Africa
Alphaliner: Panamax Exodus Set to Continue
Over 100 more classic Panamaxes would need to be scrapped in the coming months to re-balance supply and demand, and reduce the total pool to less than 470 units, compared to 670 units four years ago, according to Alphaliner. Only such a drastic reduction could elevate rates from their current all-ti
PCCW Selects Dijbouti Data Center to Connect AAE-1 Subsea Cable
PCCW Global, the international operating division of HKT, has selected the Djibouti Data Center (DDC) to help facilitate network expansion and the provision of colocation and undersea fiber cable access services in East Africa. The Djibouti Data Center has been built to Tier III data center standard
Drewry: IMO’s BWM Regulation to Boost Tanker Scrapping Activity
Weakness in freight rates will increase tanker shipping demolitions over the next two years, with the trend accelerating in later years as a result of the IMO regulation on ballast water, according to shipping consultancy Drewry. The new International Maritime Organisation (IMO) regulation on Ballas
Shearman & Sterling advises OneLNG on JV deal with Ophir
New York headquartered law firm Shearman & Sterling advised OneLNG on its agreement to establish a joint operating company with Ophir Energy to develop the Fortuna FLNG project off Equatorial Guinea.
Chinese driller signs ‘innovative’ rig deal in Nigeria
November 2016 – Sirius Petroleum on Wednesday said it has hired a jack-up drilling rig from China’s COSL Drilling, to be used for a drilling campaign offshore Nigeria.
MAKE: Political Turmoil Dents Global Wind Growth Outlook
A host of political events have had a negative impact on global wind power growth expectations through 2025, MAKE said in its Q4/2016 Global Wind Power Market Outlook Update. Anticipated cuts to wind power targets in China under the country’s upcoming Thirteenth Five-Year Plan headline the most impa
MAKE: Political Turmoil Dents Global Wind Growth Outlook
A host of political events have had a negative impact on global wind power growth expectations through 2025, MAKE said in its Q4/2016 Global Wind Power Market Outlook Update. Anticipated cuts to wind power targets in China under the country’s upcoming Thirteenth Five-Year Plan headline the most impa
IEA: Gas and renewables set for big growth. Fossil fuels far from over
As a result of major transformations in the global energy system that take place over the next decades, renewables and natural gas are the big winners in the race to meet energy demand growth until 2040, according to the latest edition of the World Energy Outlook, the International Energy Agency’s f
IEA: gas and renewables ‘winners’ of the next 25 years
As a result of major transformations in the global energy system that take place over the next decades, renewables and natural gas are the big winners in the race to meet energy demand growth until 2040, the International Energy Agency said in its latest World Energy Outlook.
Saab Seaeye Supplies Cougar ROV for Timsah’s New Vessel
Shipbuilding and offshore services company, Timsah, has chosen Saab Seaeye Cougar XTi underwater vehicle for its new multi-purpose supply vessel, built for hire. The A1 class 2441 ton ship is rated for towing, fire-fighting and offshore support and includes a helicopter pad and accommodation for 60
Arrested Bulker Maverick Guardian Auctioned Off
The arrested Kamsarmax bulk carrier Maverick Guardian has been sold for a price of USD 14.95 million through an auction procedure held by Namibia high court on behalf of Credit Suisse. According to data provided by VesselsValue, the 82,700 dwt ship, built in 2012, was purchased by an undisclosed Gre
Study: Shell tops ideal O&G employers list
A study of oil and gas workforce, conducted by Rigzone, has revealed which operators and service companies are rated highest by oil and gas professionals based on key issues including values, performance and pay rates. According to the study Shell, Chevron, ExxonMobil, BP and Halliburton make up the