Offshore driller Odfjell Drilling has received a contract from Total for its Deepsea Stavanger semi-submersible drilling rig in South Africa. The contract is for one well plus one optional well to be drilled by the 6th generation semi-submersible rig offshore South Africa. According to Odfjell Drill
The first half of 2017 saw a total of 87 incidents reported to the IMB Piracy Reporting Centre compared with 97 for the same period last year, indicating a continuing decline in the number of reported incidents of maritime piracy and armed robbery against ships. Recording some of the lowest figures
Four Japanese entities have teamed up to buy a stake in an FPSO owning and leasing company, run by Malaysia’s Yinson Holdings. The four companies, Kawasaki Kisen Kaisha, Sumitomo Corporation, JGC Corporation, and Development Bank of Japan Inc, have signed a heads of agreement to jointly acquire 26%
Japan’s Kawasaki Kisen Kaisha (K Line) has entered into an agreement with three companies to participate in the owning and chartering business for a oil and gas floating production, storage and offloading (FPSO) unit off the coast of Ghana. Together with its compatriots, Sumitomo Corporation, JGC Co
India’s ONGC Videsh is set to buy a share in an exploration licence offshore Namibia. The company on Tuesday said it had reached a binding agreement with Tullow Oil to buy 30 percent interest in Namibia Petroleum Exploration License 0037 for Blocks 2112A, 2012B and 2113B out of Tullow’s existing par
Nigeria-based oilfield services firm RusselSmith has expanded its subsea asset integrity management service offerings. The services include subsea pipeline inspection, underwater inspection in lieu of drydocking (UWILD) inspection, jack up rig inspection, and mooring inspection, among others. Soorav
Keppel Shipyard, Keppel Offshore & Marine’s (Keppel O&M) wholly-owned subsidiary, hosted a naming ceremony on July 2 for the world’s first converted Floating Liquefaction Vessel (FLNGV) owned by Golar Hilli Corporation (Golar), a subsidiary of Golar LNG. The vessel was named Hilli Episeyo and is abo
Low freight rates should be the best incentive for owners to take the bitter pill and scrap some of the outdated tonnage in order to bring the necessary ease to the heavily oversupplied market, according to BIMCO’s Chief Analyst Peter Sand. Freight rates have experienced a solid rebound from the 201
Tanzania’s port of Dar es Salaam is set to increase its capacity to 25 million tons over the next seven years as it received a financing approval for the new Dar es Salaam Maritime Gateway Project (DSMGP). Namely, the World Bank Board of Executive Directors granted its approval for a USD 345 million
The capacity of the Port of Dar es Salaam will be increased to 25 million tons over the next seven years following the World Bank Board of Executive Directors’ approval of a $345 million credit and a $12 million grant to the new Dar es Salaam Maritime Gateway Project (DSMGP). DSMGP is to be implemen
This year is one of huge correction after a disastrous 2016 for rates, buoyed at the same time by better supply and demand fundamentals, according to shipping consultancy Drewry. Global spot market freight rates were more than one-third higher in the first half of 2017 with big increases across most
Petroleum Geo-Services (PGS) has entered into a data sharing agreement with the South African Marine Research and Exploration Forum (SAMREF) for use of surplus data to improve understanding of the oceans. Data recordings like temperatures and salinity through the water column, currents and weather o
