The coronavirus pandemic has wreaked havoc on the energy industry by driving down demand and engineering the worst-ever crude crash. At the same time, the crisis has fast-tracked the sector’s remote transformation to ensure business continuity. While the adoption of digital technologies in energy...
Kongsberg Digital and ABB Turbocharging have signed a cooperation agreement on edge data collection and ship engine performance analysis. The companies will work towards a common data infrastructure and accelerate the development of value-added digital applications and services. The agreement will...
Energy The oil market remains well supported, with Hurricane Laura having forced more than 84% of US Gulf of Mexico (GOM) oil production to shut in, which is equivalent to around 1.56MMbbls/d. The hurricane has been upgraded to a category 4, and there are real concerns over the impact when the...
https://www.hellenicshippingnews.com/the-commodities-feed-us-inventories-continue-to-fall/
The United States on Wednesday blacklisted 24 Chinese companies and targeted individuals it said were part of construction and military actions in the South China Sea, its first such sanctions move against Beijing over the disputed strategic waterway. The U.S. Commerce Department said the two dozen...
With two major US Group II base oil suppliers shut ahead of Hurricane Laura, limited supplies could further pressure Group II spot export prices. The storm’s projected path targets the heart of US refining capacity, and three major base oil production sites are at risk of potential damage. Supply...
The huge new natural gas deposit discovered off Turkey’s northern coast in the Black Sea, announced on August 21st, is one of the largest in the region in recent years. At 320 billion cubic meters, it is big enough to cover Turkey’s natural gas demand for five to six years, analysts believe. Far...
The maritime sector has remained resilient amid the Covid-19 pandemic, with container throughput falling by only 2 per cent from January to July this year compared with the same period last year. This is lower than has been registered at many other ports, said Senior Minister of State for Transport...
U.S. steel imports picked up in July, the U.S. Census Bureau reported in its monthly steel import data release today. U.S. imports of steel reached an estimated 2.4 million metric tons in July, nearly doubling the 1.3 million metric tons imported the previous month. Are you prepared for your annual...
The Covid-19 disruptions have changed the structure of the country’s oil and gas sector with the share of OPEC crude in Indian oil imports falling to a decade-low level in July. As per data with industry sources, the oil cartel’s share in India’s oil imports fell to about 67 per cent in July as...
ESPO congratulates Port of Rotterdam for renewing its EcoPorts’ Port environmental Review system (PERS), the only port sector specific environmental management standard. Being PERS certified requires amongst others that the port increases transparency by making its environmental report publicly...