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Cabinda News

19 Nov 2020

Global Crude Market Finds Support From China Demand

© momentscatcher / Adobe Stock

China, the global oil market's lifeline this year, has stepped up purchases from exporters like Russia, the United States and Angola in recent weeks, while buyers elsewhere pare orders as coronavirus infections surge and fresh lockdowns are put in place.China, the world's largest importer of crude, is the only major buyer expected to see increased oil demand this year as the pandemic destroyed consumption globally.With China's imports expected to reach 12 million barrels per day (bpd) next year…

24 Oct 2019

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, natural gas and energy giant Petroleo Brasileiro (Petrobras) is expected to deploy six planned and nine announced FPSOs by 2025.

11 Oct 2019

U.S. Sanctions Deal Blow to LSFO for 'IMO 2020'

file image (credit: AdobeStock / © dbvirago

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.

07 Oct 2019

W. Africa Crude-Buyers Wary as Freight Rates Weigh

AdobeStock / © Jose Gill

Sellers returned to the window on Monday to entice buyers spooked by high freight rates due to Washington's sanctions on subsidiaries of a major Chinese shipping firm at the end of September.Long-haul rates to Asia have risen sharply prompting refiners to shed some cargoes.China's Unipec offered four cargoes in the window for a third session all November loading on a fob basis. These were Angolan Saturno at dated Brent plus 35 cents, Dalia at dated Brent plus $1.90, Mostarda at…

30 May 2019

First ANS Cargo in One Year on Way to China

One million barrels of Alaskan crude is due in China next week, the first such shipment in almost a year, according to data from Refinitiv Eikon and vessel-tracking firm Kpler.China's imports of U.S. crude have fallen amid the two countries' trade dispute to 41,600 barrels per day (bpd) in the six months ended February, from 377,000 bpd in the first half of 2018, according to the U.S. Energy Information Administration.Tanker Sonangol Cabinda departed last week from Alaska's Valdez terminal carrying Alaska North Slope (ANS) crude and is projected to arrive June 6 in Qingdao, a hub of independent refiners in east China, the data showed.It could not be immediately learned who sold the crude.

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…

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.

14 Feb 2017

W. Africa Crude-Asian Tenders, Pending Export Plans Slow Trade

Physical trading in West Africa was muted as the market awaited tender results and the April-loading Angolan crude oil export plan. * The benchmark oil prices on which West Africa crude oil trades retraced some of Monday's losses as confidence in OPEC's cut plan rose. * Nigerian oil minister Emmanuel Ibe Kachikwu said the country lost up to $100 billion in oil revenues last year due to militant attacks. The vice president travelled to the oil-producing Delta this week to further talks with militants. * Oil majors Royal Dutch Shell and ENI have asked a Nigerian court to lift a temporary forfeiture of a long-disputed oilfield, a copy of the court documents filed by the two firms showed. * Tenders from India, and scattered demand on the U.S.

21 Apr 2016

This Day In Naval History: April 21

Cover of the Commissioning program, April 21 2001 at Tampa, Fla.

1861 - Sloop-of-War Saratoga, commanded by Alfred Taylor, captures Nightingale, a clipper slaver, at the mouth of the Congo River at Cabinda, Angola, with 961 slaves on board. 1898 - President William McKinley orders the Navy to begin a blockade of Cuba and Spain, the beginning of the Spanish-American War. Congress responds with a formal declaration of war April 25, made retroactive to the start of the blockade. 1914 - President Woodrow Wilson orders intervention at Vera Cruz, Mexico, after the Tampico Affair where Sailors from USS Dolphin were detained. The U.S.

26 Feb 2016

NileDutch Upgrades the Europe-West Africa Trade

Photo: NileDutch

Starting in March, NileDutch, the container carrier specialized in connections to and from West Africa, will upgrade its services from Europe to West Africa by operating two loops. Antwerp - Le Havre - Leixoes by rail to Lisbon - Lisbon - Algeciras - Tanger - Pointe Noire - Luanda - Lobito - Namibe - Abidjan - Tanger - Antwerp. A new service to Dakar and Abidjan will provide extra loading ports. Dunkerque - Tilbury - Antwerp - Dunkerque - Le Havre - Montoir - Tanger - Algeciras - Dakar - Abidjan - Dakar - Algeciras - Dunkerque.

