Harvey CEO Acquires Harvey’s Interest in QLNG
Shane Guidry, CEO of Harvey Gulf International Marine, has announced he has purchased Harvey’s 30 percent ownership in Quality Liquefied Natural Gas Transport (QLNG). The CEO previously owned 70 percent of QLNG with Harvey and now controls 100 percent.In connection with the announcement, Mr. Guidry commented: “QLNG didn’t quite fit into Harvey’s core business and future. At Harvey, we are focused on growing globally, which we’ve done over the last 12 months. Today, we have vessels working in Mexico, Trinidad, Peru, Guyana, Suriname, USA and Nigeria.
India: 20 Kidnapped from Tanker off West Africa
India's foreign ministry said on Monday that 20 of its nationals had been kidnapped from an oil tanker in West African waters."Our Mission in Abuja has taken up the matter with the Nigerian authorities, as also with the authorities of the neighbouring countries," the ministry said in a statement.It said the vessel was the Marshall Islands-flagged DUKE.The ship's operator Union Maritime wrote on its website that the craft was "attacked and boarded" while carrying fuel oil to the Togolese capital Lome from Angola and that the company was working with relevant authorities to resolve the incident.
Bourbon Mobility Adds Onboard Entertainment
Offshore passenger transportation provider Bourbon Mobility has partnered with Moment to provide an entertainment offer on board its vessels.In an effort to enhance its transport service of staff to oil platforms in West Africa, Bourbon Mobility has opted to have its fleet of Surfers outfitted with portable streaming servers, which enables passengers to access movies, documentaries and games on their mobile devices throughout their journey. So far 15 vessels have been equipped with the Moment digital entertainment solution.Aboard Bourbon Mobility’s ships…
DP World, Namibia's Nara Namib Sign MoU
Dubai based logistics giant DP World has signed a memorandum of understanding (MoU) to develop a free economic zone for industry and logistics in Namibia.The port operator said the agreement with Namibia’s Nara Namib Free Economic Industrial Zone will support the growth of Namibia as a regional hub for southern Africa.The development will help Namibia grow as a center for industrial operations and logistics, creating opportunities and jobs across multiple sectors including agriculture…
Monjasa Expands to Angola
Danish bunker company Monjasa announced the opening of its first office in Luanda, Angola, to support the West Africa oil and shipping activities.Monjasa started supplying bunkers across West Africa in 2009 and since then, it has delivered a total of 10.6 million tonnes of fuel products across the region from the Gulf of Guinea to Namibia."Monjasa is currently enabling the IMO 2020 transition by making new low-sulfur marine fuel available across the region. Today, Monjasa is the leading supplier in West Africa measured on volume and a fleet of 10 tankers deployed in the region…
Namdock wins Angolan Navy Maintenance Contract
In September 2019, in a milestone agreement, Namdock concluded a contract to maintain and repair the vessels of the Marinha de Guerra Angolana (MGA), the Angolan Navy.According to Namdock’s Commercial and Operations Manager, Willie Esterhuyse, although the contract has been concluded, the exact date when the vessels will be arriving in Walvis Bay has not been finalized, it is anticipated that this will be early in 2020.In terms of this agreement, Namdock will take two Angolan Navy vessels into its dry docks initially.
West Africa Crude-Freight Rates Ease
Freight rates to Europe and Asia have continued to ease, albeit at a less rapid rate than during the middle of the month, boosting price offerings for West African grades, traders said on Monday. Rates for VLCCs from Nigeria's Bonny Light terminal to Singapore settled at $3.25 a barrel on Friday from highs just below $10 two weeks earlier, according to Refinitiv data, while for Rotterdam they eased to $2.72 from a high above $5.Rates for key Angolan grade Girassol aboard a VLCC bound for China plunged to $3.84 a barrel from highs of $11.39.
