Africa
Cairn completes SNE-4 well offshore Senegal, releases ‘Ocean Rig Athena’
Oil and gas company Cairn Energy has completed the SNE-4 appraisal well offshore Senegal. The well is now being plugged and abandoned and the rig will be released. Senegal PSC partners are Cairn Energy, the operator, with 40% interest, ConocoPhillips 35%, FAR 15%, and Petrosen 10% interest. The SNE-
Jan De Nul Reports Increased Turnover for 2015
Jan De Nul Group, an international contractor specializing in dredging, land reclamation, heavy lifting, offshore and environmental services, has just released its business results for 2015, achieving solid performances despite difficult market conditions. The traditional dredging market showed limi
Egypt taps excess capacity at Jordan’s FSRU
Egyptian Ministry of Petroleum said a Memorandum of Understanding has been signed with Jordan for the use of excess capacity at the FSRU Golar Eskimo moored in Aqaba.
Central Dredging Association’s Annual Report Published
The Central Dredging Association (CEDA) has just released its 2015 Annual Report which details their work over the previous year and highlights work related to the new initiatives. “2015 has been another remarkable year. One in which we hosted a number of key events including Dredging Days, in Ahoy
Pirates Prevented from Boarding Boxship in Gulf of Aden
A number of pirates were repelled from boarding a container ship as they approached the vessel in five skiffs while it was underway in the Gulf of Aden, according to data released from IMB Piracy Reporting Centre. Namely, the pirates were interrupted in their intent when a security team from Solace
Owner of Abandoned Tanker in Liberia Emerges
A Nigerian national, identified as Robert M. Saigba, has claimed ownership of the mysterious crewless ship Tamaya 1 that washed ashore on Liberian coast on May 3, Agence Africaine de Presse (APA) writes citing a statement from the country’s Defense Ministry. As disclosed, the ship was bought in 2015
Danish Ship Finance: Shipyards Could Be Left without Orders by 2017
It is essential that new orders are placed within the next three to six months for the yard industry to fill up its orderbooks for 2017, according to Danish Ship Finance. The orderbook is rapidly approaching the low levels seen at the start of 2013, but 2016 looks to be a reasonable year for shipbui
Expression of Interest Called for Takoradi Dry Bulk Terminal
The Ghana Ports and Harbours Authority (GPHA) has invited parties to submit their expression of interest for the concession of the dry bulk terminal in the country’s port of Takoradi. The authority said that the concession, which is set at a period of 20 years, or more, depending on the level of pro
South Africa establishes LNG import unit
South Africa has set up the Gas Industrialization Unit with the initial focus of importing LNG to use as fuel for power generation.
Oversupply Leads to Slide in LPG Freight Rates
Due to the ongoing oversupply in the pressurised market, the LPG sector has seen a further slide in average rates for smaller and older vessels in the past twelve months as the rolling average dropped off about 15% from the end of Q1 2015 for the smaller vessels, whilst the larger vessels have held
Forecast: Industry Will Need Almost 150,000 More Seafarers by 2025
Unless seafarer training levels are increased significantly, the growth in demand for seafarers could generate a serious shortage in the total supply of officers as the latest five-year BIMCO/ICS Manpower Report forecasts that an additional 147,500 officers will be required by 2025 to service the wo
Report: Deal Reached to Resume Oil Export from Libya’s Hariga Port
Representatives of the two rival governments in Libya have reportedly reached a deal that will allow for the continuation of oil shipments from the country’s Marsa El Hariga port. The agreement between the Tripoli-based and Beyda governments has been sealed following talks in Vienna, Reuters reports