Archive for the ‘Oil Industry’ Category

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

‘Gas & Gunboats in the Eastern Mediterranean’ – Demetrius A. Floudas — Hughes Hall, University of Cambridge – 10 June 2019, 17:30

‘Gas & Gunboats in the Eastern Mediterranean’ – Demetrius A. Floudas — Hughes Hall, University of Cambridge – 10 June 2019, 17:30
. ‘Gas & Gunboats in the Eastern Mediterranean’ – Demetrius A. Floudas — Hughes Hall, University of Cambridge – 10 June 2019, 17:30 Event to be held at the following time, date, and location: Monday, June 10, 2019 from 5:30 PM to 7:30 PM (BST) Seminar Room B Hughes Hall University...
June 6th, 2019 | Events, Conferences,Forums and Symposiums, Gas, Markets, Military, Oil Industry, Politics and Government | Read More

The BDI@1,082; Supras “spoil” the broth…

The BDI@1,082; Supras “spoil” the broth…
The BDI@1,082; Supras “spoil” the broth… John Faraclas The BDI (Baltic Dry Index) ended up 16 points earlier on today following the long weekend due to the spring Holiday as well as due to end of the European Union’s election process. Now if we have so far stressed the perplexed and enigmatic...
May 28th, 2019 | Arctic Shipping, Art and auctions, Associations, Charity, Chartering, Classification Societies, Climate, Construction, Consumers Market, Container shipping, Containers, Cruise Ferry, Cruise Industry, Dry Bulkcarriers, Emissions, Energy, Environment, European Union, Holidays, HR, IMO, Insurance and Reinsurance, IT and Communications, LNG, Manning - Seafarers and Offshore, Marinas, Maritime Art, Maritime Education and Training, Maritime Tourism, Markets, Mediterranean Shipping, News, Oceanology, Oil Industry, Organisations, Paintings and Sculpture, People and Places, Piracy and Terrorism, Politics and Government, Pollution, Ports & Terminals, Press and Media, Religion, Reports, Sailing, Shipping Centers, Shipping Indices, Short-sea shipping, Sports, Statistics, Stock Markets, Tankers, Tourism, Trade and Commerce, Weather, Yachting | Read More

Mark Prendergast to retire from Harris PYE engineering group in May 2020

Mark Prendergast to retire from Harris PYE engineering group in May 2020
Mark Prendergast Mark Prendergast to retire from Harris PYE engineering group in May 2020 Mark Prendergast, Chief Executive Officer of Harris Pye Engineering Group, a Joulon company has announced that he is to retire on 30 May 2020. The Harris Pye Engineering Group, global specialists in the provision...
May 23rd, 2019 | Alternative Sources of Energy, Company Profiles, Drill ships, Energy, Environment, Gas, HR, Marine Equipment Products and Services, Oil Industry, Oil Platforms and Rigs, Person Profiles, Ship Conversions, Shiprepair, Supply ships, Technical | Read More

International Diving Industry Forum Established by the World’s Key Energy Industry Diving Bodies

International Diving Industry Forum Established by the World’s Key Energy Industry Diving Bodies
Bryan McGlinchy IMCA’s Diving Manager International Diving Industry Forum Established by the World’s Key Energy Industry Diving Bodies The International Diving Industry Forum (IDIF) has been established by three key industry stakeholders – the International Marine Contractors Association...
April 29th, 2019 | Conferences, Seminars, Forums, Energy, Gas, Oil Industry, Underwater Shipping | Read More

Daily Overview of Global Markets & the SEE Region (Tuesday, 23 April, 2019)

Daily Overview of Global Markets & the SEE Region (Tuesday, 23 April, 2019)
. Daily Overview of Global Markets & the SEE Region (Tuesday, 23 April, 2019) HIGHLIGHTS WORLD ECONOMIC & MARKET DEVELOPMENTS GLOBAL MARKETS:   Following light volumes in Wall Street overnight, Asian equity indices advanced marginally on Tuesday with many markets reopening after the Easter...
April 23rd, 2019 | Banking, Finance, Markets, Oil Industry, Reports, Statistics, Stock Markets | Read More

Daily Overview of Global Markets & the SEE Region (Monday, 22 April, 2019)

Daily Overview of Global Markets & the SEE Region (Monday, 22 April, 2019)
Daily Overview of Global Markets & the SEE Region (Monday, 22 April, 2019) HIGHLIGHTS WORLD ECONOMIC & MARKET DEVELOPMENTS GLOBAL MARKETS:   Oil prices surged earlier today on press reports conveying that, as of 2 May, the US will no longer grant sanctions waivers to any country that is currently...
April 22nd, 2019 | Banking, Finance, Markets, Oil Industry, Reports, Statistics, Stock Markets | Read More

International Offshore Development Congress (28-29 Apr, Abu Dhabi) Invites WOC as Strategic Partner

International Offshore Development Congress (28-29 Apr, Abu Dhabi) Invites WOC as Strategic Partner
International Offshore Development Congress (28-29 Apr, Abu Dhabi) Invites WOC as Strategic Partner WOC to Speak on “The Future of Offshore Oil and Gas: Exploration and Production in a Crowded, Impacted, Multiple-Use Ocean” at IODC 2019 10 April 2019 WOC CEO Paul Holthus has been invited to speak...
April 10th, 2019 | Energy, Events, Conferences,Forums and Symposiums, Gas, Oil Industry | Read More

