Archive for the ‘Oil Industry’ Category

Fight against Piracy and Armed Robbery against Ships in Asia Given a Boost …

Fight against Piracy and Armed Robbery against Ships in Asia  Given a Boost …
ReCAAP Information Sharing Centre Executive Director Masafumi Kuroki (L) andOCIMF Director Andrew Cassels affirm shared interest and collaboration with MOU Fight against Piracy and Armed Robbery against Ships in Asia  Given a Boost with Cooperation between ReCAAP Information Sharing Centre and OCIMF The...
July 25th, 2017 | Military, News, Oil Industry, Oil Platforms and Rigs, Organisations, Piracy and Terrorism, Politics and Government, Shipmanagement | Read More

Crude oil tanker owners take advantage of low newbuilding prices

Crude oil tanker owners take advantage of low newbuilding prices
… Too low to say no A prolonged period of weak contracting activity has forced shipyards to drop their newbuilding prices to levels not seen in decades. Crude oil tanker owners have decided to take advantage of the situation, despite the weakening earnings sentiment in their segment. by Jakub Walenkiewicz,...
July 21st, 2017 | Classification Societies, Markets, Oil Industry, Oil Platforms and Rigs, Reports, Statistics, Tankers | Read More

The BDI@948: asymmetrical rise amid Geopolitical uncertainty…

The BDI@948: asymmetrical rise amid Geopolitical uncertainty…
John Faraclas The BDI (Baltic Dry Index) gained another 16 points “offering” some short of breathing space but no one should be fooled. The Geopolitical mess is more serious than the hoi polloi think… John Faraclas’ daily report: The Capers gained 44 points and the BCI 2014 surpassed the 1,000...
July 19th, 2017 | Banking, Chartering, Company Profiles, Dry Bulkcarriers, Markets, Military, Oil Industry, Reports, Shipfinance, Shipping Indices | Read More

Cross-border coordination delivers complex multi-origin shipment to Azerbaijan

Cross-border coordination delivers complex multi-origin shipment to Azerbaijan
Re-loading of essential equipment at Poti, in transit to the Yuri Korchagin oil field in the Northern Caspian Sea GAC professionals in UK and Russia handled 500 tonnes of equipment to North Caspian oil field Grangemouth, Scotland, 19 July 2017 – GAC professionals in the UK and Russia have delivered...
July 19th, 2017 | Logistics, Oil Industry | Read More

Dry Market gains ten points; so what!

Dry Market gains ten points; so what!
John Faraclas The BDI (Baltic Dry Index) gained hooray hooray ten points earlier on today and now reads 830; the Geopolitics continue to be in a mess; John Faraclas’ daily market briefing: Yesterday we hinted that we might see the market going for an upwards mode and it did happened… The Capers lead...
July 11th, 2017 | Bribery and Corruption, Communication, Corruption, Dry Bulkcarriers, Energy, Environment, Markets, Military, News, Oil Industry, Religion, Reports, Safety and Security, Sanctions, Shipping Indices, Statistics, Stock Markets, Tankers, Trade and Commerce | Read More

Falling BDI, turbulent Geopolitics leads to Armageddon

Falling BDI, turbulent Geopolitics leads to Armageddon
John Faraclas The BDI (Baltic Dry Index) fell two points and now reads 820; the entire Geopolitical spectrum leads with mathematical accurancy to a modern and ultra-destructive Armageddon. John Faraclas’ daily report: With minimal and controlled losses the BDI now reads 820 points – a crucial point...
July 10th, 2017 | Associations, Breaking News, Bribery and Corruption, Chartering, Containers, Dry Bulkcarriers, Energy, Environment, European Union, Gas, Immigration, Markets, Military, News, Oil Industry, Organisations, Religion, Safety and Security, Sanctions, Shipfinance, Statistics, Stock Markets, Tankers, Trade and Commerce | Read More

GEODIS manages out-of-gauge refinery module the multimodal way for kinetics technology

