News & Events
Gulf Coast Oil Product Cargoes Diverted To Brazil After Petrobras Refinery Fire
At least four tankers loaded with ultra-low-sulfur diesel (ULSD) en route from the U.S Gulf Coast to Europe abruptly changed course this week to Brazil, following a fire at a…
Read MoreLower Gas Prices Are Right Around The Corner
Fall arrives next month. Along with it comes relief from the heat, and usually at the gasoline pump as well. It isn’t simply that demand for gasoline drops after summer driving season.…
Read MoreAsian LNG prices hit two month high
Reuters is reporting that Asian spot LNG prices have risen for the second straight week. They have now reached their highest point in over two months. The primary causes of this…
Read MoreSyria’s Second-Biggest Oil Field Is Operational Again
The second-largest oil field in Syria, the Tanak field in the oil-rich Deir Ezzor region, is operational again, nearly a year after U.S.-backed predominantly Kurdish forces recaptured the field from…
Read MoreLNG Heads Out the Door as Asia Outbids European Utilities
Northwest European liquefied natural gas terminals are for the first time exporting more of the fuel than they are feeding into the region’s pipeline networks. Even with the European benchmark…
Read MoreThailand moves forward in wholesale digital currency development plan
The first phase will be completed by Q1 2019. The first phase of the central bank’s wholesale digital currency (CBDC) project is expected to be fully developed by the first quarter of…
Read MoreMalaysian banks race fintechs in offering digital services to the emerging affluent
How are banks grabbing digital as an opportunity to provide convenience to its evolving clientele? With smartphone adoption rates poised to reach 76% by 2020, Malaysia’s banks and fintech companies…
Read MoreSingapore remains oil-fuelled economy despite renewables push
SINGAPORE (Aug 20): The Muffinry in Telok Ayer, a café run by local F&B business Bakery & Bar, has a little framed certificate on a shelf facing the cash register.…
Read MoreOffshore Discoveries in the Mediterranean to Increase Egypt’s Gas Output
Natural gas production in Egypt has been in decline, falling from a 2009 peak of 5.8 Bcfd to 3.9 Bcfd in 2016, based on estimates in BP’s Statistical Review of…
Read MoreNew Decom Hotspots Opening Up
The offshore support industry faces a busy few decades as numerous decommissioning opportunities present themselves around the world. In April, Ocean Installer’s construction support vessel, the Normand Vision, took up station…
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