Africa
Port Nolloth Rehabilitation Underway
Transnet National Ports Authority (TNPA) has started a port infrastructure rehabilitation project at the small domestic seaport of Port Nolloth on the northwestern coast of South Africa. The project is aimed at improving infrastructure for offshore activities and forms part of efforts to develop the
Angola heli crash: Wreckage, one body found. Death toll rises
U.S. oil firm Chevron has recovered part of the wreckage of the helicopter that crashed offshore Angola last week. A Chevron spokesperson told Offshore Energy Today on Monday that parts of the helicopter were discovered, along with the body of one of two workers who went missing after the crash. Thi
Drewry: Container Shipping World Shrinks amid Mergers, Acquisitions
Shippers could face fewer choices and higher rates in the long run as the container shipping world continues shrinking due to an increase in merger and acquisitions and carrier failures, according to shipping consultancy Drewry. Following Hanjin Shipping’s filing for court receivership, the containe
DW: OPEC faces a ‘huge challenge’ after output reduction deal
OPEC’s surprise announcement last Wednesday of a preliminary output reduction agreement seemed to be the development the oil & gas sector had been waiting for, Douglas-Westwood, an energy intelligence group, has said in its latest DW Monday report. By the middle of Thursday afternoon GMT, stock pric
Bowleven collects $15M on account of Etinde farm-out deal
Bowleven, the Africa focused oil and gas exploration group, has received the $15 million cash proceeds payable under the Etinde farm-out transaction with Lukoil and NewAge. The Etinde Permit lies in a shallow water offshore Cameroon, adjacent to the coast. Bowleven said on Monday that, as at Septemb
Popular news, Sep 26 – Oct 2, 2016
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Highlights of the Week
Subsea World News has put together a recap of the most interesting articles from the previous week (September 26 – October 02). Technip Offshore Finland is reportedly sending home its entire workforce employed at construction yard in Pori. According to Finish media, layoffs for 288 yard workers shou
Angola heli crash: Tenaris worker identified
Local authorities in Angola have confirmed that a field service specialist employed by Tenaris, a multinational manufacturer, and supplier of steel pipes to the oil and gas industry, died as a result of Monday’s helicopter crash. The company said earlier this week that one of its workers might have
DW: Struggle ahead for offshore oilfield services. Onshore picking up from 2017
Offshore oilfield services companies are set for a long and bumpy road ahead, Douglas-Westwood, an energy consultancy, said in its recent report. As for the onshore oilfield services, DW feels the sector has reached its nadir, and it is expected to start recovering. As said above, DW’s projection fo
Robbers Fire Upon Crew aboard Anchored Boxship
Six robbers armed with guns boarded and fired upon the duty crew onboard an anchored containership while the vessel was at the Conakry Anchorage in Guinea, according to the International Maritime Bureau’s (IMB) piracy reporting center. The Master activated the SSAS alert, raised the alarm and locked
MPA Awards Dredging Contract to DEME
Belgian dredging and marine engineering group DEME has won a EUR 41 million (USD 46 million) dredging contract for the Container Terminal Quay Project at Port Louis Harbour in Mauritius. The Mauritius Ports Authority (MPA) has launched an extension project for the Mauritius Container Terminal (MCT)
First Dredging Contract in Mauritius for DEME
DEME, the Belgian dredging, environmental and marine engineering group, has won a 41 million euros dredging contract for the Container Terminal Quay Project at Port Louis Harbor in Mauritius. The Mauritius Ports Authority has launched an extension project for the Mauritius Container Terminal to acco