Archive for the ‘Oil Industry’ Category

China’s thirst for crude oil pushes Brazil’s December exports to all-time high

China’s thirst for crude oil pushes Brazil’s December exports to all-time high
Peter Sand China’s thirst for crude oil pushes Brazil’s December exports to all-time high Brazilian crude oil exports hit a record high in December 2019 with a total 8.7 million tonnes of crude oil exported, as China continues to turn to Brazil for crude. Annual export volumes grew by 5% compared...
January 22nd, 2020 | BIMCO, Energy, Oil Industry | Read More

Wärtsilä offers offshore sector up to six months operating without planned onboard maintenance

Wärtsilä offers offshore sector up to six months operating without planned onboard maintenance
The Wärtsilä Power Solution relieves cost pressure for the offshore sector by eliminating the need for permanent on-site maintenance crew and permanent facilities for them. Wärtsilä offers offshore sector up to six months operating without planned onboard maintenance Wärtsilä Corporation, 20...
January 20th, 2020 | Marine Equipment Products and Services, Oil Industry, Oil Platforms and Rigs | Read More

Oil major’s victory in Ukraine sanctions dispute sheds light on complex aspects of U.S. sanctions

Oil major’s victory in Ukraine sanctions dispute sheds light on complex aspects of U.S. sanctions
  Leigh T. Hanson Oil major’s victory in Ukraine sanctions dispute sheds light on complex aspects of U.S. sanctions At a Glance… The overturning by a federal court of an OFAC penalty imposed after a large oil and gas company entered into contracts signed by a blocked person addresses important...
January 16th, 2020 | Legal, Oil Industry, Sanctions | Read More

Fugro performs first deepwater AUV and geotechnical site survey for Brunei Shell Petroleum

Fugro performs first deepwater AUV and geotechnical site survey for Brunei Shell Petroleum
Fugro’s first deepwater autonomous underwater vehicle (AUV) site survey for Brunei Shell Petroleum Company Sdn Bhd, who praised the HSSE leadership shown throughout the campaign Fugro performs first deepwater AUV and geotechnical site survey for Brunei Shell Petroleum Fugro has successfully completed...
December 6th, 2019 | Energy, News, Oceanology, Oil Industry, Underwater Shipping | Read More

IBIA and S&P Global Platts – Middle East Bunker Conference – Dubai

IBIA and S&P Global Platts – Middle East Bunker Conference – Dubai
IBIA and S&P Global Platts – Middle East Bunker Conference – Dubai Date: March 11-12, 2020 Location: Queen Elizabeth 2 Hotel, (QE2), Dubai, UAE WHERE THE BUNKER INDUSTRY CONNECTS Save the date: March 11-12, 2020   ADD TO CALENDAR By March 2020, the IMO sulphur...
November 26th, 2019 | Associations, Bunkering, Events, Conferences,Forums and Symposiums, LNG, Oil Industry | Read More

BIMCO December Market Outlook: Tanker shipping and Macroeconomics 25 Nov. 2019

BIMCO December Market Outlook: Tanker shipping and Macroeconomics 25 Nov. 2019
Peter Sand BIMCO December Market Outlook: Tanker shipping and Macroeconomics 25 Nov. 2019 MACROECONOMICS World growth and trade volumes under pressure, but still positive A continued slowdown in global growth, as well as a lower trade multiplier will reduce overall demand for shipping for the rest of...
November 25th, 2019 | BIMCO, Chartering, Markets, Oil Industry, Statistics, Stock Markets, Tankers | Read More

Will history repeat itself? Callum MacPherson, Investec’s Head of Commodities comments on the upcoming OPEC meeting

Will history repeat itself? Callum MacPherson, Investec’s Head of Commodities comments on the upcoming OPEC meeting
Callum Macpherson Will history repeat itself? Callum MacPherson, Investec’s Head of Commodities comments on the upcoming OPEC meeting Callum MacPherson, Investec’s Head of Commodities “Over the last half of this year, the oil market has provided little cheer for the bulls. Even the attack on...
November 20th, 2019 | Energy, Markets, Oil Industry, Tankers | Read More

