India Ratings and Research (Ind-Ra) has maintained a negative-to-stable outlook for the shipping sector for the Fiscal Year 2016, saying that the performance of dry bulk and container operators will continue to be affected by weak global trade growth and persistent overcapacity. The agency, however,
India Ratings and Research (Ind-Ra) has maintained a negative-to-stable outlook for the shipping sector for the Fiscal Year 2016, saying that the performance of dry bulk and container operators will continue to be affected by weak global trade growth and persistent overcapacity. The agency, however,
Oil and gas giant Chevron will likely miss its year-end target to ship the first LNG cargo from its USD 54 billion Gorgon project on Barrow Island in Western Australia. “The schedule is dependent on managing commissioning and start-up risks including equipment malfunctions, possible labor and weathe
Oil and gas giant Chevron will likely miss its year-end target to ship the first LNG cargo from its USD 54 billion Gorgon project on Barrow Island in Western Australia. “The schedule is dependent on managing commissioning and start-up risks including equipment malfunctions, possible labor and weathe
Atlantic Marine has acquired the 4200 GRT, 81M Atlantic Tonjer (ex Normand Tonjer), which joins the ‘Atlantic’ fleet with immediate effect. The ship will be available for potential charterers’ inspections from the 1st to 20th August in Great Yarmouth port. The vessel is the second in a series of ves
Port workers at the Israeli Port of Ashdod were evacuated Monday after emergency teams discovered radiation emanating from a shipping container, according to a local media report. Israel’s Environmental Protection Ministry said that the workers were evacuated as a precaution, saying that the subsequ
Port workers at the Israeli Port of Ashdod were evacuated Monday after emergency teams discovered radiation emanating from a shipping container, according to a local media report. Israel’s Environmental Protection Ministry said that the workers were evacuated as a precaution, saying that the subsequ
After four years in production, the Peregrino field in the Campos basin offshore Brazil has produced 100 million barrels of oil since April 2011. The field, jointly owned by Statoil and Chinese Sinochem, achieved the milestone on August 2, 2015. “We are pleased to have reached a major milestone in o
Hibiscus Petroleum Berhad’s subsidiary, Gulf Hibiscus Limited, has been awarded the South East Ras El Ush concession (Block 2) in Egypt by the Ganoub El-Wadi Petroleum Holding Company (Ganope), an entity of the Ministry of Petroleum, Arab Republic of Egypt. According to Hibiscus, the block was award
The President of Nigeria, Mohammadu Buhari, met Monday in Abuja Eni’s Chief Executive Officer, Claudio Descalzi, where Eni’s CEO updated the President on Eni’s oil and gas operations in Nigeria. According to Eni, Buhari was particularly pleased with the progress achieved in the offshore activities.
Australia’s Origin Energy has decided to sell its stake in New Zealand Stock Exchange-listed Contact Energy Limited. Contact is an integrated energy company, operating geothermal, thermal and hydro generation facilities. According to a statement by Contact, Origin’s shareholding in Contact is expect
German company Convent Offshore GmbH has opened an office in London, in order to optimize its services for the UK market. This will allow for a personal and timely service to the customers who are engaged in the British market, the company said. Thorben Schiborowski, CEO of Convent Offshore GmbH, ex
Australia’s Santos, operator of the GLNG project, said it has made several executive appointments. Brett Woods, currently General Manager WA & NT, has been appointed Vice President Eastern Australia. He will be responsible for production, development and commercialisation of the company’s oil and ga
Australia’s Santos, operator of the GLNG project, said it has made several executive appointments. Brett Woods, currently General Manager WA & NT, has been appointed Vice President Eastern Australia. He will be responsible for production, development and commercialisation of the company’s oil and ga
