Top News of the Week Feb 18 – 23, 2013
Deputy minister of petroleum and managing director of the National Iranian Gas Company (NIGC), Javad Owji explained the result of Iranian minister of petroleum talks with his Pakistani counterpart on gas pipeline in Islamabad. He said that all the agreements between the two countries under the Iran-
Rowan Drilling has secured a new contract for its jack-up rig Rowan California in the Middle East. The drilling contractor revealed in its fleet status update for February that the rig will be hired by Maersk Oil. The Denmark-based oil company will use the rig for drilling operations offshore Qatar.
Polarcus Amani is an ultra-modern, super high ice class, 12-14 streamer 3D/4D seismic vessel. Built to the ULSTEIN SX134 design and incorporating the innovative ULSTEIN X-BOW® hull, the vessel combines the latest developments in maritime systems with the most advanced seismic technology commercially
Drewry’s latest Chemical Forecaster report highlights a significant change in the orderbook. Persistent fleet expansion far in excess of trade growth has persistently eroded utilisation rates, checked only by scrapping. The only good news is that current market conditions are making it harder to get
Visiongain’s analysis indicates that the FLNG market will reach a value of $9.5bn in 2013, as confidence and investment continues in the regasification side of the market (FSRU) and final investment decisions are made on floating LNG production vessels (LNG FPSO). One core factor underpinning this i
This video presents a wind propulsion system by SkySails GmbH with a towing kite measuring up to 320 metres, that provides additional thrust for the ship at sea, a sustainable solution for reducing fuel consumption, costs and emissions. Depending on wind conditions, fuel costs can be lowered between
In the following video Dr Carole Nakhle, an energy economist, based in London, UK, specialising in international petroleum fiscal regimes, world oil and gas market developments, and energy policy, is discussing risks and opportunities for potential investors regarding offshore oil and gas exploratio
Maersk Oil Qatar and Gulf Drilling International (“GDI”) have signed a four year agreement for 770 million Qatari Riyal (approximately $211 mln) under which Maersk Oil Qatar will contract the Al Jassra, GDI’s new-build jack-up drilling rig. The contract covers drilling and well work-over activity in
Drewry’s latest Dry Bulk Forecaster report suggests that cash-strapped shipowners will scrap younger and younger ships this year as the dry bulk market wallows in the doldrums. A ship as young as 15 years has already been sold for scrap in recent months, and the average scrapping age of Chinese-buil
Iran’s President Mahmoud Ahmadinejad has inaugurated the largest associated petroleum gas (APG) plant in the Persian Gulf, built on the southern Iranian island of Siri to produce condensate and gather associated gas. Addressing the inauguration ceremony of the largest associated petroleum gas (APG)
According to Russia’s energy minister, Zarubezhneft has expressed its desire to take part in oil and gas projects in Iran. Iran has invited Russian companies to take part in developing some of its oil and gas fields, Energy Minister Alexander Novak said. Iran’s Foreign Minister Ali Akbar Salehi and
President Asif Ali Zardari said Pakistan attached great importance to early completion of Iran-Pakistan gas pipeline project in view of energy crisis in the country. The President called for stepping up efforts for early completion of all the bilateral projects of Iran and Pakistan, in a meeting wit
“Time Out” on LNG Exports Sought from Obama Administration, USA In a major issue advertisement appearing in New York Times, more than 40 groups and high-profile individuals are calling on President Obama to take a “time out” in the headlong run to export more than 40 percent of America’s natural gas
