Africa
Egypt inks six new oil and gas exploration deals
Egypt has signed six new agreements for oil and gas exploration onshore and offshore, both with domestic and international operators. The country’s Energy Ministry has said that, on Friday, January 9, 2015, Eng. Sherif Ismail, Minister of Petroleum and Mineral Resources, signed the agreements with t
Update: Magellan Spirit May Shed Cargo to Break Free
A fully loaded 165,000 cbm liquefied natural gas (LNG) tanker Magellan Spirit, which ran aground off Nigeria on January 5, might siphon its cargo to another vessel after tugs were unsuccessful in pulling it free from the soft mud, tanker owner Teekay LNG Partners said. According to Teekay, the crew,
Egypt to Seal LNG Supply Deal with Gazprom
Egypt plans to conclude an agreement with Russia’s Gazprom for the company to supply it with liquefied natural gas (LNG) shipments later this month, as informed by Egypt’s Petroleum Minister Sharif Ismail on Sunday. The two parties signed an agreement in principle in April on the supply of seven LNG
CAMAC considers legal options against Northern Offshore
After Northern Offshore said today that the company has terminated the contract for the Energy Searcher drillship with the oil exploration company CAMAC Energy due to breaches in the drilling contract, CAMAC issued a counter statement. Namely, CAMAC has said it has terminated its drilling contract w
Tanker Spills at 5-Year Low
Half-way into this decade and the downward trend in oil spills from tankers is sustained reaching a five-year low, according to the International Tanker Owners Pollution Federation Limited (ITOPF). For the last two and a half decades the average number of incidents involving oil spills from tankers
NABIRM to Undertake 2D Seismic in Walvis Basin, Namibia
NABIRM Energy Services is set to undertake a 2D seismic survey in the offshore portion of License Block 2113A, Walvis Basin, Namibia. The purpose of this survey is to investigate the subsea geology of the licensed block for the presence of oil and gas. The proposed area of the 2D seismic survey will
Vessels Approaching Misrata, Libya Subject to Airstrikes
The Libyan Air Force has issued a notice saying that any vessels approaching the port of Misrata, Libya will be subject to airstrikes beginning 9 January, NATO’s Shipping Centre informed. A Greek-owned tanker was bombed in an airstrike outside the port of Derna on 4 January. The attack saw two crew
Drewry: Container Carriers Should Delay Newbuild Deliveries
Some 100,000 TEU of new container ships scheduled for delivery in 2014 is estimated to have slipped into 2015. While this helped to narrow the gap between supply-demand last year it will only add to the supply pressure this year, according to Drewry Maritime Research. Drewry believes that further de
NABIRM to conduct seismic survey off Namibia
NABIRM Energy Services is set to undertake a 2D seismic survey in the offshore portion of License Block 2113A, Walvis Basin, Namibia. According to the company, the purpose of this survey is to investigate the subsea geology of the licensed block for the presence of oil and gas. The proposed area of
Egypt close to LNG supply deal with Gazprom
Egypt is reportedly on the verge of finalizing the LNG supply agreement with Gazprom.
Northern Offshore ends ‘Energy Searcher’ contract with CAMAC
Northern Offshore, Ltd. has announced today that on January 2, 2015 it issued a Notice of Contract Termination to Oceanic Consultants Nigeria Ltd. (Oceanic), an affiliate of Houston, Texas based CAMAC Energy Inc. for the Energy Searcher drillship drilling contract. The drillship, Energy Searcher, wa
Shell names new managing director in Nigeria
A new Managing Director has been appointed for The Shell Petroleum Development Company of Nigeria Ltd (SPDC). He is Osagie Okunbor, and takes over from Mutiu Sunmonu who is retiring after 36 years of service. Okunbor has also been named the Country Chair of Shell Companies in Nigeria, combining the