Archive for the ‘Oil Industry’ Category

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

Fugro applies market-leading seeps expertise to Canada’s growing offshore industry

Fugro applies market-leading seeps expertise to Canada’s growing offshore industry
Fugro Discovery Fugro has teamed up with Amplified Geochemical Imaging (AGI) to acquire offshore hydrocarbon seep data in advance of Canada’s 2018 east coast bid round. Bathymetry, backscatter and water column anomaly data will be collected to pull together a comprehensive picture of surficial geological...
October 25th, 2017 | Energy, Oil Industry, Underwater Shipping | Read More

Are the shipping markets losing steam or what…?

Are the shipping markets losing steam or what…?
John Faraclas With the BDI  (Baltic Dry Index) at 1,588 points, plus two it seems that we are in an odd market. Geopolitics are so perplexed and you must have magic, superior qualities to know and understand of is yet to come. John Faraclas’ brief daily recap: The volatile Capers’ BCI gained 15...
October 24th, 2017 | Chartering, Dry Bulkcarriers, Markets, Military, News, Oil Industry, Piracy and Terrorism, Reports, Shipping Indices, Statistics, Stock Markets | Read More

Volatility and loss of steam keeps the BDI@1,566…

Volatility and loss of steam keeps the BDI@1,566…
John Faraclas The BDI (Baltic Dry Index) closed earlier on today 14 points up since yesterday given the marginal minus losses of the Panamaxes. Geopolitics are getting worse all over Planet Ocean; CAUTION. John Faraclas’ daily briefing: The Capers produced only 55 points plus, nearly half since the...
October 18th, 2017 | Chartering, Dry Bulkcarriers, Markets, News, Oil Industry, Reports, Statistics, Stock Markets, Tankers | Read More

FUGRO boosts offshore wind projects in Taiwan

FUGRO boosts offshore wind projects in Taiwan
The Fugro Equinbox Global experience at over 100 offshore wind farms has led to involvement for Fugro in the emerging offshore wind farm market in Taiwan.  Complementing its 30 years of experience offshore Taiwan, Fugro has completed geotechnical and geophysical surveys for feasibility studies, installation,...
October 13th, 2017 | Alternative Sources of Energy, Energy, Gas, Marine Equipment Products and Services, Oil Industry, Technical, Technology | Read More

Capers down; Panamaxes up: a balancing act in an unending crisis…?

Capers down; Panamaxes up: a balancing act in an unending crisis…?
John Faraclas The BDI (Baltic Dry Index) was up just six point today at 1,411 proving once again our views AND not our fears – to make things clear, on how uncertain and without steam the Markets stand. Geopolitics on par with our past reporting: simply getting worse. John Faraclas’ daily recap: The...
October 9th, 2017 | Dry Bulkcarriers, Insight, Markets, Military, Oil Industry, Reports, Shipping Indices, Statistics, Stock Markets, Tankers, Trade and Commerce | Read More

Hot Port News from GAC

Hot Port News from GAC
  08-Oct-2017 FIRE IN TANK AT OIL TERMINAL Mumbai, India Fire in tank at oil terminal Sunday, October 8, 2017, Mumbai, India Vessel traffic in Mumbai Port continues to be disrupted following a fire started by a lightning strike out in a tank at Jawahar Dweep oil terminal on...
October 8th, 2017 | Emissions, Maritime Accidents, Markets, Oil Industry, Port Conditions, Ports & Terminals, Safety and Security | Read More

The BDI@1,405: a controlled correction…?

The BDI@1,405: a controlled correction…?
John Faraclas The BDI (Baltic Dry Index) and in general the markets do not surprise us at all with their performance and behaviour so far needless to say their volatility; the Geopolitics are so perplexed and enigmatic that either you consult …the oracle or use your own shipping business intuition...
October 6th, 2017 | Chartering, Conferences, Seminars, Forums, Containers, Dry Bulkcarriers, Events, Markets, Military, Oil Industry, Organisations, Piracy and Terrorism, Politics and Government, Ports & Terminals, Reefer Containers, Reefer ships, Reports, Sales and Purchases, Ship Demolitions, Ship Finance, Shipbuilding and Shipyards, Shipping Indices, Statistics, Stock Markets, Tankers, Trade and Commerce | Read More

