Abu Dhabi-based ports and logistics giant AD Ports Group is setting up a joint venture with Kazakhstan’s shipping firm, Kazmortransflot, to provide offshore and shipping services for energy companies in the Caspian Sea region, one of the oldest oil-producing areas in the world. The joint venture,...
Kazakhstan
COLUMN | “More money than God” – How will the supermajors spend their bumper profits? [Offshore Accounts]
Last month, US President Joe Biden slammed ExxonMobil, complaining that the energy company made “more money than God”. “We’re gonna make sure that everybo ..
The post COLUMN | “More money than God” – How will the supermajors spend their bumper profits? [Offshore Accounts] appeared first on Baird...
COLUMN | Four restructurings: Saipem saved, DOF goes to the line, Havila un-impairs and Siem surges, plus Maersk enters the wind turbine installation business! [Offshore Accounts]
Whilst the Malaysian government dithers over how to rescue its domestic oilfield services powerhouse Sapura Energy after it reported a cash crunch and a loss of US$2.1 bi ..
COLUMN | Surprises from the war in Ukraine: BP in Mauritania, P&O Maritime, USM Holdings, Viking Supply Ships, Sevnor, OSM, PXGEO [Offshore Accounts]
Last week (here) we looked at the impact of the horrific Russian invasion of Ukraine. Brent crude closed on Friday at US$118 per barrel. Russian artillery and missiles po ..
Embargo of Russian oil now spreading to Kazakhstan
The self-imposed embargo of Russian oil is spreading to Kazakhstan crude, with three shipments canceled in the past 24 hours.
The Wonder Vega, Free Spirit and Stealth Haralambos, all Marshall Islands-flagged vessels, were Black Sea-bound for the Port of Novorossiysk.
S&P Global informed clients of the three canceled loadings, citing the war risk premium associated with the grade of oil.
These latest cancellations led the Chevron-led consortium at Tengiz — Kazakhstan’s highest-producing oil field —...
https://www.freightwaves.com/news/embargo-of-russian-oil-now-spreading-to-kazakhstan
Future of digital money rests on offline payments and inclusion
Future of digital money rests on offline payments and inclusion
Thursday 13 January 2022 – Vol.13 Ed.2.4
Commentary: Kazakhstan unrest highlights importance of offline payment functionality
By Lewis McLellan in London
Civil unrest in Kazakhstan has led to internet blackouts throughout the country. Many Kazakh citizens rely on traditional digital payment methods like debit cards to buy food, but without internet connections, these are rendered useless. The crisis makes it clear that it will not be...
Caspian Offshore Construction adds shallow-draught workboat to fleet
Caspian Offshore Construction of Kazakhstan recently took delivery of a new shallow-draught workboat from the Damen Shipyards Group. Caspian Amwaj will be deployed primar ..
VESSEL REVIEW | Azerbaijan – First in series of new Russian-designed Caspian Sea rail ferries
Azerbaijan Caspian Shipping Company (ACSC) recently took delivery of the first vessel in a new series of two locally-built Ro-Pax ferries that are also capable of transpo ..
COLUMN | Holland (and Belgium)’s glory: how the low countries are winning in offshore wind [Offshore Accounts]
Holland’s Glorie is a novel published in 1940 by the Dutch writer Jan de Hartog. The novel glorified the life of the pre-war salvage master. In English, it was publishe ..
COLUMN | More mistakes? Velesto, Shearwater, PXGEO and Polarcus, P&O Maritime Logistics, Bourbon Oceanteam and Boskalis, and James Fisher Subtech [Offshore Accounts]
Last week we looked at mistakes – mistakes from lenders in Singapore to Swiber and KrisEnergy (here), and a terrible error of judgement that led to the capsizing and si ..