Africa
CAMAC hires Sedco Express rig for Nigeria ops
CAMAC Energy Inc. has signed a contract with Transocean Ltd. for the provision of the semi-submersible drilling rig Sedco Express for drilling and completion activities offshore Nigeria. The contract allows for the drilling or completion of up to three wells, and CAMAC says it intends to use the rig
Turner & Townsend awarded FLNG deal by Eni
Turner & Townsend have been chosen by Eni to provide cost estimating, project support and consultancy services for the FLNG gas project in Africa.
Emirates Shipping Line Upgrades East Africa Service
Dubai-based Emirates Shipping Line is launching two new services – the Gulf Mombasa Express (GMX) and the Gulf India Africa (GIA) with partners. To make these services operationally effective, 4 vessels of 1600 – 2200 TEU nominal capacity will be deployed on GMX service and 6 vessels of 2500 – 2700
PGS Delivers ‘Guy’ Seismic Shoot (Namibia)
Eco Atlantic has successfully completed a 1,000 km 2D seismic survey on the Guy block located in the Walvis Basin, offshore Namibia. The Survey was executed by PGS Geophysical using its high resolution GeoStreamer technology. The Company has also contracted PGS to begin processing the 2D data immedi
PGS completes 2D survey offshore Namibia
Oil company Eco Atlantic has completed a 1,000 Km 2D seismic survey on the Guy block in the Walvis Basin, offshore Namibia. The survey was executed by PGS Geophysical Ltd. (“PGS”) using its high resolution GeoStreamer technology. The company has also contracted PGS to begin processing the 2D data im
DNV GL Ushers In Gas Ready Notation
International classification society DNV GL has developed the GAS READY class notation that gives owners, who at the new building stage want to prepare their vessel for a potential conversion to LNG operation after delivery, a useful framework for contracting. It provides a picture of the level of L
Interview: Dealing with Ebola
The Ebola outbreak in West Africa has already had a significant impact on the shipping industry. West African export trade is estimated to be down by as much as 30% since the start of the outbreak, according to data provided by UK’s shipping consultant Drewry. Various measures have been undertaken t
Busy and Successful 2014 for Italdraghe
Italdraghe, Italy’s leading dredging equipment builder, has had an extremely busy year. During 2014 it has seen increased sales of its popular range of BD dredging heads for excavators which have been put to use not only in river, lake and coastal projects but in mining applications, particularly in
Seabased, TC’s Energy to launch wave energy plant
A contract for a 14 MW wave energy plant in Ghana has been signed between TC’s Energy of Ghana and Seabased in Uppsala. The worth of the contract, which needs to be approved by the Swedish agency EKN, exceeds USD 50 million. The wave power plant is the first step towards the expected goal of reachin
MRPL to Turn Mauritius Into Petroleum Hub
India’s Mangalore Refinery and Petrochemicals Limited (MRPL) has signed a Memorandum of Understanding with STC Mauritius and IndianOil to set up a petroleum terminal to re-export petroleum products from Mauritius to Indian Ocean islands and mainland Africa. This joint venture terminal to be construc
Bulker Demand Prevalent in Newbuilding Market
The newbuilding market saw four orders for 208k Newcastlemax at New Yangzijiang placed last week by German shipping company H.Vogemann, Clarkson reported in its Hellas Weekly S&P Bulletin. The first two vessels are slated for delivery in the end of 2016, with the remaining two scheduled for the firs
World Chokepoints Key for Oil Transit
World chokepoints for maritime transit of oil are a critical part of global energy security because of the high volume of petroleum and other liquids transported by these routes. About 63% (56.5 million barrels per day) of the world’s oil production in 2013 moved on maritime routes, as indicated by