Skyfall …err Dryfall continues with the BDI@1,304; Wets …“surge”

Skyfall …err Dryfall continues with the BDI@1,304; Wets …“surge”
John Faraclas Skyfall …err Dryfall continues with the BDI@1,304; Wets …“surge” The Dry Market ‘s fall continued with the only excemption that of the Panamax which surprise surprise gained four points! The Wets on the up and Geopolitics as usual continue to deteriorate sending hint-alarms but...
November 19th, 2019 | Chartering, Dry Bulkcarriers, Markets, Military, News, Oil Industry, Reports, Safety and Security, Shipping Indices, Statistics, Stock Markets, Tankers, Trade and Commerce | Read More

Markets in a free fall

Markets in a free fall
John Faraclas Markets in a free fall Markets in a fee fall amid Planet Ocean’s uncertainty The BDI (Baltic Dry Index lost 51 points earlier on today and now stand at 1,731 points amid Planet Ocean’s worse uncertainty; John Faraclas brief recap: The Capes’ BCI down 100 !! points at 2,978 losing...
October 31st, 2019 | Chartering, Dry Bulkcarriers, Markets, News, Oil Industry, Reports, Shipping Indices, Stock Markets, Tankers, Trade and Commerce | Read More

The BDI close to 2,000 points amid Armageddon

The BDI close to 2,000 points amid Armageddon
John Faraclas The BDI close to 2,000 points amid Armageddon The BDI (Baltic Dry Index) gained 56 points earlier on today and now stands at 1,929 – a fraction away from  the psychological threshold of 2,000! Yesteday was a slightly better day… but let’s not be so greedy… Geopolitics...
October 10th, 2019 | Chartering, Comment, Conferences, Seminars, Forums, Dry Bulkcarriers, Events, Markets, Military, News, Oil Industry, Reports, Shipping Indices, Tankers, Trade and Commerce | Read More

Get ExxonMobil’s latest marine industry insights sent straight to your inbox

Get ExxonMobil’s latest marine industry insights sent straight to your inbox
. Get ExxonMobil’s latest marine industry insights sent straight to your inbox ExxonMobil’s ‘Voyager’ newsletter regularly delivers knowledge and expert insight for the marine industry. Each issue offers discussions on key topics, such as the implications of the 0.50% global sulphur cap and...
August 8th, 2019 | Communication, Oil Industry, Press and Media | Read More

Performance Shipping announces delivery of Aframax tanker “Blue Moon”

Performance Shipping announces delivery of Aframax tanker “Blue Moon”
.. Performance Shipping announces delivery of Aframax tanker “Blue Moon” ATHENS, GREECE, August 5, 2019 – Performance Shipping Inc. (NASDAQ: DCIX), (the “Company”), a global shipping company specializing in the ownership of vessels, today announced that, through a separate wholly-owned...
August 5th, 2019 | Markets, News, Oil Industry, Sales and Purchases, Stock Markets, Tankers | Read More

Tonne miles from US crude oil exports drop dramatically in April

Tonne miles from US crude oil exports drop dramatically in April
Peter Sand Tonne miles from US crude oil exports drop dramatically in April April was a disappointing month for the crude oil shipping industry with a dramatic fall in US crude oil exports which caused tonne mile demand to fall disproportionally. This was because exports to Asia dropped to 3.7 million...
June 27th, 2019 | BIMCO, Oil Industry, Reports, Trade and Commerce | Read More

Panamaxes’ four aces lift the Market’s “spirit” further…

Panamaxes’ four aces lift the Market’s  “spirit” further…
John Faraclas Panamaxes’ four aces lift the Market’s  “spirit” further… The BDI  (Baltic Dry Index) gained earlier on today 19 points and now stands at 1,258!  Geopolitics deteriorating further in all fronts; John Faraclas’ brief daily recap: The Capes with a double digit rise following...
June 24th, 2019 | Chartering, Dry Bulkcarriers, Emissions, Environment, Events, Exhibitions, Markets, Military, Oil Industry, Pollution, Reports, Shipping Indices, Statistics, Stock Markets, Tankers, Trade and Commerce | Read More

