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China Boosts Crude Oil Storage Amid Soft Refinery Processing

May 20, 2024

The pace at which crude oil flowed into China's stockpiles increased in April as slower refinery processing outweighed a decline in imports.A total of 830,000 barrels per day (bpd) was added to China's commercial or strategic stockpiles in April, up from 790,000 bpd in March, according to calculations based on official data.Over the first four months of the year, China, the world's biggest crude importer…

North Sea Realism in a Busy Market

Aug 28, 2024

The offshore support vessel (OSV) market is very much a global industry where ships frequently mobilize between regional markets. This offers far more opportunities than markets more closely linked to their specific local geography and operational patterns…

Preparing for Floating Wind – Leveraging the Oil & Gas Supply Chain

Jun 28, 2024

Examining similarities and differences between the deepwater oil & gas and the emerging floating wind segment.There has been much excitement around the potential for the offshore wind industry to access deeper water sites through the deployment of floating wind technology…

SOVs – Analyzing Current, Future Demand Drivers

Apr 26, 2024

At a high-level, there are three solutions to transferring technicians from shore bases to offshore wind farms for construction and O&M activities: crew transfer vessel (CTV), helicopter, and SOVs/CSOVs.SOVs and CSOVs generally house 60-120 technicians offshore for a few weeks at a time…

China, India Boost Seaborne Thermal Coal Imports as Power Demand Surges

Apr 02, 2024

China and India lifted imports of seaborne thermal coal to three-month highs in March as the world's two biggest buyers took advantage of lower international prices of the fuel to meet strong domestic power demand.China, the world's biggest coal producer and importer…

Asia Crude Imports Surge as China, India Snap Up Russian Oil

Mar 28, 2024

Asia's imports of crude oil are expected to rise to the highest in 10 months as heavyweights China and India lifted arrivals from Russia, but impending maintenance schedules and rising prices mean such levels may not be sustained.The world's top importing region is forecast to see arrivals of 27…

India to Become Main Driver of Incremental Oil Use by 2030

Jan 23, 2024

India's petroleum consumption climbed to a new record last year and the country is on course to overtake China as the primary driver of incremental oil consumption before 2030.Urbanisation, industrialisation and the growth of the middle class…

COP28 Plan to Triple Renewables is Doable, But Not Easy

Dec 12, 2023

More than 100 countries at the COP28 climate summit in Dubai have agreed to triple renewable energy capacity by 2030 - one of the least controversial commitments floated at the conference.But they have given little detail on how they can make an industry running flat out go that much faster…

Investors Bet Against OPEC+ Raising Oil Prices

Nov 28, 2023

Investors are increasingly pessimistic about the outlook for crude oil prices as doubts grow OPEC+ will cut production enough to offset rising non-OPEC output and a deteriorating economic outlook.But many professional money managers are more optimistic about refined fuel prices…

China Unlikely to Repeat Last Winter's Surge of Fuel Exports

Nov 21, 2023

A surge of diesel and gasoline exports from China in the last northern winter eased then-prevailing fuel shortages in Asia but a repeat performance this year is unlikely.China's exports of refined products have eased from high levels in recent months…

Thailand's LNG Boom Risks Slowing SE Asia Energy Transition

Oct 25, 2023

Thailand has jumped from eleventh to eighth in the world ranking for imports of liquefied natural gas (LNG), after purchases through October soared 25% from the same period in 2022.Thailand imported 22.9 million cubic metres (MCM) of LNG through October…

Pakistan's Import of Russian Crude Facing Obstacles

Jul 31, 2023

Pakistan is unlikely to meet a target for Russian crude to make up two-thirds of its oil imports, despite attractive prices, hampered by a shortage of foreign currency and limitations at its refineries and ports, officials and analysts say.The…

Obscure Traders Ship Half Russia's Oil Exports to India, China After Sanctions

Jul 27, 2023

A Liberian-flagged oil tanker set sail in May from Russia's Ust-Luga port carrying crude on behalf of a little-known trading company based in Hong Kong. Before the ship had even reached its destination in India, the cargo changed hands.The new owner of the 100…

Price is the Elephant in Australia's LNG, Domestic Gas Conundrum

Aug 02, 2022

Australia's threat to curb exports of liquefied natural gas (LNG) in order to ensure domestic supplies is another unwelcome pressure on a tight global market for the super-chilled fuel.But it's not an immediate threat, and it may also not materialize at all…

Australia's LNG Industry Takes Risky Bet on Carbon Capture: Russell

May 18, 2022

Australia's vast liquefied natural gas (LNG) sector is betting its future on carbon capture and storage (CCS), a technology it says is vital to decarbonization and is proven.Convincing everybody else is going to be the tricky part, especially…

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East Timor Eyes Chinese Partners for Stalled Greater Sunrise Gas Development

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CNOOC Kicks Off Production from Bohai Bay Field

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Eni Strengthens LNG Ties with Japan

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Velesto Teams Up with SLB to Enhance Drilling Rig Capabilities

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MCDermott Gets Pipelines and Cables Job at Qatar's Giant Gas Field

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Nong Yao C Development Bolsters Valeura’s Production Rates Off Thailand

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ABS Gives Its Blessing to SHI’s Ammonia FPSO Design

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