Archive for the ‘Oil Industry’ Category

Record turnover for LIQUI MOLY with lower growth

Record turnover for LIQUI MOLY with lower growth
Ernst Prost, LIQUI MOLY CEO Trade disputes, a weak ruble and low crude oil prices have slowed down the German oil and additive specialist December 2018 – During its first year as part of the Würth Group LIQUI MOLY has chalked up a new record turnover. But the growth has been more subdued than previously....
December 27th, 2018 | Company Profiles, Oil Industry, Reports | Read More

Mid-week blues with the BDI@1,378

Mid-week blues with the BDI@1,378
John N. Faraclas The BDI (Baltic Dry Index) lost 17 points earlier on today; Geopolitics still enigmatically perplexed …and the Chios Marine Club Christmas party makes waves. John Faraclas’ daily recap: Another triple-digit points were lost for the Capes’ BCI  now standing at 2,264 – minus...
December 19th, 2018 | Charity, Chartering, Comment, Dry Bulkcarriers, Events, Markets, News, Oil Industry, People and Places, Shipping Indices, Tankers, Trade and Commerce | Read More

Angus Procter elected as wet FFABA Chairman

Angus Procter elected as wet FFABA Chairman
Angus Procter Angus Procter, of Braemar ACM-GFI, has been elected as Chairman of the Wet FFA Brokers Association (FFABA). He replaces Pat Donnelly, also of Braemar ACM-GFI, who has chaired the group, which represents the worldwide community of tanker Forward Freight Agreement (FFA) brokers, since 2017.  Founded...
December 19th, 2018 | Markets, News, Oil Industry | Read More

The BDI@1,395… Volatility yet again

The BDI@1,395… Volatility yet again
John Faraclas The BDI (Baltic Dry Index) lost 11 points earlier on today thanks to the as ever volatile Capes; perplexed Geopolitics can cause tsunamis with incalculable repercussions for all on Planet Ocean… AND Christmas parties to the fore. John Faraclas’ daily recap: The Capes’ BCI  lost 40...
December 18th, 2018 | Chartering, Dry Bulkcarriers, Markets, Oil Industry, Reports, Shipping Indices, Statistics, Stock Markets, Tankers, Trade and Commerce | Read More

Shipping, logistics and marine giant GAC to set up operations at Khalifa Industrial Zone Abu Dhabi (KIZAD)

Shipping, logistics and marine giant GAC to set up operations at Khalifa Industrial Zone Abu Dhabi (KIZAD)
  Samir Chaturvedi, KIZAD CEO and GAC Abu Dhabi’s Managing Director, Göran Eriksson Leading integrated shipping, logistics and marine services provider GAC is opening a warehouse and open yard in the Middle East’s largest industrial zone and a subsidiary of Abu Dhabi Ports, Khalifa Industrial...
December 18th, 2018 | Company Profiles, Construction, Consumers Market, Gas, Logistics, News, Oil Industry, Ports & Terminals, Ship Agencies | Read More

IMCA holds highly successful annual seminar

IMCA holds highly successful annual seminar
Allen Leatt, IMCA’s CEO at the IMCA Annual Seminar in The Hague Inspirational speakers captivate an audience of 300 delegates from across the industry The International Marine Contractors Association’s (IMCA) Annual Seminar was enthusiastically greeted by delegates in a packed theatre at The World...
December 10th, 2018 | Associations, Conferences, Seminars, Forums, Energy, Oil Industry, Oil Platforms and Rigs | Read More

The BDI on an upwards but still on a volatile and enigmatic mode…

The BDI on an upwards but still on a volatile and enigmatic mode…
John Faraclas The BDI (Baltic Dry Index) gained earlier on 33 points and now stands at 1,372 points – thanks mainly to the Capes’ triple-digit daily and weekly gains. Geopolitics still perplexed! Air-Travel schedules still an issue… John Faraclas’ daily and weekly brief recap: The weekly BDI’s...
December 7th, 2018 | Airline Industry, Aviation, Awards, Charity, Chartering, Clubs, Dry Bulkcarriers, Events, Conferences,Forums and Symposiums, Markets, Military, Oil Industry, People and Places, Press and Media, Reports, Shipping Indices, Stock Markets, Tankers, Trade and Commerce | Read More

The BDI@1,231: life is a rollercoaster!

