Energy News - page 5

 

Oil Rises to 11-month High

Jan 12, 2021

Oil hit an 11-month high just below $57 a barrel on Tuesday, bolstered by Saudi Arabia's plans to limit supply, offsetting worries that rising coronavirus cases globally would curtail fuel demand.Brent crude settled up 92 cents, or 1.7%, at $56…

Sen. Schumer Calls for Offshore Wind Turbine Assembly Site to be Built in Brooklyn

Dec 29, 2020

U.S. Senator Charles Schumer on Monday joined Public Advocate Jumaane Williams, calling for a creation of a local offshore wind turbine assembly center at Sunset Park, Brooklyn, New York, and calling for the New York State Energy Research and Development Authority (NYSERDA) funding…

"Hundreds of Jobs" - Equinor Picks Port of Albany for Offshore Wind Tower Making Facility

Nov 13, 2020

Norwegian energy company Equinor has proposed the Port of Albany, in upstate New York, as the first offshore wind tower manufacturing facility in the  U.S.'Developed jointly with leading wind industry manufacturers Marmen and Welcon, Equinor…

BIMCO Analyzes Stall in China Coal Imports

Oct 01, 2020

Although many of China’s major bulk imports, such as iron ore and crude oil, have seen strong growth so far this year despite the COVID-19 pandemic, imports of coal have followed the opposite trajectory. Staggering high growth in January through…

Rolling the Dice in Chaos: The Prospects of Investment in the Gas Industry

Sep 29, 2020

As stated in the Declaration of Malabo at the 5th Summit of Heads of State and Government of the GECF Member Countries, in order to sustain the security of demand and supply of natural gas, it is necessary to ensure sufficient investments through…

Offshore Oil Wells, Ports Shut as Hurricane Sally Advances on U.S. Gulf

Sep 14, 2020

Energy companies, ports and refiners raced on Monday to shut down as Hurricane Sally grew stronger while lumbering toward the central U.S. Gulf Coast, the second significant hurricane to shutter oil and gas activity over the last month.The hurricane…

Baltic Index Retreats as Capesize Rates Drop

Aug 28, 2020

The Baltic dry index, which tracks rates for ships ferrying dry bulk commodities and reflects rates for capesize, Panamax and supramax vessels, shed 16 points, or 1.1%, at 1,488.The index registered a small 0.5% weekly gain. The capesize index fell 46 points…

Ship Emissions: ABS Spearheads the Future of EEDI for Ships

Aug 03, 2020

A team led by ABS has been awarded a contract by the European Commission (EC) to explore future directions for the IMO’s Energy Efficiency Design Index (EEDI) for ships.The landmark study will look at ways to improve and accelerate the integration…

New Mammoet Crane in Operation in Lagos Deep Offshore Logistic Base

Jul 27, 2020

Nigeria's Lagos Deep Offshore Logistic Base, LADOL, serving the country's offshore oil and gas industry, now has a new crane in operation - Mammoet Terminal Crane (MTC 15).LADOL and Mammoet had in January signed a partnership agreement aimed…

Webinar: Floating Production Forecasts & Analysis

Jul 24, 2020

A free webinar will deliver latest forecasts and market intelligence for the global floating production industry, offering insider access to business and investment opportunities in the deepwater sector.Floating Production Systems: 2020 Forecasts & Analysis…

Freight Planning… What About Offshore Wind…?

Jun 09, 2020

At the end of 2019 – December 27, to be exact – the US Department of Transportation, Office of the Secretary – filed a request for information regarding the development of a National Freight Strategic Plan (NFSP), required by the multi-year federal transportation bill…

BIMCO Tanker Rate Analysis: Reality Kicks In, Rates Fall

May 25, 2020

Tanker shipping: sky high freight rates replaced by reality of falling global oil demandGeopolitical tensions have now eased, leaving freight rates to feel the full effects of the weak underlying market and falling demand. Tanker shipping looks set to be under pressure for the rest of the year…

GFS Storage Tanks Aid Green Energy Growth

Apr 22, 2020

Balmoral Tanks introduced a new range of glass fused to steel (GFS) liquid storage tanks, part of the company’s portfolio of storage tanks for the water, wastewater, anaerobic digestion and processing markets.The development follows a $20m+…

US Crude Futures Plunge to Lowest on Record

Apr 20, 2020

U.S. crude oil futures collapsed below $0 on Monday for the first time in history, amid a coronavirus-induced supply glut, ending the day at a stunning minus $37.63 a barrel as desperate traders paid to get rid of oil.Brent crude, the international benchmark…

While Oil Prices Plummets, Tanker Rates Fly High

Apr 02, 2020

If one ever needed proof that, no matter how dire the situation, there is always a silver lining, look no further than the crude tanker market, which has seen it day rates skyrocket in the face of a global pandemic that has effectively ground world commerce to a crawl…

Logistics News

From Paper to Pixels: Embracing the Digital Logbook

From Paper to Pixels: Embracing the Digital Logbook

Floating Wind to Drive U.S West Coast Port Developments

Floating Wind to Drive U.S West Coast Port Developments

Venezuela's PDVSA Tightens Oil Prepayment Rules

Venezuela's PDVSA Tightens Oil Prepayment Rules

Finance: Investors Become Super-Bullish on Oil

Finance: Investors Become Super-Bullish on Oil

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