Africa
Sirius secures OSVs for Ororo drilling campaign
Sirius Petroleum, an investment company focused on oil and gas opportunities in Nigeria, has made a deal for the provision of offshore service vessels (OSVs) through Tidewater Marine International for a multi-well campaign at the Ororo field offshore Nigeria. Tidewater Marine International is an int
IADC: Valuing Variations in Dredging Contracts
The International Association of Dredging Companies (IADC) has released in its latest Terra et Aqua an article named “Valuing variations in dredging contracts”. The article, written by David Kinlan, explains how variations are essential in dredging contracts and that they have the potential to gener
Somali Security Forces Free Indian Crew after Standoff with Pirates
The crew of the Indian cargo ship that was taken by Somali pirates on April 1st have been released after a standoff with Somali security forces, Oceans Beyond Piracy (OBP) confirmed to World Maritime News. Up to 11 crew members were said to be on board MV Al Kausar when it was hijacked. Two crew mem
OPEC over-delivers on oil cuts, but sees rivals’ output rising
By Alex Lawler LONDON (Reuters) – OPEC cut oil output in March by more than pledged under a supply reduction deal and said oil inventories had fallen in February, suggesting that its effort to clear a supply glut that has weighed on world oil prices is succeeding. But the Organization of the Petrole
Clean energy investment fall 17% in Q1 2017
Global clean energy investment in the first quarter of 2017 was down 17% compared to the same period of 2016, according to the latest figures from Bloomberg New Energy Finance (BNEF).
Alphaliner: Container Carrier Giants End 2016 in Red
Despite the freight rate improvements that followed the collapse of Hanjin Shipping in late August, the average operating margins of 13 main container carriers remained negative in the second half of 2016, according to Alphaliner. Due to the tough operating environment, only three carriers recorded
Sirius Petroleum elects new COO to spearhead Ororo ops
Sirius Petroleum, a company focused on oil and gas exploration and development opportunities in Nigeria, has appointed Peter Gregory as its new chief operating officer (COO). Sirius said on Wednesday that Gregory’s primary responsibility would be operational areas regarding the Ororo field and that
Sandia Labs sets up wave energy webinars
Sandia National Laboratories has scheduled two webinars to be held this month with a focus on wave energy sector development.
Shell says it knew some payments for Nigeria oilfield would go to Malabu
By Libby George LONDON (Reuters) – Royal Dutch Shell <RDSa.L> has said it knew that some of the payments it made to Nigeria for the rights to an oilfield would go to Malabu Oil and Gas, a company associated with a former Nigerian oil minister and convicted money launderer. Shell spokesman Andy Norma
Ocean Energy Systems releases 2016 annual report
The Ocean Energy Systems (OES) has published its annual report with an assessment of the current state of the ocean energy industry.
John Agyekum Kufuor FPSO arrives offshore Ghana
The newbuild FPSO John Agyekum Kufuor, to be used for the giant Sankofa oil and gas development offshore Ghana, has reportedly reached the West African nation’s waters. According to a local news website Graphic, the FPSO is now undergoing mooring operations at the Offshore Cape Three Points (OCTP) i
Nigerian cargo heading for Portugal
REN-operated Sines LNG import terminal in Portugal is to receive a new cargo of the chilled fuel from Nigeria.