After a three-month long search process, the International Association of Geophysical Contractors (IAGC) Board of Directors has announced that Ken Wells has been named as the organization’s president.
A weekly Energy Market Recap by NYC-based PIRA Energy Group reports that Asian oil balances will for now remain long, with the U.S., product stock build outpacing crude draw, thus widening commercial stock excess; and Japan’s both crude and finished product stocks rising. Oil prices in Asia are like
Texas A&M University at Qatar has established a new center in the Texas A&M Engineering Experiment Station (TEES) after approval from the Board fo Regents of The Texas A&M University System. The TEES Gas and Fuels Research Center (GFRC) is a multidisciplinary research center led by Texas A&M at Qata
German Chancellor Angela Merkel said Germany made progress in the cooperation in the energy sector with Qatar as she hosted the visit of Qatari ruler Tamim bin Hamad Al Thani. Merkel noted that the LNG sector was striding ahead while she expects an even closer cooperation in the years to come, repor
The global crude oil and refined product tanker fleet uses a classification system to standardize contract terms, establish shipping costs, and determine the ability of ships to travel into ports or through certain straits and channels, T. Mason Hamilton of U.S. Energy Information Association explai
The area of sea ice in the Arctic fell to a summer minimum of around 5.0 million square kilometres this year, which is about 1.6 million square kilometres more than the record low in 2012. However, according to sea ice physicist Marcel Nicolaus from the Alfred Wegener Institute (AWI) and Lars Kalesc
Managing director of the National Iranian Gas Company (NIGC) Hamidreza Araqi has said the company plans either to build or complete up to 11 gas pipeline projects. Araqi said the company will also try to develop gas supply infrastructures to facilitate gas distribution at home and pave the way for m
Seyed Mohammad Hossein Adeli, Secretary General of the Gas Exporting Countries Forum (GECF) hosted the 5th meeting of the high-level working group, long term strategy meeting at the headquarters of the GECF in Qatar. During the meeting, the high-level working group discussed key and strategic elemen
Qatari drilling contractor has ordered another jack-up drilling rig from Singapore’s Keppel FELS.
The global dowturn in contracting activity has seen various fluctuations in the newbuilding tonnage delivered together with variations in the number of yards delivering ships (1,000 GT and above), according to the latest report on shipbuilding issued by London-based Clarksons. “In 2005, 334 yards de
United Nations’ International Maritime Organization (IMO) has finalized draft consolidated, internationally binding regulations on the use of liquefied natural gas. The regulations were finalized at the annual session of the IMO Sub-Committee on the Carriage of Cargoes and Containers (CCC 1), where
The Drewry All Earnings Index, which covers the main bulk shipping markets, fell 20% in August and stood at 152, according to the Shipping Insight report published by shipping consultancy Drewry. The index was held back by weaker tanker and LPG charter rates, but overall earnings would have fallen f
Qatar Petroleum (QP) said that the company’s new Board of Directors held its first meeting on Sunday at QP headquarters. The meeting was chaired by Mohammed Bin Saleh Al-Sada, Minister of Energy and Industry, and held in the presence of Vice Chairman, Ahmed bin Jassim Al Thani, Minister of Economy a
VIDEO: How Auger platform escaped decommissioning Shell has launched a short movie, explaining why Auger, a tension leg platform in the U.S. Gulf of Mexico is special. BP against Scottish independence As the Scottish referendum approaches, everyone seems to have an opinion whether the Scots should
