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Angola News

01 Feb 2024

2024 a Milestone Year for Maritime Single Window

Source: IMO

2024 marks a milestone in the acceleration of digitalization in shipping that has been brought about by the mandatory requirements for a Maritime Single Window.The requirement under the Convention on Facilitation of International Maritime Traffic (FAL) requires governments to use a single digital platform or “Maritime Single Window” to share and exchange information with ships when they call at ports, from January 1, 2024. This streamlines procedures to clear the arrival, stay and departure of ships and greatly enhances the efficiency of shipping worldwide…

14 Jan 2024

2023 a Record Setting Year for Singapore

Source: Government of Singapore

Chee Hong Tat, Singapore’s Acting Minister for Transport, announced a record year in 2023 at a Singapore Maritime Foundation New Year Conversations event.The annual vessel arrival tonnage in the Port of Singapore crossed three billion gross tonnage (GT) for the first time, increasing by 9.4% over 2022 and setting a high of 3.09 billion GT in 2023. This reflects growth in all segments, including container ships, dry bulk carriers, liquid bulk and chemical tankers, ferries and specialised vessels…

29 Dec 2023

Esgian: New Contracts, Drilling Activities and Rig Moves Across the World

Borgland Dolphin drilling rig (Credit: Dolphin Drilling)

Esgian's last roundup of the year for the Week 52 puts spotlight on new developments for Dolphin Drilling semisub, Seadrill drillships, as well as Shell’s plans for Australia and ONGC’s new tender for jackups in India.ContractsDolphin Drilling has signed a Letter of Intent (LOI) with an undisclosed operator for the 1,500-ft semisubmersible Borgland Dolphin to undertake a 500-day drilling campaign in the UK. The drilling campaign is planned to begin directly after the firm part of the contract period with EnQuest, which was announced in late November 2023.

07 Dec 2023

Russia Pledges More Oil Data to Ship Trackers

© AUUSanAKUL+ / Adobe Stock

Russia has pledged to disclose more data about the volume of its fuel refining and exports after OPEC+ asked Moscow for more transparency on classified fuel shipments from the many export points across the vast country, sources at OPEC+ and ship-tracking firms told Reuters.Russia is the only member of OPEC+ which contributes to export cuts rather than production cuts as part of its participation in the group's agreement to curb supplies. Market analysts have struggled to verify…

05 Dec 2023

Drilling Roundup: New Contracts and New Carbon Storage Activity

West Vela courtesy of Seadrill

Esgian has published its Week 48 Rig Market Roundup highlighting that new contract awards were revealed for a Velesto Drilling jackup, two Seadrill drillships and a Dolphin Drilling semisub. Meanwhile, Wintershall Dea is planning to drill a new carbon storage well in Norway.ContractsMalaysia’s Velesto Drilling has agreed on an extension of a contract with Carigali Hess Operating Company for another year and six months.Seadrill has secured a short-term contract for 12,000ft drillship West Vela in the US Gulf of Mexico with QuarterNorth Energy…

25 Sep 2023

Maersk Supply Service's Vessel Bags Contract Extension for Angola Subsea Operations

Credit: Maersk Supply Service (File image)

Maersk Supply Service has secured a contract extension in Angola for its Subsea Support Vessel Maersk Involver for an additional 15 months.The Danish vessel owner said Monday that under the extended contract, the vessel and crew would support various subsea operations off the coast of Angola.

22 Jun 2023

Saudi Arabian Crude Oil Exports Fall 12%

“By agreeing to an additional voluntary production cut within OPEC (Organization of the Petroleum Exporting Countries) of 500,000 barrels per day in May and announcing a further independent production cut of 1,000,000 barrels per day in July, Saudi Arabia is aiming to reduce excess supply and support prices,” says Niels Rasmussen, Chief Shipping Analyst at BIMCO.According to the EIA (U.S. Energy Information Administration), Saudi Arabian oil production fell to 9.9 mbpd (million barrels per day) in May…

09 May 2023

U.S. Offshore Vessel Owner Harvey Gulf Welcomes Philip Luongo as Executive VP

Philip Luongo - Credit: Harvey Gulf

U.S.-based offshore vessel owner Harvey Gulf International Marine has said that Philip Luongo, a New York native and graduate of the United States Merchant Marine Academy, has joined the company. After graduating Kings Point, Luongo upgraded his Unlimited U.S. Coast Guard License by sailing on deep sea vessels and operating production platforms in the Gulf of Mexico. Luongo then transitioned shore side where he worked for BP for nine years, holding various leadership roles supporting the U.S Gulf of Mexico, Angola, Trinidad, Canada, and Brazil.

