Mitsui, JOGMEC join Arctic LNG-2
Japanese trading house Mitsui & Co and state-owned Japan Oil, Gas and Metals National Corporation (JOGMEC) have signed a sales and purchase agreement with Russia’s Novatek for a 10% participation interest in the Arctic LNG 2 project.The share will be acquired through the Dutch Company, Japan Arctic LNG B.V., in which Mitsui has invested jointly with JOGMEC. The equity ratio of JOGMEC and Mitsui will be set at 75 percent and 25 percent respectively.The project will develop natural…
FuelTrax 'Vision' for SPO
Swire has installed FuelTrax Vision, a new onboard surveillance system.Swire Pacific Offshore, a marine services conglomerate and a leading service provider to the offshore oil and gas industry currently operates six vessels with FuelTrax on board, two of which have been installed with the latest FuelTrax Vision technology. The two FuelTrax Vision systems have been preforming without disruption since December 2018.FuelTrax is designed to be a smart, self-contained, marine fuel management solution…
West Africa to Promote Electronic Data Exchange for Vessels
Ships and ports will need to be able to exchange arrival and departure data electronically from April 2019, under International Maritime Organization (IMO)'s Facilitation Convention said a press note.There requirements also encourage the use of a single window in which all the many agencies and authorities involved exchange data via a single point of contact. Training in the treaty requirements took place during national seminars in Malabo, Equatorial Guinea (13-15 November) and in Nouakchott, Mauritania (20-22 November).
Adriatic LNG Receives 600th Cargo
Adriatic LNG, the company which operates the regasification terminal located off the Veneto coastline, announces the arrival of the 600th carrier, the Al Jassasiya. The carrier left Ras Laffan Port in Qatar, delivering a cargo of about 140,000 cubic meters of liquefied natural gas (LNG), equivalent to nearly 85 million cubic meters of gas. The event was celebrated on the terminal with a brief ceremony that involved the vessel's personnel and Adriatic LNG's staff, including the Operations Manager Fabian Erle, who delivered a recognition to Georgios Pissaris, the Captain of the Al Jassasiya.
Hess Corp Sells Offshore Equatorial Guinea Assets
Hess Corporation has entered into an agreement to sell its interests in offshore Equatorial Guinea to Kosmos Energy and Trident Energy for a total consideration of $650 million, effective January 1, 2017. “This sale is a further step in our strategy to focus our portfolio by investing in higher return assets and divesting more mature, higher cost assets,” CEO John Hess said. “Proceeds from asset sales, along with cash on our balance sheet, are expected to fund the development of our truly world class investment opportunity offshore Guyana.
Historic Vessel Sets out on its Final Journey
German flag containership the Northern Monument set course for Algeciras, Spain under the Verrazano Bridge with a very special cargo on board. Inside one of the ship's 40' dry box containers is the historic rowing vessel Spirit of Malabo, which was used for a transatlantic row that started from Las Palmas, Canary Islands and ended at New York's Brooklyn Bridge. The rowing vessel will soon call Museum Modern Art Equatorial Guinea home, where she will be on permanent display. Equatorial…
CMA CGM Improves Canada to West Africa Service
CMA CGM announced a significant improvement of its product from Montreal, Canada to Africa West Coast strategic markets. Starting May 6th, 2017 with the opening of the new service Med Canada, CMA CGM will connect Montreal cargo to West Africa with our 6 EURAF services via the hub of Tangiers. Transit times will be shortened up to 12 days. Apapa will be reached in 25 days Angola, Congo, the Democratic Republic of Congo on EURAF 5 and Gabon, Equatorial Guinea on EURAF 4 will continue to be connected on St Laurent service.
Harris Pye to the Rescue for Damaged Hull Repair
Timing is all-important when repairs to a busy drillship are the order of the day. When Pacific International Drilling West Africa’s (PIDWAL) drillship Pacific Bora suffered damage to the starboard aft hull off the coast of Nigeria, PIDWAL called for assistance from the Harris Pye Engineering Group. The repair was successfully evaluated; all necessary specialists and labor, steel, tools and equipment were mobilized; and the repair was made, installed, painted and tested in less than two weeks of the Harris Pye team boarding the Pacific Bora (“PBA”).
