Africa
Ezra Wraps Up Gabon Work for VAALCO
Ezra’s Subsea Services division, EMAS AMC, has completed a US$120 million project for VAALCO Gabon (Etame) offshore Gabon in West Africa using the new build Lewek Constellation on her inaugural installation project. The work scope included the transportation and installation of two jackets, topsides
EMAS completes work offshore Gabon
Ezra Holdings’ Subsea Services division, EMAS AMC, recently completed a US$120 million project for VAALCO Gabon (Etame) Inc. offshore Gabon in West Africa. The company used the new build Lewek Constellation on her inaugural installation project. The work scope included the transportation and install
WHL encouraged by Seychelles data
Australian energy company WHL Energy Limited has received the initial “fast-track” data volume from the Junon 3D seismic survey acquired offshore the Seychelles by the Ophir Energy/WHL Energy JV in July 2014. This poststack migration volume is an intermediate product in the Pre-Stack Time Migration
Ghanaian Wave Energy Project Ready for Startup
TC’s Energy will hold a ceremony for the wave energy project being developed jointly by TC’s Energy and Swedish company Seabased AB at the Ghanaian town of Ada. The event will mark the startup of the project on 17th October at District Assembly Office in Ada Foah. TC’s Energy and Seabased have signe
Second-Hand Panamax Prices Hit Bottom
Extremely poor demand for second-hand Panamax ships of 4,000 TEU has brought asset prices to the floor for that ship type and size. According to vesselsvalue.com, second-hand prices are down by 26% to 38% since the beginning of the year. This can be compared to positive developments in prices for al
Construction of Ghanaian Wave Energy Project to Start
TC’s Energy will hold a ceremony for the wave energy project being developed jointly by TC’s Energy and Swedish company Seabased AB at the Ghanaian town of Ada. The event will mark the commencement of the project on 17th October at District Assembly Office in Ada Foah. TC’s Energy and Seabased have
Picture of the day: FSRU Hoegh Gallant
Höegh LNG’s third FSRU, the 170,000 cbm Höegh Gallant, is expected to start operating as an LNG import terminal in Egypt by the end of 2014. The company signed earlier this year a letter of intent with Egyptian Natural Gas (Egas) to lease the FSRU for a period of five years. The Höegh Gallant is equ
Recovering Freight Rates Threatened by Uncertainty
The oversupply in the freight market is still clearly felt as Panamax freight rates drag along, the Baltic and International Maritime Council (BIMCO) said in a review. “Fortunately, the erratic movements have now been mostly upward since the bottom-out on 27 June at USD 3,362 per day. Since then, fr
UK Navy Fighting Ebola at Its Doorstep
Military and civilian personnel are currently making final preparations in Falmouth, Cornwall, to sail with Royal Fleet Auxiliary (RFA) ship Argus to Sierra Leone as part of the UK’s response to the Ebola outbreak. The ship will take 3 Merlin helicopters and aircrew and engineers from 820 Naval Air
DNO starts drilling in Sfax permit off Tunisia
DNO ASA, the Norwegian oil and gas operator, has announced the start of drilling of the Jawhara-3 well inthe Sfax Offshore Exploration Permit in the Republic of Tunisia. The Jawhara-3 is the first of several exploration and appraisal wells planned in the permit. The well will be drilled four kilomet
Slow Economic Recovery Affecting Shipping
The global shipping demand remains subdued by slow economic activity, according to BIMCO, as the International Monetary Fund (IMF) lowers the outlook for 2014 amid lower growth than expected. The IMF data forecasts world growth to come in at 3.3%; down 0.1 points from its previous estimate in July.
DP World Promotes Sustainable Development
DP World Chairman HE Sultan Ahmed bin Sulayem has emphasized the role of public-private partnerships in promoting sustainable development and long term action at UNCTAD’s World Leaders’ Investment Summit in Geneva, attended by heads of state, government and leading executives of global companies. Sp