Africa
Crude dive deepens as market braces for more Iranian oil
Brent crude futures plunged more than 4 percent to fresh 12-year lows on Friday as the market braced for increased Iranian oil exports, with the lifting of international sanctions possible within days.
DeepOcean working on Tullow’s TEN project, offshore Ghana
Dutch offshore services provider DeepOcean has secured work for the Rem Forza subsea construction vessel in Ghana. The vessel, owned by Maersk Supply Service, but for years working for DeepOcean, will keep working for Tullow, this time at the company’s TEN development, offshore Ghana, where Rem Forz
DeepOcean to Continue Ghana Job for Tullow
DeepOcean Ghana Limited has secured charter extension for the vessel Rem Forza to work on Tullow Ghana TEN project, the company said on Friday. The subsea construction vessel will provide accommodation support, commissioning support, and construction and survey support. The first 6-months contract w
Tullow expects Greater Jubilee approval in first half of 2016
Tullow Oil, an independent oil exploration and production company, is hoping to get the approval of the Greater Jubilee Full Field Development Plan (GJFFD) in the first half of 2016. The Jubilee field, discovered in 2007 with two exploration wells, is located offshore Ghana. The field, developed wit
New Lease Accounting Standard to Impact Maritime Sector
A new international accounting standard dealing with leases could have major implications for companies in the shipping and offshore maritime sectors, and particularly for time charterers, according to international accountant and shipping adviser Moore Stephens. The new standard, IFRS 16, is effect
LNGWN poll: how will the shareholders vote on Shell-BG deal?
The global LNG industry is bracing for the outcome of one of the biggest deals in history of this relatively young industry as the shareholders are about to vote on the proposed Shell-BG merger.
Dryad Warns of Further Attacks on Libya’s Oil Ports
The latest attacks on Libya’s oil ports by Islamic State (IS) forces are likely to continue along the coast as militants further their ambitions in Libya, maritime security company Dryad Maritime believes. However, at this stage there is no evidence that this intent will extend to attacking vessels
Tullow: TEN FPSO set to leave Singapore for Ghana
Tullow Oil, the operator of the TEN project, offshore Ghana, has informed that the project is 80% complete and continues to make “excellent progress”. In a trading statement on Wednesday, the company said the project, aimed at developing Tweneboa, Enyenra and Ntomme (TEN) discoveries, remains within
Aminex inks gas sales deal for Kiliwani North
Aminex, an Africa-focused oil and gas exploration and production company, has executed a fully-termed gas sales agreement with the Tanzania Petroleum Development Corporation (TPDC) for its Kiliwani North gas field, off Tanzania. According to Aminex, this deal moves the company into production phase.
Ophir names two regional directors
Ophir Energy, operator of the Fortuna FLNG project offshore Equatorial Guinea, said on Wednesday it named two regional directors. The UK-listed oil and gas group appointed John Bell to the position of Director – Asia and Oliver Quinn to the position of Director – Africa and Global New Ventures. “Bot
Ophir names regional directors for Africa and Asia
Oil and gas company Ophir Energy plc has announced that it has appointed two new regional directors, namely, Dr John Bell to the position of Director – Asia and Dr Oliver Quinn to the position of Director – Africa and Global New Ventures. The company said that the new directors will start their new
IADC Publishes ‘Facts About’ Soil Improvement
The International Association of Dredging Contractors (IADC) has just published a new ‘Facts About’ publication on soil improvement. ‘Facts About’ is a series of concise, easy-to-read leaflets which give an effective overview of essential facts about specific dredging and maritime construction subje