Africa
Summer Lull Not Over Yet for Newbuilds
The summer lull that took over the newbuilding market is not over yet, as prices for new ships are forecast to continue to soften, according to London-based shipbroker Gibson. The dowturn has stricken the tanker product orderbook the strongest, as explained by Gibson, with Tsakos Energy’s order for
Xbloc Application on Reunion Island
BAM Infraconsult bv (under its trade name Delta Marine Consultants) has signed a license agreement for the use of Xbloc for the construction of the new coastal road (Nouvelle route du littoral) on the French island La Réunion in the Indian Ocean. The license agreement has been signed with a joint ve
Geo Pacific Bags West African Seismic Contract
SeaBird Exploration Plc announces that it has been awarded a contract for a 3D seismic survey in Gulf of Guinea, West Africa for the vessel Geo Pacific. The survey will cover a minimum of 1,450 sqkm and will have an estimated value of approximately USD 11 million. The project is expected to start du
SeaBird: ‘Geo Pacific’ to shoot seismic in Gulf of Guinea
SeaBird Exploration Plc has announced that it has been awarded a contract for a 3D seismic survey in Gulf of Guinea, West Africa for the vessel Geo Pacific. The survey will cover a minimum of 1,450 sqkm and will have an estimated value of approximately USD 11 million. The project is expected to star
Readers’ Picks of the Week (Aug 18 – 24, 2014)
Strike at Ningbo Port Turns Violent A massive strike by as many as 10,000 truck drivers at Ningbo’s Beilun Container Port erupted into violence on August 20, as protestors clashed with riot police and smashed the windshields…Read more Engine-Room Fire Disables Tanker, Kills One Crewman U.S. Coast Gu
Most popular articles of the week, August 18 – 24, 2014
Two platform evacuations, Gulf of Mexico lease sale, new rigs in Scotland and Qatar, huge FPSO deal, big oil discovery in Australia…
Top news of the week August 18-23, 2014
PetroChina rethinking its LNG strategy PetroChina was forced to think over its strategy of producing LNG as transport fuel to over 80,000 LNG vehicles on China’s roads, as its unit, Kunlun Energy shut down two major plants in the past month. Mozambique parliament opens doors to LNG law Mozambique’s
20,000 People Risked Their Lives in Sea Crossings
A new UNHCR report on irregular maritime movements in South East Asia estimates that 20,000 people risked their lives in sea crossings in the first half of this year. Many were Rohingya who fled Myanmar and arrived in the region suffering the effects of malnutrition and abuse during the journey. Sev
New Suez Canal: 13.6 Million Cubic Meters of Material Removed
Military Spokesman Brigadier Mohamed Samir yesterday said that 13.6 million cubic meters of material was excavated from the newly-launched Suez Canal project. In its statement, Samir noted that some 43 companies are now working at the project site and 5 companies are waiting to start work until nece
CMA CGM Kicks Off Reunion Island Project
Visit of the President of the French Republic Mr. François Hollande to the Reunion Island, accompanied by Rodolphe Saadé, Vice-Chairman and member of the CMA CGM Group’s Board of Directors, marks the first step in a push to turn Port Réunion into CMA CGM Group’s strategic maritime hub in the Indian
Bureau Veritas nabs Kaombo FPSOs contract
Bureau Veritas has been awarded a contract by Saipem to provide classification and certification services for the two Kaombo FPSOs for service offshore Angola. The US$4bn project for the FPSOs was awarded to Saipem by Total for the engineering, procurement, installation and commissioning of two conv
Transocean’s new drillships start operations
Transocean, one of the world largest offshore drilling contractors, has announced its two new deepwater drillships have begun drilling operations.