With the first facility coming online just 31 months ago, the U.S. now stands at the beginning of a tremendous chance to flourish in the rapidly expanding liquefied natural gas (LNG) export business. Our capacity to export LNG is set to boom from ~3.5 Bcf/d today (about 4% of total U.S. gas...
https://www.hellenicshippingnews.com/the-u-s-must-not-lose-chinas-liquefied-natural-gas-market/
With oil traders forecasting crude oil to rise to $100 a barrel by the end of the year, Indian refiners are considering cutting back their imports and relying more on cheaper crude already stored in inventories, according to industry executives. Benchmark Brent crude oil futures surged 2 percent on...
China imported 4.71 million tonnes of liquefied natural gas (LNG) in August, up 51.5 percent year on year, the country’s customs authority said. Total LNG imports in the first eight months reached 32.63 million tonnes, up 47.8 percent year on year, according to the General Administration of...
On the first edition of the Ocean Innovation Awards on Friday 21 September 2018, organized by ADECAN in partnership with the French Maritime Cluster, Energies de la Mer and the Oceanographic Institute – Albert 1er Foundation, Prince de Monaco – the Mini-P2R containerized petroleum residue...
https://www.hellenicshippingnews.com/ecoslops-mini-p2r-awarded-with-a-trophee-de-linnovation-ocean/
Lloyd’s Register certified marine risk assessor and maritime software developer, Prevention at Sea, has recently signed two Memorandums of Understanding (MOUs). The first one has been signed with SQLearn, a leading e-Learning company that provides technological training solutions, and the two...
https://www.hellenicshippingnews.com/prevention-at-sea-signs-two-mous/
Oil prices jumped more than 2 percent to a four-year high on Monday after OPEC declined to announce an immediate increase in production despite calls by U.S. President Donald Trump for action to raise global supply. Benchmark Brent crude hit its highest since November 2014 at $80.94 per barrel, up...
The development of floating offshore wind will be held up by the limitations of current port infrastructure, recent research has revealed. As part of the Floating Wind Joint Industry Report, published on behalf of the Carbon Trust, LOC Renewables, a world-leading marine and engineering consultancy,...
Iraq, the second-largest OPEC producer, is exporting close to 3.6 million barrels per day (bpd) of crude from its southern oilfields, as OPEC and others ramp up output to replace supply shortfalls from Iran and Venezuela, an Iraqi oil official said. “We are a little less than 3.6 million bpd … but...
https://www.hellenicshippingnews.com/iraqs-southern-oil-exports-close-to-3-6-mln-bpd-somo/
European gas trading volumes in 2018 may beat the record 51,000 terawatt hours (TWh) recorded in 2016 unless unseasonally warm weather prevails for the rest of this year, Prospex said in a report on Friday. The British research company said slower trading in 2017 was followed by an upturn in the...
https://www.hellenicshippingnews.com/europe-gas-trade-volume-on-track-for-record-in-2018-so-far/
On 19th September, 2018 in Kiev, the International Finance Corporation (IFC) held a conference for potential participants of the upcoming contests for the selection of the concessionaire in ports of Olvia and Kherson. Representatives of more than 25 Ukrainian and foreign companies (USA, China,...