The BDI@1,355, Wets unstable amid messy Geopolitics

The BDI@1,355, Wets unstable amid messy Geopolitics
John Faraclas The  BDI (Baltic Dry Index) begins  the week with gains; 23 points plus since last Friday the 8th of September, and at 1,355 points “makes” a bit of better sense… The Wets with mixed feelings and the Geopolitics messy as ever. John Faraclas’ brief daily recap: The...
September 11th, 2017 | Conferences, Seminars, Forums, Dry Bulkcarriers, London Shipping Law Centre, Markets, Military, Oil Industry, Piracy and Terrorism, Reports, Shipping Indices, Tankers, Trade and Commerce | Read More

Capers volatility lift the BDI and Wets too amid nature’s tempest…

Capers volatility lift the BDI and Wets too amid nature’s tempest…
John Faraclas The BDI (Baltic Dry Index) gained another 36 points earlier on and now reads 1,332; on a weekly basis it was up 150 points raising hopes but we want you all to stay put until the BDI goes over and above the  2,200 points – the December 2013 level! The Wets were also up but with very...
September 8th, 2017 | Chartering, Conferences, Seminars, Forums, Container shipping, Containers, Dry Bulkcarriers, Earthquakes, Tsunamis, Cyclones and Typhoons, Energy, Environment, Events, Exhibitions, Markets, Military, News, Oil Industry, People and Places, Piracy and Terrorism, Pollution, Ports & Terminals, Safety and Security, Sailing, Shipping Indices, Sports, Statistics, Stock Markets, Tankers, Weather, Yachting | Read More

BP’s Glen Lyon FPSO classed by DNV GL

BP’s Glen Lyon FPSO classed by DNV GL
BP Glen Lyon – picture credits BP DNV GL has awarded class to BP’s Glen Lyon Floating Production Storage and Offloading (FPSO) vessel located west of Shetland. DNV GL’s Maritime and Oil & Gas business areas have been working closely together, to provide BP with a broad range of technical...
September 8th, 2017 | Classification Societies, News, Oil Industry, Oil Platforms and Rigs | Read More

Capers “lift” the BDI whilst Wets fell sharply

Capers “lift” the BDI whilst Wets fell sharply
  John Faraclas The BDI (Baltic Dry Index) gained 46 points and now stands at 1,296 – nearly 1,000 points below December’s 2013 closing. The Wets fell sharply and Geopolitics as we have predicted are about to create millions of MIGRANTS, more Terrorists and total chaos will be the name of the...
September 7th, 2017 | Chartering, Containers, Dry Bulkcarriers, Markets, Oil Industry, Reports, Shipping Indices, Statistics, Stock Markets, Tankers | Read More

Gas to become world’s primary energy source by 2035

Gas to become world’s primary energy source by 2035
Elisabeth Tørstad, CEO, DNV GL – Oil & Gas Oil and gas will be crucial components of the world’s energy future, according to DNV GL’s forecast of the energy transition. While renewable energy will grow its share of the energy mix, oil and gas will account for 44% of world energy supply in...
September 5th, 2017 | Classification Societies, Gas, News, Oil Industry | Read More

The Board of Oslo Børs approves Borr Drilling for listing

The Board of Oslo Børs approves Borr Drilling for listing
28/08/2017 – At its meeting on 28 August 2017, the Board of Directors of Oslo Børs resolved to admit the shares in Borr Drilling Ltd. to listing on Oslo Børs. The Board resolved to grant an exemption from the listing requirements regarding three years’ history and activity, cf. the Listing...
August 28th, 2017 | Gas, Oil Industry, Oil Platforms and Rigs, Stock Markets | Read More

IMCA publishes ROV personnel and Vehicle stats

IMCA publishes ROV personnel and Vehicle stats
Richard Benzie The International Marine Contractors Association (IMCA) has long collected information both on personnel working on remotely operated vehicles (ROVs) and also on the types of ROV in operation. There has now been a thorough reassessment of the original reported data going back to 2010 in...
August 22nd, 2017 | Associations, Construction, Environment, HR, Jobs, Manning - Seafarers and Offshore, Markets, Oil Industry, Underwater Shipping | Read More

DNV GL applies data analytics techniques to reduce downtime

DNV GL applies data analytics techniques to reduce downtime
Kjell Einar Eriksson Opportunities for digitalization are currently being embraced by the oil and gas sector. However, there are few practical use cases of it yet. Lundin Norway and DNV GL have developed the first step in a solution for predicting unplanned shutdowns of Lundin Norway’s Edvard Grieg...
August 18th, 2017 | Classification Societies, Gas, IT and Communications, Marine Equipment Products and Services, News, Oil Industry, Technical, Technology | Read More