28 Feb 2023

Yinson Bags $5.3B Deal for its First FPSO Project in Angola

Illustration only - ©Ranimiro/AdobeStock

Malaysian company Yinson has secured a firm contract to provide and maintain an FPSO for Azule Energy, a BP-Eni joint venture, in Angola.The contract, awarded by Eni Angola, is for the provision of the FPSO for the  Agogo Integrated West Hub Development Project in Angola (“FPSO Agogo”).According to Yinson, the contract is worth about $5.3 billion in total and has a firm period of 15 years from the date of the final FPSO's acceptance. Azule Energy will have the option to extend for another five years. The FPSO Agogo is expected to start operations in the fourth quarter of 2025.

09 Dec 2022

Westwood: Record Levels of FPS Throughput Capacity to be Sanctioned in 2022

©Ranimiro/AdobeStock

As we enter the final month of 2022, a review of the floating production system (FPS) market revealed that some E&Ps have been bold with investments in the development of their oil and gas (O&G) reserves, with a total of 1.9 mmboepd (1.3 mmbpd of oil and 3.8 bcfd of gas) of FPS throughput capacity sanctioned year to date (YTD). This represents a 7% increase on 2021, with Westwood anticipating an additional 180 kboepd of FPS throughput capacity to be sanctioned before the end of the year.

14 Sep 2022

Italy Must Increase LNG Capacity in 2023, Eni CEO Says

Claudio Descalzi (Photo: Eni)

Italy must increase its liquefied natural gas (LNG) import capacity from next year, energy group Eni's chief executive said on Wednesday.Italy has already secured additional gas imports from Algeria and Norway to make up for a fall in supplies from Russia, but it needs additional LNG terminals to receive more fuel from several countries, Claudio Descalzi said at a business conference.Descalzi said the state-controlled group, which last year imported about 21 billion cubic meters (bcm) of gas from Russia out of a total of 29 bcm imported by Italy…

08 Aug 2022

EMAR Offshore Services Buys Two Fast Crew Suppliers for Oil & Gas Work in Angola

Credit: Damen

Dutch maritime services firm EMAR Offshore Services has bought two Damen Fast Crew Suppliers (FCS) 2206 for an undisclosed fee.The first vessel, named E-Six, has already begun operations in Angola, supporting the local oil and gas industry, and will be joined by the E-Seven shortly, Damen said.The 22-meter Damen FCS 2206 design features a 25m² cargo deck and the capacity to carry up to 42 personnel plus two crew at speeds of up to 32 knots.The vessels of this design have a range of up to 315nm at maximum speed in its standard configuration but…

28 Jul 2022

BP Reserves Yinson FPSO for Angola

BP has reserved Yinson's Nganhurra floating, production storage and offloading (FPSO) vessel for use on its proposed 10-well subsea Palas, Astrea and Juno oil fields (PAJ Project), on Block 31, offshore Angola.Under an agreement signed between BP and Yinson, Yinson will exclusively allocate FPSO Nganhurra to BP for the PAJ Project until 31 December 2022, with an extension option until 30 June 2023, while contract negotiations to convert, operate, maintain and lease the FPSO for the PAJ project are done. The lease and operate contract is anticipated to include a 10-year fixed term.

14 Jun 2022

West Africa Market Harbors Positive Potential for MODU Operators

Chart courtesy MSI

The region could be a key growth market for the oil and gas industry going forward, writes Joshua Belo-Osagie, Maritime Strategies International (MSI).Improving sentiment surrounds energy market prospects offshore West Africa, the positive mood underpinned by higher oil prices, reformed regulatory frameworks in key markets including Angola and Nigeria and the discovery of major prospects off the Ivory Coast and Namibia.In addition, the implications of Russia’s invasion of Ukraine have only reinforced some of these pre-existing dynamics…

25 May 2022

Maersk Supply Service Wins Offshore Services Deal with Exxon in Angola

Credit: Maersk Supply Service

Danish offshore vessel owner Maersk Supply Service said Wednesday it had won a long-term contract with ExxonMobil in Angola.The contract is for the provision of project management, engineering, and marine services in support of the development of offshore drilling and production operations offshore Angola in the Block 15.Maersk Supply Service subsea support vessel Maersk Forza will perform the offshore marine operations, including offshore field maintenance support, deep-water AHC precision lifting, and ROV operations for the installation of subsea and other marine equipment.

