Africa
Perenco Drills Dry Hole at Sputnik-1 Offshore Gabon
Perenco, Tullow Oil’s partner in the Arouwe block offshore Gabon, reported that the Sputnik-1 well, targeting a pre-salt structure in Arouwe block, has encountered non commercial hydrocarbon pay in up to 300 metres of net sandstone reservoir. The Vantage Tungsten Explorer drillship, drilled Sputnik-
Perenco: Non-commercial pay in Sputnik-1 well off Gabon
Perenco has informed that Sputnik-1 well, in the Arouwe block offshore Gabon, has encountered non-commercial hydrocarbon pay. The Sputnik-1 well, targeting a pre-salt structure in Gabon’s offshore Arouwe block, has encountered non commercial hydrocarbon pay in up to 300 metres of net sandstone reser
Piracy Not Subsiding
The UK’s maritime intelligence provider Dryad Maritime has released its Q3 maritime crime figures which show that piracy is continuing across the globe at similar levels to Q2, with incidents of cargo theft in Southeast Asia continuing to rise. Dryad’s figures show a 27% drop in crime overall betwee
ICS Lobbying for Ballast Convention Solution ahead of IMO Meeting
The International Chamber of Shipping (ICS) and its member national shipowners’ associations are engaged in the final flurry of lobbying for removing implementation hurdles of the International Maritime Organization (IMO) Ballast Water Management Convention. The Convention is expected to enter into
Polarcus’ Seismic Projects in Spotlight after FAN-1 Oil Discovery
The FAN-1 oil discovery offshore Senegal announced by Cairn Energy and its joint venture partners on 07 October is exciting news for companies exploring this northwest African shelf. The basic play model is similar along the entire paleo continental shelf edge from Senegal to Guinea-Bissau and the d
Marine Platforms counting days to ‘African Inspiration’
On 5 November, Havyard’s shipyard in Leirvik in Sogn will hand over the ship to the Nigerian company, and on the following day the ship will be named and duly celebrated in Fosnavåg in Møre og Romsdal county.
PM Tours New Suez Canal Project
Two days ago, Egypt’s prime minister Ibrahim Mahlab paid a visit to Ismailia to follow up the ongoing work at the new Suez Canal project and congratulate the workers on the occasion of Eid al-Adha. Upon his arrival, Mahlab held a meeting with Suez Canal Authority Head Mohab Mamish and a number of of
US to Start Screening Cargo Ships amid Ebola Fears
The United States Coast Guard will start screening cargo ship personnel coming from Ebola-infected countries who arrive at U.S. ports, in accordance with the Obama Administration decision. The decision comes in the aftermath of the first Ebola death case in Dallas, on Wednesday morning, which result
Demand for Global Shipping Industry to Dwindle?
The global shipping industry will see lower demand in coming years, all other things being equal, than was previously expected due to fragile and uneven global recovery, according to BIMCO. According to the latest Update of the World Economic Outlook from the International Monetary Fund (IMF), the g
Pirate Attacks to Increase ahead of Nigerian Elections
As February election campaign approaches in Nigeria pirate attacks in the Gulf of Guinea are expected to increase so as to funnel ransom money into the campaign financing, Risk Intelligence’s Managing Director Hans Tino Hansen said Tuesday while speaking at a conference in Copenhagen. Reuters cited
Drewry: Mega Alliances Will Help Container Industry Recover
Drewry’s Container Annual Review & Forecast 2014/15 emphasises that the recovery of the container industry, when that happens – possibly by late 2016 or 2017 – is to be based around the formation of the new mega alliances and the continued reduction of unit costs, rather than the matching of supply
VIDEO: The Great Wall of Lagos
The Eko Atlantic city, the most impressive urban development project in Nigeria, will change the face of Africa and transform the Lagos State into a megacity. The latest video showcases impressive 8.5-kilometer-long Great Wall of Lagos, one of the most important structures of the Eko Atlantic city p