Africa
Clarksons: Shipping Sees Lack of Heat in 2016
The shipping industry has experienced a particular blast of cold air during 2016, with few sectors escaping the frosty grasp of the downturn, according to Clarksons Research. The shipping markets have in the main been pretty icy since the onset of the global economic downturn back in 2008, Clarksons
Busy 2016 for International Association of Dredging Companies
The International Association of Dredging Companies (IADC), exclusively for Dredging Today, looks back at 2016 and forward to 2017. IADC is the global umbrella organisation for contractors in the private dredging industry. As such IADC is dedicated to not only promoting the skills, integrity and rel
Forland Gives More Time to EMAS AMC
Forland Subsea said it has reached a temporary agreement with EMAS AMC AS over charter payment for the LCV/IMR subsea vessel Lewek Inspector. To remind, EMAS AMC AS has defaulted on its payment for the month of October 2016 due to financial distress. Since EMAS informed Forland that it is ‘unable to
Bureau Veritas Issues Guidelines for De-Risking Floating Wind Projects
International classification society Bureau Veritas has published a set of guidelines to reduce and manage risk as ocean engineering requirements develop in the growing marine renewable energy sector. The guidelines, NI 631 “Certification Scheme for Marine Renewable Energy Technologies”, cover float
Bureau Veritas Issues Guidelines for De-Risking Floating Wind Projects
International classification society Bureau Veritas has published a set of guidelines to reduce and manage risk as ocean engineering requirements develop in the growing marine renewable energy sector. The guidelines, NI 631 “Certification Scheme for Marine Renewable Energy Technologies”, cover float
BP awards global services deals to KBR
KBR has been awarded two global agreements by the UK oil giant BP. The first agreement is for the provision of conceptual engineering services and the second for the provision of pre-front end engineering design (FEED) and FEED engineering services. Each agreement has a contractual duration of three
Tamar partners, UFG still in gas supply talks
Partners in the Tamar natural gas field offshore Israel said they are still in talks with Spain’s Union Fenosa Gas to supply gas to UFG’s liquefaction facilities in Damietta, Egypt. The Tamar partners had signed a non-binding agreement with UFG in 2014 to supply 2.5 trillion cubic feet (Tcf) of natu
Forland, EMAS-AMC reach deal for Lewek Inspector vessel
Offshore vessel owner Forland Shipping has reached a deal with EMAS AMC over its Lewek Inspector vessel. To remind, EMAS AMC has defaulted on the charter hire payment for Forland’s Lewek Inspector vessel for October 2016, and has said it would be “unable to settle the outstanding charter hire for th
Nexans’ Subsea Cables to Connect Cameroon and Brazil
Nexans has been awarded a contract from Huawei Marine Networks to supply 6000 km of their submarine repeatered optical cables (ROC) for Phase II of the National Broadband Network (NBNII) project linking Cameroon and Brazil. The cable system will be manufactured and tested at Nexans’ Rognan factory i
Galp gives green light for Coral FLNG investment plan
Galp Energia is the latest in line to approve the investment plan for the Coral South FLNG project in Mozambique, following Eni and ENH.
Drewry: East-West Contract Freight Rates Mark First Jump in 7 Quarters
Ocean freight rates for cargo moving under contracts on the major East-West trade routes saw a reversal of trend in 4Q 2016, according to Drewry’s Benchmarking Club, a group of 50 multinational retailers and manufacturers who monitor their contract freight rates. The Drewry Benchmarking Club Contrac
Schlumberger hired for multi-well campaign at Ororo (Nigeria)
Sirius Petroleum has entered into a contract for the provision of an integrated services management (ISM) with the oilfield services company Schlumberger at the Ororo field off Nigeria. The Ororo field, discovered in 1986, lies in shallow waters offshore Ondo State in water depths ranging between 23