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Russia And China Ready For Deal On Energy
"China is our reliable friend," Russian President Vladimir Putin said on Monday in an interview ahead of a conference in Shanghai. Most evaluations of the bilateral…
Port Harcourt Jetty Blast Won't Impact Operations
Pipeline vandals caused an explosion at a jetty near Nigeria's 210,000-barrels-per-day capacity refinery in the southern oil hub of Port Harcourt, officials said on Monday.
Money To Burn: OPEC's Wasteful Energy Subsidies
Fossil fuel subsidies cost governments in emerging markets more than $500 billion every year and are a major contributor to climate change, according to the International Energy Agency…
SPE Awards DNV GL For Its Contribution To Asset Integrity
DNV GL has been recognised by the Society of Petroleum Engineers (SPE) as the organisation that has contributed most to asset integrity in the Middle East at the…
Algerian Reggane Nord Gas Project entering execution phase
A project consortium that includes RWE Dea has signed a major contract for the construction of a natural gas processing plant and infrastructure in the Algerian Sahara for the Reggane Nord project.
Floating Production System Orders Outlook
An EPC contract for a production unit can easily exceed $1 billion – and $3 billion for an FPSO has recently been breached. Overall, this is a $20 to $30 billion annual market. But, as described below, the sector is hitting some headwinds that could impact future business opportunities. 243 floating production projects are in various stages of planning as of beginning May. Of these, 57% involve an FPSO…
Fastnet Appoints Will Holland as CFO
Fastnet Oil and Gas plc the E&P company focussed on exploration acreage in Africa and the Celtic Sea, announced appointment of Will Holland to the Board of Directors as Chief Financial Officer…
Shell Awards Maintenance Contract to BMT
Shell has selected BMT Asia Sdn Bhd (BMT) to provide three-year maintenance services for a production storage facility offshore Malaysia. Sister company, BMT Scientific Marine Services previously installed Marine Instrumentation Systems (MIS) and Marine Advisory Systems (MAS) on the platform. This contract allows the organization to provide servicing and maintenance on MIS/MAS instrumentation exposed to the offshore marine environment…
Statoil Adjusts Portfolio in Angola
Statoil is divesting its 5% participating interest in the ENI-operated block 15/06 offshore Angola to the concessionaire Sonangol E.P. The transaction, subject to customary closing conditions, includes a consideration of $200 million and an effective date of January 1, 2013. “This transaction is part of Statoil’s continued optimisation process to maximise value and focus financial and organisational capabilities to core assets.
Low Demand Spurs Euro Coal Price Drop
European physical coal prices dropped on Monday as demand across the region fell on the back of mild weather and healthy stocks. Cargos for delivery in July to Amsterdam…
Good Cocoa Harvest Expected on Ivory Coast
Cocoa farmers said on Monday weeks of abundant rain in most of Ivory Coast's principal growing regions will likely ensure good bean quality and robust harvesting…
Rem Offshore Extends Veripos Positioning Contract
Aberdeen-based Veripos, suppliers of high-precision GNSS positioning services for offshore applications, is to provide dedicated positioning support for a number of Platform Supply vessels (PSVs) operated by Rem Offshore, the specialist Norwegian company which maintains a global fleet of ships. Under the new agreement, which extends present contract arrangements between the two companies, Veripos will…
Cal Dive Shaves Loss in Q1 2014
Houston's Cal Dive International, Inc. has reported a first quarter 2014 loss of $13.1 million, or $0.14 per diluted share, on revenues of $119.1 million. This compares to a loss of $17.7 million…
New York Atlantic Rower Reaches Mid Point
Victor Mooney, 48, of Queens, in a 24ft Brazilian custom made ocean rowboat, 'Spirit of Malabo', reports that in his fourth bid for a transatlantic crossing and furthest so far…
Kidnappers In Nigeria's Delta Release 3 Dutch Nationals
Kidnappers in Nigeria's Niger Delta region released three Dutch nationals held since May 4, Anka Mustapha, a spokesman for Bayelsa state's Joint Task Force, which includes the military and police…
Algeria Orders 20 Liebherr Mobile Harbor Cranes
Liebherr Maritime Cranes has received an important order for its mobile harbor crane range from Algeria, Africa. A purchasing association of Algerian port operators has opted for 20 Liebherr mobile harbor cranes (LHM). The purchasing association consists of seven Algerian port companies, which decided to invest in innovative and high-quality port equipment. The mobile harbor cranes will be delivered to various destinations at the Algerian coast…
CMA CGM's first carrier offering a direct service of 5,700 containers (TEU) vessels to West Africa
The CMA CGM Group informed about the improvement of its ASAF service which will deploy 12 vessels of 5,700 containers (TEU) in direct service to West Africa starting…
San Pedro Port Seeks $1.65b for Expansion
Ivory Coast's port of San Pedro is seeking 777 billion CFA francs ($1.65 billion) from private partners to fund upgrades that aim to make it one of West Africa's top shipping hubs…
Cost Of Somali Piracy Slumps As Attacks Fall
The cost of Somali piracy to the global economy fell by almost half last year as attacks slumped, but piracy in West Africa was on the rise, an annual security report said on Wednesday.
Ezion Reports 62% Increase in Q1 2014 Profits
Ezion Holdings Limited (“Ezion” and together with its subsidiaries the “Group”), a leading Singapore headquartered, Liftboat developer, owner and operator as well…
Maritime Piracy
Houthi Rockets Wreak Havoc on Middle East Container Shipping
Narco-Submarines: The Hidden Depths of Drug Trafficking
Drug Smuggling on Ships and Submarines: An Escalating Threat
Maersk revises profit forecast upwards due to robust demand and disruptions in the Red Sea.
Global Shipping Carriers Are Feeling the Impact of the War in Ukraine and the Middle East
Maritime Piracy in the Horn of Africa:
Houthis Declare All-Out War on Israeli Shipping, Vowing to Strike Beyond Red Sea
Injustice at Sea: Greek Court Drops Charges in Deadly Migrant Shipwreck