Brazil to Lead in Global FPSO Deployments
Brazil continues to drive global floating production storage and offloading vessels (FPSOs) deployment with 21 planned and announced FPSOs during the period 2019 to 2025, according to GlobalData.Brazil is expected to deploy a total of 11 planned and ten announced FPSOs by 2025. The crude oil production capacity of these upcoming FPSOs is expected to be 2.5 million barrels per day (mmbd) during the outlook period. In Brazil, FPSOs are being deployed to develop hydrocarbons in the Santos and Campos basins.Brazilian state-controlled oil…
PGS Releases 3D GeoStreamer Survey Data
Norwegian seismic services provider Petroleum Geo-Services (PGS) said that beam migrated data is now available for viewing on its latest 3D GeoStreamer seismic survey over Angola blocks for the 2021 bid round.Modern imaging will unlock links between onshore and offshore presalt and postsalt plays.“Our initial coverage of shallow blocks six to eight will allow interested E&P companies a head start on de-risking prospectivity of the area ahead of bid submissions in 2021”, says Christine Roche…
U.S. Sanctions Deal Blow to LSFO for 'IMO 2020'
Highly sought after types of oil best suited to making cleaner shipping fuel are suddenly finding they are a tougher sell for thirsty East Asian markets, traders say, in an unintended consequence of U.S. sanctions on a Chinese shipping fleet.With just over two months until environmental rules are set to mandate the biggest changes to ship power in over a century, certain rare types of West African oil have soared in value but have had to be marked down due to the higher costs of transport.The United States imposed sanctions on units of China's COSCO on Sept.
E. Africa Focus on Marine Environ Protection
International Maritime Organization (IMO) has been working with southern and eastern African countries to help implement marine environment protection measures contained in one of the organization’s flagship treaties – MARPOL.A workshop held in Mombasa, Kenya (17-19) gathered participants from 12 countries to focus on MARPOL Annexes I to V, and in particular the regulations covering garbage discharge from ships and adequacy of port reception facilities. The participating countries were - Angola…
ION Wins 2D Multi-Client Gig Offshore West Africa
ION Geophysical Corporation, a technology focused company that provides geophysical technology, services and solutions to the global oil and gas industry, announced a new 2D multi-client program offshore West Africa.The industry-supported NamibeSPAN program covers the under-explored Namibe basin offshore southern Angola. The dataset integrates ION BasinSPAN programs in the area, forming a contiguous regional exploration framework in excess of 65,000 km along the West African coast. The program is the conjugate tie with offshore Brazil.
FLNG Project Count Hits 20
Finance — or at least project economics based on long-term commodity prices — appear to be factors limiting a surge in investments in floating liquefied natural gas (FLNG) a new study by U.S.-based numbers cruncher, World Energy Reports, revealed Monday.Among a growing count of floating producers in the planning stage, some are destined to become FLNG, increasingly the go-to solution discussed for producing stranded or remote gas. WER’s report writers detail the status of known…
Privinvest’s Deliveries to Mozambique: A Model for Africa
Media reports about Mozambique’s failure to launch a fishing and security fleet and its subsequent $2 billion debt default seem destined to torpedo, or at least set back similar efforts to build needed coastal security and national fishing fleets across Africa. That must not happen.The systems and equipment Mozambique bought a few years ago from shipbuilder Privinvest could serve as a template for coastal African nations seeking to rightfully benefit from their natural resources…
Sea Shepherd, Namibia Fight Fisheries Crime
The Namibian Ministry of Fisheries and Marine Resources (MFMR) compliance officials and Sea Shepherd, onboard the Ocean Warrior, have jointly carried out successful surveillance activities in Namibia`s Exclusive Economic Zone (EEZ), effectively causing illegal factory trawlers to abandon the Skeleton Coast.The main objective of these joint patrols was to tackle Illegal, Unreported and Unregulated (IUU) fishing in Namibian waters. These initiatives assisted the MFMR and other Namibian…
Harvey Gulf Wins Work in Nigeria
US based Harvey Gulf announced on Tuesday that it has signed a pair of one-year charters in Nigeria, for the placement of two US-flag 3250DWT DPS-2 platform supply vessels (PSV). Both PSVs are capable of working in shallow water ports with 4.5 meters of transit depth and will depart for Nigeria in late June.The company said it also expects to send two 1,000-square-meter deck vessels to the area in the third quarter.CEO Shane Guidry commented, “We are continuing with our commitment to our shareholders of doing all we can to continue to generate positive EBITDA and cash flow…
BHGE Launches Multimodal Facility in Angola
Baker Hughes, a GE company (BHGE) announced the inauguration of its multimodal facility (MMF) for oil and gas in Luanda, Angola.The facility, with its additional capabilities across multiple product lines, will deliver a suite of products and services across the oil and gas value chain. It will serve as a hub to support customers and projects in Angola and Southern Africa region, and will also serve customers on a global scale.The strategic location for this multipurpose facility puts BHGE in close proximity to serve important projects in the region.
