Angola News

05 Dec 2018

Damen's Financial Leasing for Vessels to South African Fishing Community

Pic: Damen Shipyards

Damen Shipyards Cape Town introduced "Africa Ship Leasing" fund - its new financial leasing system for ship building aimed at African shipowners - during the first Fishing Seminar, held in Cape Town.The Fishing Seminar was heralded a great success, with more than 60 participants attending from a broad cross-section of the industry, including the five major South African fishing companies, said a press release.Jeremy Marillier, Executive Director of FishSA, the representative of all the main industry associations in South Africa…

09 Nov 2018

Eni CEO Claudio Descalzi Meets Angola's president

The President of Angola João Gonçalves Lourenço meets Eni CEO Claudio Descalzi. Photo: ENI

Eni president Claudio Descalzi has met Angola's president Joao Goncalves Lourenco in Luanda to discuss the Italian energy giant's operations in the country.During the meeting with President João Lourenço, Claudio Descalzi said that they discussed the participation of the Italian multinational in the studies and exploration of crude oil and in other sector-related projects.ENI plans to spend billions of dollars in exploration and development of new offshore areas next year, he has informed.In the sidelines of the meeting…

07 Nov 2018

Damen to Present New Leasing Fund

Photo: Damen Shipyards

Damen will present its new vessel leasing fund, which is specifically designed for African shipowners, at the first Damen Fishing Seminar being held in Cape Town, South Africa on November 22.Damen Finance Manager, Francesco Verschuren, who will speak at the Seminar and is a specialist in financing in Africa, comments: “The new fund is particularly interesting for smaller, private fishing vessel owners. We are using our years of experience to support them with their vessel financing based on a leasing agreement.” Damen has delivered more than 1…

17 Oct 2018

Angola’s New Fishery Research Vessel Delivered

BaĂ­a Farta (Photo: Damen)

Damen Shipyards Galati has made provisional delivery of the 74-meter fishery research vessel Baía Farta to the Angolan Ministry of Fisheries. The vessel will remain in Galati until November, when she will set sail for Angola where the final delivery will take place.With a 1,600 km Atlantic coastline, the development of the domestic fishing industry is a priority of the Angolan government and it currently employs over 100,000 people in both commercial and artisanal fishing.The Baía Farta…

13 Aug 2018

Global FPSO Market to Exceed USD 115 bln by 2024.

Image: BW Offshore

Global FPSO Market is anticipated to witness growth of 19% and exceed USD 115 billion by 2024. Rising demand of hydrocarbons and increase drilling activities for exploration and production will drive the industry growth.Increase in the conversion of vessel to FPSO to augment the productivity and minimize the capital expenditure may complement the business growth, said a report from Global Market Insights.Converted FPSO market is witnessed to grow over 18%. Comparison with new built…

23 Jul 2018

Ocean Rig Announces New Contracts

Image: Ocean Rig UDW

The international contractor of offshore deepwater drilling services Ocean Rig UDW  has entered into a new drilling contract with Chariot Oil & Gas Limited for a one-well drilling program, for drilling offshore Namibia.The contract is expected to commence in direct continuation of the previously announced program with Tullow Namibia Limited in the third quarter of 2018 and will be performed by the Ocean Rig Poseidon.Ocean Rig has entered into a Letter of Intent (LOI) with a European Major Oil Company for a firm two-wells program plus two optional wells…

19 Jul 2018

GAC Angola Renews Ship Agency Deal with POSH Semco

POSH Champion carrying out supply duties in Mafumeira Oil Field, Angola (Photo: GAC Group)

Offshore marine services provider PACC Offshore Services Holdings Ltd. (POSH) has reaffirmed its working relationship with GAC Angola by renewing its ship agency contract for Soyo and Luanda and extending the agreement to include Cabinda.Under the deal, GAC now provides an integrated range of services for the POSH fleet at all Angolan ports, including crew handling, spares clearance and delivery, bunker fuels and inward/outward clearance of vessels.Kelvin Teo, POSH Director Offshore Supply Vessels…

29 Jun 2018

BP Long on Millions of Barrels of Crude off China

File Image: A loaded VLCC underway (CREDIT: EuroNav)

BP operates largest teapot marketing team among majors; four BP-chartered tankers have trouble unloading off China. Four supertankers chartered by energy major BP have been held up or delayed off China's east coast over the last two months, unable to fully discharge oil as slowing demand from the country's private refiners starts to impact global markets. Two of the four BP-chartered very large crude carriers (VLCCs) are still off Shandong province holding half their cargoes of Angolan crude oil…