GEODIS manages out-of-gauge refinery module the multimodal way for kinetics technology
.. The Industrial Projects activity of GEODIS is managing out-of-gauge shipments for a major oil & gas project for the international process engineering contractor Kinetics Technology (KT), part of the Maire Tecnimont Group. This oil and gas sector project involves shipments of oversize columns from...
July 10th, 2017 | Energy, Logistics, Markets, Oil Industry | Read More

Who isn’t afraid of the BDI@ 829…

Who isn’t afraid of the BDI@ 829…
John N. Faraclas The BDI (Baltic Dry Index) lost 18 points earlier on today and now stands uncomfortably at 829 points; the Geopolitics inclusive of the  G20 forum taking place tomorrow in Hamburg will determine a great deal of future politics and trade AND possibly the environment. John Faraclas’...
July 6th, 2017 | Associations, Bribery and Corruption, Charity, Chartering, Conferences, Seminars, Forums, Containers, Corruption, European Union, Food and Drink, IUA, Markets, Military, Oil Industry, Piracy and Terrorism, Politics and Government, Ports & Terminals, Press and Media, Safety and Security, Shipping Indices, Tankers, Trade and Commerce | Read More

Basic Equity Participation Agreement Made on FPSO Owning and Chartering Business for Oil and Gas Field, offshore Ghana

Basic Equity Participation Agreement Made on FPSO Owning and Chartering Business for Oil and Gas Field, offshore Ghana
… Four companies (hereinafter the “four partners”), namely, Kawasaki Kisen Kaisha, Ltd. (head office: Chiyoda-ku, Tokyo; President & CEO: Eizo Murakami; hereinafter “’K’ Line”), Sumitomo Corporation (head office: Chuo-ku, Tokyo; President & CEO: Kuniharu Nakamura), JGC Corporation...
July 4th, 2017 | Gas, Oil Industry, Oil Platforms and Rigs | Read More

The BDI@903; nothing spectacular…

The BDI@903; nothing spectacular…
John Faraclas The BDI (Baltic Dry Index) ended the day with 19 points plus surpassing the 900-point threshold and now stands at 903. The Geops (Geopolitics) might produce unexpected, undesired and asymmetrical situations. John Faraclas’ daily recap: The Capers lead the uncertainty with a volatile lift-off...
June 27th, 2017 | Chartering, Dry Bulkcarriers, Markets, Oil Industry, Reports, Shipping Indices, Statistics | Read More

Volatility grounds Capers below 1,000; Geops more than crucial

Volatility grounds Capers below 1,000; Geops more than crucial
John Faraclas The BDI (Baltic Dry Index) gained 15 points since yesterday and 19 since last week’s 851 points ending the week at 870; Geops (Geopolitics) simply sour. John Faraclas daily and weekly recap: The Capers lost another six points since yesterday and its respective BCI 2014 now stands at 987...
June 23rd, 2017 | Chartering, Dry Bulkcarriers, Markets, Military, Oil Industry, Piracy and Terrorism, Politics and Government, Reports, Shipping Indices, Statistics, Stock Markets, Tankers, Trade and Commerce | Read More

Daily Overview of Global Markets & the SEE Region (Wednesday, June 21, 2017)

Daily Overview of Global Markets & the SEE Region (Wednesday, June 21, 2017)
Dr. Platon Chief Market Economist, Deputy General Manager, Eurobank Ergasias S.A., HIGHLIGHTS WORLD ECONOMIC & MARKET DEVELOPMENTS GLOBAL MARKETS: Oil prices remained under pressure on oversupply jitters. Brent crude moved below $46bbl for the first time so far this year, initiating a bull flattening...
June 21st, 2017 | Banking, Company Profiles, Energy, Finance, Markets, News, Oil Industry, Person Profiles, Reports, Shipfinance, Statistics, Stock Markets | Read More

