Africa
Iranian Navy Clashes with Somali Pirates
Iranian Navy’s 30th flotilla has returned from a one-hundred day mission in the Gulf of Aden and the Indian Ocean. Navy Commander Rear Admiral Habibollah Sayyari has reported that the Iranian warships rescued five trade vessels attacked by pirates during the operation. “The 30th flotilla had five
Interview: All about Piracy
Piracy has become a lucrative business and an ever more dangerous for those being targeted by it. Once at sea, seafarers expose themselves to various dangers, especially from those lurking from the shadows. As hijackings become more frequent and more intense, we wanted to find out more about piracy
GE investing USD 2 Bln in development across Africa
GE will invest $2 billion in facility development, skills training, and sustainability initiatives across Africa by 2018. GE made the announcement in advance of President Obama’s U.S.-Africa Leaders Summit, where GE is hosting African and global government officials, policy experts, NGOs, entreprene
Kenya Launches Giant Port Construction Project
Kenyan President Uhuru Kenyatta and Deputy President William Ruto were joined by Lamu leaders on August 1, to witness the signing of the contracts between Kenya Ports Authority and China Communication Construction Company for the construction of the first three berths of Lamu Port. “The commencement
Galp Strikes Out in TAO-1
Galp Energia has concluded the drilling of the exploration well TAO-1, located in the Tarfaya Offshore area, in the Atlantic margin of offshore Morocco, where no hydrocarbons were encountered. The primary objective of the well was to test the resources potential of the Trident prospect, located in t
Galp bites dust offshore Morocco
Galp Energia announces the conclusion of the drilling of the exploration well TAO-1, located in the Tarfaya Offshore area, in the Atlantic margin of offshore Morocco, where no hydrocarbons were encountered. The primary objective of the well was to test the resources potential of the Trident prospect
No W. Africa deal for Polarcus
Marine seismic specialist Polarcus has informed that it will not be acquiring seismic data under the Letter of Intent signed in June. The company on June 16, 2014, received a Letter of Intent for a 3D marine seismic survey project for an undisclosed customer offshore West Africa. However, following
Hijacked Tanker Freed
The Kiribati-flagged oil tanker MT Hai Soon 6 carrying 21 sailors, which had been hijacked off Ghana a week ago, was released on Sunday in waters off Nigeria, Seoul’s Foreign Ministry said. Besides cargo officer Yeo Eu Loone, 38, there were 12 Chinese, six Myanmar nationals and two Koreans in the
Polarcus’ Deal Off West Africa Falls Trough
Polarcus Limited has released an update regarding a previously announced receipt of a Letter of Intent for a 3D marine seismic acquisition project for an undisclosed client offshore West Africa. The Company has informed that subsequent to equity changes in the relevant license block, the referenced
Cameroon: Bowleven Secures Etinde Exploitation
Bowleven, the Africa focused oil and gas exploration group, has been awarded the Etinde Exploitation Authorisation (EA), signed by the President of Cameroon. This concludes the final stage of the EA award process. This EA gives Bowleven and its joint venture partners, which will include SNH, the Cam
Quantum, Golar in USD 500 Mln LNG terminal deal
Quantum Pacific’s subsidiary in Ghana and Golar LNG signed a deal to build a $500 million LNG import terminal. The facility that should directly deliver gas to the Volta River Authority by 2016 will be located offshore Tema, and it should boost the power generation of a country fighting with a power
Bowleven gets Etinde development rights
Bowleven, the Africa focused oil and gas exploration group traded on AIM, has informed that the formal decree awarding the Etinde Exploitation Authorisation (EA) has been signed by the President of Cameroon. This concludes the final stage of the EA award process. This EA gives Bowleven and its joint