11 Jun 2018

LNG Trade Grew 10% in 2017 -EIA

© Wojciech Wrzesien / Adobe Stock

Global liquefied natural gas (LNG) trade grew by 10 percent last year due primarily to growing liquefaction capacity in the Australia and the United States, the U.S. Energy Information Administration (EIA) said on Monday.LNG trade reached 38.2 billion cubic feet per day (bcfd) in 2017, up 3.5 bcfd from 2016 and the largest annual volume increase on record, the EIA said, citing the Annual Report on LNG trade by the International Association of Liquefied Natural Gas Importers (GIIGNL).New liquefaction export capacity commissioned in Australia…

01 Jun 2018

LNG Prices Climb on Limited Supply

© donvictori0 / Adobe Stock

Asian spot liquefied natural gas (LNG) prices rose this week to their highest since February as buying interest from China remained firm and as supply is expected to be limited during maintenance in August.Spot prices for July delivery in Asia were at $9.60 per million British thermal units (Btu) this week, gaining 40 cents from the previous week and are at the highest for this time of the year since 2014.Higher oil prices had been deterring some buyers from snapping up cargoes in the spot market in recent weeks but some of them may now need to cover their requirements promptly…

31 May 2018

Angola Protects Marine Environment

Photo: International Maritime Organization (IMO)

A national workshop on the treaty covering dumping of wastes at sea, the London Protocol, is being held in Luanda, Angola (30-31 May). The workshop is raising awareness among stakeholders on the practical aspects of effective implementation of the London Protocol to protect the marine environment from the dumping of harmful wastes at sea. With more light being shed on the dramatic impact of marine litter on coastal areas, this workshop is yet another example of how International Maritime Organization (IMO)  is tackling this problem.

28 May 2018

Total Launches Zinia 2 Development in Deep Offshore Block, Angola

Photo: Total

Total and its partners have taken the final investment decision to launch the Zinia 2 deep offshore development in Block 17, 150 kilometers offshore Angola. The Zinia 2 project will have a production capacity of 40,000 barrels per day (b/d), sustaining Pazflor field production, on stream since 2011. Zinia 2 is the first of several possible short-cycle developments on Block 17 that will unlock its full potential by connecting satellite reservoirs to the existing floating storage, production and offloading (FPSO) units. “Zinia 2 opens a new chapter in the history of Block 17.

15 May 2018

Angola LNG Ramps Up Exports ahead of Maintenance

(File photo: Angola LNG)

Angola's sole liquefied natural gas (LNG) project is stepping up exports of cargoes in the spot market ahead of maintenance, three industry sources said on Tuesday.The plant has issued several tenders in the spot market for LNG cargoes to load in May and June, the sources said.Angola's Soyo plant, which has a capacity of 5.2 million tonnes of LNG per year, will be undergoing a planned shutdown for maintenance in July, with production expected to resume in early August, a company spokeswoman said.The spokeswoman declined to comment on the plant's recent rise in exports…

08 Feb 2018

Texas Flood: U.S. Oil Pours into Global Markets

File Image (CREDIT: AdobeStock / (c) Jose Gill)

United States taking share from OPEC nations in Asia, Europe, as China’s biggest U.S. crude buyer to double imports. In the two years since Washington lifted a 40-year ban on oil exports, tankers filled with U.S. crude have landed in more than 30 countries, ranging from massive economies like China and India to tiny Togo. The repeal has unleashed a flood of U.S. shale oil, undercutting global crude prices, eroding the clout of the Organization of Petroleum Exporting Countries (OPEC) and seizing market share from many of its member countries.

09 Feb 2018

LNG Rebounds as Asian Buyers Replenish Inventory

file Image: A loaded LNG carrier transits the Med in a recent photo (CREDIT: Robert Murphy)

Interest for prompt spot cargoes still keen; demand could roll over to April. Asian spot liquefied natural gas (LNG) prices rebounded this week as persistently cold weather in North Asia forced buyers to enter the spot market to replenish inventory. Spot prices for March <LSG-AS> delivery in Asia climbed 40 cents to $10.60 per million British thermal units (mmBtu) this week, according to several LNG traders in Asia. Cargoes for delivery in the first half of March are trading between $10.70 and $11 per mmBtu while cargoes for the second half of the month are trading at just above $10 a barrel…

12 Feb 2018

BP, Kosmos Move Closer to Senegal and Mauritania Offshore Project

BP and Kosmos Energy have moved closer to approving development of the Tortue natural gas field offshore Mauritania and Senegal after the two West African countries agreed to split production from the cross-border field. Kosmos said on Monday it expected to make a final investment decision (FID) on the project in 2018, with first gas expected in 2021. BP had previously indicated it expected to reach an FID on the project towards the end of this year. The Greater Tortue Complex, which straddles the maritime boundaries of the two countries, is estimated to hold more than 25 trillion cubic feet of gas. The production is expected to be exported via a liquefied natural gas (LNG) facility.

