As we enter a new year, it is time for us to have a look back at the most-read stories from the past year. 2022 has been a rather turbulent year in many respects. As the world started to emerge from the COVID-19 pandemic, another black swan event rocked the shipping markets to the core, […]
TotalEnergies’ unit in Gabon has signed a new exploitation and production sharing contract with the Gabonese government, as well as a deal to extend the Establishment Agreement. TotalEnergies EP Gabon has signed with the government an agreement relating to the rearrangement of certain provisions of
Malaysian FPSO provider Yinson has secured another contract extension with Addax Petroleum for a floating, production, storage, and offloading (FPSO) vessel carrying out operations in Nigeria. Yinson revealed on 22 December that it had received a new short-term extension of the contract for FPSO Ado
Namibia’s Ministry of Mines and Energy has granted a second one-year extension for the Petroleum Exploration License 87 (PEL 87) located in the Orange Basin. Canada-based Sintana Energy reported on 21 December that Namibia’s Minister of Mines and Energy had granted a second one-year extension to the
UAE-based Shelf Drilling has secured three-year contracts for two of its jack-up rigs for work offshore India, as well as a one-year contract for a rig to operate off the coast of Nigeria. Shelf Drilling reported that Compact Driller and Key Singapore had been appointed for operations in Mumbai High
Italian oil and gas company Eni has launched the second floating liquefied natural gas (FLNG) project in the Republic of Congo to increase production and export. To this end, Eni has signed a contract with Chinese shipyard Wison Heavy Industry for the construction and installation of an FLNG unit wi
The Nigerian Upstream Petroleum Regulatory Commission (NUPRC), on behalf of the Federal Government, is planning to hold a mini-bid round for seven offshore blocks in order to spur new exploration and drilling activities in the country’s deep waters. The seven blocks in the Mini Bid Round cover an ar
LNG has been described as a transitional fuel for the shipping industry for years now, and a practical solution for shipowners who want to act now on their emissions and not wait on the side-lines. Nevertheless, as of recently, we are also seeing that LNG is becoming a fuel in transition as owners s
The Mediterranean Sea has been designated as an Emission Control Area for Sulphur Oxides and particulate matter at last week’s MEPC 79th session. The designation means that as of 1 May 2025 ships will be required to use marine fuel with reduced sulphur content. The permissible sulphur content will f
Eco (Atlantic) Oil & Gas has secured all the required approvals for the acquisition of an additional interest in a block off South Africa.
The IMO failed to adopt a concrete shipping decarbonisation target for shipping this week following the Marine Environment Protection Committee (MEPC 79) meeting that ended earlier today. The support from the member countries for eliminating the industry’s emissions by 2050 and for setting interim t
Wagenborg Foxdrill has secured a contract for offshore derrick removal in Congo with a turnkey contractor for Perenco’s platform conversion.
