The global LNG industry is bracing for the outcome of one of the biggest deals in history of this relatively young industry as the shareholders are about to vote on the proposed Shell-BG merger.
Qatargas on Wednesday revealed that 693 cargoes were shipped in 2015 from its common LNG storage and loading asset at Ras Laffan port.
WoodMac’s review of the LNG industry reveals that the 2015 market was characterised by weaker Asian demand which dropped 2 percent forcing LNG players to shift focus to developing markets and employing new regasification capacity.
Oil prices have been extremely volatile since the first trading day of 2016 and hit 12-year lows last week with Brent dropping below $33 a barrel for the first time since 2005, Douglas-Westwood, an energy intelligence group, has said in its DW Monday report. The fall in the Chinese manufacturing ind
PACC Offshore Services Holdings Ltd., an offshore vessel provider also known as Posh, has entered into a joint venture with a Saudi company, in order to deeper penetrate the Middle East market. According to Posh, the joint venture with Saudi Arabia’s Hmood Al-Khalaf Group, is in line with the Group’
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Over 13 tons of marijuana were seized from a Bolivia-flagged general cargo vessel Joudi some 55 nautical miles off Tobruk, Libya, on January 5, Commander of Turkish Coast Guard Rear Admiral Hakan Üstem said at a press conference. The seizure was conducted as part of the anti drug operation Albatros.
Petronet LNG-operated Dahej liquefied natural gas terminal in Gujarat state is scheduled to receive a cargo from Qatar next week.
Top offshore energy videos of 2015
Wood Mackenzie, one of the world’s largest energy market intelligence companies, expects that upstream merger and acquisition (M&A) activity will increase in 2016, though the shape of that activity will be dictated by oil prices. Should they remain low, balance sheets will become ever more stretched
Freight rates for container shipping are expected to experience a further fall in 2016 as the supply-demand imbalance continues widening resulting in more losses for boxship owners, according to shipping consultancy Drewry. Many stakeholders point to the fact that bunker prices of for example USD 14
By Henning Gloystein SINGAPORE (Reuters) – Brent crude prices tumbled over 4 percent to levels not seen since April 2004 on Thursday as a sliding yuan and a second emergency halt in China’s stock trading this week left Asian markets in turmoil. A huge supply overhang and near-record output levels al
The shipping industry is to remain volatile and indispensable in 2016, international accountant and shipping adviser Moore Stephens says. According to Moore Stephens shipping partner Richard Greiner, the dry bulk sector will probably have to reduce the newbuilding orderbook and increase ship recycli
