Daily Archives: April 16, 2020

Turbulent waters: Covid-19 and offshore construction

By Nermina Kulovic The article delves into legal intricacies of declaring force majeure events on existing offshore construction contracts in case of delays caused by the coronavirus pandemic as well as key points to… … Read Full Article Here For more great articles: Offshore Energy Today

Mexico Pacific hires financial advisor as it looks towards LNG FID

By Mirza Duran Mexico Pacific said Thursday it has engaged Mitsubishi UFJ Financial Group as a financial advisor as it moves towards a final investment decision on its LNG export project. Image courtesy of Mexico Pacific Japan’s MUFG is one of the world’s largest publicly traded financial institutions and Mexico Pacific believes that this move…

Three pathways to decarbonization of shipping

By Jasmina Ovcina There are three potential fuel pathways toward developing zero-emission vessels and decarbonizing the future of shipping, according to ABS. The US-based classification society just released the 2020 Setting the Course to Low-Carbon Shipping — Pathways to Sustainable Shipping outlook, which maps out the path toward decarbonization goals of the global fleet. The…

Why Mexico is the winner in OPEC+ deal, Rystad explains

By Bojan Lepic Following a historic OPEC+ deal to reduce global oil output in an effort to save the oil industry, Mexico came out as an unlikely winner. The post Why Mexico is the winner in OPEC+ deal, Rystad… … Read Full Article Here For more great articles: Offshore Energy Today

Pin Oak Corpus Christi loads 1st vessel at new oil dock

By Jasmina Ovcina Pin Oak Corpus Christi, a joint venture between Dauphine and commodities trader Mercuria Energy […] The post Pin Oak Corpus Christi loads 1st vessel at new oil dock appeared first on Offshore… … Read Full Article Here For more great articles: Offshore Energy Today

Petrobras to shut down 62 offshore platforms in Brazil

By Nermina Kulovic Petrobras has decided to halt operations at 62 platforms located offshore Brazil due to the effects of the coronavirus and the low oil price. Employees will be transferred to other units. The post… … Read Full Article Here For more great articles: Offshore Energy Today

Lundqvist Rederierna orders LNG-powered Aframax

By Mirza Duran Finnish shipping company Lundqvist Rederierna has ordered a liquefied natural gas-powered Aframax tanker from Japan’s Sumitomo Heavy Industries. Alfa Finlandia (Image courtesy of Lundqvist Rederierna) The 112,000-deadweight-tonnage ship is scheduled for delivery by January 2022, according to Lundqvist Rederierna. Lundqvist Rederierna did not reveal the price tag of the order saying that…