Italian oil and gas company Eni has signed a long-term cooperation agreement with GE Oil & Gas for work on Eni’s offshore gas developments in Mozambique. GE said on Monday the agreement comprised a multi-year contract to supply subsea production systems, ancillary equipment and services for Eni’s re
The 1988-built product tanker Theresa Arctic, which ran aground off the coast of Kilifi in Kenya on June 20, could soon be refloated, according to local media. The Netherlands-based SMIT Salvage, as well as the local salvage company Alpha Logistics were reportedly hired to undertake the refloating o
Although the overall performance in the product tanker market remains disappointing, some positive dynamics have been seen in the MR segment, according to a report from Gibson Shipbrokers. MRs have fared somewhat better than larger product carriers in recent months despite the continued weakness in
Hyperdynamics Corporation’s subsidiary, SCS Corporation Ltd. (SCS), and South Atlantic Petroleum (SAPETRO) are proceeding with the preparation to spud the Fatala-1 well off Guinea with an estimated spud date by the end of next month. In late May, Pacific Drilling-owned drillship Pacific Scirocco ent
Polarcus has received an award for a 3D project offshore West Africa with a duration of one month. The project is scheduled to start early in Q4 2017, the company informed. The Polarcus XArray methodology will be utilized to optimize both data quality and acquisition efficiency. Richard Price, senio
Total E&P Nigeria has awarded Golden Energy Offshore, a Norway-based shipowner and operator of offshore service vessels, a three-month contract for one of its platform supply vessels (PSVs). Golden Energy said on Monday that the contract for the Energy Scout PSV also has option periods of three mont
Many key drivers for dry cargo demand have reported a significant uptick in 2017, resulting in improving conditions for all vessels in the multipurpose shipping sector, shipping consultancy Drewry informed. This year started out well with most demand drivers for the breakbulk sector strengthening fr
The newbuild activity for the first half of 2017 has surpassed the same period last year by 20%. A total of 5.9 million DWT was contracted in May 2017 and 3.1 million DWT so far in June 2017, which brings the total amount of newbuild orders up to 19.6 million DWT for 2017, BIMCO’s figures […]
Marine seismic acquisition company Polarcus has received an award for a 3D project offshore West Africa. The project, with an undisclosed client, is expected to begin in the early fourth quarter 2017 with a scheduled duration of one month. The Polarcus XArray methodology will be utilized to optimize
Norway’s subsea installation specialist Ocean Installer has completed a job in Equatorial Guinea under a master service agreement (MSA) with an undisclosed energy company. Ocean Installer said on Monday that the project was awarded as the first call off under the newly signed MSA. The work scope inc
Ocean Installer has recently completed a project in Equatorial Guinea as the first call off under a newly-signed master service agreement with an independent energy company. The work scope included the installation of subsea equipment and offshore operations and took place in June 2017, making use o
Most West African port projects are in uncertain waters amid a change in the location and nature of transhipment hubs serving the region’s port market, according to shipping consultancy Drewry. In the long run, major new port projects “will make sense, although it is unlikely that all the proposed p