CMA CGM to Upgrade its EURAF Services
In a continued effort to provide increased reliability and quality service in a challenging environment, CMA CGM Group is strengthening its coverage of Europe to West Africa with the addition of the direct call in Cameroon on its EURAF 5 service and the EURAF 4 service upgrade connecting Europe to West Africa strategic markets. Direct service from North Europe to Douala with a fortnightly frequency combined with a shortened transit time by 7 days. Therefore, it is one of the best transit time on the market with Douala from Antwerp in 28 days and from Le Havre in 29 days.
Pirates Switch to Kidnapping Crew as Oil Fetches Less
Pirate gangs in West Africa are switching to kidnapping sailors and demanding ransom rather than stealing oil cargoes as low oil prices have made crude harder to sell and less profitable, shipping officials said on Tuesday. Attacks in the Gulf of Guinea - a significant source of oil, cocoa and metals for world markets - have become less frequent partly due to improved patrolling but also to lower oil prices, according to an annual report from the U.S. foundation Oceans Beyond Piracy (OBP), which is backed by the shipping industry.
Turkish Crew Freed Two Weeks after Kidnap by Pirates off Nigeria
Six Turkish members of a cargo ship's crew who were kidnapped by pirates off the coast of Nigeria two weeks ago have been released and are safely back in Istanbul, a lawyer for the shipping company said on Tuesday. "The six of them have been released and are back in Istanbul. All are in good health," said Fehmi Ulgener, a lawyer for the shipping firm Kaptanoglu Denizcilik. He declined to say whether or not a ransom had been paid. The Turks, who included the M/T Puli's captain, chief officer and chief engineer, were abducted some 90 miles off Nigeria on April 11.
Pirates Kidnap Six Crew from Tanker off Nigeria
Six Turkish members of a cargo ship's crew have been kidnapped by pirates off the coast of Nigeria, a spokesman for the Nigerian navy said on Monday. The crew members of the merchant tanker M/T Puli were abducted some 90 miles from the coast at around 1:30 a.m. (0130 GMT) on Monday, navy spokesman Chris Ezekobe said. "Six crew members were abducted. They included the captain, the chief officer and chief engineer," Ezekobe said. The spokesman said the navy was going to board the vessel to speak to other crew members.
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. The company has worked in West Africa for more than 10 years, and has bases in Luanda and Malongo in Angola.
Schlumberger to Buy Stake in Fortuna LNG
Oilfield services giant Schlumberger is entering Ophir Energy’s Fortune floating liquefied natural gas (LNG) project off Equatorial Guinea after agreeing a preliminary deal with the UK player for a stake in the development. The non-binding agreement has Schlumberger receiving a 40-percent interest in the project, with a permanent deal expected in Q2 2016. The services provider plans to reimburse 50 percent of Ophir’s past costs through a development carried interest. It is expected to cover the company’s capital expenditure on the project until the first sales of LNG.
Brazil Prosecutors Charge 12 in SBM Offshore Graft Scheme
Brazilian prosecutors on Thursday charged 12 people with a bribery scheme involving Dutch firm SBM Offshore NV, the world's top leaser of oil production ships, and state oil firm Petroleo Brasileiro SA . Police said they had four arrest orders as part of the scheme, dubbed "Operation Black Blood," though two of them involved suspects already in jail in the southern city of Curitiba, the epicenter of a broader investigation into price fixing and bribery on Petrobras contracts with engineering firms.
Ophir Energy signs up LNG buyers for Fortuna
Ophir Energy has signed a preliminary agreement to sell gas from its Fortuna floating liquefied natural gas (FLNG ) project in west Africa. All the six counterparties are established LNG buyers in European and Asian markets. The oil and gas explorer’s announcement that it had found six buyers for the gas shored up confidence in the project, which comes amid weak LNG prices, sluggish demand and rising global output. The cost of the Fortuna project off the coast of Equatorial Guinea has already been slashed from $800 million to $600 million.
Brazil Gives SBM Ultimatum in $250M Bribery Settlement
Brazil has told Dutch SBM Offshore NV, the world's top oil production ship leaser, to agree soon to a $250 million bribery settlement if it wants to regain its biggest client in the world's largest oilship market, a government source told Reuters. The ultimatum gives SBM several days to sign a leniency deal that includes financial reparation and other clauses such as cooperation with a corruption investigation. The settlement, which has been under negotiation for months, would lift a ban on the Amsterdam-based firm from bidding for new business with Petrobras, Brazil's state-run oil company.
