Africa
Somali Piracy Still a Burning Issue
Meeting to discuss the current situation off the Horn of Africa, the Operation Commander of the EU Naval Force, Major General Martin Smith MBE, and the Secretary-General of the IMO, Koji Sekimizu, agreed that Somali-based piracy remains a threat to international shipping, saying that there was no ro
Vitol scoops NLNG cargo in tender
Vitol, an energy and commodities company bought the signle Nigeria LNG cargo offered in a tender.
Dolphin Scoops West Africa 3D Shoot
Norwegian seismic player, Dolphin, has been awarded a 3D seismic contract in West Africa for an undisclosed client. The award follows recently announced two major 3D seismic projects in India. Dolphin plans to utilise one of its high-capacity 3D seismic vessels. The survey is scheduled of approximat
Dolphin bags West Africa seismic deal
Dolphin Group has been awarded a 3D seismic contract in West Africa. The contract is with an undisclosed independent oil company. The survey will start during first quarter of 2015 and it will last for approximately 40 days. The company said that the survey will be performed by a Dolphin high-capaci
NLNG launches single FOB cargo tender
NLNG has reportedly launched a single cargo of LNG for mid-December loading.
ExxonMobil, COPL ‘committed’ to Liberian deal
Canadian Overseas Petroleum Limited along with its partner, ExxonMobil, remain committed to completing their work program and obligations under the LB 13 amended and restated Production Sharing Contract (“PSC”) dated March 31, 2013 when the situation (with Ebola) in Liberia improves, the Canadian oi
Woodside Commits to Morroco Seismic
Woodside has entered into a contract for an exclusive Reconnaissance Licence (RL) with the Office National des Hydrocarbures et des Mines, the National Oil Company of the Kingdom of Morocco, to explore a block offshore Morocco. The block, known as the Rabat Ultra Deep Offshore area, comprises a tota
Shell Faces USD 4 Bln Fine for Bonga Oil Leak
An oil major, Shell, is facing a fine of USD 3.96 billion for the oil spill that happened in 2011 on Bonga oil field off the coast of Nigeria. Nigerian parliament recommended the fine based on National Oil Spill Detection and Response Agency (NOSDRA)’s report. The parliament cannot enforce its decis
Shell Facing USD 4 Bln Bonga Oil Spill Fine
Oil major Shell might be facing a fine worth up to USD 3.96 billion as Nigerian National Assembly announces plans to claim damages for Bonga oilfield oil spill, Reuters reports. However, the parliament’s decision from Wednesday is non-binding as it can serve solely as a recommendation to the Nigeria
Platts: VLCC Rates on the Rebound
Worldscale rates for VLCCs on the East of Suez routes have reached more than nine-month highs, Platts cited market participants as saying Thursday, November 27. The peak has been attributed to strong demand to move crude in the winter season, tight supply as charterers combine smaller cargoes and bu
Shell faces $4B fine for Bonga oil spill
Nigerian parliament has brought a proposal under which oil company Shell should pay $3.96 billion for an offshore oil spill that occurred at Shell’s Bonga field in December 2011. According to Reuters, the parliament’s decision is non-binding and is only a suggestion for the government, which has the
IMO Approves IGF Code
IMO’s Maritime Safety Committee approved, in principle, the draft International Code of Safety for Ships using Gases or other Low-flashpoint Fuels (IGF Code), and also approved proposed amendments to make the Code mandatory under Safety of Life at Sea (SOLAS), with plans to adopt both at the next MS