DELTA ROV is located in the Clark Free port Zone in the Philippines and is involved in underwater inspections, construction and drilling assistance. Recently, SEAROV OFFSHORE has taken a significant part of the company capital and set up sales and services agreements with DELTA ROV. With that strate
Despite difficulties posed by international sanctions and the downturn in the past two to three years, the Russian hydrocarbons industry has demonstrated positive results, helped by a very liberal investment regime that incentivizes greenfield developments and further production of brownfields. The
Much has been said about the shale revolution and the low oil prices effects during the first day of the CERAWeek conference in Houston. On the other hand, not so much attention was given to the offshore part of the industry. This was also acknowledged by John Hess, the CEO of Hess Corporation, a U.
ExxonMobil, one of the world’s largest oil companies, is not famous for being a pioneer in tackling the climate change or investing in renewable energy sources. To remind, when asked about Exxon’s potential renewables investments a few years back, Exxon’s then CEO, now Secretary of State, Rex Tiller
If new investments aren’t approved soon, the global oil supply will lag behind the demand after 2020, Dr. Fatih Birol, the head of the International Energy Agency said on Monday. Birol also said that IEA doesn’t see the oil demand peaking any time soon. Speaking at the Ceraweek conference in Houston
A bipartisan bill introduced last week is requiring up to 30 percent of U.S. exports of liquefied natural gas (LNG) and crude oil to be transported on U.S.-flagged vessels.
The number of very large crude carriers (VLCC) engaged in non-trading activities, primarily Iranian/non-Iranian crude storage and fuel oil storage, has started to slip, according to the latest tanker report from Gibson Shipbrokers. Namely, at the end of February, 45 VLCCs were involved in various no
Two more foreign flagged ships were detained in UK ports during February 2017 after they failed Port State Control (PSC) inspection, the country’s Maritime and Coastguard Agency (MCA) informed. The ships in question are Hoegh St. Petersburg and Cemgulf. The Norway-flagged large car and truck carrier
A bipartisan bill titled Energizing American Maritime Act was introduced last week to the US Congress requiring up to 30 percent of US liquefied natural gas (LNG) exports to be carried on US-flagged ships. Unveiled by US Congressman John Garamendi, Ranking Member of the Subcommittee on the Coast Gua
The announcement on the 28th February of Emas Chiyoda’s bankruptcy is the latest in a long line of vessel contractors to fall victim to the downturn since January 2015, according to Douglas-Westwood’s latest DW Monday report. Multiple companies such as Cal Dive, Ceona, Cecon, Hercules Offshore, Hark
The Paris MoU organization detained a bulk carrier in the Port of Constanta, Romania, on February 21, 2017. M/V Hekmeh flies the flag of Belize which is black on the current Paris MoU White, Grey and Black (WGB) List. The 13,800 dwt bulker is the third ship to be detained in the Paris MoU region in
BW LNG, a unit of the Singapore-based shipping company BW Group, through its social media channels, released a photo of the BW GDF Suez Boston LNG carrier being escorted by tugs through the Boston harbor.
Chinese shipbuilder Cosco Shipping Heavy Industry is reportedly closing down three shipyards as part of its efforts to cut overcapacity. According to a Saturday report by China Daily, China’s English-language newspaper, the company is planning to shut down three of its five shipyards, which are able
Ailing South Africa imports from Asia could see a small recovery in 2017, as improving demand and capacity management helps to lift southbound spot rates to a 26-month peak, according to shipping consultancy Drewry. Containerized imports from Asia to Southern Africa slumped by 7.8% in 2016 to their
