Repairs Halt Total's S.African Ops; Resumption not Prior 2016
S.Africa wants 30 wells drilled in next 10 years; Total woes a setback to S.Africa exploration drive. French energy major Total has halted oil exploration off the…
Saudis Cuts U.S. Price, Oil Sags to $82
Saudi Arabia cuts oil prices for U.S. customers; Brent and WTI touch respective 4-year and 3-year lows. Brent crude oil fell more than 3 percent to its lowest in…
New Cargo Hold Cleaning Solution from WSS
Wilhelmsen Ships Service (WSS) unveiled an upgraded cargo hold cleaning solution, combining cleaning agents and mobile equipment to help shipowners, operators and…
China Snaps Up 250MB in Euro Gasoline Stocks
China has bought around 250,000 tonnes of gasoline and blending components from Europe in recent days as the world's top energy consumer mops up oil products, traders said on Tuesday.
Croatia Resurrects LNG terminal Plans
Croatia prepares financial plan for LNG terminal; EU sees the Krk terminal helping Europe's energy independence. Croatia has reopened a feasibility study for a liquefied…
Violence Closes Libya's Benghazi Port
Libya has closed Benghazi's commercial port due to clashes between the army and Islamist fighters in the area, a port official said on Tuesday. "All ship movements…
Bear Head LNG Plans Initial Phase of 8 MTPA
Liquefied Natural Gas Limited informed that on 31st October 2014, its wholly owned company Bear Head LNG Corporation, filed for modifications to the existing construction…
Technip Bags Sasol’s Furnace Contract
Technip was awarded by Sasol a contract to provide engineering and procurement for eight proprietary Ultra Selective Conversion (USC®) furnaces (1) for a world-scale…
Johan Sverdrup Field Promises Jobs, Value
The gigantic Johan Sverdrup field, one of the most profitable industrial projects in Norway over coming decades, will provide enormous value. Construction of the first phase may lead to 51…
Cargotec Stock Shares Rise Through Stock Options
A total number of 900 new Cargotec class B shares have been subscribed for with stock options 2010A. The entire subscription price of EUR 16,740.00 will be credited…
ExxonMobil To Support MIT Energy Initiatives
ExxonMobil has signed an agreement to become a founding member of the MIT Energy Initiative (MITEI), a unique collaboration aimed at working together to advance and explore the future of energy.
Petrobras & PPSA Sign PIA for Campos Basin
Last Friday (10/31) Petrobras and PPSA (Pré-Sal Petróleo S.A.) signed a Production Individualization Agreement (PIA) for the Tartaruga Mestiça field, in the southern part of the Campos Basin.
UK Road Haulage Market Offers Challenges
Hapag-Lloyd informs that the current situation of the UK Road Haulage market continues to face ongoing challenges as a result of increased cargo volumes through…
Staying The Same is Not Good Enough - OPITO
Global safety standards body, OPITO, says safety in the oil and gas industry is still not good enough despite a five year improvement in the Middle-east. At its…
DGS Marine Orgainses 1st BE&O P&I Seminar
DGS Marine, a leading global P&I management provider and exclusive manager for the British European and Overseas (BE&O) P&I facility, has held the first BE&O P&I Seminar in Limassol, Cyprus.
Shipbuilding: Navigator Holdings Orders Two LPG Carriers
Navigator Holdings Ltd. (NYSE: NVGS) announced that it has ordered two 22,000 cubic meter semi-refrigerated liquefied gas carriers at Hyundai Mipo Dockyard (HMD) in South Korea at a construction cost of $51 million each. The vessels are scheduled to be delivered in January and March 2017 respectively. These two LPG vessels will operate on agreed time charters for an initial term of five years from delivery…
World Maritime University Graduates Largest Class
On Sunday, November 2, the Chancellor of the World Maritime University (WMU) and IMO Secretary-General Sekimizu conferred postgraduate degrees on the WMU's Class of 2014. Compiling the largest class in the 31-year history of WMU, 124 students graduated from the Malmö-based M.Sc. program in Maritime Affairs, 47 from the M.Sc. program in Dalian, China, 36 from the M.Sc. program in Shanghai, China, and 19 from the distance-learning Postgraduate Diploma in Marine Insurance.
Strike Averted at St. Lawrence Seaway
St. The St. Lawrence Seaway Management Corporation (SLSMC) announced that it has reached agreement with UNIFOR, which represents the corporation’s 460 unionized employees…
LNG on the Rise
As the world’s economies search for sustainable, reliable, renewable energy sources, they are also more closely examining a range of fossil fuels to find the cleanest…
China Pledges Mergers, Private Investment in Shipping Industry Reform
China has issued further guidance to support and modernize its shipping industry, saying it would encourage mergers and private investment as well as develop its cruise industry.