19 Jan 2016

NileDutch Launches US East Coast to West Africa Service

Photo: NileDutch

NileDutch, the container carrier specializing in West Africa, is setto introduce a new service to link the East Coast of the U.S. with West Africa and Europe. The rotation will start in New York and the service will run every nine days. The first vessel, the MV Cafer Dede will sail on February 16, 2016. According to the shipper, the new development aims to meet the growing demand from exporters in the East Coast of the U.S. for better access to their markets in West Africa. The new service will be operated by NileDutch in cooperation with Turkon Line.

07 Oct 2015

Venezuelan Crude Exports to US Fell 10% in Sept

Venezuelan crude exports to the United States declined 10 percent in September versus the previous month due to lower sales of heavy and medium grades to some of regular customers, according to Reuters trade flows data and PDVSA trade documents. State-run oil company PDVSA and its joint ventures sent 44 crude cargoes to the United States last month carrying 724,230 barrels per day (bpd), compared with 807,065 bpd in August. Sales of diluted crude oil (DCO) made with naphtha rose again to 348,200 bpd, from 311,130 bpd in August, but the increase was not enough to offset an export decline to regular clients including PDVSA's refining unit Citgo Petroleum, Motiva Enterprises, Phillips 66 and PBF Energy's Chalmette refinery.

29 Sep 2015

Fishermen Accuse Chevron of Oil Spill, Demand Compensation

About 500 fishermen in Angola's Cabinda province are demanding compensation from Chevron Corp, saying it was behind an oil spill that prevented them from catching fish for nearly two weeks, an industry body said on Tuesday. Environmental authorities in the southern African country found traces of oil more than two weeks ago on the shores of the beach in the northern Cabinda province but has not given the size of the spillage or who it believes is responsible. Industry lobby group Caconga Voice of Fishermen Association accused Chevron of causing the leak and said each of the nearly 500 fishermen was demanding $2,000 from the U.S. company for each of 11 to 12 days they were unable able to catch fish.

31 Jul 2015

West Africa's August Crude Exports to Asia to Slip

West African crude oil exports to Asia were expected to fall to 1.84 million barrels per day (bpd) in August, Reuters data and a survey of traders showed. Slower buying by Indian independent refiners such as Reliance was the primary factor behind the overall decline of 13 percent from July, highlighting the fickle nature of buyers in an oversupplied market. Indian refiners have used the steep drop in crude prices and ample global availability as an opportunity to expand their crude slates and experiment with new grades, traders said. "India, and Reliance in particular, took fewer West African (cargoes)," one trader said. Reliance booked as few as two cargoes for August loading, compared to at least seven for July loading.

09 Jan 2015

Angola Places Order for Transport Vessel

Angola has placed an order to Francisco Cardama shipyard in Vigo, Spain for the construction of a cargo and heavy vehicles transport ship to connect Luanda and Cabinda. Angolan President, José Eduardo dos Santos has issued an order for the construction of a cargo and heavy vehicles transport ship to connect Luanda and Cabinda. The construction of the ship will be undertaken in Francisco Cardama shipyard in Vigo, Spain. The ship will ensure the transport of containers, general cargo, trucks and trailers in the sea link between Luanda, Soyo and Cabinda. Cabinda province is an enclave located around 60 kilometers from the rest of Angola and direct links are only possible by sea and air.

18 Nov 2014

Angola Crude Exports Set to Rise in January

Angola is set to export 1.77 million barrels per day of crude oil in January, up from 1.60 mln bpd in December, a provisional shipping list showed on Tuesday. The oil from the OPEC member, and Africa's second largest exporter, will be shipped on 57 vessels, the shipping list showed. Exports of Cabinda, Girassol, Palanca, Saturno, Hungo, and Plutonio were set to be higher in January than December, while Dalia exports were lower. Stronger supply of West African crude oil will put further pressure on crude oil futures prices at a time of ample global supply and fragile demand growth. Traders are awaiting Nigerian crude oil exports lists for January, expected to start emerging this week.

