Logistics News

 

Corpus Christi Port to Build Oil Export Terminal

Oct 29, 2018

Port to build oil export terminalPrivate equity firm Carlyle Group will partner with the Port of Corpus Christi, the top oil export hub in the United States, to develop a major crude oil export terminal on Harbor Island.Carlyle's announcement comes as infrastructure in the U…

Kitron Signs MASS Nodes Deal with Magseis

Oct 22, 2018

Scandinavia's Offshore/Marine electronics manufacturing services company Kitron and Norwegian geophysical company Magseis ASA has entered into an agreement to manufacture Magseis' MASS (Marine Autonomous Seismic System) nodes to support their growth…

New Service for Offshore Blade Inspections

Sep 24, 2018

WTG blade assessments are usually costly and time consuming. EWPL Ocean aggregates tasks and wind turbines in scope for blade assessment into its service train and can offer this service at an attractive price, with no weather risk.ESVAGT said it has joined forces with Wind Power Lab…

Mitchell to Head Up ASCO Operations Function

Sep 21, 2018

Steve Mitchell has been appointed to the Senior Management team at ASCO, taking up the role of Operations Director (Scotland) as the materials management company continues its drive for efficiency through digitalization.Mitchell, who will be based at ASCO HQ in Aberdeen…

Maersk to Merge Damco, Ocean Product Units

Sep 19, 2018

A.P. Moller-Maersk will merge Damco Supply Chain Services and Maersk Line's Ocean Product, the Danish shipping giant announced on Wednesday, as it seeks to offer customers the chance to deal with one firm when shipping goods across the world…

Denmark Swings to Net Oil Importer as North Sea Production Dips

Aug 30, 2018

A 25-year period for Denmark as a net oil exporter is set to end this year following output declines in the North Sea, the country's energy agency said on Thursday after slashing its long-term oil production forecast.The Danish Energy Agency expects this year's oil production to reach 128…

Transporting Costs Go Up: TMM

Aug 24, 2018

The thirty-sixth edition of the Transport Market Monitor (TMM) by Transporeon and Capgemini Consulting reveals high transport prices due to declining transport capacities and rising fuel costs.In Q2 2018, the capacity index decreased by 36.3% to 70…

Seanergy Maritime Holdings Revenue up by 20% in 1H 2018

Aug 12, 2018

Seanergy Maritime Holdings Corp. net revenues for  six months ended June 30, 2018 were $38.1 million, up 20% from the first half of 2017.The shipping company generated net revenues of $16.8 million for the quarter ended June 30, 2018, an 8% decrease compared to the second quarter of 2017…

ConocoPhillips sells 16.5 pct of North Sea Asset to BP

Jul 03, 2018

U.S. oil producer ConocoPhillips said on Tuesday it would sell a 16.5 percent stake in the Clair field to oil major BP for an undisclosed price. Houston, Texas-based ConocoPhillips will retain a 7.5 percent interest in the North Sea offshore oil field through a unit while BP will hold a 45…

Panama Imports Its First LNG Cargo

Jun 19, 2018

Panama has imported its first liquefied natural gas (LNG) cargo to commission the newly built $1 billion Costa Norte facility and power plant at Colon, expected to be a launch-pad for LNG trade across Central America.Many utilities in Central…

Oil Slips Further as Focus on OPEC Mounts

May 24, 2018

U.S. crude, gasoline inventories rise unexpectedly as Brent-WTI spread nears widest margin in three years. Oil prices recorded their largest one-day drop in two weeks on Thursday, with expectations building that OPEC will end an output deal…

Conoco Moves to Seize PDVSA's Caribbean Assets

May 07, 2018

U.S. oil firm ConocoPhillips has moved to take Caribbean assets of Venezuela's state-run PDVSA to enforce a $2 billion arbitration award over a decade-oil nationalization of its projects in the South American country, according to three sources familiar with its actions…

Two U.S. Coal Miners See Growth Amid Sector's Gloom

May 02, 2018

U.S. electric utilities are expected to shut hundreds more of their coal-fired power generators in the coming years, extending a long trend away from coal and toward natural gas that has cast a pall over the mining industry. But not every U…

Is Aramco Share Sale Distorting OPEC Policy? Kemp

Mar 07, 2018

By restraining production, OPEC and its allies have succeeded in eliminating excess oil stocks and accelerating the recovery in prices, but they are paying an increasingly high price in terms of market share. U.S. producers will capture all the growth in global oil consumption this year…

Shell: LNG Supply Shortage Possible as Demand Surges

Feb 26, 2018

The global liquefied natural gas (LNG) market has continued to defy expectations of many market observers, with demand growing by 29 million tonnes to 293 million tonnes in 2017, according to Shell’s annual LNG Outlook. Such strong growth in demand is consistent with Shell’s first LNG Outlook…

Current News

Saipem in Talks to End Its Arctic LNG 2 Projects in Russia

Saipem in Talks to End Its Arctic LNG 2 Projects in Russia

Keppel Terminates Semi-sub Rig, Jack-up Rig, and Liftboat Orders as Clients Fail to Pay Up

Keppel Terminates Semi-sub Rig, Jack-up Rig, and Liftboat Orders as Clients Fail to Pay Up

MODEC, Toyo to Form Engineering JV for Large-Scale FPSOs

MODEC, Toyo to Form Engineering JV for Large-Scale FPSOs

International Breakthrough: Reach Subsea's OCTIO Nets 4D Geophysical Monitoring Work in Australia

International Breakthrough: Reach Subsea's OCTIO Nets 4D Geophysical Monitoring Work in Australia

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