Archive for the ‘Oil Industry’ Category

The BDI on an upwards but still on a volatile and enigmatic mode…

The BDI on an upwards but still on a volatile and enigmatic mode…
John Faraclas The BDI (Baltic Dry Index) gained earlier on 33 points and now stands at 1,372 points – thanks mainly to the Capes’ triple-digit daily and weekly gains. Geopolitics still perplexed! Air-Travel schedules still an issue… John Faraclas’ daily and weekly brief recap: The weekly BDI’s...
December 7th, 2018 | Airline Industry, Aviation, Awards, Charity, Chartering, Clubs, Dry Bulkcarriers, Events, Conferences,Forums and Symposiums, Markets, Military, Oil Industry, People and Places, Press and Media, Reports, Shipping Indices, Stock Markets, Tankers, Trade and Commerce | Read More

The BDI@1,231: life is a rollercoaster!

The BDI@1,231: life is a rollercoaster!
John Faraclas The BDI (Baltic Dry Index) lost 50 points and now stands at 1,231 points. Geopolitics are about to bring a Shakespearean Tempest revisited; John Faraclas’ daily and weekly recap: On a weekly basis the BDI was up 138 points – from 1,093, thanks to the Capes’ erroneous skyrocking earlier...
November 30th, 2018 | Chartering, Conferences, Seminars, Forums, Dry Bulkcarriers, Earthquakes, Tsunamis, Cyclones and Typhoons, Environment, Insight, Markets, Military, News, Oil Industry, Piracy and Terrorism, Reports, Shipping Indices, Statistics, Stock Markets, Tankers, Trade and Commerce | Read More

Wärtsilä: Reduce Opex and Become Greener

Wärtsilä: Reduce Opex and Become Greener
.. The oil & gas industry was plunged into turmoil when the oil price crashed in 2014. To get back on track, the industry has been forced to transform. It has been forced to figure out new ways of working and apply new solutions to remain profitable while oil price fluctuates. The question that...
November 30th, 2018 | Accountancy, Drill ships, Environment, Gas, Marine Equipment Products and Services, Oil Industry, Oil Platforms and Rigs, Shipmanagement, Technology | Read More

Naviera Integral signs contract with Damen for its 15th Fast Crew Supplier FCS 5009

Naviera Integral signs contract with Damen for its  15th Fast Crew Supplier FCS 5009
from the contract signing on a l to r: Josien Damen (wife of  Kommer Damen), Julio Montelongo Flores (Operational Director, Naviera Integral), Juan Pablo Vega Torre (Vicepresident, Naviera Integral), René Berkvens (CEO, Damen Shipyards Group), Juan Pablo Vega Arriaga (President, Naviera Integral),...
November 29th, 2018 | Marine Equipment Products and Services, Oil Industry, Oil Platforms and Rigs, Shipbuilding and Shipyards | Read More

American Club: Iran sanctions update – Iranian crude oil shipment waivers

American Club: Iran sanctions update – Iranian crude oil shipment waivers
Joseph E.M. Hughes, Chairman and CEO, Shipowners Claims Bureau, Managers for The American Club In Club Circular 41/18 of November 6, 2018 Members were informed of the reimposition of US secondary sanctions against Iran in the aftermath of the US Administration’s decision to withdraw from the...
November 28th, 2018 | Markets, News, Oil Industry, P and I Clubs, Sanctions, Trade and Commerce | Read More

FUGRO Generates AUD 10 million cost saving award-winning ROV deployment technique

FUGRO Generates AUD 10 million cost saving award-winning ROV deployment technique
Fugro’s award-winning PDROV technology delivers substantial cost-savings and operational improvements. Fugro’s innovative use of platform deployed ROV (PDROV) technology has demonstrated substantial reductions in the costs of subsea jacket inspections and significant operational improvements. Recognised...
November 21st, 2018 | Energy, Gas, Oceanology, Oil Industry, Underwater Shipping | Read More

The BDI@1,023: still unsustainable amid Geopolitical turmoil

The BDI@1,023: still unsustainable amid Geopolitical turmoil
John Faraclas The BDI (Baltic Dry Index) lost eight points earlier on today with all other dry indices in red… Geopolitics more than crucial given the MIGRANTS, BREXIT, Italy et al… John Faraclas’ daily brief: The Capes’ BCI  lost seven and now stand at 1,050 points… A double digit loss for...
November 19th, 2018 | Chartering, Dry Bulkcarriers, Energy, Markets, Military, News, Oil Industry, Oil Platforms and Rigs, Photography, Piracy and Terrorism, Politics and Government, Reports, Shipping Indices, Statistics, Stock Markets, WISTA - Women in Shipping | Read More

The BDI@1,009: truth is stranger than fiction…

The BDI@1,009: truth is stranger than fiction…
John Faraclas – picture by ecopack77 The BDI (Baltic Dry Index) ended the day with yet another fall; at 1,009 – minus 55 might soon create one of the biggest disasters in shipping’s recent history if it goes below the 1,000 point-threshold, something though more than possible… We have seen...
November 14th, 2018 | Chartering, Comment, Dry Bulkcarriers, Markets, Military, Oil Industry, Reports, Shipping Indices, Statistics, Stock Markets, Tankers, Trade and Commerce | Read More

Looking from the outside in: new industry report reveals how predictive analytics is set to transform oil and gas, but are we doing enough?

