Shell, Rolls-Royce, MAN Ink LNGi Deal
DNV GL’s new LNG intelligence portal (LNGi) aims to bring stakeholders from across the LNG industry together to share market intelligence and contribute to the uptake of LNG as a ship fuel. Leading LNG suppliers and engine manufacturers including, Shell, the Marine division of Rolls-Royce and MAN will be some of the first companies to use LNGi.
Offshore Oil & Gas: Floating Production Market a Bright Spot
Despite industry gloom about the offshore market, orders for production floaters continue to flow. Over the past few weeks a speculatively-ordered FLNG found use off Africa, negotiations began to convert a third LNG carrier to an FLNG, an FSRU was ordered and a modified LNG tanker has been leased for storage use. Looking forward…
Global LNG Analytics Services Announced
TerraMar Networks and Energy Perspectives join forces to offer ground-breaking LNG analytics services. Global GPS asset tracking provider, TerraMar Networks Limited has announced that it has entered into an agreement with Energy Perspectives, expert consultancy in natural gas based in Norway, to collaborate on an innovative global analytics services for the LNG (liquefied natural gas) market.
Nigeria Offshore Drilling Expenditure Surges
Offshore drilling expenditure in Nigeria, Africa’s leading oil producer, will hit $2.26 billion in 2016, according to the latest report from GBI Research, a business intelligence firm sourced by this 'BusinessDay' news item. The report which provides forecasts for the offshore drilling industry in the Middle-East and Africa region up to 2016…
Trafigura Replicates Oil Market Tactics with LNG
Growing spot market attracts commodity trade houses; Trafigura traded 1.7 mln tonnes LNG in 2014. Trafigura is blazing a trail for trade houses, adopting highly successful tactics used in oil markets, to get an edge in the burgeoning liquefied natural gas (LNG) sector. Oil traders usually act as a go-between for producers and end users…
Next-wave LNG Terminals get Smaller, More Flexible
The liquefied natural gas market is growing every year, but the terminals that ship and receive the fuel are shrinking. The booming sector's next-generation infrastructure is being designed for a emerging-market buyers that want smaller volumes on shorter, more flexible contracts. LNG export terminals, where the gas is liquefied and put on vessels for shipping…
Bunker Pricing Service Launched by Argus
Argus Marine Fuels has launched a daily marine fuels pricing and analysis service. The new service provides unique market data and intelligent analysis of the increasingly complex marine fuels market. Trade in marine fuels is changing quickly. Oil prices are high and volatile. New environmental regulations are forcing ships to burn more expensive low-sulfur fuels.
Cleargistix Partners with Focus Safety Services
Cleargistix LLC announced that it has agreed to a strategic partnership with Focus Safety Services, LLC of Lafayette, La. The agreement helps to broaden each company’s offerings for safety and solutions in the oil and gas services field. “We have a stringent process of vetting opportunities for strategic partnerships, but this decision was easy for us…
What’s New in Floating Production? December 2016
The December WER report examines whether OPEC’s decision to limit crude production will accelerate deepwater project starts over the next 12 to 24 months, given 3 billion barrels of oil stocks in global inventory, 5,000+ drilled-but-uncompleted shale wells in the U.S. ready to be fracked and likelihood that producers will cheat on output quotas.