Malaysian FPSO provider Yinson has completed an $800 million refinancing deal for the John Agyekum Kufuor FPSO.
The effect of the COVID-19 pandemic and the ongoing oil price war will likely cause the cancellation of more than half of the world’s planned licensing rounds, according to energy intelligence firm Rystad Energy.
Multipurpose and heavy-lift shipping is facing numerous uncertainties and is most likely to see a stagnation over the coming period, according to the UK-based consultancy Drewry. The market outlook is heavily reliant on the timing of the global economic recovery from the impact of the COVID-19 pande
Huawei Marine Networks (HMN) and PEACE have advanced the manufacture and integration of the PEACE system. The system will offer the lowest latency connecting China, Europe and Africa. Throughout 2020, the delivery of the PEACE system has faced numerous challenges due to the effects and global impact
With about 126m² of land reclaimed from the sea, the reclamation works of the Ghana Tema New Container Terminal Project, undertaken by China Communications Construction’s subsidiary CHEC, were successfully finished recently. As the largest hydraulic project in Ghana at the moment, the project – whic
The Western Nigeria’s Kwara State Government has kicked off the dredging operations on the Asa River in Ilorin, the state capital, to prevent the annual flood disaster in the metropolis. According to local media, it was noticed on Monday that – in spite of the lockdown of the state – workers dredgin
Pirates boarded 37 ships and kidnapped 22 seafarers in the first quarter of 2020, the latest report from the ICC International Maritime Bureau (IBM) shows. In total, the bureau received reports of 47 attacks in the first three months of this year, with the Gulf of Guinea remaining the world’s piracy
Borr Drilling has received notices of early termination for several of its drilling rig contracts, but it has also been awarded new contracts for its rigs.
Houston-based oil and gas company Vaalco Energy has completed workover operations on the South East Etame 2H well offshore Gabon.
The South African Maritime Safety Authority (SAMSA) is working with South African Police Services on an investigation into an alleged throwing overboard of two stowaways by the crew of a foreign cargo vessel off South Africa. SAMSA said that the two men from Tanzania, believed to be stowaways, had r
After four days of negotiations OPEC, Russia, and allies have agreed on record production cuts to save the oil industry amid a major industry crisis exacerbated by the coronavirus pandemic.
MIKE by DHI Software has just released this interesting video named ‘Model complex sediment transport processes and shoreline morphology’. The erosion and deposition of sand creates challenges for those tasked with beach development and conservation, maintaining harbor depths and controlling sedimen
