Africa
Readers’ Picks of the Week (17th -21st of Nov)
Cargo Ship Sinks off Ecuador A 1,200 dwt general cargo vessel San Cristobal sank around 25 nautical miles off Santa Elena Peninsula, Ecuador, in the morning hours of November 16, the Ecuadorian Navy reports.…Read more World’s First FLNG Undocked in Nantong Caribbean FLNG facility has been undocked f
Highlights of the Week – Readers’ Choice
BAM Scores Major Marine Gig in Abu Dhabi BAM International, the operating company of Royal BAM Group active outside of Europe, has been awarded a contract to construct the marine infrastructure for the phase 3 of the Al-Dabbiya oil field development by client Abu Dhabi Company for […]
Reuters: ExxonMobil in talks over Ivory Coast offshore blocks
Ivory Coast is working to wrap up Production Sharing Contracts for two offshore blocks with the U.S. oil company Exxon Mobil. According to Reuters, the West African country’s energy ministry official said that the two PSCs for the blocks in the Gulf of Guinea are expected to be agreed upon in Januar
Eunavfor Stays in Somalia for Two More Years
The European Council has extended the EU’s counter-piracy Operation Atalanta by two more years, until December 12, 2016. The Operation’s main focus is the protection of World Food Programme vessels delivering humanitarian aid to Somalia; and the deterrence, repression and disruption of piracy off th
OPITO launches app for offshore training records
Offshore workers will for the first time be able to access their training records at the touch of a button wherever they are in the world thanks to a new mobile application launched by OPITO. Oil and gas skills organisation OPITO has developed the free TRAIN-R mobile app so workers in any internatio
IMO Adopts Polar Code
The International Maritime Organization (IMO) has adopted the International Code for Ships Operating in Polar Waters (Polar Code), and related amendments to the International Convention for the Safety of Life at Sea (SOLAS) to make it mandatory. The Polar Code and SOLAS amendments were adopted durin
Statoil cancels another rig contract
Statoil has cancelled a contract for yet another drilling rig. This time it is the Stena Carron drillship, in Angola. Statoil has explained that it has opted to cancel the Stena Carron rig contract after fulfilling the work commitments in the Statoil-operated blocks 38 and 39 in the Kwanza basin off
Small Island States Still Cut Off from Major Trade Routes
Small island developing states (SIDS) face severe and complex transport challenges, UNCTAD’s Review of Maritime Transport 2014 reports. For UNCTAD, the way forward requires a portfolio of measures spanning a range of areas, including trade logistics, climate change and resilience-building, energy, a
Westminster Group Clinches West Africa Ferry Deal
The U.K.-headquartered Westminster Group Plc. has through its Managed Services division secured a 21 year agreement with a government in West Africa for the complete management and operation of a number of recently constructed ferry terminals together with the provision of a new sea ferry transfer s
Ophir misses at Tende well, offshore Tanzania
Ophir Energy plc has informed that its Tende-1 well in in East Pande licence offshore Tanzania, failed to find natural gas. The well, drilled by the Deepsea Metro I drillship, was targeting gas in a lower Cretaceous sandstone reservoir with a mean prospective resource estimate of 2.38TCF at a 15% ch
Tanker Market Flourishing, Dry Bulk Mostly Down
The Drewry All Earnings Index, which covers the main bulk shipping markets, jumped 53% in October to stand at 200 points on account of large gains for tanker owners, according to the Shipping Insight report published by shipping consultancy Drewry. Suezmax tankers registered a remarkable 400% gain o
Ophir taking over Salamander
Oil company Ophir Energy has reached an agreement on a possible takeover offer for Salamander Energy. In a statement jointly issued by the two oil companies, it has been explained that the possible deal would go through a share exchange where Salamander shareholders would be entitled to receive 0.57