Africa
Dredging on New Suez Canal in Full Swing
Dredgers are now in operation at the new canal in Suez, according to sis.gov.eg. Chairman of the Suez Canal Authority (SCA) Mohab Mamish was on the site on Tuesday as dredgers “Tariq bin Zeyad” and “10th of Ramadan” entered the new canal from the south. “Salahuddin al-Ayyoubi” and “Mecca” are also o
Is Piracy Prosecution Model Applicable to Maritime Drug Smuggling?
In the last four years the traffic of heroin destined to Europe and North Africa has shifted dramatically from the northern routes to the southern maritime routes. Naval forces belonging to the Combined Maritime Forces (CMF) – a coalition of 30 states headquartered in Bahrain – have seized more than
Sea Trucks gets loan for ‘Jascon 18’ vessel
Sea Trucks Group , an international oil and gas marine contractor focused on West Africa, has signed a US$ 130,000,000 facility to finance the completion of Jascon 18 vessel.
Unmanned Vessels to Take Over Our Seas?
Researchers at Norwegian Marine Technology Research Institute (MARINTEK) believe that in ten to twenty years time there will be 200 metre cargo vessels plying the oceans without the need of a captain or crew. “But before this can happen, we will be seeing the technology working on an existing vessel
Sunbird Energy secures funding for Ibhubesi Gas Project
This transaction delivers the funding required to advance the Ibhubesi Gas Project to commercialisation and provides Sunbird with a highly capable strategic shareholder with extensive industry experience in Africa.
Maersk eyeing Chissonga sale?
Danish oil company Maersk oil is looking to farm-out a portion of its Chissonga discovery, offshore Angola.
Melting Glaciers Escalating Antarctica Sea-Level Rise
A new study of satellite data from the last 19 years reveals that fresh water from melting glaciers has caused the sea-level around the coast of Antarctica to rise by 2cm more than the global average of 6cm, British Antarctic Survey reports. A team of researchers, including the British Antarctic Sur
Demand in Developing Countries to Spur Liquid Fuels Consumption
World petroleum and other liquid fuels consumption will increase 38% by 2040, spurred by increased demand in the developing Asia and Middle East, according to projections in International Energy Outlook 2014 (IEO2014), released on Tuesday by the U.S. Energy Information Administration (EIA). “The gro
CGG Awarded Four BroadSeis-BroadSource Seismic Contracts
CGG announced that it has been awarded contracts for the 3D seismic acquisition of four major surveys using its BroadSeisTM with BroadSourceTM, marine broadband technology. The four surveys represent a total contract value of over 80 million USD. Three of the surveys have been awarded in the Asia-Pa
CGG wins four seismic survey contracts worth $80M
CGG has announced that it has been awarded contracts for the 3D seismic acquisition of four major surveys using its BroadSeisTM with BroadSourceTM, marine broadband technology. The four surveys represent a total contract value of over 80 million USD. Three of the surveys have been awarded in the Asi
Ebola Forcing Maersk to Reshuffle
Due to the outbreak of Ebola in some countries in West Africa, Maersk Line’s ships calling the region have over the past couple of weeks been facing increasing health and safety measures. The main objective of these measures is to prevent the spread of the virus, the company said in a release. One o
Ocean Three Joins the Market
A new shipping alliance has been formed between three boxship giants, as confirmed by the CMA CGM Group, which has signed three major agreements with China Shipping Container Lines (CSCL) and United Arab Shipping Company (UASC), forming what will be known as the Ocean Three. The alliance is formed o