Seas Reaches Five-Year Low
Naval and armed guard protection is working, but the seas off East and West Africa remain dangerous, warns IMB. Piracy on the world’s seas has reached a five-year low, with 297 ships attacked in 2012, compared with 439 in 2011, the latest International Maritime Bureau’s (IMB) report revealed on Janu
BMT Designs Crewboats for Nigerian Offshore Operations
BMT Nigel Gee, a subsidiary of BMT Group, has won a design contract with Penguin Shipyard International, a wholly owned subsidiary of Singapore-based crewboat builder and operator, Penguin International Limited, for the design of two 25-metre monohull Fast Crew Boats. Penguin is building the two BV
BMT Nigel Gee to Design Fast Crew Boats for ARCO Marine (Nigeria)
BMT Nigel Gee, a subsidiary of BMT Group, announced that it has won a design contract with Penguin Shipyard International, a wholly owned subsidiary of Singapore-based crewboat builder and operator, Penguin International Limited, for the design of two 25-metre monohull Fast Crew Boats. Penguin is bu
McDermott, Allseas Win FEED Contract for Subsea Project Off Mozambique
McDermott International, Inc. announced that one of its subsidiaries has teamed up with industry leader Allseas to provide a robust project execution strategy for the front-end engineering and design (“FEED”) of a subsea natural gas pipeline system and subsea infrastructure installation project for
McDermott, Allseas Secure FEED for Subsea Installation Project Off Mozambique
McDermott International, Inc. has teamed up with industry leader Allseas to provide a robust project execution strategy for the front-end engineering and design (“FEED”) of a subsea natural gas pipeline system and subsea infrastructure installation project for US independent Anadarko Petroleum offsh
Maritime Labor Convention Will Offer Protections to Maritime Workers
In 2012, the International Labor Organization, the United Nations group dedicated to advocating for laborers around the world, announced that the Maritime Labor Convention will go into effect in August 2013 after Russia and the Philippines ratified it. Ratification of the convention required signing
2012: Record Year for Upstream M&A Activity, Wood Mackenzie Says
2012 was another record year for upstream M&A activity totalling $232 billion of spend according to Wood Mackenzie’s annual M&A review. The year was dominated by three major transactions in the second half of the year: Rosneft/TNK-BP; CNOOC/Nexen; and Freeport/Plains. Excluding these deals, while it
Shipping Industry Bodies Urge Continued Application of Anti-Piracy Measures
The International Maritime Organization, the International Chamber of Shipping (ICS), BIMCO, the Oil Companies International Marine Forum (OCIMF), the International Association of Independent Tanker Owners (INTERTANKO), the International Association of Dry Cargo Shipowners (INTERCARGO), the Internat
Eni: Sankofa East 2A Appraisal Well Successful (Ghana)
Eni successfully drilled Sankofa East 2A, the first appraisal well of the Sankofa East oil discovery in the Offshore Cape Three Points (OCTP) block, located in the Tano Basin offshore Ghana, around 50 km off the coast of Ghana. The result is important because it confirms the commercial standing of t
Ghana: Greater Accra Drainage Project Kicks Off
Sod has been cut for the take off of a major Sanitation and Drainage Project for the Accra Metropolis. The Project will among other things focus on the dredging of the Odaw basin and the Korle Lagoon to improve sanitation challenges facing the capital. The Drainage Project is estimated at about $ 70
HRT Receives Transocean Marianas Rig
HRT Participações em Petróleo S.A. has received the semi-submersible drilling-rig Transocean Marianas from Transocean, offshore Ghana. The rig will be in transit to Namibian waters for the next three weeks and, then, she will undergo mandatory maintenance for the following 21 days, before starting H
Statoil Comments on In Amenas Incident in Algeria
“One day after the attack at In Amenas, we are still faced with an unresolved and very serious situation. There is a hostage situation at the facility,” says Statoil’s CEO Helge Lund. The In Amenas gas facility is a joint venture between Sonatrach, BP and Statoil. “Since the initial report was recei