Africa
African Petroleum to farm-out interest in block offshore Côte d’Ivoire
African Petroleum Corporation Limited has entered into an agreement with Buried Hill Africa Limited to farm-out a 10% interest in Block CI-509 offshore Côte d’Ivoire in return for Buried Hill funding 21.1% of the cost of the next exploration well to be drilled on Block CI-509 and an additional cash
Most popular articles of the week, July 7 – 13, 2014
Petrobras facing $15B loss in case of SBM Offshore contracts termination Petrobras, Brazil’s state-controlled oil company, has said that it may have a reduction of $15 billion in net income between 2014 and 2018 in case of termination of current contracts with SBM Offshore. Offshore helicopter saf
Top News of the Week July 7th-11th
AMT Explorer Sinks with Prysmian’s Cargo Cable barge AMT Explorer sank on Thursday, July 3 around 50 miles southwest of Sardinia while carrying Prysmian’s power cables to the North Sea. Boat Smashes into Norwegian Oil Rig, 60 Workers Evacuated A moving supply boat has smashed into the suspension l
Nigeria Turns Over Pirates to Interpol
MT Gare, a vessel believed to had been used by the pirates to hijack other ships, together with three suspected pirates were handed over to Interpol by the Nigerian Navy. Commander of Nigerian Navy’s NNS Delta, Musa Gemu stated that the vessel MT Gare had been used in the hijacking of MT Kerala, o
UKHO: Ships Requiring ECDIS Should Have a Plan by Now
All existing passenger ships of 500 gross tonnes and all new cargo ships of 3,000 gross tonnes are required to carry ECDIS from their first survey after 1 July 2014. In 12 months time, on 1 July 2015, this will be further extended to include all existing tankers of 3,000 gross tonnes, extending to
Half of Seafarers Unable to Keep in Touch with Their Loved Ones
A recent survey shows that up to half of seafarers don’t have reasonable access to communication in order to keep in touch with their family and friends. The 2014 Crew communications survey issued by Futurenautics Research in association with InterManager, ISWAN, PTC, BIMCO and CrewToo shows that
ISWAN: Thousands Aided by SeafarerHelp
Problems of 6,400 seafarers and their families were resolved during 2013, according to the 2013 Annual Review for SeafarerHelp issued by the International Seafarers’ Welfare Assistance Network (ISWAN). SeafarerHelp is a free 24 hour multi-lingual helpline for seafarers. There was a 35% increase in
Noble wins work for jack-up trio. Welcomes new rig to its fleet
Noble Corporation has secured more work for three of its jack-up drilling rigs.
African Petroleum to De-Risk Sierra Leone with 3D Survey
African Petroleum Corporation announced that its wholly owned subsidiary African Petroleum Sierra Leone Limited has signed a contract to acquire more than 1,000 sq km of 3D seismic data on Block SL-4A-10, offshore Sierra Leone in addition to the existing 3D coverage. The seismic acquisition over Blo
African Petroleum signs Sierra Leone 3D survey deal
African Petroleum Corporation Limited has signed a contract to acquire more than 1,000 sq km of 3D seismic data on Block SL-4A-10, offshore Sierra Leone in addition to the existing 3D coverage. The seismic acquisition over Block SL-4A-10 is expected to commence in Q3 2014. The Company was awarded SL
Nigerian Pirates Cost UK Dearly
The UK economy is heavily exposed to lawlessness off the coast of Nigeria, a new report published by the UK Chamber of Shipping says. The report found that almost all of the UK’s annual £6.3bn ($11.47bn) of trade with the region is put at risk by being moved through the high maritime crime region
IMDO: Northern European Container Volumes About to Climb
Box traffic in Northern Europe’s six largest ports will rise by 6.9% in the latter half of 2014, the Irish Maritime Development Office (IMDO) said in its Shipping Market Review referring to the Lloyd’s List findings. According to the latest Global Port tracker report published by Hackett Associate