Looking from the outside in: new industry report reveals how predictive analytics is set to transform oil and gas, but are we doing enough?
Lloyd’s Register HQ’s in London Insight from companies across the world brings the future in focus on the pace and development of predictive analytics. A new industry report launched today – an extension of the global Technology Radar survey series produced by Lloyd’s Register (LR) –...
November 12th, 2018 | Classification Societies, Gas, Insight, Markets, Oil Industry, Reports, Technology | Read More

The BDI@1,231 …medieval figures that hurt

The BDI@1,231 …medieval figures that hurt
John Faraclas The BDI (Baltic Dry Index) is now 1,016 points below the figure as of the end of December 2013 when it stood at 2,247 points. Geopolitics with all types of wars dangerously spreading; IBIA’s 2018 Convention finale more than a cause to celebrate! John Faraclas daily briefing: The BDI by...
November 8th, 2018 | Alternative Sources of Energy, Chartering, Comment, Conferences, Seminars, Forums, Corruption, Dry Bulkcarriers, EEZ, Emissions, Energy, Environment, Gas, Markets, News, Oil Industry, Pollution, Reports | Read More

Capes “sink” the BDI at 1,395…

Capes “sink” the BDI at 1,395…
John Faraclas The BDI (Baltic Dry Index) lost 33 points earlier on today and now stands at 1,395; Geopolitics still messy and IBIA’s Annual Convention makes waves. John Faraclas’ daily briefing: The  volatile Capes’ BCI three-digit loss of 101 points bringing down this index at 2,296 points was...
November 6th, 2018 | Associations, Bunkering, Chartering, Classification Societies, Conferences, Seminars, Forums, Dry Bulkcarriers, Events, Events, Conferences,Forums and Symposiums, Insight, Legal, Marine Equipment Products and Services, Maritime Fraud, Maritime Fraud, Maritime Tourism, Markets, Oil Industry, Piracy and Terrorism, Politics and Government, Regulatory, Reports, Shipping Indices, Statistics, Stock Markets, Tankers, Technology, Tourism | Read More

Hot Port News from GAC

Hot Port News from GAC
06-Nov-2018 SPEED BOAT RACES IN TOLO HARBOUR, TAI PO Hong Kong PLANS ANNOUNCED FOR INTEGRATED INDUSTRIAL COMPLEX TO CONVERT CRUDE OIL Yanbu, Saudi Arabia Speed boat races in Tolo Harbour, Tai Po Tuesday, November 6, 2018, Hong Kong Speed boat races will take place in the waters off the Ma On Shan Waterfront...
November 6th, 2018 | Oil Industry, Port Conditions, Ports & Terminals, Sports | Read More

The BDI@1,428: remember remember remember the 5th of November

The BDI@1,428: remember remember remember the 5th of November
John Faraclas The BDI (Baltic Dry Index) lost 29 points and now stands at 1,428… Geopolitics in jeopardy as the banking system needs trillions of US Dollars …just to breath. John Faraclas’ brief recap: The volatile Capes lost the 2,500 points threshold with a small bang by losing 105 point;...
November 5th, 2018 | Banking, Chartering, Events, Conferences,Forums and Symposiums, Exhibitions, Finance, Markets, Military, News, Oil Industry, Reports, Shipping Indices, Statistics, Stock Markets, Tankers, Trade and Commerce | Read More

BDI’s contained fall at 1,470; Wets ’R fine and Geopolitics with corruption et al rule the day…

BDI’s contained fall at 1,470; Wets ’R fine and Geopolitics with corruption et al rule the day…
John Faraclas The BDI (Baltic Dry Index) was down 20 points at 1,470  earlier on today – a contained fall so to speak… Geopolitics though and the  issue of corruption remains the name of the game… For the sake of Art though the day ended more than harmoniously at the After Nyne Gallery in...
November 1st, 2018 | Art and auctions, Chartering, Dry Bulkcarriers, Energy, Finance, Markets, Oil Industry, Paintings and Sculpture, Shipping Indices, Statistics, Stock Markets, Tankers, Trade and Commerce | Read More

IMCA appoints head of Policy & Regulatory affairs

IMCA appoints head of Policy & Regulatory affairs
Margaret Fitzgerald Maritime lawyer joins the IMCA Secretariat The International Marine Contractors Association (IMCA) has appointed Margaret Fitzgerald as its Head of Policy & Regulatory Affairs. She will represent the Association on all regulatory matters and lead its involvement with the...
November 1st, 2018 | Associations, Energy, Gas, HR, Oil Industry, Person Profiles | Read More

GAC South Africa beat the odds to deliver convoy for BW Offshore

GAC South Africa beat the odds to deliver convoy for BW Offshore
… Turnkey agency services for two tugs and FPSO Cape Town, South Africa, 1 October 2018 – When GAC South Africa’s team in Cape Town was appointed to handle the passage of two tugs, Fairmount Summit and Fairmount Expedition, towing the floating production storage and offloading (FPSO) Berge...
October 1st, 2018 | Energy, Oil Industry | Read More

GAC UK opens new Dundee office in response to increasing offshore and renewables activity

GAC UK opens new Dundee office in response to increasing offshore and renewables activity
… Grangemouth, 28 September 2018 – GAC UK has opened its 19th branch, in the heart of Dundee harbour. Together with its long-established branches in Scotland at Aberdeen, Leith, Shetland, Invergordon, Orkney and Grangemouth, the new office enables GAC UK to better respond to the growing needs...
September 28th, 2018 | Alternative Sources of Energy, Energy, Markets, Oil Industry, Oil Platforms and Rigs, Ship Agencies | Read More

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