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NNPC and UTM Offshore ink deal on Nigeria’s first indigenous floating LNG project

Nigerian National Petroleum Corporation (NNPC) and UTM Offshore have signed a Heads of Terms (HoT) agreement for the construction of the nation’s first indigenous floating LNG project. Screenshot. Courtesy of NNPC The agreement, described as a major step towards bolstering Nigeria’s energy security and promoting the utilization of its abundant gas resources, was signed on 20 …

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UAE partners with DNV to set up maritime decarbonization centre

United Arab Emirates (UAE) has teamed up with Det Norske Veritas (DNV) on the establishment of a new UAE Decarbonization Centre. Image credit DNV H.E Suhail Al Mazrouei, Minister of Energy and Infrastructure, and Knut Ørbeck-Nilssen, CEO DNV Maritime signed a Memorandum of Understanding (MOU) on establishing the facility at the IMO headquarters in London. …

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Argentina turns around LNG tanker for having Russian supplies

Argentina state-owned energy company Enarsa has called off the unloading of a cargo of liquefied natural gas from Geneva-based Gunvor after discovering it contained Russian supplies, a company source said July 19. The decision was made by Enarsa President and Argentina Economy Minister Sergio Massa because of the international sanctions against Russia for its war …

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Fuel Oil and Middle Distillates Swaps Pricing Added to Braemar Screen

Braemar Plc (LSE: BMS), a leading international shipbroker and provider of expert investment, chartering, and risk management advice to the shipping and energy markets, is pleased to announce the addition of live derivatives pricing across European and Singaporean fuel oil and gasoil markets on Braemar Screen. Bunkers are typically a ship’s largest variable cost and …

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Bidding Announcement of Bulk Carrier ”MING ZHOU 58 ”

Entrusted by the transferor (the Sellers), we have scheduled to hold a public bidding online without a reserved price at 10:00 (Beijing Time) on August 18th, 2023. 1.Bidding Object: Name: Ming Zhou 58, Bulk Carrier; PoR: Ningbo, China; Class: Domestic CCS; Trading Area: Offshore A1+A2; LOA: 216.00m; MLB: 31.80m; MLD: 16.95m; GRT/NRT: 31638/17717; Light Displacement: …

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Russia has no plans to attack civilian ships in Black Sea – ambassador

Russia is not preparing to attack civilian ships in the Black Sea despite assertions by the United States, Russia’s ambassador to Washington said, in comments posted by his embassy. On Wednesday, Moscow said it would deem all ships travelling to Ukrainian ports to be potential carriers of military cargo and their flag countries to be …

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With appeal for North Sea licence extension out of the way, Kistos eyes appraisal drilling ops

UK-headquartered Kistos has successfully appealed against the Netherlands Ministry of Economic Affairs’ decision not to extend the term of a licence in the North Sea. As a result, the firm plans to drill an appraisal well which could lead to the production of gas through existing export infrastructure in a short timeframe. Kistos’ exploration and production …

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