Archive for the ‘Oil Industry’ Category

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

IMCA and OCIMF staging Cyber Security seminar for LISW2017

IMCA and OCIMF staging Cyber Security seminar for LISW2017
Richard Benzie The need for cyber security and understanding possible risks is a growing concern across all industries and sectors.  As part of London International Shipping Week the International Marine Contractors Association (IMCA) and the Oil Companies International Marine Forum (OCIMF) are holding...
July 27th, 2017 | Associations, Events, Conferences,Forums and Symposiums, Oil Industry | Read More

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