‘Gas & Gunboats in the Eastern Mediterranean’ – Demetrius A. Floudas — Hughes Hall, University of Cambridge – 10 June 2019, 17:30

‘Gas & Gunboats in the Eastern Mediterranean’ – Demetrius A. Floudas — Hughes Hall, University of Cambridge – 10 June 2019, 17:30
. ‘Gas & Gunboats in the Eastern Mediterranean’ – Demetrius A. Floudas — Hughes Hall, University of Cambridge – 10 June 2019, 17:30 Event to be held at the following time, date, and location: Monday, June 10, 2019 from 5:30 PM to 7:30 PM (BST) Seminar Room B Hughes Hall University...
June 6th, 2019 | Events, Conferences,Forums and Symposiums, Gas, Markets, Military, Oil Industry, Politics and Government | Read More

The BDI@1,082; Supras “spoil” the broth…

The BDI@1,082; Supras “spoil” the broth…
The BDI@1,082; Supras “spoil” the broth… John Faraclas The BDI (Baltic Dry Index) ended up 16 points earlier on today following the long weekend due to the spring Holiday as well as due to end of the European Union’s election process. Now if we have so far stressed the perplexed and enigmatic...
May 28th, 2019 | Arctic Shipping, Art and auctions, Associations, Charity, Chartering, Classification Societies, Climate, Construction, Consumers Market, Container shipping, Containers, Cruise Ferry, Cruise Industry, Dry Bulkcarriers, Emissions, Energy, Environment, European Union, Holidays, HR, IMO, Insurance and Reinsurance, IT and Communications, LNG, Manning - Seafarers and Offshore, Marinas, Maritime Art, Maritime Education and Training, Maritime Tourism, Markets, Mediterranean Shipping, News, Oceanology, Oil Industry, Organisations, Paintings and Sculpture, People and Places, Piracy and Terrorism, Politics and Government, Pollution, Ports & Terminals, Press and Media, Religion, Reports, Sailing, Shipping Centers, Shipping Indices, Short-sea shipping, Sports, Statistics, Stock Markets, Tankers, Tourism, Trade and Commerce, Weather, Yachting | Read More

Mark Prendergast to retire from Harris PYE engineering group in May 2020

Mark Prendergast to retire from Harris PYE engineering group in May 2020
Mark Prendergast Mark Prendergast to retire from Harris PYE engineering group in May 2020 Mark Prendergast, Chief Executive Officer of Harris Pye Engineering Group, a Joulon company has announced that he is to retire on 30 May 2020. The Harris Pye Engineering Group, global specialists in the provision...
May 23rd, 2019 | Alternative Sources of Energy, Company Profiles, Drill ships, Energy, Environment, Gas, HR, Marine Equipment Products and Services, Oil Industry, Oil Platforms and Rigs, Person Profiles, Ship Conversions, Shiprepair, Supply ships, Technical | Read More

International Diving Industry Forum Established by the World’s Key Energy Industry Diving Bodies

International Diving Industry Forum Established by the World’s Key Energy Industry Diving Bodies
Bryan McGlinchy IMCA’s Diving Manager International Diving Industry Forum Established by the World’s Key Energy Industry Diving Bodies The International Diving Industry Forum (IDIF) has been established by three key industry stakeholders – the International Marine Contractors Association...
April 29th, 2019 | Conferences, Seminars, Forums, Energy, Gas, Oil Industry, Underwater Shipping | Read More

Daily Overview of Global Markets & the SEE Region (Tuesday, 23 April, 2019)

