Africa
REN21 finds 2016 as record-breaking year for renewables
The 2017 Edition of the REN21 Renewables Global Status Report has revealed that installed global renewable power capacity has hit new record in 2016 with 161GW added for 23% less investment.
International offshore rig count 27 units short year-on-year
The international offshore rig count for May 2017 was down by 27 units year-on-year, but up by one unit compared to the last month’s count, according to a Wednesday report by Baker Hughes. The international offshore rig count for May 2017 was 202, up 1 from the 201 counted in April 2017, and down 27
I.M. Skaugen reconfirms African small-scale LNG contracts
Norway-based marine transportation service company I.M. Skaugen reconfirmed its long-term charter contracts for a small-scale LNG project in Africa.
Egypt: BW Singapore FSRU moves to port in Sumed
Singapore-based gas shipping giant BW said its FSRU BW Singapore has been relocated to the port in Sumed, Egypt to continue its contract with the Egyptian Natural Gas Holding Company (EGAS).
IADC Releases June 2017 Edition of Terra et Aqua
The International Association of Dredging Companies (IADC) has just released the June 2017 edition of Terra et Aqua. Terra et Aqua is a quarterly publication of the International Association of Dredging Companies, emphasizing “maritime solutions for a changing world”, IADC said. It covers the fields
Kenya Inks Amendment to Maritime Piracy Deal
Kenya has become the 13th signatory to the Jeddah Amendment to the Djibouti Code of Conduct, the regional maritime piracy agreement, according to the International Maritime Organization (IMO). Developed and adopted by countries in the Western Indian Ocean and Gulf of Aden, the Djibouti Code of Condu
African Petroleum extends West Africa farm-out deadline
Independent oil and gas exploration company African Petroleum (AP) has extended a binding exclusivity agreement regarding the farm out of its operated interest in licenses offshore Senegal and The Gambia. In mid-April, AP signed non-binding heads of terms and a binding exclusivity agreement with wha
Product Tanker Sector: The Safest Bet Are MRs
Medium ranged product tankers (MRs) are definitely the workhorses of the product tanker shipping industry, being the most widely used vessels that can call at any port in the world including smaller and shallower ports, it was concluded during a webinar organized by Capital Link Shipping on June 1.
Aquatic’s Dual Tensioner for Atoll Umbilical Setup Off Egypt
Aquatic has been selected to provide tensioning capabilities to DeepOcean on behalf of Subsea 7 for the Pharaonic Petroleum Company’s Atoll Main umbilical installation project in Egypt. Aquatic said it will provide its dual tensioner system solution to tension the umbilical during installation. Mart
Hyperdynamics-SAPETRO Guinea farmout complete
Hyperdynamics Corporation’s subsidiary, SCS Corporation Ltd., and South Atlantic Petroleum (SAPETRO) have completed the closing of their previously announced farmout agreement. SCS and SAPETRO are now full 50/50 partners in the Production Sharing Contract (PSC) with the Republic of Guinea, with each
Clontarf bags deep water acreage off Equatorial Guinea
Ireland-based Clontarf Energy has been awarded offshore Block 18 (EG-18) as part of the Equatorial Guinea 2017 bid round. According to the company’s statement on Tuesday, Block 18 covers approximately 5,056 km2 of undrilled deep water acreage with several play types and the company’s focus will be o
Major Milestone for South Africa’s Largest Wetland Restoration Project
South Africa’s largest wetland rehabilitation project, the restoration of Lake St Lucia estuarine system, recently achieved an important milestone, according to iSimangaliso CEO Andrew Zaloumis. Mr Zaloumis said that iSimangaliso has accelerated the pace of work in the Lake St Lucia Estuary Restorat