Archive for the ‘Oil Industry’ Category

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

Smart people for smart shipping

Smart people for smart shipping
l to r: Dr. Martin Stopford, Jemima Harris, Dr. Kirsi Tikka and Sue Terpilowski Having looked at various topics of interest in recent months such as China’s emerging One Belt, One Road strategy and the growth of renewables in the global energy mix, Clarksons’ latest special seminar turned its attention...
February 23rd, 2018 | Chartering, Classification Societies, Dry Bulkcarriers, Events, Conferences,Forums and Symposiums, LNG, Markets, Oil Industry, Ship Demolitions, Statistics, Tankers, Trade and Commerce, WISTA - Women in Shipping | Read More

Rick Meidel joins Crowley Fuels as VP and General Manager in Alaska

Rick Meidel joins Crowley Fuels as VP and General Manager in Alaska
Rick Meidel (ANCHORAGE, Alaska; February 8, 2018) – Crowley Fuels announced today that Rick Meidel has joined the company as vice president and general manager, responsible for the performance and day-to-day operations of Crowley’s Alaska division. He will be based in Anchorage and report to Rocky...
February 8th, 2018 | Company Profiles, Energy, Marine Equipment Products and Services, Oil Industry, Person Profiles | Read More

BDI dives further

BDI dives further
John Faraclas The BDI (Baltic Dry Index) lost another 39 points  since yesterday and now stands at 1,114 points sending warnings …”shots” all around… The Wets too on a downfall mode and Geopolitics must question our patience as things escalate and WWIII might engulf us all very soon...
February 1st, 2018 | Chartering, Containers, Dry Bulkcarriers, Markets, Oil Industry, Religion, Reports, Shipping Indices | Read More

The New Legal Regime for the Hydrocarbon Market in Mexico

The New Legal Regime for the Hydrocarbon Market in Mexico
Marcela Marquez The New Legal Regime for the Hydrocarbon Market in Mexico by Marcela Marquez*, Mexico City, Mexico The Energy Reform approved in 2013 developed a new legal regime for oil and gas exploration and extraction activities as well as the electric sector. The two main state-owned companies:...
February 1st, 2018 | Comment, Gas, Legal, Markets, Oil Industry | Read More

LADOL Free Zone celebrates historic arrival of Egina FPSO

LADOL Free Zone celebrates historic arrival of Egina FPSO
Largest Vessel in West Africa, 330m long, Total Egina FPSO arrives at LADOL for final integration and fabrication First Floating Production Storage and Offloading (FPSO) vessel to berth and be integrated in West Africa FPSO fabrication and integration at LADOL is a major achievement for local content...
January 25th, 2018 | Markets, Oil Industry, Oil Platforms and Rigs | Read More

Jack Up Values Increase 36% in One Year

Jack Up Values Increase 36% in One Year
Rising oil prices have drawn more eyes to the offshore markets. There are signs of green shoots after a period of depressed sentiment that started in late 2014, pushing asset values downwards through 2016. VV’s Fixed Age Values for a 5 year old Jack Up Rig has increased 36% from Jan 2017, when...
January 23rd, 2018 | Markets, Oil Industry, Oil Platforms and Rigs | Read More

Widen BDI losses as the Capes dive…

Widen BDI losses as the Capes dive…
John Faraclas The BDI ended up… down at 1,164 points – minus 57 due to the unprecedented but expected from this medium Capers volatility and fall… Geopolitics continue to deteriorate in all fronts. John Faraclas brief market report: The Capers following yesterday’s loss of 221 points today same...
January 17th, 2018 | Chartering, Dry Bulkcarriers, Events, Markets, Oil Industry, Shipping Indices, Statistics, Stock Markets | Read More

Liberia strikes blow for global shipping with challenge to Brazilian court ruling

Liberia strikes blow for global shipping with challenge to Brazilian court ruling
Scott Bergeron The Liberian Registry, in co-operation with the International Chamber of Shipping (ICS), has succeeded in helping the holder of a Liberian mortgage to overturn a decision of the Brazilian courts which, if left uncontested, could have had serious adverse legal and economic consequences...
November 20th, 2017 | Associations, Banking, Energy, Flags, International Chamber of Shipping, Legal, Markets, Oil Industry, Oil Platforms and Rigs, Shipfinance | Read More

The BDI@1,361: further, but milder fall

The BDI@1,361: further, but milder fall
John Faraclas The BDI fell another 13 points earlier on today, a bit of  a milder fall as the losses for both Capers and Panamaxes as well as for the Supras have been halved. Geopolitics still an issue, greatly affecting the trade and, coupled with a real credit crunch, might lead to disasters. John...
November 16th, 2017 | Anniversaries, Art and auctions, Dry Bulkcarriers, Events, Exhibitions, Food and Drink, LNG, Markets, Military, News, Oil Industry, Paintings and Sculpture, Reports, Shipping Indices, Statistics, Stock Markets, Tankers | Read More

The BDI@1,477 – a bit of …“breathing” space amid global uncertainty

The BDI@1,477 – a bit of …“breathing” space amid global uncertainty
John Faraclas The BDI (Baltic Dry Index)  finally gained four points and this breathing space might, repeat, might prove vital… but still we are far away from the 2,247 points of  of 31 Dec 2017, still a 770 points gap. Geopolitics might get sour as beyond the “usual” war between blocks and alliances...
November 7th, 2017 | Books, Chartering, Dry Bulkcarriers, Events, Conferences,Forums and Symposiums, Exhibitions, Markets, Military, Oil Industry, Piracy and Terrorism, Reports, Shipping Indices, Statistics, Stock Markets, Tankers, Tourism, Trade and Commerce | Read More