Shipoil has appointed Inatech, a unit of Glencore, to digitalise its trading and supply operations as part of a strategy to prevent new low-sulphur emissions rules from 2020 eating into profits
Industry
Middle East and Africa to hold significant revenue share in FSRU market
The projected value of the global Floating Storage Regasification Unit (FSRU) market in 2018 is US$1,217.9mn, and the market is estimated to reach US$2,380.3mn by 2026 with a CAGR of 8.7 per cent, according to a report on FSRU market by Persistence Market Research
IEA monitoring Strait of Hormuz situation, stands ready to act if needed
The International Energy Agency (IEA) is closely monitoring developments in the Strait of Hormuz including the recent seizure of a UK-flagged oil tanker and stands ready to act if needed
Theresa May to chair Cobra meetings on Iran tanker seizure
Tension continues to mount in the Gulf over the seizure of a British oil tanker by Iran and Prime Minister Theresa May is set to chair a meeting of Cobra to address the crisis
Middle East and Africa to lead oil and gas analytics market: TMR
As the use of technology has significantly increased in oil and gas in recent years, it is fuelling demand of oil and gas analytics across the produces and operators, according to Transparency Market Research (TMR)
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