Africa
Japan’s Mitsubishi grabs stake in Côte d’Ivoire block
Mitsubishi has used the opportunity to highlight the fact that this transaction makes it Japan’s first company to enter oil and gas exploration business in Côte d’Ivoire.
CAT: New HDH System for Mini Excavators
The five compact radius Cat® E2 Series Mini Hydraulic Excavators—303.5E2, 304E2, 305E2, 305.5E2 and 308E2—will all be produced at Caterpillar’s new 850,000 square foot facility in Athens, Georgia, USA and will also use the new High Definition Hydraulic system. The E2 models are designed to carry on
Ebola Keeps Gothenburg Port Vigilant
Since the beginning of the year, there has been an Ebola outbreak in West Africa. Of the 11,000 ships that call at the Port of Gothenburg each year, a small number come from ports in the affected areas. The port is taking extra precautions when dealing with these ships, the company said in its press
ICS: Implementation of Environmental Regulations Major Concern
In advance of a critical intergovernmental meeting next month at the UN International Maritime Organization (IMO), the International Chamber of Shipping (ICS) has called on IMO Member States to give careful consideration to shipowners’ concerns about the implementation of an avalanche of new environ
Date Set for Navingo Maritime & Offshore Career Event 2015
The 9th annual Navingo Maritime & Offshore Career Event (MOCE) will be held on Wednesday 22 April 2015 at the Beurs World Trade Center in Rotterdam. During the 2014 event the organizer, Navingo BV, welcomed 4.449 visitors and 131 exhibitors, making this the most comprehensive career event in maritim
AfDB Backs Lekki Port Construction
The Board of Directors of the African Development Bank Group (AfDB) held its first regular meeting since the Bank returned to its statutory headquarters in Abidjan on Monday, September 8, and approved a combined USD 256 million for the financing of investments in Nigeria and Ethiopia as well as a mu
Eni under investigation for alleged bribery in Nigeria
The Milan Prosecutor’s office in Italy is investigating allegations that Claudio Descalzi, a CEO of the country’s largest oil company Eni, was involved in a bribery scandal in Nigeria.
Crewless Battery Powered Vessels for Short Sea Shipping
The increasing stress placed on land based logistic networks is driving the search for alternatives. One of the most promising is short sea shipping; therefore researchers at classification society DNV GL have developed “ReVolt”, a vessel that is greener, smarter and safer than conventionally fuelle
AfDB OKs Funding for Greenfield Port
The Board of Directors of the African Development Bank Group (AfDB) approved a combined US $256 million for the financing of investments in Nigeria and Ethiopia as well as a multinational projects preparation facility. The approvals comprise a US $150-million senior loan to Lekki Port LFTZ Enterpris
BP Extends Oceaneering’s Services Contract Off Angola
Oceaneering International, Inc. announced that BP p.l.c. has exercised both one-year options to extend the Field Support Vessel Services contract with Oceaneering for work offshore Angola on Blocks 18 and 31. Under this contract term extension, Oceaneering will continue to provide project management
BP extends Oceaneering’s Angola contract
Oceaneering International, Inc. has announced that BP p.l.c. has exercised both one-year options to extend the field support vessel services contract with Oceaneering for work offshore Angola on Blocks 18 and 31. Under this contract term extension, Oceaneering will continue to provide project manage
Drewry: Port Refinancing Set to Hike amid Interest Rates Rise
The prospect of higher US interest rates is set to drive increased port assets acquisition and refinancing over the next 12 months, according to Drewry Maritime Advisors, the port consultancy division of Drewry. US Federal funds target rate is projected to increase from its all-time low of 0.25% wit