The regions of Scandinavia, the Mediterranean and France-Belgium were the best negotiators in terms of vessel buying activity between 1 July 2015 and 30 June 2016, according to the first Country Overview Report issued by VesselsValue (VV). A ‘good negotiation’ could be assessed by comparing the diff
DUBAI (Reuters) – Iran will issue a preliminary list of international energy companies eligible to take part in tenders to develop its oil and gas fields within the next two weeks, a senior Iranian oil official said on Monday. “Not all foreign companies active in the oil industry can participate in
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By Christopher Johnson LONDON (Reuters) – Oil prices rallied from sharp losses on Thursday but brokers said the downtrend could resume soon as record-high stocks and worries over slowing economic growth dampened sentiment. Brent crude oil <LCOc1> was up 50 cents at $46.76 a barrel by 0745 GMT. U.S.
Qatar’s Nakilat, the world’s largest LNG shipper, said its net profit rose 2 percent in the first half of this year as compared to the same period a year ago. The LNG shipping giant posted a net profit of 501 million riyals (US$138m) for the first half, compared to 491 million riyals in 2015. Earnin
Global oil supplies rose by 0.6 mb/d in June, to 96 mb/d, after outages curbed OPEC and non-OPEC supplies in May, while production was 750 kb/d below as higher OPEC output only partially offset non-OPEC declines, International Energy Agency (IEA) has informed in its Oil Market Report for July. IEA s
Popular news, July 4 – 10, 2016
Liquefied natural gas deliveries from Qatar to India and Pakistan jumped 46 percent year on year due to lower demand from East Asia and higher output.
Offshore Energy Exhibition & Conference 2016, to be held in Amsterdam, The Netherlands, in October this year, will be hosting a technical session on offshore industry opportunities in Iran. Iran, a large Middle Eastern country, has found itself in the energy industry limelight again following the li
Noble Energy signed an agreement to sell 3 percent working interest in the Tamar gas field offshore Israel, to the Harel Group in partnership with Israel Infrastructure Fund.
Polarcus, a marine seismic acquisition company, on Tuesday posted its fleet utilization figures for the second quarter of 2016. Utilization for the quarter was 91 percent, an increase from 80 percent in the second quarter of 2015. By category, 76 percent of vessel utilization came from contract seis
The demand outlook for the multipurpose vessel (MPV) fleet has not improved since the first quarter of 2016 and is set to remain unchanged until the end of 2017 due to persisting weakness in breakbulk and project cargo sectors, according to the latest Multipurpose Shipping Market Review and Forecast
After a period of very limited tanker fleet growth across all but the MR sector, the tanker fleet has surged over the past twelve months by another 203 units amounting to 21.9 million dwt, according to Gibson Shipbrokers. The strength of the tanker market during the low oil price regime meant that o
The International Dockworkers’ Council (IDC), International Transport Workers’ Federation (ITF) and European Transport Workers’ Federation (ETF) are planning to organize an hour of activities on international dockers’ action day on July 7 at 8 am local time. Under the slogan “Defend Dockers Rights,”