09 Mar 2022

'World's Largest OSV Fleet': Tidewater to Buy Swire Pacific Offshore

©evannovostro/AdobeStock

U.S.-based offshore support vessel owner Tidewater said Wednesday it had agreed to acquire Swire Pacific Offshore Holdings Limited (SPO), a subsidiary of Swire Pacific Limited for around $190 million. Tidewater said the transaction would create the industry’s largest fleet of offshore support vessels with 203 vessels in total, including crew boats, tug boats and maintenance vessels. "SPO’s fleet of 50 OSVs consists of 29 AHTS vessels and 21 PSVs; pro forma for the transaction…

10 Jan 2022

Rystad: FPSO Contracts in 2021 Hit Pre-Pandemic Levels. Ten New Orders Expected in 2022

Illustration - Credit: SBM Offshore

According to Rystad Energy research, the market for floating production, storage, and offloading (FPSO) units almost brushed off the pandemic's effect in 2021, driven mostly by Brazil demand, and is predicted to continue apace in 2022, with 10 new awards expected.Two lease contracts were awarded in the fourth quarter of 2021, bringing the total for the year to 10 – up from just three in 2020 – a strong rebound for the FPSO market.Per Rystad, demand for FPSO units in Brazil was a significant contributing factor that drove 2021 growth…

11 Oct 2021

Euronav Suezmax Completes Biofuel Trial

(Photo: Euronav)

Belgian shipowner Euronav said it has tested a biofuel blend marine fuel for its Suezmax tanker Statia in an effort to test the operational readiness and emissions reduction potential of biofuels.The 2006-built, 150,205 dwt vessel took on board 1,502 MT of a BP-manufactured B30 biodiesel blend in the Port of Rotterdam, where there is a government incentive in place to allow for cost effective blending of biofuels into marine fuels (Incentive Scheme for Climate-Friendly Shipping).The biofuel is composed of 30% advanced carbon neutral biofuel mixed with 70% of a conventional VLSFO bunker fuel.

22 Sep 2021

China's First Carbon-neutral Oil Cargo Certified

Illustration only - Credit:oranhall

China's refining giant Sinopec Corp said on Wednesday it has jointly certified the country's first carbon-neutral crude oil cargo with shipping giant Cosco Shipping and China Eastern Airlines.The 30,000-tonne cargo was produced by Sinopec in Angola and shipped by Cosco Shipping to an east China-based Sinopec refinery for processing, Sinopec said.To offset the carbon dioxide produced during the process from crude production to shipping to consumption by vehicles and airplanes, the three state firms bought Chinese Certified Emissions Reductions credits.These credits will go to investing in carbo

24 Aug 2021

Maersk Supply Service Nets One-year Vessel Charter Extension in Angola

Danish offshore vessel operator Maersk Supply Service has secured a one-year contract extension for one of its subsea support vessels in Angola.In a social media post on Monday, Maersk Supply Service said it would provide the full scope IRM services for an undisclosed oil major in Angola, supported by one of the company's I-class subsea support vessels.In addition, the contract covers an integrated package of FSV, 2 WROV + Positioning Services as well as project management and engineering services.Osvaldo Sechie, Managing Director, Angola said the contract win gave the company an extended footprint in Angola, a longer-term contract with a valued customer, and ability to continue with the company's local content development plan through its  Cadets program.

20 Aug 2021

DOF Subsea Nets Contract Extension in Africa

Oslo-listed offshore vessel operator DOF Subsea has secured a 6-month extension to a contract in Africa.The company said that the project, with an unnamed client and at an undisclosed location, would continue using the Skandi Seven throughout the extended duration.The vessel is used for integrated FSV services, project management, engineering, procurement, and logistical services within deep-water construction and maintenance of existing subsea infrastructure.While DOF was tight-lipped on further details, MarineTraffic.com AIS data on Skandi Seven show the vessel has recently left Luanda, Angola, en route to "EAST HUB, BLOCK 15."  East Hub development is an area offshore Angola, operated by Eni.

23 Oct 2023

Transocean Sees Multiple Offshore Rig Deals Awarded, One Terminated in Q2

Offshore drilling contractor Transocean on Wednesday released its quarterly offshore drilling rig fleet status report, which shows one contract terminated in Norway, and several new deals secured Norway, U.S. Gulf, Brazil, Angola, Brunei, and, possibly, Myanmar. The rig owner's total backlog is now around $7.3 billion.While some of the contracts were already announced as they were coming in during the quarter, Transocean shared some new information, too.It said Thursday that the Hungarian oil firm MOL had in July terminated the Transocean Barents semi-sub drilling contract for convenience. The drilling rig was supposed to stay with MOL between May and December 2021…

05 Jul 2021

FPSO Demand Booming: 10 Units Expected to Be Ordered in 2022

Illustration - Image by Igor Kardasov/AdobeStock

More FPSO contracts were awarded in the second quarter of 2021 than during the whole of 2020, with Rystad Energy expecting FPSO awards to reach a total of 10 units in 2021. Rystad has also noted muted interest from suppliers for some recent FPSO tenders, citing a nearly full capacity with several suppliers unable to take on new projects.Further, Rystad sees another 10 FPSO orders in 2022, which will, according to the Norwegian energy intelligence group, create "a very healthy project line-up for contractors…

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