International energy consultancy Xodus Group has launched a new analysis showing that a rapid pivot to gas would be required to deal with rising global energy demand.
Offshore Energy Today’s most popular news of the past week.
As China’s coronavirus epidemic continues to expand and more countries are affected, the slowdown in global oil and gas consumption this year will hit suppliers who will see average prices fall below previous expectations, according to Rystad Energy’s revised forecasts.
Coronavirus outbreak is estimated to be costing the shipping industry USD 350 million a week.
United Kingdom’s liquefied natural gas import terminals on the Milford Haven waterway are set to receive the first trio of cargoes in March.
Iran unveiled a massive newbuilding program in an effort to modernize the country’s fleet.
Baker Hughes, a GE company, has been contracted to provide the turbomachinery for Oman LNG’s debottlenecking project.
Offshore Energy Today’s most popular news of the past week.
The outbreak of the coronavirus comes at one of the worst time for the shipping industry.
IMO urges member states to undertake measures to prevent unnecessary delays of ships.
Qatar Petroleum and the French LNG terminal operator Elengy signed a long-term agreement for LNG receiving, storage and regasification services at the Montoir-de-Bretagne LNG terminal in France.
NOC: Fuel vessels have been evacuated urgently from Tripoli port.
Qatar’s Nakilat, the world’s largest liquefied natural gas (LNG) shipping company, reported a 12.4 percent rise in profit for the year 2019.
The daily cost of hiring a VLCC for 12 months has fallen by over 20% in the last month.
