The Baltic Dry Index (BDI) has experienced a further increase with the continued recovery of the dry bulk shipping industry as it surged by 38 points to a mark of 635 points on April 15. The Capesize index was up by 118 points reaching 949, while the Panamax and Supramax indexes were up by 27 and 11
India, Afghanistan and Iran have finalized the text of the Trilateral Agreement on Transport and Transit Corridors, known as the Chabahar Agreement, at the recently held meeting in New Delhi. The agreement is to pave way for India to access Afghanistan via the Iranian port of Chabahar, bypassing Pak
The United States Department of Energy recently issued an order granting Flint Hills Resources to export liquefied natural gas from the Stabilis Energy’s Eagle Ford LNG facility in George West, Texas.
The United States National Transportation Safety Board (NTSB) is embarking on a second search for the vessel data recorder (VDR) of the sunken El Faro cargo ship on April 18, 2016. The two primary objectives of the mission are to locate the ship’s VDR and to provide a more extensive and detailed sur
Liquefied Natural Gas Limited on Monday informed it’s unit, Magnolia LNG, received the permit from the Federal Energy Regulatory Commission to site, construct, and operate its LNG terminal in the Lake Charles District, Louisiana, USA.
By Henning Gloystein SINGAPORE (Reuters) – Oil prices tumbled on Monday after a meeting by major exporters in Qatar collapsed without an agreement to freeze output, leaving the credibility of the OPEC producer cartel in tatters and the world awash with unwanted fuel. Tensions between Saudi Arabia an
By Denny Thomas and Anshuman Daga HONG KONG/SINGAPORE (Reuters) – U.S. oil and gas major Chevron Corp has put all of its Myanmar gas block stakes up for sale, which at a combined likely valuation of $1.3 billion (917.88 million pounds), would be the biggest deal involving Myanmar assets to date, fin
James Fisher Offshore (JFO), a specialist subsea and topside service provider, has relocated its Asian Pacific facilities to Johor Bahru in Malaysia. The company said the move was done in order to deliver localised support to its customers operating in an offshore hub within a thriving oil and gas r
After a very successful eighth edition of Offshore Energy Exhibition & Conference (OEEC) preparations for the ninth OEEC are well underway. On 25 and 26 October 2016 Amsterdam RAI will again host this international gathering of the whole offshore energy industry, including oil and gas, to offshore w
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Tidal Energy Today has compiled the top news from tidal and wave energy industry from April 11 – 17, 2016.
Shell CEO: time to innovate to reduce LNG costs The LNG industry needs to continue to innovate to drive down capital costs across the LNG value chain to make gas competitive with other sources of energy such as coal and renewables, Ben van Beurden, CEO of LNG giant Shell said on Tuesday. Cheniere to
Chinese energy company Primeline Energy has started arbitration proceedings against Zheijang Gas, relating to a dispute over non payment for gas from an offshore gas field in China. In addition, the company is looking to start another arbitration, against its partner in the field in question, CNOOC.
Malaysian oilfield services provider SapuraKencana has reportedly decided to undertake a restructuring of the company that may involve “redundancies” amid low oil price environment. According to Nikkei Asian Review, an Asia-focused English-language publication, the Malaysian company will undertake a
