Africa
Somali Piracy Threat Is Receding, Says Head of NATO Counter-Piracy
Calmer waters seem to be on the horizon as the threat from Somali pirates is withering, NATO’s counter-piracy commander said, warning that the international forces shouldn’t lower their guard before the threat is completely removed. Speaking in figures, in the first half of 2012 the number of Somali
E.ON Makes New Discoveries in Algeria
E.ON E&P and Sonatrach have made further oil and gas discoveries in the Rhourde Yacoub license area in Algeria. In cooperation with Sonatrach, the Algerian National Oil & Gas Company, E.ON E&P has successfully completed the drilling and testing of the 7th exploration well in block 405a and found oil
Low Sulphur Switch Will Have Billion Dollar Implications, Says ICS
The International Chamber of Shipping (ICS), whose 36 member national shipowners’ associations represent all sectors and trades and more than 80% of the world merchant fleet, has called on the International Maritime Organization (IMO) to accelerate a critical study into the global availability of lo
Tanzania: Work Starts on Mnazi Bay to Dar es Salaam Gas Pipeline
The government of the United Republic of Tanzania officially inaugurated the Mnazi Bay to Dar es Salaam Gas Pipeline Project on Saturday. The pipeline is expected to be approximately 532 km long with a 36″ main line and one 24″ spur line. Construction of the pipeline will begin immediately and is ex
EUNAVFOR Assists Rescue of Capsized Ferry off Zanzibar
On 18 July the ferry MV Skagit was reported to be sinking off Chumbe island. The EU Naval Force Somalia Operation Atalanta (EU NAVFOR) immediately redirected a Luxembourg Maritime Patrol and Reconnaissance Aircraft (MPRA), which was conducting counter-piracy patrols closest to the location of the si
Anadarko Discovers Gas Offshore Ghana
Anadarko Petroleum Corporation today announced the Wawa-1 exploration well, located in the Deepwater Tano Block offshore the Republic of Ghana, discovered approximately 43 net feet (13 meters) of oil pay and 65 net feet (20 meters) of gas-condensate pay in Turonian-aged reservoirs. Samples from the
Egyptian Damietta Port Receives Semisubmersible Drilling Rig Ocean Endeavor
The port of Damietta recieved during the month of June the giant semisubmersible drilling rig Ocean Endeavor owned by U.S. company Diamond Offshore. Ocean Endeavor is specialized in the detection and exploration for oil and was leased to the Burullus Gas company working in the field of oil explorati
Liebherr Delivers Two Super Post Panamax STS Cranes to South Africa
Liebherr Container Cranes has recently delivered and commissioned two Super Post Panamax Cranes in Ngqura Container Terminal, South Africa. The terminal is operated by Transnet and these two cranes bring to eight, the total number of Liebherr ship to shore cranes operating in Ngqura Container Termin
Liebherr Delivers Super Post Panamax STS Cranes to Ngqura (South Africa)
Liebherr Container Cranes has recently delivered and commissioned two Super Post Panamax Cranes in Ngqura Container Terminal, South Africa. The terminal is operated by Transnet and these two cranes bring to eight, the total number of Liebherr ship to shore cranes operating in Ngqura Container Termin
Tanker Industry Faces Tumultuous Tides
Tanker industry is facing tumultuous tides as the oil traders are backing out of the market, causing reduction of chartering demand and thus inflicting considerable losses. As reported by Bloomberg, the biggest oil-tankers are experiencing 17-month low due to Chinese economic setback for a sixth qua
Pancontinental Purchases 10 pct of Paragon’s Interest in Namibia Licence EL 0037
Pancontinental Oil & Gas NL (“Pancontinental”) announces that it has reached agreement with EL 0037 co-venturer Paragon Holdings Limited (“Paragon”) for Pancontinental to purchase 10% of Paragon’s interest in the EL 0037 licence for US$4 million. Pancontinental will now pay Paragon US$2 million and
Dutch Defence Organisation Makes Security for Merchant Shipping Cheaper
Minister of Defence Hillen is making it cheaper for shipping companies to deploy marines on board merchant ships passing through waters off the coast of Somalia. These military personnel protect vulnerable vessels from pirates in Vessel Protection Detachments (VPDs). The Dutch shippers’ organisation