Marine Link
Tuesday, November 13, 2018

Equatorial Guinea News

Oil Spill Response in Equatorial Guinea

Photo: International Maritime Organization (IMO)

Emergency preparedness and response in the oil and gas sector was at the core of a workshop held in Malabo, Equatorial Guinea (7-10 May). The aim of the workshop was to strengthen the country's capacity to prepare for and respond to marine pollution from oil spills. This workshop follows on from a series of events developed with the Republic of Equatorial Guinea with a view to making recommendations to improve the national preparedness and response system in the country, including a more robust national oil spill contingency plan.

Golar LNG Unwinds Joint Venture with Schlumberger

Golar LNG said on Thursday it would wind down its joint venture with Schlumberger, called OneLNG, which had been involved in the development of the Fortuna LNG project with Ophir in Equatorial Guinea.Golar said despite an agreed development plan and extensive efforts in the last 12 months by OneLNG and Ophir management, it has not been possible to finalise an attractive debt financing package.This, together with other capital and resource priorities, resulted in a decision from Schlumberger to end their participation in the project.Based on the structure of the BP project, Golar and Schlumberger plan to wind down OneLNG and work on Fortuna LNG projects as required on a case-by-case basis.Efforts to find the optimum capital structure that maximizes value for all Fortuna LNG project stakehol

Adriatic LNG Receives 600th Cargo

Photo: Adriatic LNG

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.

Egypt LNG Market to Reach 4.5 MMT by 2025

Image: Egyptian LNG

LNG market in Egypt is projected to surpass 4.5 MMT by 2025, due to rising demand from power and industrial sectors in the country, says TechSci Research report. Production of dry natural gas in Egypt declined at a CAGR of 7.17% during 2011-2015. Thus, imports of LNG in the country increased during 2011-2015, and this trend is further anticipated to continue during the forecast period as well. Ministry of Electricity announced capacity addition of 2.25 GW in August 2016, with an investment of USD2.2 billion.

Singapore LNG Market to Grow at 10.39% Through 2025

Photo: Singapore LNG Corporation Pte Ltd

The market for LNG in Singapore is projected to grow at a CAGR 10.39% during 2016-2025, due to the push from Singapore government towards adoption of cleaner energy sources, capacity addition of natural gas / LNG based power plants and emergence of Singapore as a regional trading hub for LNG in Asia-Pacific. "Growing demand from power generation sector, favorable LNG prices and government initiatives to setup Singapore as LNG hub is expected to drive Singapore LNG market," says the report by TechSci Research. Pavilion Energy, a wholly owned subsidiary of Pavilion Gas Pte Ltd.

CMA CGM Improves Canada to West Africa Service

Map: CMA CGM

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.

IMO Workshops on Fouling

Biofouling – the build-up of aquatic organisms on a ship’s underwater hull and structures – was again on the agenda at the latest in a series of International Maritime Organization (IMO) workshops. The regional workshop in Accra, Ghana (24-26 May) was attended by participants from nine countries (Cabo Verde, Equatorial Guinea, Gambia, Ghana, Guinea Bissau, Liberia, Nigeria, Sao Tome & Principe and Sierra Leone). Participants gained a greater understanding of the requirements and implications of ratifying, implementing and enforcing the anti-fouling systems (AFS) convention and implementing biofouling guidelines. The AFS convention regulates anti-fouling systems in order to prevent adverse impacts from the use of anti-fouling systems and the biocides they may contain.

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. Other members of the crew were left onboard, unharmed. The tanker was carrying liquid chemical fuels and was travelling to Cameroon, the Turkish newspaper Hurriyet reported.

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. "They have had to move towards a faster model and that faster model is kidnappings," OBP's Matthew Walje said, noting that ransom payouts were as high as $400,000 in one incident.

Gunvor Awarded Fortuna FLNG Offtake

The Ministry of Mines and Hydrocarbons (MMH), Ophir Equatorial Guinea (Block R) Ltd, OneLNG SA and La Compania Nacional De Petroleos De Guinea Ecuatorial (GEPetrol) have nominated Gunvor Group Ltd (Gunvor) as its preferred LNG Buyer for offtake from the Fortuna FLNG project. All parties have agreed the principal commercial terms subject to finalizing a Sale and Purchase Agreement (SPA) for the offtake ahead of the Final Investment Decision (FID) on the Fortuna FLNG project. Gunvor will take the full contract capacity of the Gandria FLNG vessel of 2.2 MMTPA which will be purchased on a Brent-linked, Free on Board (FOB) basis for a 10 year term. The contract structure allows flexibility for up to 1.1mmtpa of the Fortuna capacity to be marketed on an alternate basis.

Ghana, Equatorial Guinea to Sign LNG Deal

Ghana's President Nana Akufo-Addo plans to sign an agreement to import liquefied natural gas (LNG) from Equatorial Guinea during his three-day visit to the Gulf of Guinea petroleum producer due to begin on Monday, his office said. Though an oil and gas producer in its own right since its flagship Jubilee field came on stream in 2010, Ghana has in the past struggled to ensure reliable power production for a growing domestic market. Equatorial Guinea, meanwhile, is exploring the possibility of selling a portion of its LNG cargos to its African neighbours. The statement from Akufo-Addo's communications director said the president was expected to sign a framework document with his counterpart President Teodoro Obiang Nguema to import LNG from Equatorial Guinea for five years.

