Africa
Sierra Rutile Posts 2011 Financial Results (UK)
Sierra Rutile Limited has announced its results for the year ended 31 December 2011. Key Highlights: – A successful year of transition and progress. – Revenue increased 25% to US$55.0 million in the year (2010: US$43.9 million). – EBITDA1 of US$0.1 million (2010: US$(0.8) million). – 2011 rutile pro
Mozambique Gives Nod for Shell’s Cove Takeover Bid
The Government of Mozambique has given its consent to the offer made by Shell to acquire the company and its 8.5 per cent participating interest in Rovuma Offshore Area 1 which would arise on the takeover. Cove said it “received written confirmation from the Government that it consents to the offer
South Africa: SW 102 DS Project’s First Yacht Launched
Southern Wind Shipyard, few days ago, launched and masted the SW 102 Ds hull No 1. This is the first unit of the brand new SW 102 DS project, SY Almagores II. SW 102 DS is once again signed by Nauta Design (general design, deck and interior design) and Farr Yacht Design (naval architecture, sail pla
UK: Piracy, Passenger Ship Safety on Agenda of IMO’s Committee
Piracy and armed robbery against ships off the coast of Somalia, in the Gulf of Aden and the wider Indian Ocean will be high on the agenda when IMO’s Maritime Safety Committee (MSC) meets at the Organization’s London Headquarters for its 90th session from 16 to 25 May 2012. A High-Level Segment will
WASACE Seeks Cable System Supplier for Atlantic Basin Project
WASACE Cable Company announced that it has begun the procurement process to select a cable system supplier for the construction of its undersea fiber optic cable system, which will create new and unique communication routes to support the communities around the Atlantic Basin. WASACE will develop, o
Gasol of UK Makes Senior Management Appointments
Gasol, the West African energy development company, provided the following strategy update and also announcef the appointment of David Shipway as Head of Upstream Gas Projects and Michael Kunz as Head of Power Project Development. Strategy update Gasol’s strategy is to develop its own gas reserves i
Rialto’s New Drilling Manager to Oversee Gazelle Drilling Offshore Ivory Coast
Rialto, an oil and gas exploration and production company, has appointed Simon Zoller as Corporate Drilling Manager for the Company to manage its current exploration programme offshore Côte d’Ivoire. Zoller will be responsible for the 3 well drilling programme in Block CI 202, Côte d’Ivoire – which
Remontowa Commences Operations in Namibia
Remontowa Group are commencing operations in West Africa providing direct access to Remontowa’s experience and know-how for owners and operators of offshore support vessels. Another company will strengthen Remontowa Group’s operations (comprising 20 units so far, ranging from newbuilding yard, major
Ivory Coast: Rialto Provides Update on Gazelle Drilling
Rialto Energy Limited, an oil and gas exploration and production company, provides the following weekly update on drilling operations at the Gazelle-P3 ST well, located offshore Côte d’Ivoire. The Gazelle-P3 ST well was spudded on 12 March 2012 using the Transocean GSF Monitor jack-up drilling rig.
Indonesia Takes Stand Against Pirates
A new stance by Indonesia has made a major difference in what was once the world’s top piracy blackspot. Noel Choong, of the International Maritime Bureau (IMB), said now most attacks in the busy shipping lanes between Indonesia and Malaysia could be stopped, as long as crews maintained a careful an
South Africa Partners with US in Developing Sea-Power Project Off KwaZulu-Natal
At a workshop to show the eThekwini municipality’s plan to partner US HAE (Hydro Alternative Energy) in building a R 155 million sea-power project off the KwaZulu-Natal coast, scientists said that the research and technological knowledge were available in their country, reported the Iol. Professor W
South Africa: Scientists Need Support for KZN Sea-Power Project
At a workshop to show the eThekwini municipality’s plan to partner US HAE (Hydro Alternative Energy) in building a R 155 million sea-power project off the KwaZulu-Natal coast, scientists said that the research and technological knowledge were available in their country, reported the Iol. Professor W