Damen Patrol Vessels for Offshore Nigeria
Damen recently delivered a pair of FCS 3307 high-spec patrol vessels to be operated by Homeland Integrated Offshore Services (Homeland IOS Ltd) in Nigeria, and now the boats are being prepared for their assignments. The boats will be deployed in the Gulf of Guinea to protect and support the offshore assets of Homeland’s clients which include…
ICS Hopes for Zero CO2 Fuels
International Chamber of Shipping (ICS) believes that the 2020 global sulphur cap will be the regulatory game changer of the decade with profound implications for the economics of shipping.However, there are even more profound changes to come. "We are rapidly moving into a multi-fuel future to be followed we hope, in the 2030s, by the arrival of commercially viable zero CO2 fuels suitable for global application…
Total Sees Cash Flow, Output Boost from Deepwater Projects
Oil and gas major Total said on Tuesday it expected deepwater oil and gas operations to make a strong contribution to its output and cash flow thanks to major developments in the West Africa's Gulf of Guinea region, Brazil and U.S. Gulf area.Production from deepwater projects is expected to reach 500,000 barrels of oil equivalent per day (Kboe/d) by 2020…
Exxon Nears Deal to Explore for O&G Offshore Mauritania
Exxon Mobil is close to signing a deal to explore for oil and gas offshore Mauritania, its first foray into the West African country, Mauritania's oil, energy and mines director said on Wednesday. An Exxon Mobil spokeswoman declined to comment on the deal, but said the Texas-based company does not yet have drilling activities in Mauritania.
Ghana, Equatorial Guinea to Sign LNG Deal
Ghana's President Nana Akufo-Addo plans to sign an agreement to import liquefied natural gas (LNG) from Equatorial Guinea during his three-day visit to the Gulf of Guinea petroleum producer due to begin on Monday, his office said. Though an oil and gas producer in its own right since its flagship Jubilee field came on stream in 2010, Ghana…
African LNG Exports to Get Boost from Offshore Projects
Cameroon plans to begin exporting liquefied natural gas later this year using a newly designed offshore plant that analysts say could slash production costs and unlock African reserves not previously considered economically viable. West and Central Africa's Gulf of Guinea has seen a wave of new oil and gas exploration, particularly since Tullow Oil discovered Ghana's huge Jubilee gas field in 2007.
Armed Piracy in West African Waters Rise
Bulk of attacks occurred off Nigeria. Armed attacks on ships in West African waters nearly doubled in 2016, with pirates increasingly focused on kidnapping their crew for ransom off Nigeria's coast, a report said on Tuesday. A recent spate of attacks off Somalia, meanwhile, may also indicate a resurgence of piracy in East Africa as a result of less vigilance, the Oceans Beyond Piracy (OBP) project said.
African Petroleum Pulls out of Liberia Offshore Blocks
West Africa-focused oil and gas company African Petroleum is pulling out of its two Liberian offshore prospecting licences after it failed to attract new partners, it said in a statement on Wednesday. Production-sharing contracts for the LB-08 and LB-09 blocks formally expired in June, and African Petroleum had been in negotiations with…
Low Crude Prices dim Revenue Hopes from new Ghana oilfield
New oil production ship cost $1.6 billion. Some analysts say output from Jubilee field disappointing, but Tullow confident new ship avoids problems on Jubilee vessel. In the depths of Ghana's fiscal crisis in 2014 policymakers looked forward to a time when a new oil field would open to boost the economy. That time has come but there's a catch: oil prices have halved since the project started.
CNR Puts Off Planned Ivory Coast Investment
Canadian Natural Resources (CNR) is postponing $300-400 million in planned investment on its Ivory Coast offshore blocks pending a rebound in crude prices, its general manager in the West African nation said on Tuesday. After spending around $1.5 billion on drilling new wells on its Espoir and Baobab fields in the last two years, CNR has raised its output from 18…
Ivory Coast Aims to Double O&G Output by 2020
Ivory Coast aims to roughly double oil and gas output by 2020 as it pushes for foreign investment in offshore exploration, the head of state oil and gas company Petroci said on Wednesday. While it has developed natural gas deposits for domestic consumption, French-speaking West Africa's largest economy has ignored its energy sector for decades as the government concentrated on developing agricultural exports.
InterMoor Appoints Bolatiwa as Nigeria GM
InterMoor, an Acteon company, has appointed Folabi Bolatiwa as general manager in Nigeria. Bolatiwa will be responsible for overseeing the company’s continued growth in the region. InterMoor provides integrated solutions that include the design, provision and installation of both temporary and permanent moorings, as well as customized foundation and subsea installation and recovery services.
Exxon Mobil to Drill Offshore Post-Ebola Liberia
Exxon Mobil Corp said it plans to start drilling in Liberia in what President Ellen Johnson Sirleaf said was a sign of economic recovery after the Ebola epidemic. The West African country produces no oil but has awarded a number of exploration blocs offshore, following the examples of Gulf of Guinea neighbours Ghana and Nigeria. Exxon Mobil intends to start drilling late 2016 or early 2017…
Next Wave of FLNG Projects on the Horizon
There will be significant growth in both investment and activity in the FLNG market over the next seven years, with Douglas-Westwood (DW) forecasting total expenditure of $58.3 billion in its new market report. Sixty-one percent of this spend is attributed to liquefaction infrastructure, with the remainder from import and regasification facilities.
Seacurus Launches South-East Asian Petro-Piracy Coverage
Specialist marine insurance intermediary Seacurus has launched a petro-piracy endorsement for ships operating in the South China Sea, Malacca Straits, Indonesian Archipelago and Gulf of Guinea. South-East Asia accounted for three-quarters of global maritime piracy last year, according to figures published by the International Maritime Bureau.
Ivory Coast Inks Deal With ExxonMobil
Ivory Coast has signed production sharing agreements with oil giant Exxon Mobil for two ultra-deepwater blocks in the Gulf of Guinea, the West African nation's oil minister said. The deal covers Ivory Coast's CI-602 and CI-603 blocks, which cover 3,874 and 5,543 square kilometres respectively and vary in depth from 3,000 to 4,000 metres.
Cameroon Signs $438 mln Oil Pipeline Partnership
Cameroon has signed an agreement worth some 230 billion CFA francs ($438 million) with a consortium and Houston-based Govind Development to build an oil pipeline from its petroleum hub Limbe to other cities, the energy ministry said on Tuesday. The 355 km (220 mile) pipeline will ease supply and bring down the cost of transporting petroleum products in the country, the ministry said.
Exxon Mobil, Ivory Coast Negotiate Oil Blocks
Ivory Coast is finalising production sharing agreements with oil company Exxon Mobil for two ultra-deepwater blocks in the Gulf of Guinea, a senior official with the country's energy ministry told Reuters on Friday. "It's with Exxon Mobil. We expect to finish discussions before the end of the year," said Ibrahima Diaby, director of hydrocarbons at the ministry…
Spike Seen in African Offshore Disputes, Oil Companies Watching
African maritime boundary disputes are expected to rise dramatically, potentially curbing exploration and creating uncertainty in ownership over tens of billions of barrels of oil, industry experts say. A lack of maritime boundary agreements, which has not kept pace as more oil companies moved offshore into deeper waters, has seen many…
Maritime Piracy: Attacks Down, SE Asia Remains Problematic
While the issue of maritime piracy has largely fallen from the public eye, with the rapid evolution of the 24/7/365 news cycle and a never-ending list of new and globally interesting headlines, such as Ebola, there remains concerns of piracy’s effects on the broader maritime market, particularly in SE Asia. According to the International…
