Archive for the ‘Oil Industry’ Category

The BDI@1,009: truth is stranger than fiction…

The BDI@1,009: truth is stranger than fiction…
John Faraclas – picture by ecopack77 The BDI (Baltic Dry Index) ended the day with yet another fall; at 1,009 – minus 55 might soon create one of the biggest disasters in shipping’s recent history if it goes below the 1,000 point-threshold, something though more than possible… We have seen...
November 14th, 2018 | Chartering, Comment, Dry Bulkcarriers, Markets, Military, Oil Industry, Reports, Shipping Indices, Statistics, Stock Markets, Tankers, Trade and Commerce | Read More

Looking from the outside in: new industry report reveals how predictive analytics is set to transform oil and gas, but are we doing enough?

Looking from the outside in: new industry report reveals how predictive analytics is set to transform oil and gas, but are we doing enough?
Lloyd’s Register HQ’s in London Insight from companies across the world brings the future in focus on the pace and development of predictive analytics. A new industry report launched today – an extension of the global Technology Radar survey series produced by Lloyd’s Register (LR) –...
November 12th, 2018 | Classification Societies, Gas, Insight, Markets, Oil Industry, Reports, Technology | Read More

The BDI@1,231 …medieval figures that hurt

The BDI@1,231 …medieval figures that hurt
John Faraclas The BDI (Baltic Dry Index) is now 1,016 points below the figure as of the end of December 2013 when it stood at 2,247 points. Geopolitics with all types of wars dangerously spreading; IBIA’s 2018 Convention finale more than a cause to celebrate! John Faraclas daily briefing: The BDI by...
November 8th, 2018 | Alternative Sources of Energy, Chartering, Comment, Conferences, Seminars, Forums, Corruption, Dry Bulkcarriers, EEZ, Emissions, Energy, Environment, Gas, Markets, News, Oil Industry, Pollution, Reports | Read More

Capes “sink” the BDI at 1,395…

Capes “sink” the BDI at 1,395…
John Faraclas The BDI (Baltic Dry Index) lost 33 points earlier on today and now stands at 1,395; Geopolitics still messy and IBIA’s Annual Convention makes waves. John Faraclas’ daily briefing: The  volatile Capes’ BCI three-digit loss of 101 points bringing down this index at 2,296 points was...
November 6th, 2018 | Associations, Bunkering, Chartering, Classification Societies, Conferences, Seminars, Forums, Dry Bulkcarriers, Events, Events, Conferences,Forums and Symposiums, Insight, Legal, Marine Equipment Products and Services, Maritime Fraud, Maritime Fraud, Maritime Tourism, Markets, Oil Industry, Piracy and Terrorism, Politics and Government, Regulatory, Reports, Shipping Indices, Statistics, Stock Markets, Tankers, Technology, Tourism | Read More

Hot Port News from GAC

Hot Port News from GAC
06-Nov-2018 SPEED BOAT RACES IN TOLO HARBOUR, TAI PO Hong Kong PLANS ANNOUNCED FOR INTEGRATED INDUSTRIAL COMPLEX TO CONVERT CRUDE OIL Yanbu, Saudi Arabia Speed boat races in Tolo Harbour, Tai Po Tuesday, November 6, 2018, Hong Kong Speed boat races will take place in the waters off the Ma On Shan Waterfront...
November 6th, 2018 | Oil Industry, Port Conditions, Ports & Terminals, Sports | Read More

The BDI@1,428: remember remember remember the 5th of November

The BDI@1,428: remember remember remember the 5th of November
John Faraclas The BDI (Baltic Dry Index) lost 29 points and now stands at 1,428… Geopolitics in jeopardy as the banking system needs trillions of US Dollars …just to breath. John Faraclas’ brief recap: The volatile Capes lost the 2,500 points threshold with a small bang by losing 105 point;...
November 5th, 2018 | Banking, Chartering, Events, Conferences,Forums and Symposiums, Exhibitions, Finance, Markets, Military, News, Oil Industry, Reports, Shipping Indices, Statistics, Stock Markets, Tankers, Trade and Commerce | Read More

BDI’s contained fall at 1,470; Wets ’R fine and Geopolitics with corruption et al rule the day…

BDI’s contained fall at 1,470; Wets ’R fine and Geopolitics with corruption et al rule the day…
John Faraclas The BDI (Baltic Dry Index) was down 20 points at 1,470  earlier on today – a contained fall so to speak… Geopolitics though and the  issue of corruption remains the name of the game… For the sake of Art though the day ended more than harmoniously at the After Nyne Gallery in...
November 1st, 2018 | Art and auctions, Chartering, Dry Bulkcarriers, Energy, Finance, Markets, Oil Industry, Paintings and Sculpture, Shipping Indices, Statistics, Stock Markets, Tankers, Trade and Commerce | Read More

