Africa
Bangladeshi Shipbreakers Take the Lead
There has been a firm level of ship demolition activity in the first four months of 2015 and the two largest owner regions, Asia/Pacific and Europe account for 88% of the tonnage sold for recycling, according to the latest review of shipbreaking trend by Clarkson Research. Whilst the Indian Sub-Cont
DoJ closes investigation. No charges against Hyperdynamics
The U.S. Department of Justice has concluded its investigation into possible violations by Hyperdynamics of the Foreign Corrupt Practices Act (FCPA) in Guinea. The DoJ did not bring any charges against the oil company. Ray Leonard, President and CEO, commented, “This is an important development for
Nigeria LNG launches single cargo tender
Nigeria’s Bonny liquefied natural gas export plant, operated by NLNG, has reportedly issued a tender to sell a single cargo loading on June 14-16. Bids are due to be submitted by June 1, according to a report by Reuters. The Bonny Island facility currently has six trains in operation with a total ca
Nigeria LNG launches single cargo tender
Nigeria’s Bonny liquefied natural gas export plant, operated by NLNG, has reportedly issued a tender to sell a single cargo loading on June 14-16. Bids are due to be submitted by June 1, according to a report by Reuters. The Bonny Island facility currently has six trains in operation with a total ca
Woodside withdraws from Tanzania JV
Australian LNG player Woodside has decided not to enter into the next period of the exploration program relating to the Lake Tanganyika South production sharing agreement in Tanzania. “Beach has preserved its right to proceed into the next exploration period under the LTS PSA and has notified the Ta
Woodside withdraws from Tanzania JV
Australian LNG player Woodside has decided not to enter into the next period of the exploration program relating to the Lake Tanganyika South production sharing agreement in Tanzania. “Beach has preserved its right to proceed into the next exploration period under the LTS PSA and has notified the Ta
Carbon War Room:Charterers Moving 20% of Global Cargo Shun Inefficient Ships
Charterers representing twenty percent of global shipped tonnage now have policies in place to avoid using the most inefficient ships based on the GHG Emissions Rating, according to a nonprofit organisation Carbon War Room. In the past two and a half years, usage of the GHG Emissions Rating and the
Africa: BOM and STS in Ocean Monitoring Pact
Blue Ocean Monitoring (BOM) has entered into a Strategic Business Alliance Agreement with Sea Technology Services (STS). Under the alliance, BOM will initially base one Slocum Glider in Cape Town to be deployed on regional ocean monitoring programs, with STS providing associated marketing and engine
Total reaches oil production milestone offshore Angola
French oil company Total has said today it has achieved the significant milestone of producing a cumulative two billion barrels from its operated deep offshore Block 17 located 150 km off the coast of Angola. With the recent start up of CLOV, Block 17 has become Total’s most prolific site with produ
Woodside pulls out of Lake Tanganyika (Tanzania)
Woodside Energy has decided not to enter into the next period of the exploration program relating to the Lake Tanganyika South Production Sharing Agreement in Tanzania, Beach Energy has informed. Beach has preserved its right to proceed into the next exploration period under the LTS PSA and has noti
VLGC Fleet to Increase by 23 Pct in 2015
Some 37 very large gas carriers (VLGCs) of a total capacity of 3.1 million cum are to be delivered this year, resulting in a 23% fleet growth in terms of capacity, shipping brokerage Banchero Costa Research said in a report. 23 vessels of all sizes were delivered in the first four months of 2015, in
Erin Energy inks agreement with Glencore for Oyo crude
Erin Energy Corporation has agreed to heads of terms on a commercial agreement with an embedded prepayment element with Glencore Energy UK Ltd, a subsidiary of Glencore PLC. According to the press release, the offtake contract would allow Glencore to undertake the lifting of Oyo crude from the FPSO