Golar Mulls Third FLNG deal
Golar LNG has signed a binding Heads of Terms with Ophir Energy Plc for the provision of the GoFLNG vessel Gimi. Golar has started discussions with partners Keppel and Black & Veatch aimed at exercising an option, under an existing framework agreement, for the ordering of a third GoFLNG unit similar to the Hilli and the Gimi. The vessel will replace the previously announced floating liquefaction storage and offloading (FLSO) that would have been supplied by Houston-based Excelerate Energy.
InterMoor Names Guidry Manager for West Africa
InterMoor has appointed Cohen Guidry regional manager, West Africa, the company announced on Thursday. Guidry, who is taking over InterMoor’s lead West Africa management role, will report to InterMoor Global President Tom Fulton. Guidry joined InterMoor in 2006 as HSE manager and has more than 20 years of experience in the offshore oil and gas industry in quality, health, safety and security roles. He served as InterMoor’s West Africa operations manager and grew the business in Nigeria, Ghana and Angola, and coordinated mobile offshore drilling units (MODU) for mooring systems installations.
US Rower Picks Up His Oars, Again
Victor Mooney has announced that he'll continue his transatlantic row in tribute for his brother who died of AIDS in 1983 and to encourage voluntary HIV testing. Mooney was robbed while heading home late last year after rowing across the Atlantic Ocean. "The partnership between US, Equatorial Guinea and Haiti proved great dividends. It's an honor to say "that working together, dreams do happen". "For our mission, we are a step closer to reaching an AIDS free generation. And another thumbs up to Globecomm, who once again kept me connected with my family and partners for this mission.
Hutton's W.Africa Customers Gain Tax Free Bonus
Hutton’s customers in West Africa will receive up to a 50% tax saving. The international ship supply group has completed its company formation customs approval in Luba Freeport, Equatorial Guinea, which makes Hutton’s Remote Site Services, part of the Hutton’s Group, the only tax-free ship’s chandler in the region. Hutton’s Duty Free operation is now operational and will mean up to a 50% tax saving for vessels operating in the area. Luba Freeport is located on the island of Bioco, allowing it to service the offshore market in Nigeria and Cameroon.
SBM Offshore Cutting 1,200 Jobs Worldwide
Dutch oil platform leasing company SBM Offshore is cutting 1,200 jobs, or slightly more than 11 percent of its global workforce, as part of a cost-saving programme. The company, which settled a bribery case with Dutch prosecutors for a record $200 million payment last month, said on Thursday half of the jobs involved contractors and the rest permanent staff. The cuts will be made in all five regions in which the company operates, a spokeswoman said. "Although we regret losing some of our colleagues…
SBM Offshore Reaches Out-of-court Settlement
SBM Offshore today reached an out-of-court settlement ex Article 74 of the Dutch Criminal Code with the Dutch Public Prosecutor's Office (Openbaar Ministerie) over the inquiry into alleged improper payments. Furthermore, the United States Department of Justice has informed SBM Offshore that it is not prosecuting the Company and has closed its inquiry into the matter. The settlement with the Openbaar Ministerie and the United States Department of Justice's decision relate to payments to sales agents in Equatorial Guinea, Angola and Brazil in the period from 2007 through 2011.
ITIC Measures against Ebola
The International Transport Intermediaries Club (ITIC) has issued the following general advice related to the outbreak of Ebola. Vessels that have recently called in an affected country should contact their local agents prior to arrival at the next ports of call for the latest country specific advice regarding measures taken to avoid the spread of Ebola. ARGENTINA: Pilot companies rendering pilotage services in the River Plate have decided that their pilots will not board any vessel coming from the infected areas (Guinea…
Piracy Offshore Africa: Securing a Continent
The late Nelson Mandela once said: “I dream of an Africa which is in peace with itself.” At the EU-Africa summit in Brussels last month, European leaders urged their African counterparts to facilitate that dream by shouldering more of the security burden in their countries, both onshore and offshore. The summit coincided with reports of renewed piracy activity in the Gulf of Aden; ongoing attacks on shipping in the Gulf of Guinea, and explosions and mass arrests in Kenya, all serving to underline the scale of that challenge.
US Conditions of Entry for Vessels from Nigeria
The U.S. Coast Guard (USCG) has announced that it will impose conditions of entry on vessels arriving from the Federal Republic of Nigeria (excluding vessels arriving from certain ports) with effect from June 26, GAC reported in its daily Hot Port News Report. The USCG is authorised to impose conditions of entry on vessels arriving in U.S. waters from ports that it has not found to maintain effective antiterrorism measures. Ports in the Federal Republic of Nigeria were found to not be maintaining effective anti-terrorism measures, with certain exceptions.