Santos wins new gas exploration acreage in Queensland

Santos has been awarded four new gas exploration permits in the Surat Basin east of Roma in Queensland; two for domestic-only supply and two which could supply both domestic and LNG markets.

Commenting on the new permits, Santos Managing Director and CEO Kevin Gallagher said these blocks offered exciting domestic and LNG development opportunities close to existing infrastructure and adjacent to promising Santos-owned coal seam gas pilot activities.

“This means Santos will be able to get gas to market faster and at a lower cost of supply, which is the best way to put downward pressure on gas prices,” said Gallagher.

“Minister for Natural Resources, Mines and Energy, Anthony Lynham, has been a great supporter of the gas industry in Queensland, ensuring there is an ongoing pipeline of new supply opportunities so that explorers and producers like Santos can unlock gas for local manufacturers and electricity generators and provide long-term security of gas sup…

Read more
  • 0

Eastern Pacific Shipping charters dual-fuelled LPG trio to Equinor

Singapore’s Eastern Pacific Shipping has ordered three dual-fuelled LPG carriers that will go on a long-term charter to Norwegian energy giant Eqiunor.

For illustration purposes only (Image: Eastern Pacific Shipping)

South Korea’s Hyundai Mipo Dockyard will deliver the three mid-sized gas carriers in 2022, according to a statement by EPS on Tuesday.

EPS, controlled by Israeli billionaire Idan Ofer, did not provide any additional info on the Equinor charter.

The ship management company says the deal is in line with its environmental policy which calls for the use of alternative marine fuels as a means to lower the industry’s carbon footprint.

The Singaporean company operates eleven gas carriers including eight medium-sized LPG vessels.

It has also several LNG-powered vessels on order and plans to book more as it looks to meet new emission standards imposed by the International Maritime Organization.

Read more
  • 0

First steel cut for mega jack-up Voltaire

Jan De Nul has started the construction of its next-generation jack-up installation vessel Voltaire with a steel cutting ceremony at the Cosco Shipping Shipyard (Nantong) in China.

Jan De Nul

The Voltaire is specifically designed to transport, lift and install offshore wind turbines, transition pieces, and foundations for current and future developments. The vessel will also be deployable for the oil and gas industry, and for decommissioning of offshore structures.

The jack-up is equipped with a main crane of over 3,000 tonnes and a DP2 system. She has an operating depth of over 80 metres, a payload of about 14,000 tonnes, and provides accommodation for 110 persons.

Source: Jan De Nul

The latest generation of Jan De Nul’s vessels is equipped with an exhaust gas filtering technology that complies with the European EURO STAGE V guidelines for emissions on land and inland waterways. They are called Ultra-Low Emission vessels (ULEv) and the Voltaire is one of…

Read more
  • 0

NSC-Group Renews Fleetwide Agreement for Marlink VSAT Service

Image courtesy Marlink / NSC

By The Maritime Executive 05-25-2020 09:09:52

NSC-Group, a leading technical and operational shipmanager, has renewed its agreement with Marlink for provision of high bandwidth Sealink VSAT to its fleet of more than 40 vessels. The agreement enables NSC-Group to support its strategy for digitalisation and vessel performance optimisation with always-on connectivity and added value services.

The Marlink VSAT service is supported by Marlink’s XChange Power communications management system and business critical solutions such as SkyFile Mail email service and SkyFile AntiVirus premium security solution. Marlink also provides voice calling services and L-band back-up communications.

NSC-Group operates a diverse fleet consisting of containerships, multi-purpose carriers, bulkers, con-bulkers, car carriers and tankers. Its move to VSAT connectivity has enabled the company to leverage bandwidth and capacity to bri…

Read more
  • 0

Singapore Loosens Restrictions on Crew Changes

Seafarer health screening at the Port of Singapore before the COVID-19 shutdown, January 2020 (PSA)

By The Maritime Executive 05-25-2020 08:49:34

Responding to the growing demand for crew change arrangements and the rising number of crewmembers stuck at sea, the Maritime and Port Authority of Singapore (MPA) has announced that it is loosening its restriction on mariner movements through the seaport. 

After discussions with representatives from industry and maritime labor groups, MPA will now allow crew changes for:- seafarers whose employment contract has expired - additional crewmembers on board whose sign-off would not affect the safe manning of the ship - change of crew due to the sale or purchase of ship - personnel who are not part of the ship’s crew, such as superintendents and service engineers.

