Africa
Mozambican president dismisses energy minister ahead of FLNG FID
The President of the Republic of Mozambique, Filipe Jacinto Nyusi, has dismissed the Minister of Mineral Resources and Energy, Pedro Conceição Couto, from the position via presidential order. The office of the President informed the media on Thursday morning that the measure was taken within the pow
Angola heli crash: Search underway for missing workers, wreckage
Search and rescue operations continue for two oil workers who went missing after a helicopter carrying six people crashed offshore Angola on Monday. Four other passengers have been confirmed dead. The accident happened on Monday, after the helicopter bound for the Tombua-Landana offshore platform, o
Mozambique’s president Nyusi exonerates energy minister
Mozambique’s minister of mineral resources and energy Pedro Conceição Couto has been exonerated by presidential order.
Report: Innovations Can Shave 33 Percent Off LCOE by 2030
A report by KIC InnoEnergy and BVG Associates has identified fifty offshore wind innovations which have the potential to make a substantial reduction in the levelised cost of energy (LCOE) through changes to design, hardware, software or process. The report, ‘Future renewable energy costs: offshore
Angola LNG resumes production
The $10 billion Angola LNG project, led by U.S. energy giant Chevron, has resumed LNG production following a planned two-month shutdown. “I can confirm that Angola LNG has resumed production and sales of LNG from its plant in Soyo,” an Angola LNG spokeswoman told LNG World News on Thursday. The 5.2
Clarksons: Bulk Carrier Fleet Expansion to Slow Down
Due to depressed dry bulk market conditions, which triggered a slump in bulk carrier contracting and in turn led to the newly slim orderbook, which hit a nine year low at the start of September, the bulk carrier fleet expansion is expected to ease in the coming years, according to Clarksons’ Shippin
South African Officials Raid Premises of Six Shipping Firms
The premises of six cargo shipping companies operating in the Western Cape and Kwazulu-Natal provinces were raided on September 28, according to the Competition Commission of South Africa. Namely, the Commission said it has reasonable grounds to suspect that the shipping companies Hamburg Süd South
OPEC agrees to cut oil production
Organization of Petroleum Exporting Countries (OPEC) on Wednesday agreed to reduce oil production, aiming to stabilize oil prices. According to Reuters, this is the first such deal in eight years. The agreement in principle was reached in Algeria, where the OPEC oil ministers agreed to keep the prod
MSI: BWMC to Recover Dry Bulk Market?
Despite being beset with technical challenges and shipowners opposition, the implementation of the IMO Ballast Water Management Convention (BWMC) might provide the basis for a dry market recovery, according to Maritime Strategies International (MSI) Following the regulation’s entry into force on Sep
Applied Acoustics’ Nexus USBL Boosts GOSL’s Ops
Geodetic Offshore Services Ltd (GOSL) has purchased two Applied Acoustics’ Nexus USBL positioning systems for its offshore projects including underwater installation, diver monitoring, seabed surveys and ROV operations. Emanuel Ekpeyong, managing director at GOSL, said: “The Nexus system has been mo
Angola offshore crash: Chopper type ‘revealed’
Following a fatal helicopter accident offshore Angola on Monday in which four people died and two were missing, the helicopter’s type has been revealed. When it crashed, the helicopter was bound for Chevron-operated Tombua-Landana platform, offshore Cabinda, carrying five passengers and a pilot. Ang
Angola heli crash: Tenaris’ employee aboard
Tenaris, a multinational manufacturer and supplier of steel pipes to the oil and gas industry, has informed that one of its employees might have been on the fatal helicopter flight en route to a Chevron platform in Angola, Monday. In a statement on Tuesday, Tenaris said: “We regret to inform that a