Chinese Tanker With 4,000 Tonnes of Bunker Fuel in Distress!
According to South African maritime authorities, Emergency rescue and oil spill response teams are on standby to assist a large crude carrier off Port St Johns on the Eastern Cape coast, reports Talkofthetown.co.za.
What happened?
The...
Oil Market Foresees Decommissioning Upto $42 Billion by 2024
While decommissioning is becoming a pressing concern for North Sea operators, the prevailing low-price environment presents an opportunity for driving down costs.
For instance, after the oil price slump of 2014, rig and...
Goldman Sachs Predicts Further Fall in Oil Market
Improving global oil demand and faster-than-expected production curtailments from outside the OPEC+ pact are set to push the oil market into deficit next month, according to Goldman Sachs.
Yet, there is little room...
Mangrove Shipwreck, Vegetation Houses Show How Nature Reclaims Abandoned Places!
As the world goes missing in action and shuts down due to the COVID19 pandemic, nature reclaimed its lost spaces, animals started visiting cities. In the same way nature has reclaimed its abandoned spaces...
How A Ship & Handful Shipowners Can Spread Diseases!
As the Coronavirus grips the world is scare, here's a story from the Bubonic Plague pandemic back in 1720 as reported by the Indo New York
In the early months of summer, that is...
[Watch] How LNG Developers Are Decarbonizing LNG To Renewable Energy Future!
The EU LNG import terminals currently import LNG that consists of methane of fossil origin. LNG produces lower CO2 emissions than most fossil fuels and has a low level of methane leakages in the...
Fighting Corona: First Hand Experience from a Virologist COVID19 Patient
Virologist Peter Piot, director of the London School of Hygiene & Tropical Medicine, fell ill with COVID-19 in mid-March and here he recounts what it takes to fight the disease, writes Dirk Draulans in...
US Refiners Cut Back Imported Crudes for Local Barrels!
Flattening contango increases crude cargo availabilities supporting margins.
Economics dictate the buying of more local barrels, helping them cut higher working capital costs associated with imported crudes.
Waterborne crude imports have been declining...
A 954-foot-long ‘Ultimate Private Superyacht’ Unveiled!
NJORD is inspired by some of the largest and most luxurious superyachts in the world.
NJORD is designed to offer a total of 118 residences on board available in 21 distinct configurations.
A...
COVID-19 Making Virtual Reality the New Normal in the World!
The seismic events unleashed by the COVID-19 pandemic will have a powerful impact on the world we live in, changing it in ways we had never imagined were possible.
COVID-19 is the reboot...