BIMCO: US seaborne crude oil exports hit record high for fifth month in a row

BIMCO: US seaborne crude oil exports hit record high for fifth month in a row
Peter Sand US seaborne crude oil exports hit record high for fifth month in a row US exports of crude oil have, since August 2018, continued to rise every month, with a new record high in January of 9.6 million tonnes. Exports rose in January on the back of increased sales to Europe, which rose from...
April 9th, 2019 | Associations, BIMCO, Markets, Oil Industry, Reports, Statistics, Tankers, Trade and Commerce | Read More

Wärtsilä SceneScan, the world’s first ‘targetless’ DP laser sensor, to deliver added safety to Topaz Marine fleet

Wärtsilä SceneScan, the world’s first ‘targetless’ DP laser sensor, to deliver added safety to Topaz Marine fleet
The Wärtsilä SceneScan provides accurate positional information for safer operations. Copyright: Topaz. Wärtsilä SceneScan, the world’s first ‘targetless’ DP laser sensor, to deliver added safety to Topaz Marine fleet Wärtsilä Corporation,  5 April 2019 at 9.30 am EEST – The technology...
April 5th, 2019 | Energy, Marine Equipment Products and Services, Oil Industry, Technology | Read More

FUGRO expands offshore and onshore services in Egypt with opening of new hub

FUGRO expands offshore and onshore services in Egypt with opening of new hub
The new Cairo facilities support Fugro’s integrated site investigation services for major civil infrastructure projects, in addition to the its expanding services for offshore oil and gas FUGRO EXPANDS OFFSHORE AND ONSHORE SERVICES IN EGYPT WITH OPENING OF NEW HUB Fugro has cut the ribbon at new premises...
March 26th, 2019 | Energy, Gas, Oil Industry | Read More

GAC wins PETRONAS Caspian Sea contracts

GAC wins PETRONAS Caspian Sea contracts
GAC wins PETRONAS Caspian Sea contracts Marine support for drilling and development of new Towing operation jack up rig Saturn by AHTS Soltan Caspian Sea, Turkmenistan, 13 March 2019 –  GAC Marine S.A. branch in Turkmenistan (GAC Marine) has been awarded two contracts by PETRONAS Carigali (Turkmenistan)...
March 13th, 2019 | Energy, Oil Industry, Oil Platforms and Rigs | Read More

BDI hiccups as Capes fall below 300…

BDI hiccups as Capes fall below 300…
John Faraclas BDI hiccups as Capes fall below 300… The BDI (Baltic Dry Index) lost six points earlier on today given the Capes’ fall below the 300 point threshold and now stands at 663 points; mixed feelings for the Wets and perplexed Geopolitics makes it a bleak picture. John Faraclas’ brief daily...
March 5th, 2019 | Associations, Banking, Chartering, Company Profiles, Dry Bulkcarriers, EEZ, Energy, Environment, Events, Conferences,Forums and Symposiums, Finance, Gas, Intercargo, Markets, News, Oil Industry, Oil Platforms and Rigs, Reports, Shipping Indices, Statistics, Stock Markets, Tankers | Read More

The BDI@601; enough to buy a pair of jeans…

The BDI@601; enough to buy a pair of jeans…
John Faraclas The BDI (Baltic Dry Index) ended the week down to 601 points – minus nine points since yesterday and 44 since last week’s closing when the BDI stood at 645 points. Geopolitics in total disarray. John Faraclas’ daily and weekly recaps: The Capes despite a “stabilization” continue...
February 8th, 2019 | Chartering, Dry Bulkcarriers, Emissions, Environment, Markets, Military, News, Oil Industry, Pollution, Reports, Shipping Indices, Statistics, Stock Markets, Tankers, Trade and Commerce | Read More

American Club circular no.. 04/19 – US imposes new sanctions against the government of Venezuela through designation of PdVSA

American Club circular no.. 04/19 – US imposes new sanctions against the government of Venezuela through designation of PdVSA
Joe Hughes AMERICAN CLUB CIRCULAR NO. 04/19 – UNITED STATES IMPOSES NEW SANCTIONS AGAINST THE GOVERNMENT OF VENEZUELA THROUGH DESIGNATION OF PETROLEOS DE VENEZUELA, S.A. (PdVSA)  FEBRUARY 6, 2019   CIRCULAR NO. 04/19   TO MEMBERS OF THE ASSOCIATION   Dear Member:   UNITED STATES IMPOSES...
February 6th, 2019 | Markets, News, Oil Industry, Sanctions | Read More

RMT responds to NAO report on oil and gas in the UK offshore decommissioning

RMT responds to NAO report on oil and gas in the UK offshore decommissioning
Mick Cash RMT responds to NAO report on oil and gas in the UK offshore decommissioning   General Secretary Mick Cash said;  “This is the only growth area of spending in the offshore oil and gas sector.  “Over the next decade UKCS decommissioning must benefit UK employment to reduce...
January 25th, 2019 | Energy, Gas, Manning - Seafarers and Offshore, Oil Industry, Rail | Read More

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