Qatar Port Management Company is getting ready to transfer all container terminal operations from the Port of Doha to the new Port of Hamad, German shipping major Hapag-Lloyd informed. The Port of Hamad is expected to commence vessel operations, discharging and loading activities from December 1, 20
The oil & gas industry is known for being cyclical, however, the current reality of a ‘lower for longer’ oil price has made sanctioning large offshore projects financially unviable, Douglas-Westwood, an energy intelligence group, writes in its DW Monday report. Many oil majors have opted to focus on
OPEC Secretary General, Mohammad Sanusi Barkindo, met with Iran’s Minister of Petroleum, Bijan Namdar Zanganeh, during a closed-door session on November 19 in Tehran. The visit comes ahead of the much-awaited OPEC meeting in Vienna on November 30, where OPEC members will decide whether to cut oil pr
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Over 100 more classic Panamaxes would need to be scrapped in the coming months to re-balance supply and demand, and reduce the total pool to less than 470 units, compared to 670 units four years ago, according to Alphaliner. Only such a drastic reduction could elevate rates from their current all-ti
Lloyd’s Register, a global engineering, technical and business services organization, has launched a new decommissioning service, with the timing coinciding with the Offshore Decommissioning Conference 2016 held this week in the UK. Lloyd’s Register said on Wednesday that the new service would help
As a result of major transformations in the global energy system that take place over the next decades, renewables and natural gas are the big winners in the race to meet energy demand growth until 2040, according to the latest edition of the World Energy Outlook, the International Energy Agency’s f
As a result of major transformations in the global energy system that take place over the next decades, renewables and natural gas are the big winners in the race to meet energy demand growth until 2040, the International Energy Agency said in its latest World Energy Outlook.
A study of oil and gas workforce, conducted by Rigzone, has revealed which operators and service companies are rated highest by oil and gas professionals based on key issues including values, performance and pay rates. According to the study Shell, Chevron, ExxonMobil, BP and Halliburton make up the
The end of one of the worst downturns in the history of oil and gas may be in sight, as OPEC’s November meeting looms large – bringing with it fresh hopes of a production cut and consequent market rebalancing said Douglas-Westwood, an energy intelligence group, in its DW Monday report. In this conte
By Amanda Cooper LONDON (Reuters) – Oil fell to its lowest in three months on Monday, as the prospect of another year of oversupply and weak prices overshadowed chances that OPEC will reach a deal to cut output. Donald Trump’s surprise victory in last week’s U.S. presidential election has boosted st
The unexpected has happened. Donald Trump will be the next president of the United States of America.
By Christopher Johnson LONDON (Reuters) – Oil prices reversed early losses to push higher on Thursday as markets recovered from their initial shock at U.S. President-elect Donald Trump’s surprise victory, although traders said that crude fundamentals remained weak. Trump’s election initially stunned
By Henning Gloystein SINGAPORE (Reuters) – Oil prices tumbled on Wednesday as Donald Trump stunned the world by winning the U.S. presidential election, throwing global markets into turmoil in a result reminiscent of June’s Brexit vote. Crude futures markets roared into action, with trading accelerat
