Africa
Paragon sees rate increase in Mexico
Mexico’s state oil company Pemex has increased a dayrate for one of Paragon Offshore’s drilling rigs in Mexico. In the company’s fleet status report for March, Paragon, an offshore drilling contractor, said that Pemex boosted the dayrate for the jack-up rig Paragon M842 from $70,000 to $112,000 for
TE SubCom to Upgrade AAE-1 Cable System
TE SubCom, a TE Connectivity company, and the consortium behind the Asia-Africa-Europe-1 (AAE-1) cable system, announced the deployment of a large-scale wavelength equipage to the system. The equipage will utilize TE SubCom’s 100 Gbps optical transmission equipment. AAE-1 is a 25,000 km system owned
ITC nets Kaombo comms deal
ITC Global, a provider of satellite communications to remote and harsh environments, has been awarded a multi-million dollar contract to provide remote offshore communications to two floating production, storage and offloading (FPSO) vessels in Western Africa. The seven-year, $6.5 million contract,
Clarksons: Bulker Owners Scrapping Away in Q1
The first 3 months of 2016 are shaping up to be the busiest quarter on record for bulk carrier demolition as owners fight to restore balance in supply-demand capacity, data from Clarksons Research shows. In the first 9 weeks of the year, 120 bulk carriers of 10.1m dwt have been reported sold, a pace
Oil rallies to three-month high; analysts warn of glut
By Libby George LONDON (Reuters) – Brent crude hit a three-month high on Monday, extending gains that have lifted crude benchmarks by more than a third from this year’s lows on an improving global outlook and stronger sentiment for a market recovery. Front-month Brent crude futures LCOc1 traded as h
International offshore rig count drops by 99 units YoY
Oilfield services provider Baker Hughes announced on Monday that the international offshore rig count in February 2016 was down both sequentially, and year over year. The international rig count includes rigs from Latin America, Europe, Africa, Middle East and Asia Pacific. According to Baker Hughes
Large Weapons Cache Seized on Its Way to Somalia
A large contraband of weapons was uncovered and seized following the boarding of a small fishing style vessel approximately 170 nautical miles off the coast of Oman by the Australian ship HMAS Darwin, deployed as a part of Combined Task Force (CTF150). The seized vessel was heading towards the Somal
SSI Defines Goals for Sustainable Shipping by 2040
The Sustainable Shipping Initiative (SSI), a coalition of shipping leaders, and industry stakeholders have developed a roadmap to define tangible milestones across all areas of sustainability that must be collectively delivered to create a sustainable shipping industry by 2040. The roadmap highlight
Industry Gears Up for Unique CSD Directory
The Cutter Suction Dredger Vessel Directory, the ultimate tool for the suppliers, owners and shipyards within the dredging industry, is now almost finished. The unveiling of the first edition of the Directory will take place at the World Water Works 2016, March 23-24, in Antwerp. Most of the major p
DW: Gap in oil supply/demand to narrow later this year?
Market researcher and energy industry consultancy Douglas-Westwood used its inaugural business breakfast, held in London last week, to present the company’s latest research for the financial sector and energy industry. DW founder John Westwood chaired the proceedings and gave an introductory talk fo
Nigeria’s Largest Cutter Suction Dredger Completed
Nwakama Dredge Nigeria Limited has successfully completed construction of the largest cutter suction dredger ever made in Nigeria. The new 18″/16″ dredger comes with a ladder length of 22 meters, crew living room with amenities, kitchen, spud pillars and inbuilt capacity to hold 33,000 liters of die
Popular news, Feb 29 – Mar 6, 2016
Popular news, Feb 29 – Mar 6, 2016