Thuraya IP M2M Service launched to connect the Internet of Remote Things

Thuraya IP M2M Service launched to connect the Internet of Remote Things
… The new service enables applications in utilities, logistics, oil and gas, and renewable energy DUBAI, UAE, 21 June, 2017 – Thuraya Telecommunications Company today announced the launch of the Thuraya IP M2M Service to support high volume, high throughput machine-to-machine (M2M) applications....
June 21st, 2017 | Alternative Sources of Energy, Energy, Environment, Gas, IT and Communications, Logistics, Oil Industry | Read More

DNV GL’s global network of verification experts to support major new contract with Maersk Oil

DNV GL’s global network of verification experts to support major new contract with Maersk Oil
Liv Hovem DNV GL has won a major contract to provide independent verification services for the Maersk Oil redevelopment of the Tyra Field, offshore Denmark. The Tyra field in the Danish North Sea has been at the centre of Denmark’s national energy infrastructure since 1984, providing 90% of the country’s...
June 21st, 2017 | Classification Societies, Energy, Marine Equipment Products and Services, News, Oil Industry, Technical, Technology | Read More

Panamaxes contain BDI loses

Panamaxes contain BDI loses
John Faraclas The BDI (Baltic Dry Index) lost three points since last Friday the 16th of June, thanks to the Panamaxes who gained 20 points earlier on today; the Geopolitical issues have gone beyond control and soon it will be chaos with Armageddon arriving soon. Terrorism and revenge ante portas. John...
June 19th, 2017 | Markets, Military, News, Oil Industry, Piracy and Terrorism, Politics and Government, Reports, Shipping Indices, Statistics, Stock Markets, Tankers, Trade and Commerce, UN | Read More

Industry project on standardizing subsea processing boosts up to Phase 2

Industry project on standardizing subsea processing boosts up to Phase 2
Kristin Nergaard Berg Subsea processing offers great potential for the oil and gas sector, but is also a relatively young field of technology, causing costly and inefficient tailor-made solutions. The DNV GL-led joint industry project (JIP) on standardizing subsea processing aims to reduce cost in a...
June 19th, 2017 | Classification Societies, Energy, Gas, Markets, Oil Industry, Underwater Shipping | Read More

What’s the BDI’s missing link? Geops in disarray… Grenfell Tower a liability for all

What’s the BDI’s missing link? Geops in disarray… Grenfell Tower a liability for all
John Faraclas The BDI closed earlier on today at 851 points; that’s four points down since yesterday and …two points up since last week’s 849 points. The Geops (Geopolitics) are in the worst possible state since the end of World War II! Any objections? If yes, then we are more than pleased to entertain...
June 16th, 2017 | Associations, Chartering, Dry Bulkcarriers, Events, Markets, News, Oil Industry, People and Places, Reports, Shipping Indices, Story of the Year, Tankers | Read More

LR successfully completes first classification survey of BP’s new Glen Lyon FPSO vessel

LR successfully completes first classification survey of BP’s new Glen Lyon FPSO vessel
The Glen Lyon FPSO 15 June 2017 – BP’s newest North Sea asset, the Glen Lyon floating production storage and offloading (FPSO) vessel, has been awarded full-term classification certificates for service in the Schiehallion and Loyal fields, 175 kilometres west of Shetland. Conditions west of Shetland...
June 15th, 2017 | Classification Societies, Energy, News, Oil Industry, Oil Platforms and Rigs, Technical, Technology, Underwater Shipping | Read More

Offshore rig market must drill deeper to achieve a lasting turnaround, says MSI

Offshore rig market must drill deeper to achieve a lasting turnaround, says MSI
MSI’s James Frew Analyst begins quarterly sector coverage by contrasting recent market optimism with the impact of rig utilisation rates on near-term earnings London, June 6, 2017. Maritime Strategies International (MSI), a leading independent research and consultancy, has forecast a challenging...
June 6th, 2017 | Drill ships, Manning - Seafarers and Offshore, Markets, Oil Industry, Oil Platforms and Rigs | Read More

