Sam Mitchell, of Braemar-GFI Freight Derivatives, has been elected as Chairman of the Tanker FFA Brokers’ Association (FFABA). He replaces Andrew Hamilton of Oil Brokerage who has chaired the group – which represents the worldwide community of tanker Forward Freight Agreement (FFA) brokers – since 2021. “I’m delighted to have been elected Chairman of the …
Delegations from hundreds of countries will meet in New York this week in an attempt to hammer out a new legally binding ocean protection treaty that green groups believe will decide whether efforts to safeguard global biodiversity can succeed. Last August, an earlier round of talks on the new United Nations ocean conservation treaty were …
Countries gather to thrash out U.N. ocean protection treaty Read More »
The closed-door International LNG Congress 2023 assembles top-level management and technical representatives of the LNG industry to discuss prevailing questions and present innovative solutions in Dusseldorf, Germany on March, 6-7, 2023. Over years, the positive effects – fewer carbon emissions and cost reduction – have proven the usage of LNG. Although the industry went far …
Spanish multinational energy company Cepsa has signed a Memorandum of Understanding (MoU) with the ACE Terminal in the Port of Rotterdam, the Netherlands to create a green hydrogen supply chain. Image credit ACE Namely, Cepsa is developing 2GW of green hydrogen at its two Energy Parks in Andalusia, southern Spain, as part of its 2030 Positive …
Cepsa, ACE Terminal team up on green hydrogen supply chain Read More »
UK-based oil and gas company Tailwind Energy has started production from a well in the UK Central North Sea, which has been tied back to the Triton FPSO. Triton FPSO; Source: Tailwind The announcement about the Gannet GE-04 well being brought online was made by Serica Energy on Monday, 20 February 2023. This comes after Serica disclosed in …
UK player brings online tie-back to North Sea FPSO Read More »
Rovco has completed a contract awarded by Well-Safe Solutions which saw the UK company support well plug and abandonment decommissioning operations in the Southern North Sea. Illustration (Courtesy of Rovco) For the project, which began in July, Rovco provided Well-Safe Solutions with field survey operations to ensure decommissioning of a platform that ceased production in …
Anglo-French oil and gas player Perenco has taken a final investment decision (FID) for the construction of a liquefied natural gas (LNG) production unit in Gabon. Archive; Illustration only. Source: Perenco The LNG plant will be built at the Cap Lopez oil terminal that Perenco acquired from TotalEnergies in 2021. The planned LNG production unit …
French LNG containment specialist GTT has finished the 2022 financial year with solid results, expecting market growth in the coming years. Illustration / Courtesy of GTT / Zéphyr and Borée It had consolidated revenues of €307.3 million and consolidated EBITDA of €161.1 million. As pointed out in the report, it achieved a record level of …
GTT ends 2022 with solid results, growth expected in 2023 Read More »
Owners claimed for unlawful deductions from hire by charterers in relation to alleged breach of the charterparty speed and performance warranty. The dispute was referred to arbitration under the LMAA Small Claims Procedure. The relevant charterparty clauses are as follows: Recap: “… – SPD/CONS: AVERAGE UNDER GOOD WEATHER AND SMOOTH SEA CONDITIONS ABT 15 KN …
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