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Exploration gets its mojo back

20/06/2018

Exploration is staging a remarkable turnaround in its fortunes, with a string of big discoveries in recent months.

Many of these look to be potentially commercial, a sign that the industry can still create value. This is the only KPI that

Achieving cost savings when stacking or reactivating offshore units

20/06/2018

Why choose Wilhelmsen to support the stacking, preservation or re-activation of offshore supply vessels or drilling rigs?
Two reasons: cost savings and quality products. As a chemical manufacturer owner, we advise and serve our customers with the right products at

IMO Member States Must Progress on Key Sulphur Cap Issues at Critical Meeting in July

19/06/2018

The shipping industry – as represented by its international trade associations (BIMCO, ICS, INTERCARGO, INTERTANKO and WSC) – calls on the Member States of the International Maritime Organization (IMO) to make progress on key challenges around the global sulphur cap

IBIA comment on current problem fuels from the US Gulf

19/06/2018

A significant number of ships have experienced serious operational problems – chiefly sticking/seizing fuel pumps and in some cases filter blockages – after lifting bunker fuels from the US Gulf region since late March and during April/May. Most cases have

Tankers: Is a Further Weakening Around the Corner?

18/06/2018

VLCCs
Although the market in the ME Gulf to China had been steady in high WS 40s, there are now reports of WS 48, and subsequently, WS 47 being agreed. With this, brokers feel there is potential for further weakening.

Innovative solution for lowering of ship emissions tested in the port of Rotterdam

18/06/2018

A scrubber technology that saves on fuel costs while at the same time complying with the IMO 2020 0.5% sulfur emission regulations. Van Oord, also active in dredging and the construction of wind farms at sea, sees benefits in this

Hatzipateras Expects Higher Freight Premium for Dorian LPG’s Ships, On Early Compliance to Low-Sulphur Rules

16/06/2018

Dorian LPG Ltd., a leading owner and operator of modern very large gas carriers (“VLGCs”), yesterday reported its financial results for the three months and fiscal year ended March 31, 2018.

Highlights for the Fourth Quarter and Fiscal Year Ended March

EIA expects Brent crude prices will average $71 per barrel in 2018, $68 per barrel in 2019

16/06/2018

In the June 2018 update of its Short-Term Energy Outlook (STEO), EIA forecasts Brent crude oil prices will average $71 per barrel (b) in 2018 and $68/b in 2019. The updated 2019 forecast price is $2/b higher than in the

Global LNG markets move from oversupply to rebalancing

15/06/2018

Fears of an oversupplied liquefied natural gas (LNG) market are beginning to ease as indications point towards a more modest rebalancing.

Much of last year’s oversupply was absorbed by record demand from China. But can the market, particularly in Europe, absorb

Development of Alaska’s ANWR would increase U.S. crude oil production after 2030

15/06/2018

In December 2017, the passage of Public Law 115-97 required the U.S. Secretary of the Interior to establish and administer a competitive oil and natural gas program for the leasing, development, production, and transportation of oil and natural gas in

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