Africa
OPEC could extend or deepen supply cut if oil glut persists: sources
By Rania El Gamal RIYADH (Reuters) – OPEC could extend its oil supply-reduction pact with non-members or even apply deeper cuts from July if global crude inventories fail to drop to a targeted level, OPEC sources said. The group, together with Russia and other non-OPEC oil producers, agreed late las
Update: APL Austria’s Fire Extinguished, Inspection Begins
The fire that raged for days on board the APL Austria docked at the port of Ngqurha near Port Elizabeth has finally been extinguished, according to the latest update from the South African Maritime Safety Authority (SAMSA). “The good news is that the fire on board is completely extinguished and port
Drewry: LPG Shipping Rates to Fall Further in 2017
Although the liquefied petroleum gas (LPG) shipping trade is expected to continue growing on the back of strong Asian demand, the rates could fall further in 2017 due to continued oversupply, according to shipping consultancy Drewry. 2017 is expected to be no different from 2016, when LPG shipping r
Wood Group scores global service deal with BP
Oil and gas services company Wood Group has been awarded a global agreement with the UK oil major BP for the provision of conceptual engineering services, pre-front-end engineering design (pre-FEED), and FEED engineering services. According to Wood Group, the agreement has a contractual duration of
Polarcus Shoots Seismic for Chariot Off Morocco
Chariot Oil & Gas has started 3D seismic acquisition over Kenitra exploration permit (Kenitra) and Mohammedia exploration permits I-III (Mohammedia) offshore Morocco. The survey follows the award of a 75% interest and operatorship of Kenitra, in partnership with the Office National des Hydrocarbures
Pirates Release Eight Iranian Crew from Captivity
Eight Iranian seafarers have been released by Somali pirates after being held in captivity since May 2016, according to Tehran Times. The released was reportedly a result of negotiations held between Senegal’s embassy in Somalia and the pirates. An Iranian Member of Parliament, Ali Yar Mohammadi, wa
Chariot starts seismic campaign over new Moroccan permit
Oil and gas exploration company Chariot Oil & Gas has been awarded interest and operatorship of the Kenitra offshore exploration permit in Morocco and started a seismic campaign covering Mohammedia and Kenitra permits. Chariot said on Thursday that its wholly owned subsidiary, Chariot Oil & Gas Inve
Images Emerge of Fire-Ravaged APL Austria
The South African Maritime Authority (SAMSA) has released photos from the fire-stricken boxship APL Austria showing the firefighting operations and scorched containers from the ship. According to SAMSA, fires in the lower hold No4 of the ship have been extinguished except for two containers in the c
Nigerian LNG cargo heading for Portugal
REN’s Sines LNG import terminal on Portugal’s Atlantic coast is scheduled to receive a cargo of liquefied natural gas next week.
Dredging Africa Launches New Dredger
Dredging Africa Pty based in Pretoria, South Africa, recently completed construction of the cutter dredge Mvubu – 450. According to the company, the dredger – specifically designed for the South African conditions – was launched on the 19th of January 2017 in Cape Town. Commissioning and fine tuning
Three New Members Join SEALNG Coalition
Three new members have joined the multi-sector industry coalition SEALNG which aims to accelerate the widespread adoption of liquefied natural gas (LNG) as a marine fuel. Representing key aspects of the LNG value chain, international classification society Bureau Veritas, LNG solutions provider Clea
Shell receives indictment notice over Nigeria deal
Following reports last week that Italian prosecutors were calling for Shell and Eni to stand trial for the controversial 2011 offshore block acquisition in Nigeria, this has now been confirmed by Shell. In a statement sent to Offshore Energy Today late on Tuesday, Shell said it received a notice of