Wets Dry out… and geopolitics ignite

Wets Dry out… and geopolitics ignite
John Faraclas It is always that we all go firstly for the Dry Markets and the BDI (Baltic Dry Index) and on …second thoughts we refer and advise you on the Wets… as main news on the Markets which are edging towards the bottom lately… Geopolitics are about to ignite, delivering more and more mess!...
August 15th, 2017 | Chartering, Dry Bulkcarriers, Markets, Military, News, Oil Industry, Politics and Government, Reports, Shipping Indices, Tankers, Trade and Commerce | Read More

The BDI loses steam again; Geopolitics in jeopardy…

The BDI loses steam again; Geopolitics in jeopardy…
John Faraclas With only two points plus the BDI (Baltic Dry Index) at 1,038 loses steam yet again and we reiterate the view that the need of an injection as we stressed yesterday, is a MUST. Geopolitics are so bad that the entire economy on Planet Ocean may actually collapse despite the figures you see...
August 8th, 2017 | Chartering, Container shipping, Containers, Dry Bulkcarriers, Immigration, Liner Shipping and Trade, Markets, News, Oil Industry, Politics and Government, Reports, Shipping Indices, Statistics, Stock Markets, Tankers, Trade and Commerce | Read More

The BDI makes it over the 1,000 but Geopolitics didn’t…

The BDI makes it over the 1,000 but Geopolitics didn’t…
John Faraclas – picture credits Panagiotis Tsakos Photography – At 1,023 points the BDI, thanks primarily to the volatile Capers and then to the promising Panamaxes managed to gain thirty points; the Geopolitics just offer the worse possible example of how we might see the trade collapse....
August 3rd, 2017 | Chartering, Dry Bulkcarriers, European Union, Markets, Military, News, Oil Industry, Piracy and Terrorism, Politics and Government, Reports, Shipping Indices, Statistics, Stock Markets, Tankers, Trade and Commerce | Read More

DNV GL carries out its first offshore drone survey

DNV GL carries out its first offshore drone survey
DNV GL has carried out its first offshore drone survey on board the tender support vessel Safe Scandinavia. (Credit: DNV GL) Hamburg, 3 August 2017: DNV GL surveyors have carried out the classification society’s first offshore drone survey on the semisubmersible vessel Safe Scandinavia in the North...
August 3rd, 2017 | Classification Societies, Film Industry, News, Oil Industry, Oil Platforms and Rigs, Reports, Technical, Technology | Read More

Crowley supports Stampede Platform tow-out and installation in the U.S. Gulf

Crowley supports Stampede Platform tow-out and installation in the U.S. Gulf
Hess’ Stampede tension-leg platform (TLP) under tow (CORPUS CHRISTI, Texas; Aug. 2, 2017) – Crowley Maritime Corp.’s ocean class tugboats and 455-series high-deck strength barges recently played an integral role in the safe, successful tow-out and installation of Hess’ Stampede tension-leg...
August 2nd, 2017 | Associations, Oil Industry, Oil Platforms and Rigs, Salvage, Towage, Wreck Removals | Read More

The Capers save the day – yet again…

The Capers save the day – yet again…
John Faraclas The BDI gained 19 points earlier on today and now stands at 965 thanks to the Capers’ triple digit figure. The world is being subjected to enigmatic Geopolitics and only Zeus knows with …Ajax what’s next. Over the last two reports – yesterday and on Friday 28th of July,...
August 1st, 2017 | Chartering, Dry Bulkcarriers, Markets, News, Oil Industry, Oil Platforms and Rigs, Reports, Shipping Indices, Statistics, Stock Markets, Tankers | Read More

Falling BDI@933 and Wets too; Geopolitical tremors are now felt…

Falling BDI@933 and Wets too; Geopolitical tremors are now felt…
John Faraclas The BDI (Baltic Dry Index) fell nine points earlier on today from yesterday’s 942 points and 44 points since last Friday the 21st of July when it stood at 977; a midsummers’ mess. Geopolitics are looking more than explosive in all fronts. John Faraclas’ daily and weekly recap: The...
July 28th, 2017 | Dry Bulkcarriers, European Union, Markets, Military, News, Oil Industry, Piracy and Terrorism, Sales and Purchases, Ship Finance, Shipping Indices, Statistics, Stock Markets, Tankers, Trade and Commerce | Read More