Contained losses with the BDI@912; be alerted on Geopolitics and Terrorism…

Contained losses with the BDI@912; be alerted on Geopolitics and Terrorism…
John Faraclas The BDI (Baltic Dry index) lost six points given that there was a contained loss for both the Capers and Panamaxes; geopolitics are worsening and Terrorism of ANY kind must be curbed. John Faraclas’ daily and weekly report: The BDI was also down  44 points since last week’s closing...
May 26th, 2017 | Bribery and Corruption, Chartering, Climate, Container shipping, Dry Bulkcarriers, Emissions, Environment, European Union, Events, Health and Safety, Liner Shipping and Trade, Marine Insurance, Maritime Tourism, Markets, Military, News, Oceanology, Oil Industry, People and Places, Piracy and Terrorism, Politics and Government, Pollution, Ports & Terminals, Reports, Safety and Security, Shipping Indices, Statistics, Stock Markets, Tankers, Trade and Commerce, UN | Read More

Capt. Antonio M. Padrón visits the new port of Granadilla

Capt. Antonio M. Padrón visits the new port of Granadilla
An aerial view of Puerto de Granadilla Capt. Antonio M. Padrón, “IMO Maritime Ambassador” and Maritime Authority of Tenerife visited the works of the new port of GRANADILLA, in Tenerife The visit was also attended by representatives of the Port Authority of Tenerife, the Maritime Authority...
May 23rd, 2017 | Associations, Oil Industry, Oil Platforms and Rigs, Ports & Terminals | Read More

General cargo leads Marseille Fos Q1 results

General cargo leads Marseille Fos Q1 results
Marseilles passenger terminal – picture credits Anny Zade First-quarter cargo throughput at leading French port Marseille Fos was marked by strong growth in general cargo – container, ro-ro and conventional traffic – which totalled 4.98 million tonnes for an 11% increase on January-March last...
May 12th, 2017 | Automobiles, Automobiles, Car trade, Coastal Shipping, Container shipping, Cruise Ferry, Cruise Industry, Dry Bulkcarriers, Gas, Liner Shipping and Trade, LNG, LPG, Maritime Tourism, Markets, Oil Industry, Ports & Terminals, Reefer Containers, Reports, Statistics, Tankers | Read More

VesselsValue launches OSV discounted Cash Flow Valuations

VesselsValue launches OSV discounted Cash Flow Valuations
… Global OSV fleet has a Discounted Cash Flow value 2.5 times higher than its Market Value VesselsValue (VV), the world’s leading online valuation provider, is launching daily Discounted Cash Flow (DCF) valuations for Offshore Support Vessels (OSVs). This new valuation type looks to increase VesselsValue’s...
May 8th, 2017 | Energy, Oil Industry, Oil Platforms and Rigs, Sales and Purchases | Read More

Capt. Antonio M. Padrón participates in the 1st Iberoamerican Offshore Congress

Capt. Antonio M. Padrón participates in the 1st Iberoamerican Offshore Congress
Capt. Antonio M. Padrón delivering his paper Capt. Antonio M. Padrón, IMO Maritime Ambassador and Maritime Authority of Tenerife, participated in the “1st Iberoamerican Offshore Congress” held in Venezuela The Congress was organized by the CONSORCIO COSTA AFUERA, under the slogan “Towards...
May 6th, 2017 | Academia, Energy, Events, Conferences,Forums and Symposiums, Gas, HR, Maritime Education and Training, Oil Industry, Oil Platforms and Rigs, Shiprepair | Read More

Golden Week’s BDI@994 is a reality…

Golden Week’s BDI@994 is a reality…
John Faraclas The BDI went under the 1,000 point threshold thanks to the Golden Week in the FarEast… The geopolitical events have deepened causing more concern. John Faraclas’ daily and weekly recap: The BDI lost ten points since yesterday and now stands at 994; it lost 115 points since last week’s...
May 5th, 2017 | Banking, Dry Bulkcarriers, Energy, Fixtures, Markets, Military, News, Oil Industry, Reports, Sales and Purchases, Shipfinance, Shipping Indices, Statistics, Stock Markets, Tankers, Trade and Commerce | Read More