Exhaust gas cleaning systems, also known as scrubbers, were installed on 399 ships in 2022, marking a fall of 24% y/y, data from BIMCO shows. The systems are being installed on ships to comply with the IMO 2020 Sulphur Cap as a way of cleaning out sulphur emissions while continuing to burn less expe
Westwood has advised buyers to be mindful of exploration farm-outs, after analysing the results of 419 high-impact exploration wells drilled outside the U.S. and Canada between 2017 and the end of October 2022.
As the world seeks to reduce its reliance on fossil fuels, battery-powered vessels are increasingly seen as a viable alternative to traditional diesel-powered ships. This shift is being driven by a range of factors, including advances in battery technology, the decreasing cost of batteries, and a gr
UAE-based port operator AD Ports Group signed today a Head of Terms (HoT) with the Ministry of International Cooperation and Promotion of Public Private Partnership of the Republic of Congo, for a new multipurpose terminal in Pointe-Noire in the Republic of Congo. Under the HoT, AD Ports Group has
Offshore drilling contractor Dolphin Drilling has inked another deal for a semi-submersible rig, which will extend the rig’s backlog offshore Nigeria.
An independent review of Africa Oil’s prospective resources in a block in the Orange Basin off South Africa has been completed by RISC.
Shelf Drilling has secured a long-term contract for one of its jack-up rigs with an undisclosed company for operations offshore Nigeria.
Westwood says offshore rig scrapping is at its lowest level in years, as the offshore drilling market’s recovery intensifies.
Chariot has completed the front-end engineering and design (FEED) on the key components of its flagship gas project offshore Morocco.
Tanzania’s Ministry of Energy has announced on Twitter that the negotiations for the construction of a $30 billion liquefied natural gas (LNG) terminal between Tanzania, Norway’s Equinor, and UK’s Shell are complete and experts are now writing contracts. The ministry notified the public that Tanzani
Chinese shipbuilder Shanghai Waigaoqiao Shipbuilding has delivered a 190,000 dwt dual-fuel bulk carrier Ubuntu Unity to its owner Clouds Marine SA, based in the Marshall Islands. The LNG-powered Capesize bulk is intended for Greek-based Maran Dry Management, according to the data from VesselsValue a
Afentra plc has run into delays in completing deals with Sonangol and INA, which will allow it to acquire interests in blocks offshore Angola.
