Africa
IEA: Oil demand set for fastest growth in five years
The International Energy Agency (IEA) said Wednesday in its Oil Market Report for August that global oil demand in 2015 is expected to grow by 1.6 mb/d, up 0.2 mb/d from IEA’s previous Report and the fastest pace in five years, as economic growth solidifies and consumers respond to lower oil prices.
Brazil Saves Millions in Dredging Costs
With a coastline of over 8500 kilometers, 90 per cent of Brazil’s total exports and imports pass through its ports. Many of the country’s major ports and harbors were built over 100 years ago. Keeping shipping lanes open and enabling these ports to accommodate larger vessels with ever bigger loads r
Tullow restarts gas export from Jubilee
Tullow Oil, an independent oil exploration and production company, has resumed gas exports from the Jubilee field, offshore Ghana, ahead of the mid-August forecast. Namely, gas export from the Jubilee Field to the Ghana Gas plant at Atuabo was suspended since July 2015 due to technical issues with g
Anadarko, MITADER in resettlement MOU on LNG project
Anadarko Petroleum Corporation informed that it has signed a memorandum of understanding with the Ministry of Land Environmental and Rural Development, which defines the principles for the resettlement action plan for the Mozambique gas development project.
AFW wins consultancy work for Sonatrach
Amec Foster Wheeler said it has been awarded a contract by Sonatrach of Algeria, to supply engineering services for the de-bottlenecking of the Hassi R’Mel gas field, located approximately 550 kilometres south of Algiers.
Video: Adrian Maersk Sails through New Suez in 3 Minutes
World’s biggest container carrier Maersk Line recently posted a 3-minute timelapse of the 6,600 TEU Adrian Maersk passing through the recently opened New Suez Canal. The New Suez Canal was inaugurated by Egypt’s President Abdel Fattah Al-Sisi in a ceremony held at the port city of Ismailiya on Augus
Video: Adrian Maersk Sails through New Suez in 3 Minutes
World’s biggest container carrier Maersk Line recently posted a 3-minute timelapse of the 6,600 TEU Adrian Maersk passing through the recently opened New Suez Canal. The New Suez Canal was inaugurated by Egypt’s President Abdel Fattah Al-Sisi in a ceremony held at the port city of Ismailiya on Augus
Freeport-McMoRan drills duster in Morocco. Seeks cheaper drillship
U.S. operator Freeport-McMoRan Oil & Gas has failed to find oil at the MZ-1 exploration well, offshore Morocco. According to the company’s partner in the Mazagan permit, Pura Vida Energy, the MZ-1 exploration well offshore Morocco has drilled through the three prognosed Jurassic fans and the well ha
Paragon Offshore stacks two more rigs
Paragon Offshore, a global provider of offshore drilling rigs, has stacked two jack-up drilling rigs and has been awarded several contract extensions with reduced dayrates. According to its latest fleet status report issued Tuesday, Paragon stacked the jack-up rig Paragon L1113 in the U.S. Gulf of M
Huawei Boosts WACS Subsea Link
Huawei Marine has completed upgrades on the section from South Africa to Portugal and Portugal to United Kingdom of the West Africa Cable System (WACS) using Huawei Marine’s 100G transmission solution. With the length of the Digital Line Segment (DLS) between South Africa and Portugal beyond 11,450
Poten Pinpoints Busiest Dirty Tanker Routes in 2015
After many years of keeping track and reporting on the largest dirty spot charterers based on reported spot fixtures, Poten&Partners used the gathered data to rank the busiest dirty tanker routes worldwide in the first seven months of 2015, and compare it to the same period a year earlier. The long-
Poten Pinpoints Busiest Dirty Tanker Routes in 2015
After many years of keeping track and reporting on the largest dirty spot charterers based on reported spot fixtures, Poten&Partners used the gathered data to rank the busiest dirty tanker routes worldwide in the first seven months of 2015, and compare it to the same period a year earlier. The long-