LNG engineer KBR said that Jay Ibrahim has been appointed to serve as President of Engineering and Construction, Middle East and North Africa.
LNG engineer KBR said that Jay Ibrahim has been appointed to serve as President of Engineering and Construction, Middle East and North Africa.
Containerization has reformed the ocean transportation of cargo becoming the standard method of moving goods across the globe today. Although the containers have simplified the shipping of large quantities of goods all round the world, there have been a number of incidents, which involved the loss o
Iran should be ready to shoulder responsibility for any kind of incident that may arise from its failure to let its cargo ship, which is said to be carrying humanitarian aid to Yemen, to be searched by Saudi-lead coalition before being allowed into the country, Yemen warned. Tehran “bears complete r
Moody’s Japan K.K. says the outlook for the global shipping industry over the next 12-18 months is stable. “Moody’s-rated shipping companies should report aggregate year-over-year EBITDA growth of around 5%-7% over the next 12 to 18 months. Our expectation indicates a stable outlook for the industry
Iranian navy plans to escort a cargo ship bound for the Yemeni port of Hodaida, which is controlled by Houthi fighters, Iranian news agency IRNA reported on Tuesday quoting a naval commander. The Iran Shahed cargo ship, owned by Tehran-based Valfajr Shipping, is said to be carrying humanitarian aid
Freight rates in the tanker market remained firm in April, considering seasonal weakness in activity and rates in general, Drewry’s Tanker Insight shows. Sluggish fleet growth and improved tonnage demand resulted in high utilisation rates, supporting firmness in freight rates. Despite the shutdown o
Rising West Africa to Europe crude trade, dramatic increases in spot fixtures out of the Middle East Gulf and a more active Caribbean market had helped the Suezmax market outperform Very Large Crude Carriers (VLCCs) for most of last year, but the tide has turned in 2015, UK shipbroker EA Gibson says
The Gas Exporting Countries Forum (GECF) has devised a model for forecasting gas market behavior over the world. The model was developed through the assessment of over 6,000 variables supplied by GECF member countries and is aimed at forecasting the market conditions in middle and long-term time spa
The Gas Exporting Countries Forum (GECF) has devised a model for forecasting gas market behavior over the world. The model was developed through the assessment of over 6,000 variables supplied by GECF member countries and is aimed at forecasting the market conditions in middle and long-term time spa
More vessels are being used to store crude oil based on a recent report by Poten & Partners covering the last 4-6 weeks. The trend has emerged countering the traditional economics that do not seem to support it at this point in time. Since early April, crude oil prices have rebounded from their mult
Delek Group informed that Tamar partners have signed a deal with Israel Electric Corporation to increase the amount of natural gas delivered from the Tamar field.
Delek Group informed that Tamar partners have signed a deal with Israel Electric Corporation to increase the amount of natural gas delivered from the Tamar field.
Dear readers, as every week, we’re bringing you a list of the most popular stories on Offshore Energy Today. Unsurprisingly, the most popular story was the one on a fatal accident offshore Mexico, in which two workers died after a jack-up rig tilted due to a fault in one of its legs. The second most
