Africa
Solo: Killiwani North hook-up imminent
Solo Oil has announced the operator of the Kiliwani North (“KN”) gas field offshore Tanzania, Aminex, has advised that the newly constructed gas export pipeline from the Songo Songo processing plant to the KN-1 gas well has been completed to within approximately 20 metres from the KN-1 production we
News in Photos: Memish Tours New Suez Canal
The Head of the Suez Canal Authority Mohab Memish, few days ago, visited the New Suez Canal to inspect progress being made on the project. He informed crews working on the project that so far approx. 10 kilometers of the New Canal have been dredged up. At the moment, depth of the new waterway ranges
One Killed, Three Taken Hostage in Pirate Attack off Nigeria
One crew member was killed and three taken hostage in a pirate attack on a Greek-owned tanker pending unloading off Nigeria late Tuesday, the Hellenic Coast Guard informed. The killed sailor was Greek and was the vessel’s deputy captain, whereas the missing three crew members are reported to be two
Term of the Day: Chassis
Chassis is a term that refers to a rectangular steel frame, supported by springs and wheeled axles constructed to accept mounting of containers for over-the-road transport of shipping containers. The United States is the only large market where ocean carriers own and provide chassis to truckers to m
Suez Slashes Discount for LNG Carriers
Transit dues for 2015 will remain unchanged from those valid in 2014, with the exception of the discount for LNG carriers’ transit, the Suez Canal Authority said on Wednesday. As informed by GAC Egypt, as of May 1st, 2015, the discount for LNG carriers’ transit tolls will be 25%, down from 35%. The
10-YR Old Tankers to Outperform Younger Counterparts
Ten-year old tankers will outperform their younger counterparts, according to McQuilling Services Industry’s Sharpe Ratio analysis on VLCC and Suezmax tankers. McQuilling bases its argument on recent asset prices for the 10-YR old VLCC and Suezmax vessels, which have appreciated by 21.2% and 44.9%,
Sisi Reviews Suez Canal Development
President Abdel Fattah Al-Sisi held on Monday, February 2nd 2015, a meeting to review the main guidelines of the general plan for the Suez Canal region development project. In a press release, spokesman of the president, Alaa Youssef said the meeting was attended by Chairman of the Suez Canal Author
Dolphin Nets Seismic Contract Offshore Africa
Dolphin has been awarded a 3D seismic contract offshore Africa, including fast track data processing by an undisclosed oil company. The contract has been awarded for 3-4 months project, the company said in a statement. A Dolphin high-capacity 3D vessel will start the operation during the second quar
Dolphin in new 3D seismic deal
Dolphin Group ASA has been awarded a 3D seismic contract including fast track data processing offshore Africa. The name of the client was not revelaed in the press release, however Dolphin did say that it is a “major oil company”. The duration of the project is 3 to 4 months. A Dolphin high-capacity
NIMASA Plans to Detain Vessels with Guards on Board
The Nigerian Federal Government revealed intentions to detain any vessel entering the country’s territorial and coastal waters with security escorts on board. The detentions will be applicable to both armed and unarmed escorts, according to the announcement. The Nigerian Maritime Administration and
Blackbird International to Develop Wave Energy Project in Ghana
Blackbird International Corporation (BBRD) has signed a partnership agreement with ACEP, The Africa Center for Energy Policy, with the goal of installing a sea wave energy power plant to supplement the region’s energy needs. Blackbird International Corporation’s fully owned affiliate, Wave Electrici
WERPO to build wave energy plant off Ghana
WERPO has signed a partnership agreement with ACEP to develop wave energy power plant off the coast of Ghana. Wave Electricity Renewable Power Ocean (WERPO) and the Africa Center for Energy Policy (ACEP) will form a joint venture in Ghana, under which they plan to erect wave energy power station. AC