Africa
Pura Vida: Driller to cover drilling costs offshore Gabon
Pura Vida Energy has reached a conditional agreement with an offshore drilling contractor which will fund a three-well drilling program in the Nkembe block, offshore Gabon. The term sheet envisions the drilling contractor providing a jack-up rig and fund the costs of the rig for the three-well progr
Expansion of Port Victoria to Start in Late 2017
Seychelles Port Authority recently unveiled plans for the expansion and modernization of Port Victoria. The existing quay of Port Victoria, currently 270 meters long, will be extended an additional 330 meters and will be able to accommodate two boats measuring up to 250 meters in length at the same
Angolan LNG cargo bound for Portugal
REN’s Sines LNG import terminal on Portugal’s Atlantic coast is scheduled to receive a cargo of liquefied natural gas over the weekend.
IADC Releases Facts About Adaptive Management
The International Association of Dredging Contractors (IADC) has released a new ‘Facts About’ publication on Adaptive Management. ‘Facts About’ is a series of concise, easy-to-read leaflets which give an effective overview of essential facts about specific dredging and maritime construction subjects
Durban’s Maydon Wharf Project Reaches New Milestone
Transnet National Ports Authority’s (TNPA) six-berth reconstruction project at the Maydon Wharf Precinct in the Port of Durban has reached a milestone, with berth 13 and 14 now deeper and safer for bigger ships calling at the port. The contract for reconstruction and deepening of six Maydon Wharf Be
ITF Lauds MLC Abandonment Provisions Coming into Force
The International Transport Workers’ Federation (ITF) has welcomed new Maritime Labour Convention (MLC) provisions on crew abandonment that come into force on Wednesday, January 18. Under the Maritime Labour Convention 2006 (MLC), ship owners must have insurance to assist the seafarers on board vess
Cairn set for next phase of Senegal drilling campaign
Cairn Energy is gearing up to start the third phase of its drilling program offshore Senegal in late January, aiming to further evaluate the SNE discovery. Cairn has so far drilled six successful wells in Senegal and the 2017 drilling program plans for two new, firm wells. The new wells are meant to
Standard Chartered Closes USD 1.6 Billion Worth of Shipping Deals
International banking group Standard Chartered has completed three shipping finance deals for clients in Asia and the Middle East valued in excess of USD 1.6 billion. In December 2016, Standard Chartered concluded a USD 684.5 million, up to 12-year non-recourse shipping finance facility for BW Gas J
AfDB OKs Loan for Coastal Protection Scheme
The African Development Bank Group (AfDB) approved in December a $40.8 million loan to the Republics of Benin and Togo to finance the upgrade of a four-lane 30 kilometer road section linking the capitals of both countries, as well as an important program of coastal protection. Located on the major a
BNEF: Investment in marine energy down 7% in 2016
New investment in clean energy worldwide fell 18% last year to $287.5 billion, with marine energy also being affected by 7% decrease compared to 2015 levels.
Woodmac: Deepwater will spring back to life in 2017
Energy intelligence group Wood Mackenzie sees the deepwater upstream oil and gas sector springing back to life in 2017. Providing its take on what to expect in 2017, Woodmac forecasts the overall upstream investment cycle will show the first signs of growth in 2017 since 2014 and final investment de
Offshore Energy launches improved website
Offshore Energy kicks off its 10th anniversary year with a bang and is proud to announce the launch its of new and improved website on www.offshore-energy.biz. Sleek design, easy navigation and updated functionality mean a better customer oriented website.