Archive for the ‘Oil Industry’ Category

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

The BDI@1,004: has the market …lost the plot?

The BDI@1,004: has the market …lost the plot?
John Faraclas The fall of all indices continued today with …no exemption; unless something spectacular happens, tomorrow we are going to see the BDI  (Baltic Dry Index) below the 1,000 mark. Geopolitics all over are in a mess. John Faraclas’ daily recap: With minus 30 points since yesterday  the...
May 4th, 2017 | Chartering, Containers, Dry Bulkcarriers, Markets, Military, News, Oil Industry, Piracy and Terrorism, Reports, Sales and Purchases, Ship Demolitions, Shipping Indices, Statistics, Stock Markets, Tankers, Trade and Commerce | Read More

Oiltanking Grindrod Calulo and Transnet sign Ngqura BOOT agreement

Oiltanking Grindrod Calulo and Transnet sign Ngqura BOOT agreement
An artists impression of the storage facility Durban, South Africa, May 4, 2017 — Transnet National Ports Authority (TNPA) appointed Oiltanking Grindrod Calulo Holdings to plan, fund, construct, maintain and operate a new liquid bulk handling facility at the Port of Ngqura. This Build, Operate and...
May 4th, 2017 | Construction, Oil Industry, Ports & Terminals | Read More

China’s largest semi-submersible sets new records for COSCO

China’s largest semi-submersible sets new records for COSCO
The world’s second-largest semi-submersible vessel Xin Guang Hua, On February 25, the 100,000 dwt semi-submersible vessel Xin Guang Hua easily took the 31,000 ton load of the cylindrical Western Isles FPSO at Shanghai Luhuashan South Anchorage and began her journey via the Indian Ocean to the North...
April 28th, 2017 | Energy, Oil Industry | Read More

The BDI@1,195: what next…

The BDI@1,195: what next…
John Faraclas Time and again we have warned that the markets – both dry and wets, are more than volatile and uncertain and numerous times we have expressed concerns, due to the volatility and uncertainty, on the issue of valuations. How can we get it right and avoid this time the second biggest coming...
April 21st, 2017 | Chartering, Containers, Dry Bulkcarriers, Markets, Mergers and Acquisitions, Military, News, Oil Industry, Reports, Shipping Indices, Statistics, Stock Markets, Tankers, Trade and Commerce | Read More

Demand for Arabian Gulf crude exports down 14% in Q1 2017

Demand for Arabian Gulf crude exports down 14% in Q1 2017
Demand for Arabian Gulf crude exports down 14% in Q1 2017 By William Benentt, Senior Analyst In Q1 2017, over 2.5 trillion ton miles were completed by the global VLCC and Suezmax fleet. This was down 4.6% from the previous quarter with a reduction in VLCC work done being the major contributor at -5.42%.   Over...
April 19th, 2017 | Markets, Oil Industry, Reports | Read More

5 days to go – IMCA takes action as countdown to deadline for submission on the Jones Act changes draws close

5 days to go – IMCA takes action as countdown to deadline for submission on the Jones Act changes draws close
Myth: Improved U.S. Jobs Market The International Marine Contractors Association (IMCA) is selecting a key fact a day on the countdown to the April 18, 2017 U.S. Customs and Border Protection (CBP) comment submission deadline, to highlight the potential risks if CBP revokes 40 years of precedent as reflected...
April 13th, 2017 | Associations, Events, Conferences,Forums and Symposiums, Gas, Jobs, Oil Industry | Read More

IMCA takes action as countdown to deadline for submission on the Jones Act changes draws close – 6 days to go –

Myth: Economic Investment The International Marine Contractors Association (IMCA) is selecting a key fact a day on the countdown to the April 18, 2017 U.S. Customs and Border Protection (CBP) comment submission deadline, to highlight the potential risks if CBP revokes 40 years of precedent as reflected...
April 12th, 2017 | Gas, Markets, Oil Industry | Read More

FUGRO boosts specialist oil and gas services in Guyana

FUGRO boosts specialist oil and gas services in Guyana
Charles Ceres from Ground Structures Engineering Consultants Ltd.(left) with Brian Hottman from Fugro Fugro is to boost its marine site characterisation services for the oil and gas industry in the Republic of Guyana with a new strategic alliance with Ground Structures Engineering Consultants Ltd. The...
March 29th, 2017 | Gas, Oil Industry | Read More

ODEBRECHT OIL & GAS accompanied by managers of ALFASHIP, its Agents in Tenerife visit Capt. Antonio M. Padrón

ODEBRECHT OIL & GAS accompanied by managers of ALFASHIP, its Agents in Tenerife visit Capt. Antonio M. Padrón
Capt. Antonio M. Padrón y Santiago, “IMO Maritime Ambassador” and Maritime Authority of Tenerife, received the visit of representatives of ODEBRECHT OIL & GAS accompanied by managers of ALFASHIP, its Agents in Tenerife Capt. Antonio M. Padrón (third from the right) with representatives...
March 26th, 2017 | Associations, Gas, Oil Industry, Oil Platforms and Rigs, Shiprepair | Read More

FUGRO hunts for more hydrocarbon seeps in US Gulf of Mexico

FUGRO hunts for more hydrocarbon seeps in US Gulf of Mexico
… In collaboration with multi-client geoscience data company, TGS, Fugro continues to map the seafloor in the Gulf of Mexico to pull together a complete picture of geological features, including hydrocarbon seeps. This latest survey, “Otos”, follows the successful completion of another TGS...
March 17th, 2017 | Energy, Gas, Markets, Oceanology, Oil Industry, Underwater Shipping | Read More