India’s largest importer of liquefied natural gas, Petronet LNG is reportedly looking to cut the price of LNG to be loaded at Chevron-operated Gorgon LNG project in Australia.
The ‘old Panamax’ sector seems to be slowly fading away, falling from 969 units in 2012 to 796 at the start of October, as the fleet is in a steady and perhaps terminal decline, according to Clarksons Research. Although plenty of ‘old Panamaxes’ are out there battling on, things are only going one w
LNG throughput volumes at the Dutch Gate terminal decreased 23.9 percent for the first nine months 2016, compared to the same period in 2015.
Brazilian state-owned oil giant Petrobras and French oil company Total have agreed to cooperate on upstream as well as downstream projects in Brazil and internationally. According to Total’s statement on Monday, Pedro Parente, CEO of Petrobras, and Patrick Pouyanné, Chairman and CEO of Total, signed
By Katya Golubkova and Shadia Nasralla VIENNA (Reuters) – A short-term cap in oil output would reduce market volatility, Russian Energy Minister Alexander Novak said on Monday at a meeting with OPEC Secretary-General Mohammed Barkindo, as both are looking at ways to stabilize prices. Russia is the w
KBR said it will proceed with front-end engineering design (FEED) for the Woodfibre LNG project.
Belgium’s port of Antwerp recorded a 3.3 percent cargo volume increase in the first nine months of this year, handling 161.6 million tons of freight, up from 156.5 million tons in the same period last year. The container volume in the first three quarters stood at more than 7.5 million TEUs, represe
The international group of liquefied natural gas importers (GIIGNL) named Jean-Marie Dauger as its president.
The recent rally in Asia to Europe spot market rates has improved carriers’ chances of securing higher 2017 contract rates, according to shipping consultancy Drewry. It has been another typically volatile year as far as the spot freight rate market is concerned with the weekly ups and downs once aga
Following three recent incidents on Statoil’s assets off Norway, the Norwegian oil giant was reportedly hit by yet another offshore incident during the weekend when a gas alarm went off on a North Sea platform. To remind, less than ten days ago, Statoil experienced three separate incidents off Norwa
Denmark-based offshore driller Maersk Drilling is reducing its headquarter organization by up to 70 positions of which approximately 20 are expected to be vacancies that will not be filled. The company explained on Monday that the reduction is a response to the continued market decline and reduced a
Offshore Energy Exhibition & Conference (OEEC), held annually in Amsterdam, The Netherlands, has a new spot on the exhibition floor – Community Square. During the two-day event this week, Community Square, in Hall 5, of the Amsterdam Rai Arena, will be hosting three discussion programs covering vari
The International Transport Workers’ Federation (ITF) again raised concerns about the safety of the Panama Canal’s new locks at a press conference held in Panama city on October 21, 2016. The new alarm over the operation of the Panama Canal was sounded some six months after ITF first presented a saf
Imports of liquefied natural gas (LNG) by the world’s largest consumer of the chilled fuel, Japan, decreased 3.5 percent in September compared to the same month in 2015.
