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News
Shipping companies stop Iran business as US indicates secondary sanctions are in effect
With the US withdrawing from the Joint Comprehensive Plan of Action (JPCOA) on Iran on 8 May there are two wind-down periods for existing business – after 90 days on 6 August and after 180 days depending on the type of business. With the US planning to apply secondary sanctions to non-persons involved in business w read more
June,4th 2018
IMO moving towards 2020 ban on marine fuel with over 0.5% sulphur
The IMO is moving towards ships being banned from carrying fuel with greater than 0.5% sulphur content from 2020 unless a scrubber is fitted.
Enforcement of the 0.5% sulphur cap for marine fuel was in focus at the meeting of the IMO’s sub-committee on pollution, prevention and response last week.
read more
February,12th 2018
Big banks accept Opec was right as they embrace oil near $80
London
Wall Street’s biggest banks have changed sides and are embracing a surge in oil prices.
Goldman Sachs Group Inc, Morgan Stanley and JPMorgan Chase & Co. have all issued a flurry of bullish forecasts in the past fortnight. They’ve abandoned th read more
February,7th 2018
Changes will take place in the offshore vessel sector in the next 6–12 months – big changes – with the fate of well known players in the balance
Late 2016/early 2017 could see an industry-leading company file for bankruptcy protection, such is the state of the market in the Gulf of Mexico. It could see major take-over deals or mergers. It is unlikely to be a period of stasis. Tidewater is perilously close to the edge, GulfMark is being wooed by Charles Fabrikant, read more
November,16th 2016
Iran Aims For Oil, Gas Fields Tender In November
TEHRAN, Oct 17 (Reuters) - Iran will launch next month its first new style tender to develop oil and gas fields since the lifting of international sanctions, a leading oil official said on Monday, after months of internal discussions over the terms, intended to be more alluring to foreign companies.
OPEC's third read more
October,18th 2016
Aramco awards EPC ...
Aramco has awarded an engineering, procurement, construction and install... read more