Africa
Panoro starts court action against Aje partners
Panoro Energy has initiated legal proceedings and intends to initiate arbitration following a disagreement with its joint venture partners in license OML 113 off Nigeria, which contains the Aje field, regarding a cash call default notice. On December 2, 2016, Panoro informed of its intention to init
Pirates Take Three Russian Crew from Merchant Ship
Three crewmembers, citizens of Russia, were taken from the merchant vessel Saronic Breeze after the ship was hijacked off the coast of Cotonou, Benin on November 27, according to The Ministry of Foreign Affairs of the Russian Federation. The kidnapped crew were taken “in an unknown direction” and “n
Readers’ Picks of the Week (Nov 28 – Dec 2, 2016)
Readers’ Picks of the Week (Nov 28 – Dec 2, 2016)
Popular news, November 28 – December 4, 2016
Read the most popular news from the offshore energy sector.
Highlights of the Week
Dredging Today brings you an overview of the most popular stories from the past week (November 28 – December 4, 2016). Boskalis Wins EUR 120 Million Dredging Contract in Brazil Royal Boskalis Westminster N.V. has been awarded a contract by Açu Petróleo S.A. (joint venture company of Prumo Logístic
Höegh LNG Inks 20-Year FSRU Contract in Ghana
Höegh LNG has signed a contract with Quantum Power Ghana Gas Limited to provide a floating storage and regasification unit (FSRU) for the Tema LNG import terminal located close to Accra in Ghana. The contract is for a period of 20 years with a five year extension option for charterer and is expected
Eni: One dead after platform catches fire offshore Congo
Italian oil company Eni has informed that on Thursday, December 1, 2016, a fire occurred on the Foukanda platform, located offshore the Republic of Congo, causing a death of one person. According to Eni, the platform was immediately evacuated and the fire was extinguished by the emergency teams, bri
Oil prices fall on concerns over OPEC-Russia production deal and profit taking
By Roslan Khasawneh SINGAPORE (Reuters) – Oil prices fell on Friday on concerns whether major producers would implement an OPEC-Russia deal to cut production and as investors took profits after Brent touched a 16-month high a day earlier on news of the deal. “It looks achievable on the face of it, p
Panoro to launch arbitration against Aje field partners
London-based independent E&P company Panoro Energy is currently in disagreement with its joint venture partners in OML 113 license off Nigeria, which contains the Aje field. The company intends to initiate arbitration and legal proceedings ‘to protect its interests.’ The company, through its fully o
IRClass Becomes Recognised Organisation for Three More Flag States
Indian Register of Shipping (IRClass), has obtained authorisation to act as Recognised Organisation (RO) to carry out statutory survey, audit and certification on behalf of Nigeria, Oman and Lebanon flag states. With the latest agreement, IRClass has been approved as a RO by 29 flag registries acros
Chevron’s Moshiri retires after 38 years of service
US energy giant Chevron has named a new President of Chevron Africa and Latin America Exploration & Production, effective January 1, 2017, to replace Ali Moshiri who is retiring after 38 years of service. Chevron said on Thursday that Ali Moshiri, who will retire from Chevron after 38 years due to t
Höegh LNG grabs FSRU deal in Ghana
Höegh LNG on Thursday said it has signed an FSRU contract with Quantum Power Ghana Gas for the Tema LNG import terminal located close to Accra in Ghana.