The time charter of the ship comes despite the market structure for Brent crude futures flipping into backwardation, when spot prices are higher than for later delivery.
Source: Offshore
Statoil Charters Last of Largest Oil Tankers to Hold Crude for Asia Buyers
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ABB has announced the acquisition of GE Industrial Solutions, GE’s global electrification solutions business
Source: African Review
ABB to acquire GE Industrial Solutions
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WSP in Africa, one of the largest multi-disciplinary engineering consultancies on the continent, has recently moved into its new headquarters (HQ) for their operations and work into Africa, with the building in Bryanston houses all of the company’s Johannesburg-based employees
Source: African Review
WSP settles into new Africa HQ in Bryanston
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A large gas discovery in the Dutch North Sea could be even bigger after an exploration drill beat expectations.
Source: Offshore
Large Dutch Gas Find Could Be Even Bigger After Positive Drilling Results
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Brazil’s recent auction signals low global oil prices may have reduced the allure of potential new crude and gas investments in Latin America’s largest economy.
Source: Offshore
Brazil's Prized Santos Basin Receives Single Bid In Oil Auction
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Global trade is growing at the fastest rate for six years – which is both a symptom and a cause of the recovery in commodity markets.
Source: Offshore
Kemp: Global Trade Upturn Aids Oil Market Rebalancing
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Calcasieu Pass LNG could start commercial ops in 2021.
Source: Offshore
Louisiana LNG Project Gains European Customer
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US crude oil inventories fell unexpectedly last week as refineries hiked output.
Source: Offshore
EIA: US Crude Stockpiles Drop As Refineries Restart After Harvey
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Reliance outbid rivals to buy the entire volume of coal-bed methane produced from its own blocks, a move that may help it boost margins and replace more expensive imported fuel at its petrochemicals plants.
Source: Offshore
Reliance Outbids Rivals to Buy Its Own Coal-Bed Gas Until 2021
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The chief executive of Maersk Oil will leave the company when Total’s acquisition of the company has been completed.
Source: Offshore
Maersk Oil CEO To Step Down After Total Takeover
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