Africa
Repsol, Tower resolve Namibia dispute
Tower Resources plc has reached an agreement with the Operator, Repsol Exploration (Namibia) (Pty) Limited, relating to the disputed costs associated with the drilling of the Welwitschia prospect, offshore Namibia. According to Tower, the Operator’s estimate of well and other related costs for the d
Gallery: SAL Heavy Lift’s MV Frauke wraps up offshore gig
SAL Heavy Lift has informed that the vessel MV Frauke has finalized its long-term engagement for offshore project. The vessel MV Frauke of Type 176 finalized its latest project, for which it had been engaged since July 2014, at the beginning of December 2014. The project consisted of seven phases: –
Polarcus Wins WA Shoot for Parenco
Oslo-listed seismic player Polarcus has inked a a Letter of Intent (LOI) with Perenco Oil & Gas Gabon for a 3D marine seismic acquisition project offshore West Africa. The survey will be acquired by the company’s 12 streamer 3D/4D seismic vessel Polarcus Nadia. The 88.8 meters long, ULSTEIN SX124 de
FMC Technologies Subsea Systems for Eni’s East Hub
FMC Technologies, Inc. has received an order from Eni Angola to supply subsea production systems for its deepwater Block 15/06 East Hub development. The order has an estimated value of $393 million in revenue. “We are pleased to have been awarded the subsea production systems contract for Eni’s Bloc
FMC Technologies wins subsea system order from Eni
FMC Technologies has received an order from Eni Angola to supply subsea production systems for its deepwater Block 15/06 East Hub development, off Angola. The order has an estimated value of $393 million in revenue. “We are pleased to have been awarded the subsea production systems contract for Eni’
Polarcus nets West Africa shoot from Perenco
UAE based company specializing in high-end towed streamer data acquisition, Polarcus Limited has signed a Letter of Intent (LOI) with Perenco Oil & Gas Gabon S.A. for a 3D marine seismic acquisition project offshore West Africa. According to Polarcus, the project will start in Q1 2015 and is expecte
Azonto granted EEA for Gazelle field (Ivory Coast)
Azonto has been advised by its affiliate Vioco Petroleum Limited (“Vioco”, 35% Azonto, 65% Vitol) that the President of Cote d’Ivoire, Alassane Ouattara, has signed an Exclusive Exploitation Authorisation (EEA) covering the Gazelle field in Block CI-202, offshore Cote d’Ivoire. Azonto says that the
US West Coast Congestion Hurting Container Reliability
Congestion issues at ports on the US West Coast contributed to lower on-time containership reliability in November, according to Drewry’s online Carrier Performance Insight report. Based on Drewry’s data, schedule integrity on the main East-West container trades decreased by 1.9 percentage points in
TSA Container Lines Call for Rate Hike
Transpacific container lines asked on Wednesday for a USD 600 per 40-foot container (FEU) general rate increase (GRI) for all origin and destination points, along with reinstatement of a USD 400 per FEU peak season surcharge (PSS) in anticipation of a possible pre-Lunar New Year cargo surge. Transpa
Titan Refloats and Scuttles Smart’s Bow
Titan Salvage, Crowley Maritime’s Houston-based marine salvage, emergency response and wreck removal company, has successfully refloated and scuttled the bow of the wrecked bulk carrier Smart. The vessel was carrying a load of coal when it went aground in August 2013 in heavy seas in Richards Bay, S
OPEC Oil Export Earnings Drop to 2010 Low
Members of the Organization of the Petroleum Exporting Countries (OPEC), excluding Iran, will earn about USD 700 billion in revenue from net oil exports in 2014, based on the US Energy Information Administration (EIA) short term crude oil market estimates. This means a 14% decrease from 2013 earning
ICS Changes Stance on Ballast Water Convention
The International Chamber of Shipping (ICS) said it has modified its stance towards the ratification by governments of the International Maritime Organization (IMO) Ballast Water Management Convention, which has still not yet entered into force having been adopted more than 10 years ago. According t