16 Oct 2014

Mærsk Deliverer's Contract extended

Cabinda Gulf Oil Company Limited, a Chevron subsidiary in Angola, has extended the current contract for the ultra deepwater semi-submersible Mærsk Deliverer expiring in June 2015 by two years. Mærsk Deliverer has since 2012 been working for Chevron and its partners on the Tombua Landana field offshore Angola. With the contract extension the rig will be on contract until June 2017. The estimated revenue potential from the two-year contract extension is USD 387m plus compensation for cost escalations over the contract period. “We are very pleased to be able to extend our relationship with Chevron on this project, and look forward to a continued successful drilling operation.

22 Aug 2014

W.Africa Crude Slow to Trade; Nigerian Glut Fading

Angolan cargoes for October loading are so far finding buyers slowly, traders said on Friday, while there were further signs that an overhang of September-loading Nigerian cargoes is being absorbed. Most buyers have baulked at the initial offers of Angolan crude, which a trader said were $1 a barrel or so higher than previously traded prices. Business has focused on term cargoes and only one spot trade has come to light. The overhang of September Nigerian cargoes is showing signs of easing as a drop in differentials, contango in the Brent market and wider refinery margins have helped cargoes to find buyers. "Most are now sold," said one. Total sold a cargo of Pazflor, a trader said, in the first known spot trade for October.

08 Jul 2013

Fugro Wins Large Chevron Offshore Navigation Contract

Netherlands-based Fugro has been contracted by Chevron subsidiary Cabinda Gulf Oil Company Ltd, to support its development program at Block 0, off the coast of Cabinda province, Angola. The contract includes the provision of offshore positioning services and accurate navigation systems for Chevron’s drilling units, vessels and structures, together with both onshore and offshore survey services. Fugro’s offshore geophysical data acquisition services will be supplemented by data processing, interpretation and reporting. At Chevron’s onshore facilities in Malongo, Fugro’s survey services will include subsidence evaluations, topographical surveys, chart production, interpretation and reporting. www.fugro.com

24 Dec 2013

Harris CapRock Wins Offshore Angola Communications Contract

Image courtesy of Harris CapRock

Provider of managed communication solutions for remote and harsh environments, Harris CapRock Communications has signed a multi-year contract with Daewoo Shipbuilding & Marine Engineering Co., Ltd (DSME) to provide an integrated telecommunications solution supporting the Mafumeira Sul project off the coast of  Angola. Harris CapRock says it will provide equipment and design, integrate and test all telecommunication systems before deployment; install cable at multiple construction sites around the globe; and provide commissioning support off the coast of Angola.

28 Aug 2012

Deepwater Drillship Off Angola Wins Accolade for Maersk

'Maersk Deliverer': Photo credit Maersk Drilling

Maersk Drilling takes the first challenging step into deepwater drilling in West Africa, 'Maersk Deliverer' voted 'Rig of the Month'. Maersk Drilling has entered Angola for the first time and after only one full month in operation for Cabinda Gulf Oil Company Limited, local setup of Chevron Angola, the Mærsk Deliverer has been awarded 'Super Rig of the Month' amongst the six rigs the oil company is operating in Angola. West Africa, such as Angola, is believed to have one of the largest ultra deepwater oil reserves in the world…

03 Apr 2014

Seadrill Contracts Out Multiple Jack-Up Units

Seadrill vessel: Photo courtesy of the owners

Seadrill Limited informs it has secured new contracts for the jack-up units 'West Tucana', 'West Telesto', 'West Ariel', and 'West Prospero'. Additionally, the contract for the 'West Mischief' has been extended by four months. The total revenue potential for the four new contracts and one extension is approximately US$319- million. West Tucana, a Friede & Goldman JU-2000E jack-up rig, has secured a contract offshore Angola with Cabinda Gulf Oil Company Limited (CABGOC) - Chevron's wholly owned operating unit in Angola. The contract is for a firm period of 24 months.

04 Apr 2014

W.Africa Crude-Traders on Sidelines

West African oil differentials were unchanged on Friday, with traders on the sidelines as they assessed the impact of lower North Sea supply and awaited a clearer outlook for Libyan exports. The supply of North Sea crude that underpins the Brent benchmark will average 774,000 barrels per day (bpd) in May, according to loading schedules provided by trade sources on Friday, down from April. This was seen putting upward pressure on Nigerian differentials because oil from the two regions competes for customers. "We're waiting to see what the offers on the North Sea are like," a trader said. Crude oil futures prices fell earlier this week on hopes that Libyan supply would return. This would pressure West African grades because they are of a similar light, low-sulphur composition.