Africa
Update: Russia Identifies Merchant Ship Hijacked off Benin?
The merchant vessel believed to have been hijacked by pirates some 72 nautical miles off the coast of Cotonou, Benin, could be the 1991-built reefer ship MV Saronic Breeze. In a social media post published today, the Ministry of Foreign Affairs of the Russian Federation said that ”MV Saronic Breeze
Carbon Warriors Launch Free Ship Operational Efficiency Tool
Carbon War Room, exactEarth, and University Maritime Advisory Service (UMAS) have launched BetterFleet, a free-to-access ship operational efficiency portal, on ShippingEfficiency.org. Based on similar data and methods used by the International Maritime Organization (IMO) to assess the world fleet, B
ABS Joins LNG Coalition
Houston-headquartered classification society ABS has joined the SEALNG coalition whose objective is to accelerate the widespread adoption of liquefied natural gas (LNG) as a marine fuel. SEALNG brings together players from across the supply chain, including shipping companies, classification societi
Fitch: OPEC deal might not have lasting effect on oil prices
With the OPEC meeting on oil prices just a day away, a ratings agency doubts that, even if a production cut deal is agreed, its ability to have a lasting impact on prices is unclear and will depend on the size of the cuts and the willingness of members to stick to them. The much-awaited […]
Africa Energy farms into exploration license offshore Namibia
Canadian oil and gas exploration company Africa Energy has entered into a farm-out agreement with a subsidiary of Pancontinental Oil & Gas to acquire a 10% participating interest in Petroleum Exploration License 37 offshore Namibia (PEL 37). The company said on Tuesday that, under the terms of the a
Pirates Hijack Merchant Vessel off Cotonou?
A merchant vessel is believed to have been hijacked by pirates some 72 nautical miles off the coast of Cotonou, Benin, according to data provided by Maritime Domain Awareness for Trade – Gulf of Guinea (MDAT-GoG). The event, described as “suspicious,” occurred in the night of November 27 while the v
Report: Egypt awards LNG tender, Glencore grabs majority of cargoes
Egypt has reportedly selected its suppliers for about 60 cargoes of liquefied natural gas it sought through what was claimed to be the largest mid-term tender ever issued.
Vaalco hopes to restart Avouma production by year end
Houston-based oil and gas company Vaalco Energy is hoping to restart production at the Avouma platform at the Etame Marin Permit, offshore Gabon, by the end of the year following a shutdown caused by issues with an electrical submersible pump. Earlier this year, Vaalco experienced issues at its Avou
Interview: The past, the present, and the future of floating rig market
Offshore Energy Today has interviewed Liz Tysall Senior Offshore Rig Analyst of Rystad Energy, an energy intelligence group based in Norway. The interview follows a recent report by Rystad on offshore drilling market, floating rigs, in particular. The interview itself focuses on the floaters market,
BW Offshore in arbitration with Addax. Statoil, Petronas not extending FPSO deals
Norwegian FPSO supplier BW Offshore has been informed by Statoil and Petronas that the contracts for two FPSO units will not be extended and will run out next year. On top of this, the company has initiated arbitration against a client who is not paying an FPSO lease. All this was revealed by BW Off
DW: Substantial reserves can be developed when oil market recovers
E&P deepwater exploration and appraisal activity has dramatically declined and, in line with falling E&A activity, Reserve Replacement Ratios (RRRs) have been declining for the majority of major E&P companies, Douglas-Westwood, an energy intelligence group, said in its DW Monday report. This week, D
SS Nujoma Mining Vessel Starts Sea Trials
Debmarine Namibia’s new diamond exploration and sampling vessel, the mv SS Nujoma, has left the Port of Cape Town to start two week sea trials. The NAD 2.3 billion (USD 139 million) ship arrived in Cape Town from the Kleven Verft AS shipyard in Ulsteinvik in Norway in August and has been fitted out