IMCA appoints head of Policy & Regulatory affairs

IMCA appoints head of Policy & Regulatory affairs
Margaret Fitzgerald Maritime lawyer joins the IMCA Secretariat The International Marine Contractors Association (IMCA) has appointed Margaret Fitzgerald as its Head of Policy & Regulatory Affairs. She will represent the Association on all regulatory matters and lead its involvement with the...
November 1st, 2018 | Associations, Energy, Gas, HR, Oil Industry, Person Profiles | Read More

GAC South Africa beat the odds to deliver convoy for BW Offshore

GAC South Africa beat the odds to deliver convoy for BW Offshore
… Turnkey agency services for two tugs and FPSO Cape Town, South Africa, 1 October 2018 – When GAC South Africa’s team in Cape Town was appointed to handle the passage of two tugs, Fairmount Summit and Fairmount Expedition, towing the floating production storage and offloading (FPSO) Berge...
October 1st, 2018 | Energy, Oil Industry | Read More

GAC UK opens new Dundee office in response to increasing offshore and renewables activity

GAC UK opens new Dundee office in response to increasing offshore and renewables activity
… Grangemouth, 28 September 2018 – GAC UK has opened its 19th branch, in the heart of Dundee harbour. Together with its long-established branches in Scotland at Aberdeen, Leith, Shetland, Invergordon, Orkney and Grangemouth, the new office enables GAC UK to better respond to the growing needs...
September 28th, 2018 | Alternative Sources of Energy, Energy, Markets, Oil Industry, Oil Platforms and Rigs, Ship Agencies | Read More

Dry and Wet Markets “swing” back to black, but…

Dry and Wet Markets “swing” back to black, but…
John Faraclas The BDI gained 17 points earlier on today and now reads 1,413; on a weekly basis same was up 47 points (from 1,366) thanks mainly  to the Supras and Handies which “kept” the pace up… Geopolitics are marred with all the issues we have extensively covered all these last six  years....
September 21st, 2018 | Conferences, Seminars, Forums, Events, Markets, Military, News, Oil Industry, People and Places, Piracy and Terrorism, Religion, Reports, Shipping Centers, Shipping Indices, Stock Markets, Tankers | Read More

AAL delivers multifaceted offshore solution for Technipfmc in key scope of major Australian oil production project

AAL delivers multifaceted offshore solution for Technipfmc  in key scope of major Australian oil production project
AAL delivers multifaceted offshore solution for TechnipFMC Executed with optimum efficiency and safety, AAL performed a 3-month offshore pipe haul and ship-to-ship (S-T-S) operation for the Greater Enfield Project – a subsea oil production project located in Exmouth, Australia. September 17, 2018 –...
September 17th, 2018 | Energy, Marine Equipment Products and Services, Oil Industry | Read More

FUGRO acquires data in frontier region seep hunting programme offshore Eastern Canada

FUGRO acquires data in frontier region seep hunting programme offshore Eastern Canada
High-resolution bathymetric map of the Carson Basin, a frontier region offshore Newfoundland. Fugro acquired the data which will help E&P companies to evaluate lease options for Newfoundland and Labrador’s 2019 licensing round. Fugro has successfully completed the geophysical acquisition portion...
August 28th, 2018 | Energy, Oceanology, Oil Industry, Underwater Shipping | Read More

SeaRenergy to support hook-up and commissioning of BorWin3 platform

SeaRenergy to support hook-up and commissioning of BorWin3 platform
BW3 topsides SeaRenergy has been appointed by Petrofac to deliver integrated Offshore Support Services under a framework agreement for the BorWin3 HVDC platform once installed in German waters. SeaRenergy will be supporting Petrofac in the facility management during the hook-up and commissioning phases...
August 22nd, 2018 | Construction, Energy, Oil Industry, Oil Platforms and Rigs, Technical, Technology | Read More

AET and Shell agree first contract for dynamic positioning shuttle tanker

AET and Shell agree first contract for dynamic positioning shuttle tanker
Yee Yang Chien – MISC President CEO 20 August 2018, Singapore, AET Inc Limited formally agreed its first contract with Brazil Shipping Limited 1 (“Shell”) to time charter one new-build dynamic positioning (IMO Class 2) shuttle tanker (DPST) in Brazil.  “MISC Group’s wholly-owned...
August 20th, 2018 | Chartering, Markets, News, Oil Industry, Tankers | Read More

