Australian oil and gas explorer Far Limited has denied allegations made in a news story recently published by Upstream, an oil and gas news source, related to an alleged dispute with the UK-based Cap Energy. Namely, Upstream recently reported on an alleged spat between Far and Cap over access to 3D
The Norwegian car shipping company Höegh Autoliners has been referred to the Competition Tribunal of South Africa for prosecution on seven charges relating to collusive tendering, price fixing and market division. The charges come on the back of a probe into widespread anti-competitive conduct in th
Offshore driller Borr Drilling has accepted a letter of intent from BW Energy Dussafu, a subsidiary of BW Offshore, for a drilling campaign offshore Gabon. Borr’s high-specification jack-up rig Norve will be utilized to drill and complete two subsea development wells, the driller informed on Wednesd
The volume of secondhand containership sales reported in the first eight months of 2017 totalled 0.75 million TEU, exceeding the previous annual record level of 0.64 million TEU set in 2015. According to Clarksons Research, a new monthly record was set in March 2017 which witnessed some 40% of the f
The technology group Wärtsilä and Finnish-based wave energy developer AW-Energy have signed a cooperation agreement to sell and deliver WaveRoller wave energy device worldwide.
UTEC, a global survey company in subsea services group Acteon, has appointed long-term employees, Cory Goodyear, Mick Elmslie and Jonathan Watt as Business Unit Directors across its Americas and Europe and Africa business units. The announcement follows the completion of a strategic review which als
UTEC, a global survey company in subsea services group Acteon, has elected three business unit directors across its Americas and Europe and Africa business units. The announcement follows the completion of a strategic review which also sees the UTEC corporate headquarters move from Houston to within
Chevron-led Angola LNG, the country’s only liquefied natural gas producer, has entered into a supply deal with German utility RWE’s trading subsidiary. This is the second deal this month for the LNG producer following the Vitol supply agreement last week. Under the new deal, Angola LNG cargoes will
Automation of shipping and ports has been dubbed as a “marketing rush” by the president of the Maritime Union of Australia (MUA) Paddy Crumlin, while speaking in Singapore last week. According to the MUA President, and its General Secretary Stephen Cotton, consequences of automation have not been ca
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Since the downturn of 2009, when it slumped by 4%, world seaborne trade has grown by 38%, adding an extra 3.2 billion tonnes, but has the extra ‘weight’ been put on? The wide spectrum of seaborne trade is well known, with a range of cargo types contributing to a projected 11.5 billion tonnes this ye
The International Convention for the Control and Management of Ships’ Ballast Water and Sediments (BWM Convention) entered into force on September 8, 2017. Adopted by the International Maritime Organization (IMO) in 2004, the measure for environmental protection that aims to stop the spread of poten
