London-based Ophir Energy, the developer of the Fortuna FLNG project, has signed a new production sharing contract for an offshore block in Equatorial Guinea. Ophir signed the deal with Equatorial Guinea’s Ministry of Mines and Hydrocarbons and national oil company GEPetrol for Block EG-24 offshore
Oslo-listed independent oil and gas company African Petroleum (AP) has started arbitration proceedings “to protect its interests” related to its licenses offshore The Gambia. According to its statement on Wednesday, the company’s subsidiaries, African Petroleum Gambia Limited and APCL Gambia B.V hav
The Liberian Registry has launched a Cyber and Ship Security Computer-Based Training (CBT) program as it believes that there is a need for both crew and shore-based staff to receive cyber security training. The program provides an overview of cyber-security issues, including concepts such as malware
The Climate Bonds Initiative (CBI) has launched the Marine Renewable Energy Criteria which made marine renewable energy investments eligible for Climate Bonds Certification.
Oil and gas company Global Petroleum has seen an increase in the prospectivity of its acreage offshore Namibia following the completion of seismic data interpretation. Global holds an 85% participating interest in Petroleum Exploration Licence No. 0029, covering offshore blocks 1910B and 2010A. The
The Hague-based LNG giant Shell said Wednesday that Guy Elliott has stood down as a non-executive director of the company after US regulators charged his former company Rio Tinto with fraud for not coming clean about a coal deal in Africa. In a complaint filed on Tuesday, the Securities and Exchange
A total of 121 incidents of piracy and armed robbery against ships were reported in the first nine months of 2017, according to the International Chamber of Commerce’s (ICC) International Maritime Bureau’s (IMB) latest quarterly report on maritime piracy. In total, 92 vessels were boarded, 13 were f
Canadian developer Seawood Designs is offering to share more than ten years of developmental intellectual property (IP) with others developing point absorber wave energy converters (WECs).
South African unions will organize a protest on October 18 demanding that the Madagascan Government takes all necessary steps to reinstate 43 dockworkers who were sacked at the Port of Toamasina. Planned by the Congress of South African Trade Unions (COSATU), and its affiliate the South African Tran
Four companies, Add Energy, Transborders Energy (TBE), TechnipFMC, MODEC have teamed up to create what they say is a unique and fast deployment business model for the FLNG industry
The third quarter of 2017 saw the highest level of total tanker deadweight tons (DWT) sold for scrap in any quarter since 2010. Some 4.98 million DWT or 2.69 million gross tonnes were sent for demolition during the quarter, according to the data compiled by VesselsValue. This equals to 40 tankers be
The IMO’s 0.5 sulphur cap on marine fuel set to enter into force in 2020 has caused numerous headaches to shipowners as they start to prepare for compliance of their fleets with the new regulations. Speaking of the available solutions during a Capital Link panel on Marine Fuels: An Industry in Trans
