Africa
International offshore rig count goes up sequentially, down YOY
The international offshore rig count for November 2016 was up sequentially but down year over year. According to a report on Wednesday by the oilfield services provider Baker Hughes, the international offshore rig count for November 2016 was 211, up 11 from the 200 counted in October 2016, and down
HDD Dredge Pump DP400 for Egyptian Job
Holland Dredge Design (HDD), member of the BIG Group of companies, has just finished the first production of the HDD Dredge Pump DP400. The DP400 dredge pump unit is already sold by HDD and will be assembled in a dredging vessel. The dredger is currently working in Egypt and is being used for the ri
Drewry: Ship Operating Costs Drop amid Weak Market Conditions
The cost of operating cargo ships has fallen for two successive years amid weak freight rates, declining asset values, eroded profitability and denuded cash balances, according to shipping consultancy Drewry. As 2016 was another very difficult year for most shipowners and operators, the market condi
CEDA Webinar Today: Flow Regimes Diagrams in Slurry Transport
Central Dredging Association (CEDA) will hold its next webinar – Flow regimes diagrams in slurry transport – today, from 14:00-15:00hrs (CET). The webinar is the 6th webinar in the CEDA Series of Webinars on Dredging Technology. This Practitioner level webinar is meant for professionals working in t
Panoro files for arbitration over Aje field dispute
Panoro Energy has filed a request for arbitration against its joint venture partners in OML 113 off Nigeria due to a cash call notice for a new well on the Aje field. Panoro, through its fully owned subsidiary Pan Petroleum Aje Limited (PPAL), holds 6.502% participation interest in OML 113. The part
Portugal’s Sines LNG terminal to receive cargo
REN-operated Sines LNG import terminal in Portugal is to receive a fresh cargo of the chilled fuel, shipping data by the Port of Sines shows. The cargo will be delivered from Nigeria LNG’s Bonny Island liquefaction plant onboard the 175,000-cbm LNG Abuja II. The newbuild carrier delivered to NLNG th
CGG Delivers Morocco Seismic Survey Data
CGG has delivered imaging results for a 4,200 sq km BroadSeis 3D marine seismic survey acquired offshore Morocco. The seismic survey was acquired using the Geo Caspian vessel. CGG delivered the very-fast-track (VFT) RTM PSDM volume to the client only four days after the last shot, the company said.
Clarksons: Bulkers Account for Lion’s Share of Scrapped Tonnage in 2016
Strong demolition has been a prominent feature of the shipping industry this year, as challenging market conditions continue to drive a significant supply-side response in a number of sectors, according to Clarksons Research. As conditions in most sectors were under pressure, 2016 has been an extrem
Hyperdynamics to swap Guinea interest for Fatala well costs
Hyperdynamics Corporation is in talks with South Atlantic Petroleum (SAPETRO) to farm out part of its interest in a concession off Guinea. In exchange, SAPETRO will pay part of costs in the upcoming Fatala well. The two companies have signed a letter of intent to negotiate the assignment of a partic
IADC Introduces New Terra et Aqua
The International Association of Dredging Companies (IADC) has just released the latest issue of Terra et Aqua, their official quarterly publication. The paper features four new dredging-related articles, book and journal reviews relevant to the industry and a list of upcoming seminars and conferenc
Drewry: Idle Containership Fleet Surges amid Overcapacity
The number of idle containerships increased from 238 vessels with a combined capacity of about 900,000 TEU in November last year to 435 ships, aggregating 1.7 million TEU in early November of this year, representing a strong indication of the current overcapacity, according to shipping consultancy D
Tullow terminates rig deal with Seadrill
Following a force majeure declared in October 2016, oil company Tullow Oil has terminated a drilling contract it had with Seadrill Partners for an offshore drilling rig in Ghana. Seadrill Partners, the offshore driller, said Friday it had received a notice of termination from Tullow Oil Ghana for th