Africa
Suez Canal Cuts Tolls for Dry Bulkers
The Suez Canal Authority is offering a discount to dry bulk vessels with the aim of attracting more ships to transit the waterway. Laden dry bulk vessels coming from ports in the East and South Australia and heading to ports in the North West Europe are to be granted 75% rebate of the full amount [&
2H Offshore Sets Up First Production TTR on Moho Nord
2H Offshore, an Acteon company, has installed the first of 17 production top tension risers (TTRs) for Total E&P Congo’s Moho Nord field. 2H has installed and tensioned up the first production TTR and performed pressure tests prior to the completion drilling phase through the TTR. The installation w
Tullow stalls Namibian well
UK-based oil company Tullow Oil and the Australian oil company Pancontinental Oil & Gas don’t see eye to eye when it comes to a decision about drilling an exploration well in PEL 37 offshore Namibia. Tullow farmed into Pancontinental’s PEL 37 license in September 2013 taking 65% interest as well as
TGS to expand African multi-client library with new seismic survey
TGS, a provider of multi-client geoscience data to oil and gas companies, will further expand its NWAAM multi-client library with more than 11,000 kilometers of long-offset broadband 2D seismic data. The expansion regards the Northwest African Atlantic Margin (NWAAM) area, more precisely the Maurita
Portugal books Algerian LNG cargo
REN’s Sines LNG import terminal on Portugal’s Atlantic coast is scheduled to receive a cargo from Algeria during the weekend.
FAR boosts Guinea-Bissau acreage
Australian oil company FAR Limited has been given more interest in licenses offshore Guinea-Bissau as well as an extension of the license periods. Negotiations have concluded with the National oil company of Guinea-Bissau, Petroguin, to revise the terms of both the Sinapa and Esperanca licenses to w
TGS Continues to Expand MSGBC Basin Seismic Data Library
TGS is further expanding its North-West African Atlantic Margin (NWAAM) multi-client library in the MSGBC Basin as it plans to acquire more than 11,000 kilometers of long-offset broadband 2D seismic data together with magnetic and gravity data, in Senegal and Gambia. This expansion is being undertak
Lloyd’s Register enters oil & gas services JV in Ghana
Lloyd’s Register has signed an agreement with GOSCO to form a joint venture dedicated to providing well project management, well engineering and associated site survey, geotechnical and rig inspection services, in the territorial waters of Ghana. The aim of the joint venture company, known as ‘Lloyd
OCEAN Alliance Starts Ploughing the Seas
CMA CGM, COSCO Container Lines, Evergreen Line and Orient Overseas Container Line (OOCL) launched the forty new services through the OCEAN Alliance on Saturday, April 1. The OCEAN Alliance comprises a total of 323 ships with an estimated total carrying capacity of over 3 million TEUs, and will run f
Drewry: 2017 a Year of Small Comeback for Container Carriers
2017 should be a year of small profits for most container carriers but there will be very little room for error, according to shipping consultancy Drewry. The short-term outlook for the container shipping lines looks good as the worst seems to have passed, Drewry said. Drewry initially expected indu
Lekoil, GE work to develop Ogo field (Nigeria)
Lekoil, an oil company focused on Africa, has signed a Memorandum of Understanding with GE Oil & Gas for the development of a work programme for the Ogo field in OPL310, offshore Nigeria. Lekoil is currently in discussions with other potential partners for the financing of the OPL310 appraisal progr
BW Offshore agrees FPSO Abo extension
FPSO operator BW Offshore has signed an extension agreement for the lease and operation of the FPSO Abo with Nigerian Agip Exploration Ltd, a subsidiary of Italy’s ENI S.p.A. After several temporary extensions, the extension with Agip is now until March 31, 2018, with options until 2023. The duo has