Africa
IMO’s MEPC Adopts Amendments to MARPOL Convention
The Marine Environment Protection Committee (MEPC) of the International Maritime Organization (IMO) met for its 66th session from 31 March to 4 April 2014, at IMO Headquarters in London. The Committee adopted amendments to the MARPOL Convention to set a date for the implementation of “Tier III” stan
Baker Hughes: Offshore rig count up by 16 in March
Baker Hughes Incorporated announced today that the international rig count for March 2014 was 1,345, up 4 from the 1,341 counted in February 2014, and up 77 from the 1,268 counted in March 2013. The international offshore rig count for March 2014 was 334, up 16 from the 318 counted in February 2014,
Libya: Two Occupied Oil Ports to Reopen
Libya’s government and federalist rebels have agreed the terms for the reopening of the country’s two occupied oil ports, the Zueitina and Hariga, with two more to follow, the Ras Lanuf and al-Sidra, in a few weeks’ time, the country’s justice minister said yesterday. The reopening of the two termin
OVL in Talks to Buy LNG from Mozambique
ONGC Videsh (OVL), which holds a small stake in Anadarko-operated giant gas field off Mozambique, is reportedly in negotiations with the consortium to buy liquefied natural gas. “Price is about $13-14 (per unit) as per the consortium’s pricing formula. About $1 would be additional cost for transport
PA Resources, EnQuest farm-out deal in Tunisia hits snag
In May 2013 PA Resources entered into an agreement to sell to EnQuest 70% interests in, and to transfer the operatorship of, the offshore assets in Tunisia which include the Zarat Permit and the Didon Concession. Due to the political situation in the country the transaction is still waiting to be ra
Twenty Vessels Sold Last Week
Lion Shipbrokers said that a total of twenty vessels changed their owners last week. Namely, twelve bulk carriers, one container vessel and seven tankers have been acquired by various shippers. BULKERS M/V “SHAGANGFIRST ERA” – 181,447 dwt, blt 2010 Koyo Dockyard/Japan, NK, 9 HO/9 HA, MAN-B+W 6S70MC-
Top News of the Week March 31 – April 5, 2014
Two Missing after Ship Collision off Spain Singapore-flagged car carrier Baltic Breeze collided with a Spanish fishing vessel near the Port of Vigo, Spain Tuesday morning. Universal Marine Orders Four Boxships Dutch shipper Universal Marine has placed an order, its biggest yet, for four 2,350 TEU co
Most popular articles of the week, March 1 – 6, 2014
Read about new FPSO in Africa, a prison sentence for an oil company CEO, world’s largest offshore platform, offshore oil computer game, big job boom in North Sea, Kulluk drillship grounding etc
Top News – March 31 to April 6, 2014
Van Oord Nabs Surabaya Dredging Contract (Indonesia) Van Oord, a leading international contractor specialising in dredging, marine engineering and offshore projects, has been awarded a contract for dredging and maintenance work for the western access channel to the Port of Surabaya in Indonesia. D
KR-CON – World’s First Mobile App Containing IMO Conventions
Korean Register (KR), an IACS member classification society, has released the world’s first mobile app containing all up-to-date IMO conventions. This brand new facility is based on KR’s award winning KR-CON software which is an international database program containing the full up-to-date texts of
Ophir, WHL Energy Seychelles Farm-In to receive approval
Australian energy company WHL Energy Limited has received notice that regulatory approvals will be granted for the previously reported farm-out agreement with Ophir Energy pic (“Ophir”). Under the agreement Ophir is farming-in to earn a 75% interest in WHL Energy’s offshore Seychelles petroleum expl
Lukoil: Oil potential at exploration well (Côte d’Ivoire)
LUKOIL Overseas has completed drilling its first offshore exploration well, Capitaine East-1x, at block CI-101 in the Republic of Côte d’Ivoire. The well penetrated through 140 meters of sandstone from a Turonian formation. The survey confirmed the presence of hydrocarbons, indicating the oil potent