Africa
Mission to Seafarers Responds to Rising Seafarers’ Welfare Issues in UAE
In the last two years, the Dubai-based team of the Mission to Seafarers (MtS) welfare charity dealt with 298 vessels which had significant welfare issues involving more than 1,600 seafarers, the organization said. As informed, the number of cases has steadily increased to the extent that the current
IADC: Valuing Variations in Dredging Contracts
The International Association of Dredging Companies (IADC) has just released their latest article named ‘Valuing Variations In Dredging Contracts’. Variations have the potential to generate substantial extra costs and pose significant delay and disruption to a dredging project. Moreover, the valuati
Bassoe: Use ’em while they’re hot. Oil companies should contract more offshore rigs now instead of later
With stable oil prices, rig oversupply, and lower-than-ever dayrates, the offshore drilling market couldn’t be more attractive to oil companies. But by not keeping offshore rigs on contract, oil companies are contributing to an industry-wide breakdown which may end up coming back to haunt them. By D
Oil rebounds on U.S. stocks drawdown, but declining OPEC compliance weighs
By Naveen Thukral SINGAPORE (Reuters) – Crude oil prices bounced back on Wednesday as a decline in U.S. inventories underpinned the market, although a dip in compliance with OPEC efforts to reduce output and near record supplies capped gains. The benchmark for global oil market, Brent futures gained
Total wants a slice (or two) of Senegal’s deepwater cake
French oil major Total is entering into the oil and gas exploration and production sector in Senegal with two agreements signed this week. The company and the Republic of Senegal have signed two agreements enabling Total “to contribute to the exploration activities in Senegal’s deep and ultra-deep o
OBP: Nearly 2,000 Seafarers Affected by Piracy in West Africa in 2016
There was a 57 percent rise in the number of seafarers affected by piracy in West Africa in 2016, a report on the state of maritime piracy released by the Oceans Beyond Piracy (OBP) program shows. Last year’s rise in piracy and armed robbery at sea in West Africa saw a recorded 95 incidents overall,
Parties Sign Umbrella Agreement for Fortuna Project
Oil and gas company Ophir Energy has entered into a detailed Umbrella Agreement (UA) that establishes the full legal and fiscal framework for the Fortuna FLNG Project, Africa’s first deepwater FLNG project. The deal, signed between the Republic of Equatorial Guinea, Ophir Holdings & Ventures Ltd, a
McQuilling: Ten VLCCs Set to Exit Trading Fleet in 2017
With demolition values on the rise and impending environmental regulations that will require costly upgrades to existing vessels, the very large crude carrier (VLCC) sector is set to see an accelerated scrapping program begin this year. The scrapping spree is expected to persist throughout the next
Ophir spuds exploration well off Ivory Coast
Ophir Energy started drilling the Ayamé-1X exploration well, offshore Ivory Coast, on Saturday, April 29, 2017, using the Seadrill-owned West Saturn drillship. The well, operated by Ophir Energy, is located on the CI-513 license. African Petroleum holds a 45% interest in the license, with Ophir Ener
Nigeria LNG hits 4000 cargoes milestone
Nigeria LNG hit a new milestone with the export of 4000th cargo from its Bonny Island facility to the Marmara LNG terminal in Turkey.
Ophir Spuds Well Off Ivory Coast
African Petroleum informed the Ayamé-1X exploration well, offshore Ivory Coast, was spudded on Saturday April 29, 2017 using the Seadrill West Saturn drillship. The well, operated by Ophir Energy, is located on the CI-513 licence. African Petroleum holds a 45% interest in the licence, with Ophir Ene
Fortuna FLNG partners ink umbrella agreement ahead of FID
The Republic of Equatorial Guinea, Ophir Energy, OneLNGSA and La Compañía Nacional De Petróleos De Guinea Ecuatorial (GEPetrol) have signed a detailed umbrella agreement that establishes the full legal and fiscal framework for the Fortuna FLNG project, Africa’s first deepwater FLNG project. Ophir ex