13 Feb 2018

BIMCO: China Breaks New Ground… Again

© Igor Groshev / Adobe Stock

Chinese seaborne imports of iron ore, coal and crude oil have all grown strongly throughout 2017. Both seaborne imports of crude oil and iron ore have reached the highest levels ever recorded, while coal reached the highest level in three years. Imports of crude oil and coal have benefitted the shipping industry to the greatest extent as both volumes and distances have increased. China continues to ramp up its imports of iron ore with seaborne imports growing 4.7% in 2017 compared to 2016.

20 Feb 2018

Argentina Seeks 22 LNG Cargoes

File Image (CREDIT: AdobeStock / (c) Fotmart)

Argentina's state-run Enarsa launches tender to buy 22 liquefied natural gas (LNG) cargoes for delivery from May to August for delivery to its two import terminals, trade sources said. Enarsa seeks nine full-size cargoes for its Bahia Blanca terminal and 13 half-size deliveries to its river terminal at Escobar. Bids must be submitted on or before March 6 and pricing must be based on either U.S. Henry Hub or Brent crude oil. Escobar shipments cannot take tankers with a capacity of more than 90,000 cubic metres of LNG due to shallow water conditions.

01 Mar 2018

W. Africa Crude-Angolan Oil Trades on Spot

Nigerian crude sells into tenders, while Angolan trades more quickly on spot. * ExxonMobil had purchased two of the three Olombendo cargoes sold this week, traders said. * All three are likely to sail to the Mediterranean or the United States rather than China, the usual destination. * Angola's Sonangol sold its cargo of Dalia, which it had been offering at dated Brent minus 70 cents a barrel. The buyer was not clear, but traders said it was a western company rather than Asian. * Statoil had also sold a cargo of Angola's Saturno. * Sonangol was still offering another cargo of Dalia at dated Brent minus 70 cents a barrel and a cargo of Saxi at dated Brent plus 75 cents a barrel. * Nigerian crude cargoes Erha and Forcados were selling into tenders, but spot trade was limited.

26 Mar 2018

Abuja MOU to Enhance Shipping Standards in West, Central Africa

Dr. Dakuku Adol Peterside, NIMASA DG Photo courtesy NIMASA

In a bid to harmonize port state control inspection procedures that will lead to the elimination of substandard shipping in the West and Central Africa sub-region, the Abuja Memorandum of Understanding (MoU) will host its 3rd Ministerial Conference and 9th Port state Control Committee Meeting with the aim of developing a unified system of Port State Control inspection procedure for the region. The Memorandum of Understanding on Port State Control for West and Central African Region…

29 Mar 2018

Oil Backlog Off China Limits Prospects for Fresh Atlantic Basin Shipments

© cascoly2 / Adobe Stock

A backlog of crude cargoes has built up off the coast of China, limiting prospects for new shipments to the world's largest oil importer, trading and shipping sources said. The amount of oil floating in tankers off China has risen partly due to tax changes and an anti-pollution drive that have depressed oil demand from small, independent refiners, known as "teapots". Maintenance has curtailed run rates at others. This has combined with aggressive selling, particularly from West Africa, that pushed vessels to the region even when early warning signs showed crude demand could falter.

13 Apr 2018

Twin Disc Equips Seacor's New Crewboats

Photo: Seacor Marine

When cargo and crew need to get to an offshore platform fast, Seacor Marine delivers with its new Seacor Panther and Seacor Puma. Part of its CrewZer Class of state-of-the-art transport vessels, the 187' x 41' high-speed aluminum catamarans reach 40 kts—a dramatic speed improvement over traditional FSVs (fast support vessel). This blazing-fast speed is due to an innovative hull design, and high-performance Twin Disc QuickShift marine transmissions coupled with HamiltonJet waterjets.Built by Astilleros Armon shipyards in Burela…

25 Apr 2018

Fast Ferry Launched for Angolan Transport Ministry

Photo: Damen Shipyards

In a ceremony held at Damen Shipyards Singapore on April 19, His Excellency, Dr. Augusto da Silva Tomás, Minister of Transport for the Republic of Angola officially launched the new Damen Fast RoPax Ferry 4812 ordered by the Ministerio dos Transportes through IMPA (Instituto Marítimo e Portuário de Angola).The vessel will be operated by TMA Express (Transporte Marítimo de Angola) and operate on Angola’s Atlantic coastline between the capital Luanda and Cabinda, around 400 kilometers to the north, via Soyo.The Fast RoPax Ferry 4812 is the latest addition to Damen’s Fast RoPax Ferry range.

Maritime Reporter Magazine Cover Dec 2018 - Great Ships of 2018

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