Singapore’s Vallianz has secured a time charter contract valued at up to $98 million to supply four offshore support vessels to an undisclosed client in the Middle East. In a statement issued Monday, Vallianz said the client was an existing state-owned customer in the Middle East, which is one of th
Popular news, Nov 30 – Dec 6, 2015
Teekay LNG, Samsung C&T, GIC to build Bahrain’s LNG terminal The government of Bahrain firmed up agreements with a consortium comprising Teekay LNG, Samsung C&T and Gulf Investment Corporation to build an LNG terminal in the country. Nigeria LNG commissions LNG quartet Bonny Gas Transport (BGT), a u
Kuwait’s LNG import could reach three million tons in 2015 jumping 17 percent compared to the previous year according to Kuwait Petroleum Corporation’s manager for naphtha, mogas and LPG sales Khaled Al-Sabah.
OPEC looked unlikely to take steps to cut oil production to lift languishing prices at a meeting on Friday, potentially worsening one of the worst crude gluts in history.
Dry bulk owners seem to be resisting the temptation of ordering new ships despite currently low newbuilding prices for dry bulk ships that have just passed the lows of 2012 and are now at the lowest level since 2003, according to BIMCO. “The fact that ship owners have refrained from ordering new dry
National Electric Power Company of Jordan is expected to issue an LNG tender soon seeking cargoes from the spot market.
audi Arabia appears to have floated the idea of a global deal to balance oil markets and lift prices from around the lowest levels in six years although fellow producers Iran, Iraq and Russia on Thursday rejected its main idea of cutting output.
Gulf Marine Services, a provider of liftboats supporting offshore energy industry, has secured a new $620 million debt facility. According to the UAE-based company, the syndicated loan facility combines Islamic and conventional financing and will replace the Group’s existing funding facilities with
Read the most popular news of the week.
Iran targeting launch of five LNG projects Iran plans to increase its share in the global gas trade by launching five LNG projects over the next 3 years managing director of the National Iranian Gas Company (NIGC) Hamidreza Araqi said. KBR wins G2 LNG FEED contract KBR on Tuesday said it has been aw
Claudio Descalzi, CEO of Italian oil company Eni, met Thursday with the Egypt president Abdel Fattah el-Sisi to discuss Eni’s operations in Egpyt. According to a statement by Eni issued on Thursday, special attention was given to Eni’s progress on the plan for the development of the giant Zohr gas d
Responding to the Sustainable Shipping Initiative’s concerns that measures being taken by shipping fall short of what is required to achieve the 2 degree climate change goal, the International Chamber of Shipping (ICS) said that this misunderstands the approach already agreed at the UN negotiations
Crude oil futures eased on Wednesday after prices hit two-week highs in the previous session as tension mounted in the Middle East following Turkey’s downing of a Russian warplane.
