Archive for the ‘Oil Industry’ Category

RMT demands urgent action as oil and gas workforce falls by 40% in COVID-19 crisis and global price war

RMT demands urgent action as oil and gas workforce falls by 40% in COVID-19 crisis and global price war
Mick Cash RMT demands urgent action as oil and gas workforce falls by 40% in COVID-19 crisis and global price war OFFSHORE union RMT is demanding urgent and immediate action as operators rush to slash jobs and contracts in response to the Coronavirus emergency and the oil price war which has driven oil...
March 27th, 2020 | Gas, Labour Disputes, Manning - Seafarers and Offshore, Oil Industry | Read More

RMT calls for government action to save the offshore oil and gas sector

RMT calls for government action to save the offshore oil and gas sector
Mick Cash RMT calls for government action to save the offshore oil and gas sector OFFSHORE union RMT demanded action now to save workers’ jobs and skills from the catastrophic effects of COVID-19 and the collapse in the price of oil to under $25 per barrel in a letter sent today to the Chancellor of...
March 25th, 2020 | Health and Safety, HR, Oil Industry, Rail | Read More

In A Time of Crisis – Could a Jones Act Waiver be on the Way?

In A Time of Crisis – Could a Jones Act Waiver be on the Way?
.. In a Time of Crisis – Could a Jones Act Waiver be on the Way? On Wednesday March 18, 2020, crude prices fell to their lowest levels in 18 years. As companies and industries around the world are bracing for an unknown global economic slowdown brought on by COVID-19, domestic oil companies and others...
March 19th, 2020 | Markets, Oil Industry, Stock Markets, Tankers, Trade and Commerce | Read More

Trish Skoglund Joins Crowley Fuels to Lead Sales and Supply for Alaska

Trish Skoglund Joins Crowley Fuels to Lead Sales and Supply for Alaska
Trish Skoglund Trish Skoglund Joins Crowley Fuels to Lead Sales and Supply for Alaska (ANCHORAGE, Alaska.; March 5, 2020) ­– Trish Skoglund has been appointed vice president of sales and supply for Crowley Fuels LLC, one of Alaska’s leading petroleum transportation, distribution and sales companies...
March 5th, 2020 | Company Profiles, Energy, Oil Industry, Person Profiles, Supply ships, Trade and Commerce, WISTA - Women in Shipping | Read More

IMCA driving collaboration offshore Brazil

IMCA driving collaboration offshore Brazil
Captain Andy Goldsmith IMCA driving collaboration offshore Brazil The International Marine Contractors Association (IMCA) is presenting at The Global Offshore Brazil Summit in Rio de Janeiro on 3 March 2020.  IMCA’s Captain Andy Goldsmith, Technical Adviser – Marine and Fugro’s John Chatten,...
February 26th, 2020 | Conferences, Seminars, Forums, Oil Industry, Underwater Shipping | Read More

BIMCO Shipping Market Outlook Feb 2020: Oil Tankers and Macroeconomics

BIMCO Shipping Market Outlook Feb 2020: Oil Tankers and Macroeconomics
Peter Sand BIMCO Shipping Market Outlook Feb 2020: Oil Tankers and Macroeconomics  Macroeconomics: clear risks to global growth in 2020 Across the world, there are signs that global trade tensions are easing: the US and China have signed “Phase One” of a trade agreement, which – importantly –...
February 25th, 2020 | BIMCO, Chartering, Energy, Fixtures, Insight, Markets, Oil Industry, Oil Platforms and Rigs, Reports, Tenders | Read More

Coronavirus causes China Crude disruption

Coronavirus causes China Crude disruption
Coronavirus causes China Crude disruption Using satellite tracking technology, we have compared China’s real time demand for seaborne crude oil from the Middle East in recent weeks against the same period last year. The coronavirus has coincided with Chinese New Year, so we have compared data...
February 14th, 2020 | Health and Safety, Oil Industry, Tankers, Trade and Commerce | Read More

US seaborne crude oil export jump 51% in 2019 – BIMCO shipping number of the week

US seaborne crude oil export jump 51% in 2019 – BIMCO shipping number of the week
The BIMCO House US seaborne crude oil export jump 51% in 2019 – BIMCO shipping number of the week December could boast another all-time high for US seaborne crude oil exports, totalling 13.9 million tonnes and exceeding the previous October record by almost a million tonnes. In 2019, 133m tonnes...
February 12th, 2020 | BIMCO, Energy, Oil Industry | Read More

The “F” word “applies” for the Markets and Geopolitics too…

The “F” word “applies” for the Markets and Geopolitics too…
John Faraclas The “F” word “applies” for the Markets and Geopolitics too… The falling markets, an unprecedented for many development – although we have witnessed a BDI down to 290 points in Feb 10 2016 and the falling apart of the European Union with the United Kingdom’s BREXIT  is the...
January 31st, 2020 | Chartering, Comment, Cruise Industry, Dry Bulkcarriers, European Union, Events, Health and Safety, IMO, Insight, Markets, Military, News, Oil Industry, Politics and Government, Reports, Safety and Security, Shipping Indices, Statistics, Stock Markets | Read More

Fugro awarded geotechnical contract for KrisEnergy’s Cambodia’s Apsara field

Fugro awarded geotechnical contract for KrisEnergy’s Cambodia’s Apsara field
Fugro Mariner Fugro awarded geotechnical contract for KrisEnergy’s Cambodia’s Apsara field Fugro has been awarded a geotechnical contract for Apsara oil field in Block A, offshore Cambodia, as part of the nation’s first hydrocarbon development. The Apsara field lies over the...
January 28th, 2020 | Energy, Oil Industry | Read More

Markets dramatic fall

Markets dramatic fall
John Faraclas Markets dramatic fall The BDI (Baltic Dry Index) lost 19 points earlier on today and now stands at 557 which is also 197 points down since last week’s 754 points. The Geopolitical perplexed mess continues with the Year of the Rat ante portas. All in all, as we have said last year, 2020...
January 24th, 2020 | Chartering, Dry Bulkcarriers, Flags, IMO, Markets, News, Oil Industry, Politics and Government, Sanctions, Shipping Indices | Read More

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