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South Africa Will Be Major Global Force Within LNG Bunker Market Says DNG Energy: Company to commence LNG bunkering oper

21/11/2019

DNG Energy, the leading South African LNG infrastructure provider, is poised to start LNG bunkering in South Africa’s largest bunkering port, Algoa Bay. In conjunction with its continuing investment into LNG infrastructure by 2020, the development reaffirms the company’s commitment

Gasum expands their maritime fuel supply by the new Swedegas’ facility in the port of Gothenburg

21/11/2019

Gasum, the leading Nordic supplier of small scale liquified natural gas (LNG), announced that they have agreed with Swedegas to use Swedegas’ facility for liquefied gas for bunkering of LNG fueled vessels. Swedegas’ gas infrastructure at the jetty of the

Petrobras Set To Become World’s Largest Oil Producer

20/11/2019

Brazil's Petrobras is on track to become the world's largest oil producer among publicly listed companies by 2030, based on Rystad Energy's latest data and forecasts.

Brazil's biggest-ever oil auctions in November were generally deemed to be disappointing, receiving muted interest

Operating projects like the pilot of a jet fighter

20/11/2019

Our basic concept of how to run projects must be taken to a new level. By utilising proven systems thinking methodologies and combining them with situational awareness from AI, we can move from a reactive mode to anticipating what will

Shell Marine Secures Contract For Cosco Shipping Specialized Carriers

19/11/2019

Shell Marine has extended its relationship with China COSCO Shipping Company Limited (COSCO SHIPPING) businesses, after winning a contract to supply lubricants for five 62,000 dwt multi-purpose pulp carriers due delivery to COSCO SHIPPING Specialized Carriers Co Ltd in 2019

The IEA’s outlook to 2040

19/11/2019

The annual publication of the International Energy Agency's World Energy Outlook is always a landmark event in the calendar. Even people who disagree with its conclusions acknowledge that it provides a wealth of thought-provoking data and analysis, and the 808-page

Tankers: Fixture Activity in the VLCC Market Sporadic

18/11/2019

VLCC
With at least half of the VLCC market participants meeting in Dubai this week, fixture activity has been sporadic, with rates slipping slightly. However, the market is reported to have bottomed and is now rebounding. This is evidenced by

Recent developments in global oil inventories

18/11/2019

Global oil inventories consist of three major components. The first is a combination of total OECD commercial oil stocks and Strategic Petroleum Reserves (SPR). OECD commercial stocks typically serve as a key indicator of the status of the oil market,

What’s driving the VLCC market?

16/11/2019

VLCC TCE rates ended October at around $50k. This is below the high reached in the middle of the month, but still represents a healthy return for owners. Interestingly, as shown in the charts below, ton mile demand is down

Oil Market Report: Pausing to reflect

16/11/2019

Global oil demand in 3Q19 increased by 1.1 mb/d year-on-year (y-o-y), more than double the 435 kb/d seen in 2Q19. China's demand increased by 640 kb/d y-o-y in 3Q19, the biggest contributor to global growth. In 4Q19, we expect further

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