Crew movements are still subject to stringent conditions. Seafarers who are signing off must be able to confirm that they have …

Read more
  • 0

Oil On Track For Best Month Ever As More Criticism Heaped On Economy-Killing Virus Lockdowns

Meanwhile, India plans to store cheap oil in the U.S.: File Image/PixaBay

Due to holidays in Singapore, London, and New York, crude trading was sluggish on Monday - but Brent still rose to $35.81 per barrel, while West Texas Intermediate was flat at $33.74 per barrel, thanks to continued support from international production cutbacks and an economy that is itching to resume as the government-imposed coronavirus lockdowns ease.

Meanwhile, as demand slowly recovers and the energy sector struggles to regain a sense of normality, one of the lockdowns' most prominent advocates - New York governor Andrew Cuomo -  admitted on Monday that the infection and fatality projections that drove the lockdowns "were all wrong."

As crude found support with the double barrelled force of returning demand and cutbacks, strategies  to store oil and manage the global surplus continued to unfold on Monday, with India reportedly was looking at storing some lo…

Read more
  • 0

State of the Industry: Bunker Suppliers, Ship Owners in for Harder Times

Bunker suppliers and ship owners can expect harder times ahead, says Robin Meech, Managing Director at Marine and Energy Consulting Limited, who spoke to Ship & Bunker ahead of tomorrow's inaugural "State of the Industry" webinar.

The two-hour online event will be held on May 26 at 11 AM CET / 10 AM London / 5pm Singapore time, and is free to attend.

"It may take five years before bunker demand recovers from a 7% drop back to 2019 levels with smaller ports feeling the strain. The market will become more competitive, credit more difficult to source taking its toll on the least robust suppliers. Ship owners are also in for harder times with only minimal growth in international trade," said Meech, who is one of six confirmed speakers.

we can see global warming on the horizon - its impact on humanity will make the current pandemic seem like a walk in the park

Robin Meech, Managing Director at Marine, Energy Consulting Limited

"This la…

Read more
  • 0

Qatar Petroleum announces spending cuts

According to Reuters, Qatar Petroleum (QP) is set to cut its spending by approximately 30%, in response to the sharp declines in oil and gas prices caused by the COVID-19 coronavirus pandemic.

QP’s CEO, Saad al-Kaabi, announced the cuts while speaking during a US-Qatar Business Council webcast. In his own words: “We are going through budget revisions... In June we will be somewhere in the range of 30% reduction in expenditure, CAPEX and OPEX.”

The impact of these cuts on QP’s LNG business would appear to be minimal as, following their announcement, al-Kaabi stated that QP’s plans for the expansion of its LNG capacity will remain on track for the mid-2020s. Furthermore, he continued to say that QP will not cut its gas exports during the current season of weaker demand, in light of the fact that gas prices have suffered less than oil prices due to continued demand for electricity.

Read the article online at: https://www.lngindustry.c…

Read more
  • 0

Iranian tankers sail to Venezuela

Fortune, the Iranian tanker, is sailing towards the 12-nm boundary of Venezuela's territorial seas, bringing its controversial journey to a close.

Specifically, Fortune along with the Forest, Petunia, Faxon and Clavel are carrying fuel from Bandar Abbas to Puerto Cabello, as Venezuelan state media reported.

Although Venezuelan PDVSA was playing a crucial role in producing crude oil, years of mismanagement and sanctions have greatly reduced Venezuela's refining capacity, and fuel shortages are routine.

In efforts to offset shortages, the government of Venezuelan President Nicolas Maduro has ordered fuel from another sanctioned oil producer - the Islamic Republic of Iran.

Yet, US sanctions have led to Iran's oil exports plummeted, while longtime customers have turned to other suppliers. That trend is expected to accelerate now that oil costs less in general, leaving a smaller price advantage for buyers who purchase riskier but cheaper Iranian crude. Fuel e…

Read more
  • 0

Crew change: Where it is allowed and where it is not

Imposed restrictions as a result of COVID-19 pandemic has disturbed crew mobility, leaving thousands of seafarers quarantined onboard ships. BIMCO has therefore shared a list of countries where crew change is allowed and a list of countries where it is not allowed as of 20 May 2020.

Crew change allowed

Argentina -14 May Australia -14 May Bahamas -11 May Brazil -1 May Canada -16 April Croatia -5 May Cyprus -11 May Denmark -16 April Estonia -16 April EU+ -16 April Gibraltar -16 April Iceland -7 May Indonesia -6 May Ireland -6 May Israel -19 May Korea -20 April Lithuania -7 May Netherlands, -14 May Norway -16 April Reunion Island -19 May Russia -16 April Slovenia -11 May Spain -16 April Sweden -28 April Timor Leste -28 April

Restrictions depending on travel history

Bahrain Belize -6 April Grenada -6 April Indonesia Japan -7 May Kenya Korea Kuwait Myanmar Nigeria Qatar Saudi Arabia -20 April Sudan Suriname Trinidad and Tobago USA Uruguay -1 April


Read more
  • 0