Daily Overview of Global Markets & the SEE Region (Tuesday, 23 April, 2019)
. Daily Overview of Global Markets & the SEE Region (Tuesday, 23 April, 2019) HIGHLIGHTS WORLD ECONOMIC & MARKET DEVELOPMENTS GLOBAL MARKETS:   Following light volumes in Wall Street overnight, Asian equity indices advanced marginally on Tuesday with many markets reopening after the Easter...
April 23rd, 2019 | Banking, Finance, Markets, Oil Industry, Reports, Statistics, Stock Markets | Read More

Daily Overview of Global Markets & the SEE Region (Monday, 22 April, 2019)

Daily Overview of Global Markets & the SEE Region (Monday, 22 April, 2019)
Daily Overview of Global Markets & the SEE Region (Monday, 22 April, 2019) HIGHLIGHTS WORLD ECONOMIC & MARKET DEVELOPMENTS GLOBAL MARKETS:   Oil prices surged earlier today on press reports conveying that, as of 2 May, the US will no longer grant sanctions waivers to any country that is currently...
April 22nd, 2019 | Banking, Finance, Markets, Oil Industry, Reports, Statistics, Stock Markets | Read More

International Offshore Development Congress (28-29 Apr, Abu Dhabi) Invites WOC as Strategic Partner

International Offshore Development Congress (28-29 Apr, Abu Dhabi) Invites WOC as Strategic Partner
International Offshore Development Congress (28-29 Apr, Abu Dhabi) Invites WOC as Strategic Partner WOC to Speak on “The Future of Offshore Oil and Gas: Exploration and Production in a Crowded, Impacted, Multiple-Use Ocean” at IODC 2019 10 April 2019 WOC CEO Paul Holthus has been invited to speak...
April 10th, 2019 | Energy, Events, Conferences,Forums and Symposiums, Gas, Oil Industry | Read More

BIMCO: US seaborne crude oil exports hit record high for fifth month in a row

BIMCO: US seaborne crude oil exports hit record high for fifth month in a row
Peter Sand US seaborne crude oil exports hit record high for fifth month in a row US exports of crude oil have, since August 2018, continued to rise every month, with a new record high in January of 9.6 million tonnes. Exports rose in January on the back of increased sales to Europe, which rose from...
April 9th, 2019 | Associations, BIMCO, Markets, Oil Industry, Reports, Statistics, Tankers, Trade and Commerce | Read More

Wärtsilä SceneScan, the world’s first ‘targetless’ DP laser sensor, to deliver added safety to Topaz Marine fleet

Wärtsilä SceneScan, the world’s first ‘targetless’ DP laser sensor, to deliver added safety to Topaz Marine fleet
The Wärtsilä SceneScan provides accurate positional information for safer operations. Copyright: Topaz. Wärtsilä SceneScan, the world’s first ‘targetless’ DP laser sensor, to deliver added safety to Topaz Marine fleet Wärtsilä Corporation,  5 April 2019 at 9.30 am EEST – The technology...
April 5th, 2019 | Energy, Marine Equipment Products and Services, Oil Industry, Technology | Read More

FUGRO expands offshore and onshore services in Egypt with opening of new hub

FUGRO expands offshore and onshore services in Egypt with opening of new hub
The new Cairo facilities support Fugro’s integrated site investigation services for major civil infrastructure projects, in addition to the its expanding services for offshore oil and gas FUGRO EXPANDS OFFSHORE AND ONSHORE SERVICES IN EGYPT WITH OPENING OF NEW HUB Fugro has cut the ribbon at new premises...
March 26th, 2019 | Energy, Gas, Oil Industry | Read More

GAC wins PETRONAS Caspian Sea contracts

GAC wins PETRONAS Caspian Sea contracts
GAC wins PETRONAS Caspian Sea contracts Marine support for drilling and development of new Towing operation jack up rig Saturn by AHTS Soltan Caspian Sea, Turkmenistan, 13 March 2019 –  GAC Marine S.A. branch in Turkmenistan (GAC Marine) has been awarded two contracts by PETRONAS Carigali (Turkmenistan)...
March 13th, 2019 | Energy, Oil Industry, Oil Platforms and Rigs | Read More