Africa
SSI: Increased Scrutiny Pushes Shipping Industry Forward
Since 2012, industry progress has been driven by greater demand throughout shipping supply chains for transparency as well accelerating investments in alternatives to bunker fuel, the Sustainable Shipping Initiative (SSI) says in its report titled ‘Changing Context.’ The combined effect of greater c
BIMCO: Containership Rates Take a Nosedive
The containership freight rate including ocean freight and surcharges, i.e. was quoted at USD 466 per TEU for the Shanghai to Europe trading lane on Friday April 10, 2015, hitting the lowest level on record since the 2009, according to BIMCO. The new all-time low point comes on the back of deteriora
400 Missing After Boat Capsizes in the Mediterranean
Italian naval forces are searching for as many as 400 people, many of whom are thought to be unaccompanied children, missing after a boat carrying 550 people capsized 24 hours after departing Libya, Save the Children reports. The children’s charity warns that more landings are expected as instabilit
Offshore energy: Short-term dip, long-term rise (Interview)
Dutch bank Rabobank in March issued a report titled: “Offshore energy: Short-term dip, long-term rise” in which they provide an insight in the current market conditions and a forecast of what the future may hold for the global offshore oil and gas industry. Offshore Energy Today interviewed Richard
VAALCO: First oil flows from Etame 12-H well (Gabon)
VAALCO Energy, Inc. has today announced first production from Etame 12-H, a development well drilled from the Etame platform offshore Gabon. Etame 12-H was drilled to a measured depth of approximately 3,450 meters targeting the recently discovered, untapped lower lobe of the Gamba reservoir. Followi
Ceona Extends West Africa Presence with New Partnership
Ceona, SURF contractor with heavy subsea construction capabilities, has entered into a Joint Venture (JV) with Seaweld Engineering which will act as a strategic partner for offshore deepwater construction projects in Ghana. The JV allows Ceona to extend its operations in West Africa. The agreement w
Nigerian Navy Thwarts Pirate Attack in Lagos
Nigerian navy thwarted a pirate attack in Lagos over the weekend targeting a product tanker loaded with petroleum bound for Nigeria. A group of ten men in two speed boats followed the tanker and managed to board the ship identified as MT Imas. The crew managed to send request for assistance before b
Egypt’s LNG imports to hit USD 3.55 bln in next FY
Around $3.55 billion worth of LNG will be imported into Egypt’s during the 2015-2016 financial year according to an official at the Egyptian General Petroleum Corporation.
Egypt’s LNG imports to hit USD 3.55 bln in next FY
Around $3.55 billion worth of LNG will be imported into Egypt’s during the 2015-2016 financial year according to an official at the Egyptian General Petroleum Corporation.
Dragflow Dredging Pumps for New Suez Canal
Dragflow has supplied two high head dredging pumps (HY85B) with two excavators (EXHY20) for one of the biggest contractors working in the tunneling part of the Suez Canal Development Project. These pumps will work at 44 m depth. This capital project will involve the construction of a tunnel south of
Ceona teams up with Seaweld in Ghana
Ceona, SURF contractor with heavy subsea construction capabilities, has entered into a Joint Venture (JV) with Seaweld Engineering which will act as a strategic partner for offshore deepwater construction projects in Ghana. According to Ceona’s press statement, the JV allows it to extend its operati
COPL CFO takes leave of absence after ‘serious accident’
Canadian Overseas Petroleum Limited (COPL), has said that its Chief Financial Officer Chris McLean has taken a leave of absence duo to health issues. The independent oil company, focused on West Africa, explained that McLean was involved in a road traffic accident, and “it is not known when his heal