An armed security guard, who boarded a bulk carrier owned and operated by Eagle Bulk earlier this month, took control of the ship and deviated it from its course citing a payment dispute with his employer. The armed guard embarked M/V Jaeger together with two of his colleagues on July 21st, 2020, in
Fugro has begun its shallow water campaign for the 2Africa subsea fibre-optic cable project. Once installed, it will connect 23 countries in Africa, the Middle East and Europe and deliver more than the total combined capacity of all subsea data cables serving Africa today. Fugro is supporting the pr
The UK-based Sound Energy has issued 129.4 million shares aiming to raise £2.75 million ($3.56 million) as it pushes forward with its Moroccan LNG project.
Smit Salvage has been awarded the contract to refloat the giant bulker that ran aground off Mauritius over the weekend. Local contactor CELERO will also join the salvage operation and assist in the pumping out of fuel from the ship. The Capesize bulker Wakashio is believed to be carrying 3,894 tonne
French oil major Total has decided to divest its portfolio of mature non-operated assets located offshore Gabon to Perenco.
Wind turbine manufacturer Siemens Gamesa posted € 466 million net loss in the third quarter of FY 2020, attributed largely to the effects of the COVID-19 pandemic and challenges in the onshore segment. Between April and June, Siemens Gamesa recorded revenues of € 2.411 billion, an eight percent decl
South African domestic natural gas and helium producer Renergen has completed the design of the Virginia gas plant.
The seafarer community is in the midst of a mental health crisis due to the impacts of the COVID-19 pandemic on the seafarers’ welfare and that of their families, the latest edition of the Seafarers Happiness Index (SHI) published by the Mission to Seafarers shows. The SHI is a barometer of the key
The Ministry of Mines and Energy in Namibia has agreed to extend Global Petroleum’s licence sub-period in connection with a licence offshore Namibia.
Global oil and gas project sanctioning in 2020 has made a colossal drop in comparison to 2019 levels with Norway, and somewhat Russia, attempting to increase the total sanctioning value.
The upcoming partial return of curtailed OPEC+ oil production from August is set to create a new four-month supply glut of around 170 million barrels, a Rystad Energy analysis reveals.
Eni has successfully tested the well drilled on the prospect called Bashrush, in the North El Hammad concession in the Mediterranean Sea, in the conventional Egyptian waters of the Nile Delta.
