Africa
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Shell Drills Two Dry Wells off Tanzania
Oil major Royal Dutch Shell has completed the drilling off two exploration wells offshore Tanzania but failed to find hydrocarbons. The wells are located in Block 1 and 4, in the Mafia Deep basin, where Shell is the operator with 60 pct stake. Shell’s partners are Ophir Energy and Pavilion Energy wi
Oil prices on track for greatest yearly percentage gain since 2009
By Mark Tay Singapore (Reuters) – Oil prices are on track for their biggest annual percentage gain since 2009 on the back of an agreement struck between OPEC and non-OPEC countries to cut crude production output. U.S. benchmark West Texas intermediate (WTI) crude futures were up 15 cents or 0.3 perc
GPHA Calls for EOI for Takoradi Container Terminal
The Ghana Ports and Harbours Authority (GPHA) has invited parties to submit their expression of interest for the concession of the an integrated container and multipurpose terminal in the port of Takoradi, Ghana. The authority said that the concession, which is set at a period of 20 years, or more,
Oil steady in quiet holiday season trade; supply cut deal to kick in January 1
By Osamu Tsukimori TOKYO (Reuters) – Oil prices were little changed on Tuesday in light pre-New Year holiday trading with markets adopting a wait-and-see stance less than a week before the first output cut deal agreed between OPEC and non-OPEC members in 15 years is scheduled to kick in. London Bren
Clarksons: Niche Sectors See Better Earnings in 2016
Market conditions across most sectors of the shipping industry in 2016 have been highly challenging and things in many sectors appear to be as bad as they have ever been, according to Clarksons Research. In the wider fleet some niche sectors have seen better earnings, but even so, most shipowners wi
Portugal books end of year LNG cargo
REN’s Sines LNG terminal located on Portugal’s Atlantic coast is scheduled to receive a cargo of liquefied natural gas from Nigeria.
Readers’ Picks of the Week (December 19 – 23, 2016)
Readers’ Picks of the Week (December 19 – 23, 2016)
Popular news, December 19 – 25, 2016
Read last week’s most popular news from the offshore energy sector.
Top news of the week December 19-24
DSME to build FSRU for Maran Gas South Korea’s Daewoo Shipbuilding & Marine Engineering has secured an order to build a floating storage and regasification unit (FSRU) for Maran Gas Maritime, a unit of Greece’s Angelicoussis Shipping Group. Wison Engineering snatches Kazakhstan’s first LNG plant con
BIMCO: Fleet Growth Squeezes Crude Oil Tanker Market
The crude oil tanker segment composing of VLCC, suezmax and aframax ships, experienced a net-fleet growth of 7.3%, which is equal to 24.3 million dwt during the period from January 2014 to October 2016, according to BIMCO. The VLCC segment, with 20.7 million dwt or a net fleet growth rate of 11% too
Micoperi wins Ghana’s Tema LNG project EPC contract
Micoperi, part of the Protan group of companies, has been awarded an engineering, procurement and construction (EPC) contract for the Tema LNG import terminal in Ghana.