Fortuna FLNG Offtake Awarded to Gunvor

Photo: Golar LNG

The Ministry of Mines and Hydrocarbons (MMH), Ophir Equatorial Guinea (Block R) Ltd, OneLNG SA and La Compania Nacional De Petroleos De Guinea Ecuatorial (GEPetrol) have nominated Gunvor Group Ltd (Gunvor) as its preferred LNG Buyer for offtake from the Fortuna FLNG project. All parties have agreed the principal commercial terms subject to finalising a Sale and Purchase Agreement (SPA) for the offtake ahead of the Final Investment Decision (FID) on the Fortuna FLNG project. Gunvor…

CMA CGM to Upgrade its EURAF Services

Map: CMA CGM

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.

Hess Corp Sells Offshore Equatorial Guinea Assets

Okume complex in Equatorial Guinea. Photo: Hess Corporation

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.

GasLog Updates on LNG Market

Photo: GasLog Partners

During the quarter and post quarter end, there has been continued momentum in the start-up of new LNG liquefaction capacity with the fourth train at Sabine Pass in the U.S. shipping its first commissioning cargoes in August 2017, said GasLog Partners. Sabine Pass has now shipped approximately 200 cargoes since start up in early 2016. Post quarter end, Chevron's Wheatstone LNG project in Australia started production with the first LNG shipment expected in the coming weeks. Dominion's Cove Point project in the U.S.

Harris Pye to the Rescue for Damaged Hull Repair

Shell plating after repair from inside aft peak tank (Photo: Harris Pye)

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”).

Cooperation for Oil Spill Preparedness in Africa

Photo: GIWACAF

A regional conference of countries in west, central and southern Africa has committed to continue to work at both national and regional levels to boost preparedness to deal with oil spill incidents which could be devastating both for the marine environment and financially. The conference (6-9 November) in Abidjan, Côte d'Ivoire, was hosted by CIAPOL, the Ivoirian pollution control centre. It brought together industry and government focal points from 20 out of 22 west, central and southern African countries covered by the Global Initiative for West, Central and Southern Africa (GI-WACAF).

SBM Offshore to Pay $238 Mln in US Bribery Case

SBM Offshore NV, a Netherlands-based maker of offshore oil drilling equipment, and its U.S. subsidiary, SBM Offshore USA Inc, agreed to settle criminal charges of bribing officials in five countries and pay a $238 million penalty, the U.S. Justice Department said on Wednesday. The companies agreed to settle charges related to schemes lasting more than a decade involving bribery of foreign officials in Brazil, Angola, Equatorial Guinea, Kazakhstan and Iraq, in violation of the Foreign Corrupt Practices Act (FCPA), the Justice Department said in a statement. SBM Offshore USA pleaded guilty on Wednesday in the U.S. District Court for the Southern District of Texas, the statement said.

Start of Golar's FLNG in Cameroon May Draw More Africa Clients

Golar LNG said on Monday it had started production at its floating LNG (FLNG) platform in Cameroon, the world's second working example of the nascent technology and a milestone likely to boost its Fortuna project in Equatorial Guinea. As the cost of land-based LNG plants more than tripled in the decade to 2013, Golar pioneered the conversion of ageing LNG tankers into giant refrigerators capable of chilling gas into its liquid form at minus 162 Celsius. Natural gas when liquefied can be shipped and sold around the world on tankers, like oil. By starting up the pilot floating plant in Cameroon, Golar is removing uncertainty about the risks associated with squeezing equipment into a fraction of the space occupied by an LNG plant on land, shipping analysts and industry sources say.

Ophir, OneLNG JV to develop Fortuna FLNG Project

FLNG Courtesy GOLAR

Ophir Holdings & Ventures LTD ("Ophir"), a wholly owned subsidiary of Ophir Energy plc, and OneLNGSM, a joint venture between subsidiaries of Golar LNG Limited and Schlumberger, announce that they have signed a binding Shareholders' Agreement to establish a Joint Operating Company ("JOC") to develop the Fortuna project, in Block R, offshore Equatorial Guinea utilising Golar's FLNG technology. OneLNG and Ophir will have 66.2% and 33.8% ownership of the JOC respectively (with economic entitlements materially consistent with the equity interest in the JOC).

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.

Africa: Towards Safe, Clean Ship Recycling

Photo: International Maritime Organization (IMO)

Nine West and Central African countries have agreed to start working towards ratifying IMO’s ship recycling treaty, the Hong Kong Convention, following a workshop in Accra, Ghana (14-16 November). The event allowed for in-depth discussions and provided details on the specific requirements of the Convention and its Guidelines, with representatives from Cabo Verde, Gambia, Ghana, Guinea-Bissau, Equatorial Guinea, Liberia, Nigeria, Sao Tome & Principe and Sierra Leone taking part. The Ghana Maritime Authority hosted the workshop and IMO was represented by Mr. Jun Sun and Captain Dallas Laryea.

Enhancing Search and Rescue Services in Western Africa

International Maritime Organization (IMO)

International Maritime Organization (IMO) is supporting countries in western Africa to enhance their national search and rescue (SAR) services with a regional training course and meeting taking place in Lagos, Nigeria this week. The activities are assisting Member States under the “Nigeria SAR Region” (Benin, Cameroon, Congo, Democratic Republic of Congo, Equatorial Guinea, Gabon, Nigeria and Sao Tome and Principe) to develop their regional SAR Plan and to increase regional cooperation.

Maritime Reporter Magazine Cover Nov 2018 - Workboat Edition

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