Africa
USCG Updates Port Security Advisory for Libya
The U.S. Coast Guard has issued an updated Port Security Advisory for Libya. Due to the continuing civil unrest and weak governmental institutions in Libya, the U.S. Government has concerns regarding whether the port facility security requirements of the International Ship and Port Facility Security
Statoil Farms Down 15 Pct Interest in Angola Block 39
Statoil has signed an agreement to farm down a 15% interest to WRG Angola Block 39 Limited (“WRG”) in the Statoil-operated block 39 offshore Angola in the Kwanza pre-salt basin. WRG is a 50/50 joint venture comprising White Rose Energy Ventures and Genel Energy plc. “This is part of Statoil’s active
Eni CEO Meets President of Mozambique
Armando Guebuza, The President of Mozambique, and Eni’s CEO, Paolo Scaroni, met in Bruxelles for an update on Eni’s activities and projects in the country. During the meeting, Paolo Scaroni illustrated the progress made in terms of exploration; following the completion of 11 wells, with a success ra
OMV expands into Namibian waters
OMV is taking the next step to expand its exploration business in Sub-Saharan Africa by entering an offshore exploration project in Namibia. This is the third major milestone to build up a significant exploration position in the region after acquiring interests in Madagascar and Gabon in 2013. OMV C
Statoil divests part of interest in Block 39 offshore Angola
Statoil has signed an agreement to farm down a 15% interest to WRG Angola Block 39 Limited (“WRG”) in the Statoil-operated block 39 offshore Angola in the Kwanza pre-salt basin. WRG is a 50/50 joint venture comprising White Rose Energy Ventures and Genel Energy plc. “This is part of Statoil’s active
Phase II of Kribi Deepwater Port Project to Include Dredging (Cameroon)
CHEC and Kribi Industrial Park Project Committee signed Kribi Deepwater Port Phase II Project EPC business contract on January 28th. Kribi Deepwater Port Phase II Project includes construction of a 675m breakwater, two 715m-long container berths and dredging. This project is an important component o
Cote d’Ivoire: Preperations Underway for Abidjan Port Expansion
On February 27, the preliminary field investigation of Abidjan Port Expansion Project officially commenced. This project is the largest port construction program in Cote d’Ivoire at the moment. On January 11, 2013, CHEC and Cote d’Ivoire signed the EPC business agreement with a contract amount of ov
Sanco Swift Begins 3D Seismic Acquisition for Chariot Off Morocco
Chariot Oil & Gas Limited, the Atlantic margins focused oil and gas exploration company, has in conjunction with its partner, ONHYM, commenced a 1,700km2 3D seismic survey across its areas of interest offshore Morocco. The Company has contracted Dolphin Geophysical AS to carry out the 3D seismic pro
Drewry: Container Industry Stuck in Vicious Cycle
Drewry’s 1Q14 Container Forecaster report highlights that the industry remains in an extended down cycle. This is being accentuated and extended by the constant delivery of new ships. The global cascade is now hurting the balance of the north/south trades. Some of these trade routes have also not li
Chariot begins offshore survey in Morocco
Chariot Oil & Gas Limited , the Atlantic margins focused oil and gas exploration company, has, in conjunction with its partner, ONHYM (25%), it has started a 1,700km2 3D seismic survey across its areas of interest offshore Morocco. The Company has contracted Dolphin Geophysical AS to carry out the
Douglas Westwood: AUV fleet to reach 825 figure by 2018
Douglas-Westwood (DW) forecast that the global AUV (autonomous underwater vehicle) fleet will increase 42% in the 2014-2018 period, compared to the previous five years. The fleet is forecast to total 825 units in 2018, led by strong demand in the military sector. The military sector makes up 50% of
Eni CEO and President of Mozambique talk about exploration
The President of the Republic of Mozambique, Armando Guebuza, and Eni’s CEO, Paolo Scaroni, met today in Bruxelles for an update on Eni’s activities and projects in the country. During the comprehensive meeting, Paolo Scaroni illustrated the progress made in terms of exploration; following the compl