Africa
Picture of the Day: IMS Dredger at Work
A Model 5012 LP Versi-Dredger cuts through dense cattails and reeds in Central Africa. The patented WeedMaster Cutterhead cut 4m+ tall vegetation into 1 to 4 inch pieces and pumped it several hundred feet away through a pipeline. The system can work continuously without unloading into barges like me
VAALCO shuts Ebouri field well (Gabon)
VAALCO Energy, Inc. has announced that Well 2-H in the Ebouri field, offshore Gabon, has been temporarily shut-in to determine the cause of pressure communication between the tubing and casing annuli. At the time of shut-in, Well 2-H was producing approximately 2,500 gross barrels of oil per day, 70
ConocoPhillips: Kamoxi well disappoints (Angola)
ConocoPhillips has announced the Kamoxi-1 exploration well in Block 36 offshore Angola in the Kwanza Basin has been drilled to a total depth of 22,660 feet. The well will be plugged and abandoned as a dry hole. An after-tax charge of approximately $140 million net to ConocoPhillips will be recorded
Liberian Registry’s Ships Unaffected by Ebola
The Liberian Registry has supported the International Maritime Organization’s recommendation that there should be no general ban on international travel or trade due to the Ebola virus. These recommendations advocate that the movement of ships, including the handling of cargo and goods, to and from
Acta Marine DP Multicats Perform Well
Acta Marine’s latest fleet addition, the DP1 Multi purpose vessel Coastal Chariot, recently completed a cable lay project in the UK. The vessel was deployed for the cable lay of various fiber optic cables in shallow waters. The large deck space, combined with its shallow draft and its excellent mane
Report: Total stops drilling off S. Africa
Technical problems on a drilling rig have forced Total, a France-based oil and gas exploration and production company, to stop its drilling operation offshore South Africa. Reuters has quoted Guy Maurice, Total senior vice president for exploration and production in Africa, who said that offshore re
Ophir: Block R FLNG development moves forward
Ophir Energy signed an amendment to the Block R PSC providing fiscal framework for the Fortuna FLNG project.
Ophir Energy one step closer to FLNG off E. Guinea
Ophir Energy has announced the signature of an amendment to the Block R PSC, off Equatorial Guinea, that establishes gas fiscal terms within the PSC and a fiscal framework for the FLNG project. Ophir said that the amendment has been agreed in Malabo and will be signed later today (November 4) by the
Dry Bulk Market Set for Recovery
The supply/demand imbalance that drove dry bulk markets down to 2009 levels during the first half of the 2014 is set for adjustment, with London-headquartered ship management company Newport Shipping Group predicting an improved tonnage balance over the next couple of years, resulting in a freight r
Dutch, Egyptian MoU Signed
Egypt and the Netherlands have signed a Memorandum of Understanding (MoU) that will expand their current cooperation in water management sector. Over the next five years the two countries will initiate new cooperation on the issues of water resource management and protection of Egypt’s northern coas
SOCO: LXM-101 well exceeds expectations
SOCO International operator of the Marine XI Block offshore the Republic of Congo (Brazzaville), has said it has successfully completed testing the exploration well Lidongo X Marine 101 ST1 well (“LXM-101”). “The well significantly exceeded pre-test expectations, reaching a post stimulation frac pea
Infographic: Maritime Trade Laws
Since over 90% of the entire World’s trade occurs by the sea, it is important for its entirety to be carefully preserved in order to ensure that successful trade is not threatened. Numerous developments were made in these laws that established power over things like general security and trading prac