Record Number of VLCC Liftings at LOOP
Medium-sour crudes from the U.S. Gulf of Mexico are being snapped up by overseas buyers, paving way for a record six supertankers to load at the Louisiana Offshore Oil Port (LOOP) in a matter of weeks, according to people familiar with the matter.The six scheduled loadings in late May and early June would double the record of Very Large Crude Carriers (VLCCs) reached in December. An unusual influx of Gulf of Mexico crudes to the U.S. deepwater export port and weakening prices are contributing to the exports…
Total Takes Over Toshiba's U.S. LNG Biz
French energy giant Total takes over the liquefied natural gas business of Japanese outfit Toshiba's Freeport LNG train tolling agreement and gains $800 million.The French oil and gas company will is paying $15 million for the shares in the Texan assets, the firms said. Toshiba will also pay Total $815 million to take over all the contracts linked to the business, Total added."It includes a 20-year tolling agreement for 2.2 million tonnes per annum (Mtpa) of LNG from Freeport LNG train 3 in Texas and the corresponding gas transportation agreements on the pipelines feeding the terminal.
Seadrill Contract Backlog Reaches $1.9bln
The deepwater drilling contractor Seadrill said that its contract backlog, as of May 23, 2019, totaled approximately $1.9 billion.The drilling services provider said it has added $130 million of additional backlog from March, including the AOD I award of a three year follow on contract with Saudi Aramco keeping the unit employed until June 2022, which adds approximately $82 million in backlog.In addition, Equinor exercised two options for the West Hercules in Norway adding approximately $17 million in backlog.
Oil & Gas Discoveries on the Rise in 2029
Oil and gas exploration is off to a flying start in 2019, with majors taking a bigger bite of the conventional resources discovered in the first quarter, according to Rystad Energy.Global discoveries of conventional resources in the first quarter reached a robust 3.2 billion barrels of oil equivalent (boe). Most of the gains were recorded in February, posting 2.2 billion barrels of discovered resources – the best monthly tally on record since August 2015.“If the rest of 2019 continues at a similar pace…
Guanghui Signs 10-year LNG SPA with Total
France’s Total and Guanghui Energy, a China-based company, principally engaged in the natural gas and coal business, have signed a long-term sale and purchase agreement (SPA) for the supply of 0.7 million tonnes per year of liquefied natural gas (LNG) for a period of 10 years.According to Total, the gas will be delivered to Guanghui’s regasification terminal in Qidong, Jiangsu Province, from Total’s global LNG portfolio.“We are delighted to start a long-term relationship with Guanghui, an increasingly successful LNG market player in China with clear ambitions for growth.
Harvey Gulf Branches Out Internationally
Since committing to go global in September 2018, US based Harvey Gulf said on Thursday it has been awarded contracts in Mexico, Trinidad, Guyana and Suriname.The company noted it also has bids for work in Mozambique, Angola, Senegal, Israel, Ghana and Nigeria.Harvey Gulf, which completed a financial restructuring and emerged from Chapter 11 Bankruptcy proceedings in 2018, said it will continue to look for merger opportunities as they present themselves.