Africa
Aquaterra Energy Delivers CSP Solution for SAPETRO Off West Africa
Following successful conclusion of a design competition, work is well underway at Aquaterra Energy to design, fabricate and install a minimum facilities Conductor Supported Platform (CSP) for South Atlantic Petroleum Benin S. A. (SAPETRO), off the West African coast. The contract was awarded followi
IUMI: Statistics Show Total Hull Loss Fall
The International Union of Marine Insurance (IUMI) has released its Spring Statistics which found the percentage of total hull losses have fallen to a record low. The figures which are the most comprehensive study into hull, cargo and energy insured losses available reported the frequency of total l
Aquaterra installing offshore platform in Benin
Aquaterra Energy has received a contract to deliver a Conductor Supported Platform to be deployed off the coast of Benin. According to Aquaterra, the award follows successful conclusion of a design competition, work is well underway at Aquaterra Energy to design, fabricate and install a minimum faci
GE’s Subsea Systems executes first major contract
GE Oil & Gas has announced the first major equipment delivery by its Subsea Systems business, for a major operator, under a contract established by its Angolan joint venture, GE-GLS Oil & Gas Angola Limited. A primarily localized workforce assembled the first of 16 subsea production trees, destined
GE’s Angola Joint Venture Delivers Subsea Equipment
GE Oil & Gas announced the first major equipment delivery by its Subsea Systems business, for a major operator, under a contract established by its Angolan joint venture (JV), GE-GLS Oil & Gas Angola Limited. A primarily localized workforce assembled the first of 16 subsea production trees, destined
IHC Merwede: Strong Order Book
IHC Merwede successfully increased its order book in 2013 across the main sectors of its business: offshore and dredging. The company received almost € 1.8 billion worth of new orders in the past year. At the end of 2013, the order book was valued at over € 1.7 billion, which is the equivalent of a
IMO Noise Code Becomes Mandatory from July 2014
On 1st July 2014, the International Convention for the Safety of Life at Sea (SOLAS) will be amended to make the ‘Code on Noise Levels Onboard Ships’ mandatory for new vessels. IMO recognizes that high noise levels onboard ships could affect seafarers’ health and impair the safety of the ship. The p
Angola LNG Sells First Condensate Cargo to Sonangol
Angola LNG announced the sale of its first condensate cargo from its plant in Soyo, the facility built to create value from Angola’s offshore gas resources. The first cargo was sold to Sonangol on a Free on Board (FOB) Soyo basis and safely loaded onto the M/T Fortune Victoria tanker. Commenting on
Shipping Industry Worried about BWM Convention Implementation
The global shipping industry, represented by the International Chamber of Shipping (ICS), BIMCO, Intercargo, Intertanko, World Shipping Council (WSC), CLIA and IPTA, has voiced continuing concern about serious implementation problems associated with the IMO Ballast Water Management (BWM) Convention.
DW: O&G demand will require many new development wells to be drilled
Douglas-Westwood’s new Drilling & Production information service is producing some interesting numbers, not least that meeting future global oil & gas demand will require massive numbers of new development wells to be drilled; in 2014 some 83,000, of which 80,000 will be onshore and 3,000 offshore.
Sterling: No Oil at Bamboo-1 Well Offshore Cameroon
Sterling Energy Plc provided an update for the Ntem Concession, offshore Cameroon. Bamboo-1, the first exploration well to be drilled on the Ntem Concession commenced operations on 9 February 2014 and Murphy Cameroon Ntem Oil Co. Ltd (“Murphy”), the operator with 50% working interest, has confirmed
Bamboo-1 well bears no oil for Murphy (Cameroon)
Sterling Energy Plc has informed that no oil has been found at the Ntem Concession well, offshore Cameroon. Bamboo-1, the first exploration well to be drilled on the Ntem Concession started operations on 9 February 2014 and Murphy Cameroon Ntem Oil Co. Ltd (“Murphy”), the operator with 50% working i