GAC Angola renews ship agency contract with POSH Semco

GAC Angola renews ship agency contract with POSH Semco
POSH Champion carrying out supply duties in Mafumeira Oil Field, Angola Complete husbandry and vessel clearing service Luanda, Angola, 19 July 2018 – Leading offshore marine services provider PACC Offshore Services Holdings Ltd. (POSH) has reaffirmed its close working relationship with GAC Angola...
July 19th, 2018 | Energy, News, Oil Industry, Ship Agencies | Read More

New export director at LIQUI MOLY

New export director at LIQUI MOLY
Salvatore Coniglio Salvatore Coniglio wants to further internationalize the company July 2018 – German oil and additive specialist LIQUI MOLY has a new director for its increasingly important export business: Salvatore Coniglio (50). He was previously the deputy export director. “We will reinforce...
July 12th, 2018 | Automobiles, Company Profiles, Markets, Oil Industry, Person Profiles | Read More

OPEC Meeting – views from Callum Macpherson

OPEC Meeting – views from Callum Macpherson
Callum MacPherson, Investec OPEC Meeting – views from Callum MacPherson’s, Investec’s Head of Commodities, views on the oil market following Friday’s OPEC meeting. Callum Macpherson comments: On Friday, OPEC reached an agreement to keep the current total limits on oil production unchanged,...
June 25th, 2018 | Energy, Markets, Oil Industry | Read More

The BDI@ 1,273… Geopolitics going bung…

The BDI@ 1,273… Geopolitics going bung…
John Faraclas The BDI (Baltic Dry Index) fell 32 points since yesterday and 199 since the 11 of May. CAUTION.  John Faraclas’ market briefing: The Capes lost 53 points with the BCI now at 2,053 – might go even below the 2,000 point threshold. On a weekly basis the loss was even worse: 577 points! The...
May 18th, 2018 | Chartering, Dry Bulkcarriers, Events, Markets, News, Oil Industry, P and I Clubs, Reports, Shipping Indices, Statistics, Stock Markets, Tankers | Read More

Ardent, Lloyd’s Register and Worley Parsons form a consortium

Ardent, Lloyd’s Register and Worley Parsons form a consortium
Reducing the burden: New global oil and gas decommissioning consortium with unique approach for operators. A collaborative supply chain approach to global decommissioning is launched today, offering an end-to end solution from industry leaders, to reduce the decommissioning burden, risk and cost for...
May 1st, 2018 | Classification Societies, Energy, Gas, Oil Industry | Read More

HHRM and Hellenic Lloyds launch cooperation

HHRM and Hellenic Lloyds launch cooperation
Hellenic Lloyds SA is the successful bidder for specialized services for the assessment of Reports on Major Hazards, further to the relevant tender which had been announced by Hellenic Hydrocarbon Resources Management (HHRM). In particular, based on the agreements to be signed between the two companies,...
April 27th, 2018 | Classification Societies, Energy, Oil Industry | Read More

FUGRO provides seep hunting expertise offshore Brazil

FUGRO provides seep hunting expertise offshore Brazil
An actively seeping mud volcano as imaged by the MBE system of the Fugro Brasilis during calibration efforts. Working for multi-client geoscience data company, TGS, Fugro continues the hunt for hydrocarbon seeps, this time offshore Brazil. Two modern, purpose-built vessels – Fugro Brasilis and Fugro...
April 27th, 2018 | Energy, Gas, Oil Industry, Underwater Shipping | Read More

The Capers try to “lift” the BDI but…

The Capers try to “lift” the BDI but…
John Faraclas – picture credits by Georgina Lazaridis The BDI (Baltic Dry Index) following an unprecedented fall over the last fortnight managed to clinch just four points earlier on today thanks to the Capers’ 30 points and at 952 takes …a deep breath… Geopolitics in this extended Easter...
April 9th, 2018 | Chartering, Dry Bulkcarriers, Markets, Military, News, Oil Industry, Reports, Shipping Indices, Statistics, Stock Markets, Trade and Commerce | Read More

IMCA introduces changes to its eCMID vessel inspection database

IMCA introduces changes to its eCMID vessel inspection database
Mark Ford Over 2,300 vessels listed on the eCMID database The International Marine Contractors Association (IMCA) has seen a marked increase in the use of its eCMID inspection scheme for offshore vessels that benefit from an independent International Safety Management health check. Over 2,300 vessels...
March 7th, 2018 | Associations, Energy, Oil Industry, Oil Platforms and Rigs, Regulatory, Safety and Security | Read More

Maersk supply service completes first project with its new stingray SSV Maersk installer

Maersk supply service completes first project with its new stingray SSV Maersk installer
. Maersk Supply Service has successfully completed the first contract for one of its Stingray-class new-build subsea support vessel, Maersk Installer, with McDermott. Maersk Installer joined the project in January 2018, supporting the Vashishta  development off the East Coast of India. This is part...
March 1st, 2018 | Energy, Gas, Oil Industry | Read More