Africa
Alphaliner: Third Alliance in the Making?
The eight container carriers left out of the two major alliances, the 2M and Ocean Alliance, could team up under a single arrangement that would represent a serious counterweight on the East-West corridors, according to Alphaliner. The companies at stake are Hapag-Lloyd, Hanjin, Hyundai Merchant Mar
Spectrum Wraps Up Somalia Seismic Shoot
Spectrum has completed 2D seismic acquisition offshore south Somalia. The company has acquired around 20.582 line kilometers of data. In September 2015, Spectrum and the Federal Government of Somalia entered into a multi-client master co-operation agreement for the data acquisition. Spectrum has alr
Eastern NOC Fights Back as It Blocks Tanker Loading
The eastern National Oil Corporation (NOC) of Libya has struck back to its rival Tripoli-based NOC by preventing the Maltese-flagged oil tanker Seachance to load cargo at the Hariga oil export terminal earlier this week. Specifically, the workers at Marsa el-Hariga port in eastern Libya were ordered
OBP: GoG Pirates Snatch Ransoms of up to USD 400,000
The Gulf of Guinea pirates have been yielding ransom payments of up to USD 400,000 for kidnapped seafarers in 2015, according to a maritime piracy report released by Oceans Beyond Piracy (OBP). While piracy in the region started 2015 with a series of violent incidents, kidnapping for ransom was the
UN to Inspect Yemen-Bound Commercial Shipments
The United Nations Security Council has launched an inspection mechanism of commercial shipments to Yemen based in Djibouti, following a request by the Government of Yemen. The inspection mechanism will replace the one previously conducted by the Saudi-led coalition forces, which proved to be very s
First Oil Flows from Aje Field in Nigeria
Panoro Energy together with the operator of OML 113, Yinka Folawiyo Petroleum Company, announced the start of the first oil production from the Aje field, offshore Lagos, Nigeria. Subsea installation activities had been underway at Aje, located in OML 113, since January and were completed in early M
ION’s OceanGeo Gears Up for Survey Off Nigeria
ION Geophysical’s ocean bottom seismic (OBS) company, OceanGeo, is mobilizing its vessels and crew for a survey offshore Nigeria. The company received a letter of commitment for the project from an undisclosed international client. ION expects the contract to be finalized within the next few weeks.
First oil flows from Aje field offshore Nigeria
Panoro Energy, an independent E&P company with assets in Nigeria and Gabon, has announced that the first oil production from the Aje field, offshore Nigeria, started on Tuesday, May 3, 2016. The field, discovered in 1997, is located on the OML 113 license offshore Nigeria with Yinka Folawiyo Petrole
Spectrum completes 2D program offshore Somalia
Spectrum, a Multi-Client seismic data specialist, has announced the completion of its 2D seismic program offshore south Somalia following the acquisition of 20,582.75 line km of data. Spectrum entered into a Multi-client master co-operation agreement with the federal government of Somalia in Septemb
ION’s OceanGeo mobilizes crew for survey in Nigeria
Seismic data acquisition specialist ION Geophysical has informed that its Ocean Bottom Seismic (OBS) company, OceanGeo, is mobilizing its vessels and crew to conduct an OBS survey offshore Nigeria. This is good news for ION, who in 2015 saw a drop in total revenues of 57% compared to 2014, as a resu
Anadarko strikes oil off Ivory Coast. Moves step closer to Paon development
The U.S. independent oil company Anadarko has hit net pay at its CI-103 block, offshore Ivory Coast. In its quarterly results presentation on Monday, the company revealed it struck approximately 100 net feet of vertical pay in the company’s first horizontal deepwater well at Paon-5A, offshore the We
Island Constructor Wraps Up LWI Work on Oyo Well
Erin Energy informed that the Island Constructor light well intervention (LWI) vessel has completed work on the Oyo-8 well and the company has resumed production from the well. Erin Energy will now begin a ramp up of production from the well over the next few days to pre-shut in levels of approximat