The Association of Bulk Terminal Operators has warned that cargo liquefaction, an issue commonly associated with the seaborne transportation of unprocessed mineral ores and concentrates, is also an issue which bulk terminals need to pay attention to. Speaking at the ICHCA ISP76 panel meeting in Lond
Oil prices rose on Monday from multi-week lows after Venezuela said OPEC and non-OPEC producers were close to a deal to stabilise the market and as clashes in Libya disrupted attempts to boost crude exports.
The oil market is recovering but at a slow pace, and it could take six months for oversupply to disappear and another six to twelve months to burn excess inventories, McKinsey Energy Insight said in its recent report. McKinsey also feels OPEC’s capacity to increase production further could keep the
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Air Products ships first LNG heat exchanger from its new Florida facility LNG equipment maker Air Products on Friday rolled out the first completed liquefied natural gas (LNG) heat exchanger manufactured at its new production facility in Manatee County, Florida. Wood waste spill at Woodfibre LNG sit
Singapore-based gas shipping giant BW said its FSRU BW Singapore, used as Egypt’s second LNG import terminal in Ain Sokhna Port, has achieved a milestone ship-to-ship (STS) transfer. BW Singapore completed its 50th STS transfer since it started operations in Ain Sohna in October last year, BW said o
Global oil demand growth is slowing at a faster pace than initially predicted, International Energy Agency said in its Oil Market Report (OMR) for September. For 2016, a gain of 1.3 mb/d is expected – a downgrade of 0.1 mb/d on IEA’s previous forecast due to a more pronounced third quarter 2016 slow
Qatar Petroleum is reportedly interested in the Mozambique gas business of Italy’s Eni and could opt to join ExxonMobil in buying a multibillion-dollar stake. Reuters reported on Monday, citing sources familiar with the matter, that Qatar Petroleum is in talks with ExxonMobil and Eni on some kind of
Global container terminal operators have taken their foot off the pedal when it comes to greenfield projects, carriers especially so, and are instead looking for growth, risk mitigation and opportunities through M&A activity, according to shipping consultancy Drewry. The change of gear and strategie
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Offshore Energy Today has recently interviewed Mr. Paul Appleby, Head of Energy Economics at BP. Mr. Appleby, who is responsible for the renowned BP Energy Outlook, will be a keynote speaker at Offshore Energy event in Amsterdam, on October 25. We touched upon a plethora of subjects from oil prices,
Russia and Bahrain signed a number of agreements during the working visit of Bahrain’s King Hamad bin Isa Al Khalifa to Russia, including a memorandum of understanding on cooperation in the field of LNG.
By Osamu Tsukimori TOKYO (Reuters) – Oil prices erased early losses to trade higher on Wednesday partly due to a weaker dollar, but gains were limited as market participants remained sceptical producers would reach an agreement to freeze output to rein in a global supply glut. London Brent crude for
Oil slipped towards $47 a barrel on Tuesday, falling further from the previous session’s one-week high on receding hopes for imminent action to tackle a supply glut.
