Africa
Aminex: Green light for Kiliwani North sale (Tanzania)
Aminex has received a confirmation from the Tanzanian Ministry of Energy and Minerals that the Minister has no objection to the proposed sale of up to a 13% interest in the Kiliwani North Development Licence (KNDL) to Solo Oil for a total consideration of $7 million. The sale now remains subject onl
Egypt signs gas exploration deals with Shell and Apache
Egypt signed contracts with Shell and U.S. company Apache for the production of unconventional gas.
Morocco plans USD 4.6 bln investment to boost LNG imports
Morocco’s energy minister revealed the country’s plans to invest $4.6 billion into boosting LNG imports.
Seychelles Court Acquits Suspected Somali Pirates
Three suspected Somali pirates have been acquitted by the Seychelles Court of Appeal with the court ordering pirates’ repatriation, Seychelles News Agency reports. The ruling overturned a previous decision by the nation’s Supreme Court due to lack of evidence to prove the said individuals were indee
Armed Clashes Force Libyan Ports to Shut Down
The ports of Es Sider, Ras Lanuf and Benghazi in Libya are currently closed due to armed clashes, as informed by Inchcape Shipping Services. Es Sider and Ras Lanuf are Libya’s key oil ports that account for approximately 300,000 barrels of oil exports per day. The latest outburst of armed conflicts
Sonangol Back at DSME for Two More
Angola’s oil company Sonangol has placed an order for two 156, 290 TDW crude oil tankers with South Korean shipbuilder Daewoo Shipbuilding and Marine Engineering (DSME). The contract signing ceremony was held on Thursday, December 11th in Seoul, South Korea. The Suezmax vessels will feature 274 mete
12 Tips to Protect Yourself in 2015
As 2015 nears, many of us look towards the future with plans to improve our lives: perhaps you’ll pledge to join a gym, find a more lucrative job, or see more of the world. For mariners, the New-Year’s resolution may involve broadening horizons or exploring seas you’ve never sailed before. If this i
Lekoil: Otakikpo production expected months ahead of schedule
Lekoil has informed that production from Otakikpo Marginal Field in oil mining lease (OML) 11, offshore Nigeria, adjacent to shoreline in the eastern part of the Niger Delta, is expected months ahead of schedule. Lekoil, the Technical and Financial Partner in the Otakikpo project (Lekoil: 40 per cen
CAMAC Awards Gambia Seismic to Polarcus
CAMAC Energy Inc. awarded a contract for the acquisition of a 3D seismic survey to Polarcus Limited. The survey will cover approximately 1,504 km2 in the Company’s A2 and A5 blocks offshore Gambia. The objectives of the seismic survey are to enhance the definition and maturation of potential prospec
13 Dead in Gulf of Suez Ship Collision
On Sunday morning, a passing cargo ship, coming from the Suez Canal, collided with a small Egyptian fishing boat causing it to capsize, according to reports. Thirteen Egyptian fisherman are reportedly drowned and 13 others have been reported missing. However, there have been incosistent reports abou
Eni completes Minsala Marine production test (Congo)
Italy’s Eni has completed the production test on the Minsala Marine 1 NFW, located in the Marine XII Block offshore Congo, 35 kilometers from the shoreline and 12 kilometers from the recent Nené Marine discovery. Eni made an oil discovery in the Minsala Marine exploration prospect in October this ye
Demand for Tankers Outstripping Supply
Stronger freight rates in the tanker market may bring about some positive trends for the first quarter of 2015, if lower oil prices can continue to generate higher demand for product tankers, BIMCO said. The stronger freight market has been attributed to the supply side, in particular the newbuildin