News
OEEC: We’ll always have Paris
Almost a year ago, in December 2015, Paris hosted a historic event, when world leaders gathered at COP21, also known as the 2015 Paris Climate Conference, and committed to tackling the climate change.
Offshore Energy 2016 kicks off on Tuesday
Tuesday, October 24, 2016, will see the kick-off of the annual Offshore Energy Exhibition & Conference in Amsterdam where companies from the oil & gas and renewable industries will meet for networking, knowledge sharing, and business. This annual event will be held on 25 & 26 October 2016 in the exh
Clarksons: Old Panamaxes Slowly Fading Away
The ‘old Panamax’ sector seems to be slowly fading away, falling from 969 units in 2012 to 796 at the start of October, as the fleet is in a steady and perhaps terminal decline, according to Clarksons Research. Although plenty of ‘old Panamaxes’ are out there battling on, things are only going one w
Port of Rotterdam: Gate LNG throughput declines
LNG throughput volumes at the Dutch Gate terminal decreased 23.9 percent for the first nine months 2016, compared to the same period in 2015.
Russian energy minister says cooperation with OPEC intensifying
By Katya Golubkova and Shadia Nasralla VIENNA (Reuters) – A short-term cap in oil output would reduce market volatility, Russian Energy Minister Alexander Novak said on Monday at a meeting with OPEC Secretary-General Mohammed Barkindo, as both are looking at ways to stabilize prices. Russia is the w
Port of Antwerp Sees Rise in Jan-Sep Cargo Volumes
Belgium’s port of Antwerp recorded a 3.3 percent cargo volume increase in the first nine months of this year, handling 161.6 million tons of freight, up from 156.5 million tons in the same period last year. The container volume in the first three quarters stood at more than 7.5 million TEUs, represe
GIINGL appoints Jean-Marie Dauger as president
The international group of liquefied natural gas importers (GIIGNL) named Jean-Marie Dauger as its president.
Drewry: Carriers Could See Higher 2017 Contract Rates
The recent rally in Asia to Europe spot market rates has improved carriers’ chances of securing higher 2017 contract rates, according to shipping consultancy Drewry. It has been another typically volatile year as far as the spot freight rate market is concerned with the weekly ups and downs once aga
Statoil affected by another incident offshore Norway
Following three recent incidents on Statoil’s assets off Norway, the Norwegian oil giant was reportedly hit by yet another offshore incident during the weekend when a gas alarm went off on a North Sea platform. To remind, less than ten days ago, Statoil experienced three separate incidents off Norwa
Maersk Drilling cuts HQ jobs due to ‘reduced activity’
Denmark-based offshore driller Maersk Drilling is reducing its headquarter organization by up to 70 positions of which approximately 20 are expected to be vacancies that will not be filled. The company explained on Monday that the reduction is a response to the continued market decline and reduced a
With Portable Solution Ballast Water Is no Longer a Bottleneck
The times are gone that a green mindset is just for the idealistic ones among us. Those with a good business sense know that public demand and new regulations create opportunities for environmental friendly products. Take Damen. With their new portable ballast water treatment unit, they enter the ma
Amec Foster Wheeler makes new appointment
London-based LNG engineer Amec Foster Wheeler appointed Philip Luna as senior vice president, business development for its oil & gas Americas business with immediate effect.
DW sees positive spin in wave of upstream contracts due to be awarded
A sustained low oil price environment is a challenging one, with ‘survival of the fittest’ being an undeniable reality of the sector, Douglas-Westwood, an energy intelligence group said its DW Monday report. According to Douglas-Westwood, upstream E&P operators, in the past two years, have scurried
Wärtsilä’s engines chosen for Argentina’s natural gas power plant
Finnish engine manufacturer, Wärtsilä will supply a 92 MW natural gas-fired baseload power plant to Sullair Argentina.