Pakistan does not expect the geopolitical isolation of Qatar led by Saudi Arabia and other Arab countries to impact its LNG supply deal.
South Korea’s Kogas said Thursday it started commercial operations of three liquefied natural gas (LNG) storage tanks at its Samcheok receiving terminal located some 290 kilometers east of Seoul. Kogas has been testing the three 270,000-cbm capacity LNG storage tanks since March this year. The compa
Natural gas production worldwide last year recorded the weakest growth in almost 34 years as liquefied natural gas (LNG) trade rose and continues the upward trend, according to a report by energy giant BP. Global gas production increased only 0.3 percent to 21 bcm in 2016, the weakest growth in gas
More insights into the worldwide supply chain and a wider selection of companies and organizations: the 2017 version of the online Offshore WIND International Business Guide promises to take the reference guide to the next level.
Qatar Petroleum and Shell, the two world’s largest LNG companies, on Tuesday signed a framework agreement to develop liquefied natural gas bunkering infrastructure at strategic shipping locations across the globe. This move follows two agreements Shell and Qatargas signed with industry partners in 2
Large shipping losses have declined by 50% over the past decade, largely driven by the development of a more robust safety environment by shipowners, according to Allianz Global Corporate & Specialty SE’s (AGCS) fifth annual Safety & Shipping Review 2017. 85 large vessels were lost worldwide in 2016
BP has released its 66th annual review of world energy markets. Energy demand was low, renewables grew, coal lost a large share, and gas production grew very slowly, and oil consumption grew strongly. The oil and gas company said the review of 2016 demonstrates the long-term transitions now underw
By Ron Bousso LONDON (Reuters) – Global energy demand continued its sluggish growth last year as China’s growth fell to its lowest in nearly 20 years while renewables flourished, BP <BP.L> said in a report on Tuesday. Slower demand growth helped stall the acceleration of greenhouse gases emissions f
Oil prices edged down on Tuesday after OPEC reported an increase in its production for May despite a supply cut agreement
If crude oil vessels from Qatar are banned from entering neighboring countries’ ports, it could have a small negative impact on the VLCC market, although Aframaxes and Suezmaxes may benefit, Poten & Partners said, reflecting on the implications of the Qatar crisis for the tanker market. With co-load
McDermott, a U.S.-based engineering, procurement, construction and installation company, recently loaded out and installed the first jacket fully fabricated by the company at its recently opened Dammam fabrication yard in Saudi Arabia. The Safaniya 264 jacket is part of McDermott’s long term agreeme
OPEC on Tuesday said a long-awaited rebalancing of the oil market was under way at a “slower pace” and reported that its own output in May jumped due to gains in nations exempt from a pact to reduce supply.
Vessels which have loaded in Qatar and wish to bunker in Fujairah, the UAE, may be able to do so as long as they are not Qatari-flagged or owned, law firm Ince & Co informed citing the Port of Fujairah’s updated circular. Initially, the port banned the calls of Qatari-flagged ships in addition to an
In response to the Arabian leading powers cutting ties with Qatar last week, Qatar Petroleum (QP), one of the world’s largest gas exporters, has directed all resources to “mitigate the impact of any action that could hamper energy supplies to its customers across the globe.” To remind, Saudi Arabia,