The BDI@1,231: life is a rollercoaster!
John Faraclas The BDI (Baltic Dry Index) lost 50 points and now stands at 1,231 points. Geopolitics are about to bring a Shakespearean Tempest revisited; John Faraclas’ daily and weekly recap: On a weekly basis the BDI was up 138 points – from 1,093, thanks to the Capes’ erroneous skyrocking earlier...
November 30th, 2018 | Chartering, Conferences, Seminars, Forums, Dry Bulkcarriers, Earthquakes, Tsunamis, Cyclones and Typhoons, Environment, Insight, Markets, Military, News, Oil Industry, Piracy and Terrorism, Reports, Shipping Indices, Statistics, Stock Markets, Tankers, Trade and Commerce | Read More

Wärtsilä: Reduce Opex and Become Greener

Wärtsilä: Reduce Opex and Become Greener
.. The oil & gas industry was plunged into turmoil when the oil price crashed in 2014. To get back on track, the industry has been forced to transform. It has been forced to figure out new ways of working and apply new solutions to remain profitable while oil price fluctuates. The question that...
November 30th, 2018 | Accountancy, Drill ships, Environment, Gas, Marine Equipment Products and Services, Oil Industry, Oil Platforms and Rigs, Shipmanagement, Technology | Read More

Naviera Integral signs contract with Damen for its 15th Fast Crew Supplier FCS 5009

Naviera Integral signs contract with Damen for its  15th Fast Crew Supplier FCS 5009
from the contract signing on a l to r: Josien Damen (wife of  Kommer Damen), Julio Montelongo Flores (Operational Director, Naviera Integral), Juan Pablo Vega Torre (Vicepresident, Naviera Integral), René Berkvens (CEO, Damen Shipyards Group), Juan Pablo Vega Arriaga (President, Naviera Integral),...
November 29th, 2018 | Marine Equipment Products and Services, Oil Industry, Oil Platforms and Rigs, Shipbuilding and Shipyards | Read More

American Club: Iran sanctions update – Iranian crude oil shipment waivers

American Club: Iran sanctions update – Iranian crude oil shipment waivers
Joseph E.M. Hughes, Chairman and CEO, Shipowners Claims Bureau, Managers for The American Club In Club Circular 41/18 of November 6, 2018 Members were informed of the reimposition of US secondary sanctions against Iran in the aftermath of the US Administration’s decision to withdraw from the...
November 28th, 2018 | Markets, News, Oil Industry, P and I Clubs, Sanctions, Trade and Commerce | Read More

FUGRO Generates AUD 10 million cost saving award-winning ROV deployment technique

FUGRO Generates AUD 10 million cost saving award-winning ROV deployment technique
Fugro’s award-winning PDROV technology delivers substantial cost-savings and operational improvements. Fugro’s innovative use of platform deployed ROV (PDROV) technology has demonstrated substantial reductions in the costs of subsea jacket inspections and significant operational improvements. Recognised...
November 21st, 2018 | Energy, Gas, Oceanology, Oil Industry, Underwater Shipping | Read More

The BDI@1,023: still unsustainable amid Geopolitical turmoil

The BDI@1,023: still unsustainable amid Geopolitical turmoil
John Faraclas The BDI (Baltic Dry Index) lost eight points earlier on today with all other dry indices in red… Geopolitics more than crucial given the MIGRANTS, BREXIT, Italy et al… John Faraclas’ daily brief: The Capes’ BCI  lost seven and now stand at 1,050 points… A double digit loss for...
November 19th, 2018 | Chartering, Dry Bulkcarriers, Energy, Markets, Military, News, Oil Industry, Oil Platforms and Rigs, Photography, Piracy and Terrorism, Politics and Government, Reports, Shipping Indices, Statistics, Stock Markets, WISTA - Women in Shipping | Read More

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