Africa
Vallourec to supply premium tubes for Total’s Kaombo
Vallourec, a provider of premium tubular solutions, has been awarded a contract to supply premium tubes and connections for the ultra-deep offshore Kaombo project in Angola, operated by TOTAL E&P Angola. As part of this contract, Vallourec will supply 27,000 tons of OCTG (Oil Country Tubular Goods)
UN Continues Fight against Somali Pirates
Expressing continued grave concern over piracy off the coast of Somalia despite a sharp decline in attacks, the United Nations Security Council has renewed authorizations for international action to fight the crime in cooperation with Somali Government authorities for another year. Through the unani
Cost Efficient Dredging Solutions from X-Subsea
Continuous improvement to X-Subsea’s services resulted in a successfully tested ‘launch & recovery’ of a Scandredge – completed in one lift including hoses, rather than several separate lifts. The Scandredge is a standalone subsea dredger operated by customer’s divers or ROVs. This dredger effective
Maersk Line Most Reliable despite Industry-Wide Dip
Maersk Line remains the most reliable carrier in the third quarter of 2014 despite a global schedule industry-wide reliability dip, the latest report on global liner performance by maritime analyst SeaIntel shows. Maersk Line posted a score of 83.9%, compared to 85.7% in the previous quarter. Schedu
Genel to plug and abandon SM-1 well off Morocco
Serica Energy plc has confirmed that testing operations have now concluded on the SM-1 well on the Sidi Moussa Licence, offshore Morocco. The well was drilled to a total depth of 2,825 metres subsea and encountered oil in fractured and brecciated cavernous Upper Jurassic carbonates. During the cours
Tullow to cut exploration budget for 2015
Tullow Oil, oil and gas exploration company focused on Africa, will significantly reduce spending on exploration activities in 2015. The company has said that it will focus its expenditure on its producing assets and on development of existing discoveries. Explaining the reasons for cuts in its bu
LR Issues Offshore Collision Guidance Notes
Lloyd’s Register Energy has launched new offshore collision guidance notes for the marine and energy industries to assist owners, operators, and designers of offshore units with identifying potential collision scenarios, assessing the relative risks and conducting numerical analysis, establishing re
TGS Enters JV with PetroData in Nigeria
TGS has entered into an agreement with PetroData Management Services for the formation of TGS-PetroData Offshore Services Limited, a joint venture entity, to provide high quality geoscience data products and services to the petroleum industry in Nigeria. PetroData Management Services is a local prov
SBM Offshore Settles Bribery Case
Dutch SBM Offshore has agreed to a USD 240 million out-of-court settlement with the Dutch Public Prosecutor’s Office (Openbaar Ministerie) over the inquiry into alleged payments of bribes to sales agents in Equatorial Guinea, Angola and Brazil in the period from 2007 through 2011. The United States
BIMCO’s Bunker Terms Get Green Light
BIMCO’s Standard Bunker Contract 2015 was approved for publication at the organisation’s bi-annual Documentary Committee meeting held in Copenhagen on 7 November, BIMCO said. The objective of the new BIMCO bunker terms, as explained by the organization, is to provide carefully thought through terms
ITIC Warns of Confidentiality Agreement Traps
UK-based indemnity insurer ITIC has advised shipbrokers, consultants and other advisers not to sign confidentiality agreements which restrict their ability to do business. According to ITIC, the use of such agreements has always been common when parties are considering doing business but need to pro
SBM Offshore pays $240M to settle bribery case
SBM Offshore, world’s largest provider of floating production storage and offloading units, has reached an out-of-court settlement with the Dutch Public Prosecutor’s Office (Openbaar Ministerie) over the inquiry into alleged improper payments. This settlement relates to improper payments to sales