Africa
Will falling oil prices boost plug & abandonment ops?
In December, hotel occupancy rates in Aberdeen dropped 4.5% compared to the same period in 2013, according to market analysts LJ Research. It’s just one of the knock-on effects of the fall in oil prices, with other, more obvious ones being the abrupt slowdown in drilling and near-daily announcements
Libya Releases Tanker Carrying Fuel to Rival Government
The 2004-built, 34,648 dwt crude oil tanker Anwaar Afriqya has been released from Libya’s port of Tobruk after the country’s internationally recognized government diverted the vessel under the threat of air attacks, and prevented it from delivering 24,000 tonnes of fuel to the rival administration a
North Pacific Route to Become Bussiest Trading Corridor
The North Pacific route will surpass the North Atlantic as the world’s most busy trading corridor in terms of freight volume (in tonne-km), growing 100 percentage points faster than the North Atlantic, as shown in International Transport Forum’s (ITF) Transport Outlook 2015. According to the ITF’s f
Eni Hires Yinson FPSO for OCTP Project
Eni Ghana has awarded Yinson’s West African subsidiaries a contract for chartering, operation and maintenance of an FPSO vessel for the Offshore Cape Three Points Block (OCTP) project. The contract was signed on 27th January 2015 with immediate effect. The OCTP is located in the Tano Basin approxima
Yinson FPSO for Eni’s OCTP block (Ghana)
Malaysia’s Yinson has been awarded a contract for the chartering, operation and maintenance of an FPSO facility by Italy’s Eni. The FPSO will be deployed at the recently sanctioned Offshore Cape Three Points Block (OCTP), located in the Tano Basin, around 60 km off the coast of Ghana. The signing of
Yinson Holdings Bags Eni Ghana FPSO Deal
Malaysia-based investment holding company Yinson Holdings Berhad has through its wholly owned subsidiary Yinson Production (West Africa) bought the 1998-built, Very Large Crude Carrier Ulriken, to be converted into a Floating Production Storage and Offloading (FPSO) vessel for use offshore Ghana. YP
Gulf Marine Services gets SESV contract
Gulf Marine Services, a provider of self-propelled self-elevating support vessels (SESV) serving the offshore oil, gas and renewable energy sectors,has won a long-term contract for one of its Large Class vessels. The contract is for three years with an option to extend for another year. GMS did not
IADC Celebrates 50th Anniversary
The International Association of Dredging Companies (IADC) celebrates its 50th anniversary. IADC’s Secretary General, René Kolman, has revealed the 50th anniversary activities planned for 2015: A special conference in Hong Kong: ‘From Birth to Boom: Asian Maritime Megastructures’ The program consist
Infographic: Maritime Crime Figures for 2014
Maritime operations company Dryad Maritime released the following infographic showing maritime crime figures for 2014. According to the said figures, two crew members were killed and over 35 crew members are reported to had been kidnapped in 2014. It is estimated that the total number of crew member
Eni Agrees to Proceed with OCTP Project (Ghana)
Eni, Vitol and Ghana National Petroleum Corporation (GNPC) signed, with the President of the Republic of Ghana, John Dramani Mahama, and the Minister of Petroleum, Emmanuel Armah-Kofi Buah, the agreement to proceed with the OCTP integrated oil & gas project in Ghana. First oil is expected in 2017, f
Ghana approves OCTP offshore development
Eni, Vitol and Ghana National Petroleum Corporation (GNPC) signed today with the President of the Republic of Ghana, John Dramani Mahama, and the Minister of Petroleum, Emmanuel Armah-Kofi Buah, the agreement to proceed with the OCTP integrated oil & gas project in Ghana. The OCTP licence comprises
GAC clinches BG LNG contract
GAC said it has been appointed sole provider of hub agency services for the worldwide LNG fleet of BG Group. The agreement also covers crude oil and LPG shipments to accommodate BG’s expanding cargo range. The new five-year contract took effect on January 1 with GAC providing hub and ship agency ser