Contracts

PDVSA Charters Another Algerian Crude Cargo

Venezuela's state-run oil company PDVSA has hired a supertanker to load a second 2 million-barrel cargo of Algerian crude, according to preliminary tanker fixture data.

VT Halter Begins Building LNG-powered ConRo Ships for Crowley

VT Halter Marine, Inc., a subsidiary of Vision Technologies Systems, Inc. (VT Systems), has commenced construction on the first of two liquefied natural gas (LNG)-powered,

Demand for Subsea Vessels to Accelerate

Douglas-Westwood (DW) anticipates subsea vessel demand will experience accelerated growth in the coming years at a rate of 7% CAGR. In DW’s new World Subsea Vessel Operations Market Forecast,

Will You Make the Most of North Sea Decommissioning?

Recent reports indicate that the scale of opportunity arising from North Sea decommissioning is growing, with industry set to spend at least $56.16billion by 2040.

Saudi Aramco Gives Pipeline Contract to China's SEPCO

Saudi Aramco has contracted a Chinese group for a project to help expand the capacity of the main gas pipeline across Saudi Arabia, which dates back to the 1970s,

Futures Rise, Physical Quiet on Mild Weather

API2 2015 contract up 2 pct at $72.90/tonne Trade in physical coal markets quiet European thermal coal futures rose on Wednesday afternoon, tracking oil prices,

US Navy Orders Demonstration Craft from Willard Marine

Willard Marine, Inc. (WMI) announced it has been selected through a solicitation process to supply a demonstration model of a new, advanced combatant craft for the U.

Alu Design to Create Next Generation of Marine Chairs

There’s a new designer in the driving seat at Alu Design. Per Ivar Selvaag, the former Lead Designer at BMW Group and Chief Designer of Peugeot’s concept car division,

Germany: Prices in ETS Must Rise

Certificate prices in Europe's Emissions Trading Scheme (ETS) must rise in order for the system to be effective in fighting climate change, a senior German official said on Wednesday.

Poland Plays Hardball over Russian Gas

Poland said Russia failing to supply requested volumes, but Poland does not need the extra gas, storage almost full. When Poland last month accused Russian natural

Oil Above $86, Recovery Holds

U.S. crude stocks rise less than expected - API. Oil edged further above $86 a barrel on Wednesday after an industry report showed a smaller-than-expected rise in U.

Russian Refining Margins to Fall in 2015

Russian Deputy Finance Minister Sergei Shatalov told reporters on Wednesday that oil refining margin, a key measure of profitability, would fall to $20 per tonne in 2015 from $50 currently,

Contracts for BP's Indonesian LNG Project

BP said on Wednesday it had awarded the onshore front-end engineering and design (FEED) contracts for the $12 billion Tangguh LNG expansion project to two Indonesian consortiums.

Iraq Approves $278 mln Oil Deal with Halliburton

Iraq's cabinet approved on Monday a $278.5 million drilling deal with U.S. oil service company Halliburton for the southern West Qurna- 1 oilfield, according to a government statement.

Oman Oil Eyes Local Oxy Assets

Oman Oil Co. is in talks with Occidental Petroleum Corp to buy a minority stake in its assets in the Gulf Arab sultanate, the Omani firm's chief executive said on Tuesday.

Saudi, Kuwait Tensions Basis for Oilfield Closure

Shutdown of joint field brings back old disputes; Kuwait is placing restrictions on Chevron's operations. Disagreements over right to operate delayed energy projects.

Wind Could be 20 pct of Global Power by 2030

Installed wind capacity totalled 318 GW at end of 2013; could surge by 530 pct to 2,000 GW by 2030. Installed wind power capacity could swell by 530 percent to 2,

Total CEO Killed in Moscow Runway Accident

Private jet collided with snow plow during takeoff; Total's CEO a defender of Moscow policies. Insiders Boisseau and Pouyanne long seen as potential successors.

Kinder Morgan Pipeline Plans Stall

A Western Canadian pipeline once seen as the best near-term hope for sending more of the country's controversial tar sands crude to Asia has hit another snag: aboriginal

Ukraine, Russia, EU Try to Finalize Gas Deal

Differences over debt, prepayments; Ukraine struggling to secure funds for gas payment. Russia says hopes to finalize a deal. Russia and Ukraine aim to resolve

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