Tuesday, July 25, 2017 - The World chokepoints for maritime transit of oil are a critical part of global energy security. About 61% of the world’s petroleum and other liquids production moved on maritime routes in 2015. The Strait of Hormuz and the Strait of Malacca are the world’s most important strategic chokepoints by volume of oil transit.
Wednesday, July 19, 2017 - EIA forecasts that total U.S. crude oil production will average 9.3 million barrels per day (b/d) in 2017, up 0.5 million b/d from 2016. In 2018, crude oil production is expected to reach an average of 9.9 million b/d, which would surpass the previous record of 9.6 million b/d set in 1970.
Monday, July 17, 2017 - The U.S. Coast Guard is issuing a new task to the Towing Safety Advisory Committee (TSAC). The U.S. Coast Guard is asking TSAC to help the agency identify existing regulations, guidance, and collections of information (that fall within the scope of the Committee’s charter) for possible repeal, replacement, or modification. This teleconference will be open to the public.
Monday, July 17, 2017 - The Coast Guard announced in the Federal Register July 14, 2017, the availability of Change2 to the Marine Safety Manual (MSM), Volume III, Marine Industry Personnel, and the corresponding Commandant Change Notice that highlights the changes made to that manual.
Monday, July 17, 2017 - The U.S. has historically had a very strong transportation system. This basic advantage to be able to competitively source and deliver goods and raw materials is slipping as infrastructure maintenance and improvements fall behind, and funding diminishes at the state and federal levels
Thursday, July 13, 2017 - According to the Paris-based, International Energy Agency’s "Oil Market Report", global oil supply rose by 720 kb/d in June to 97.46 mb/d as producers opened the taps. Output stood 1.2 mb/d above a year ago with non-OPEC firmly back in growth mode.
Tuesday, July 11, 2017 - EIA estimates that global petroleum and other liquid fuels inventory builds averaged 0.3 million barrels/day in 2016, marking the third consecutive year of inventory builds. However, global oil markets are expected to be in closer balance during the next 18 months.
Monday, July 10, 2017 - Baker Hughes, a GE Company (NYSE:BHGE) announced that the international offshore rig count for June 2017 was 197, down 5 from the 202 counted in May 2017, and down 26 from the 223 counted in June 2016. The average U.S. offshore rig count for June 2017 was 22, same as the 22 counted in May 2017 and up 1 from the 21 counted in June 2016.
Thursday, July 06, 2017 - The U.S. Census Bureau and the U.S. Bureau of Economic Analysis, through the Department of Commerce, announced today that the goods and services deficit was $46.5 billion in May, down $1.1 billion from $47.6 billion in April, revised.
Thursday, June 29, 2017 - U.S. real gross domestic product increased at annual rate of 1.4% in first quarter 2017 according to "third" estimate released by the Bureau of Economic Analysis. In the fourth quarter 2016, real GDP increased 2.1%.
Wednesday, June 14, 2017 - The Coast Guard Office of Commercial Vessel Compliance has issued Policy Letter 17-03: Phase-In Period for Existing Towing Vessels Using the TSMS Option Under Title 46, Code of Federal Regulations (CFR) Subchapter M.
Thursday, May 25, 2017 - The CPB World Trade Monitor shows that the volume of world trade increased 1.5% in March, having decreased 0.8% in February. World industrial production grew 0.3% monthonmonth and grew 0.6% in 2017Q1 (1.2% in 2016Q4).
Thursday, May 25, 2017 - Forecasters at NOAA’s Climate Prediction Center say the Atlantic could see another above-normal hurricane season this year.
Thursday, May 25th, 2017 - McKeil-Malaspina Ltd. of Burlington, Canada have sold their 300’ x 90’ x 20’ ocean ballastable deck barge "MM-300" to foreign private buyers.
Monday, May 15, 2017 - For 2016, EIA estimates that OPEC earned about $433 billion in net oil export revenues. This represents a 15% decline from the $509 billion earned in 2015.
Wednesday, May 10, 2017 - Nobody in business likes uncertainty. That is not reality. The reality is that uncertainty is the only thing that is certain. The "known knowns" break down periodically and bring periods of upheaval that appear to break all the old rules considered concrete even a short time ago.
Tuesday, May 09, 2017 - After commissioning, passing hovering trials and a champagne christening, the world’s largest hover barge "Ghost" with its 9,000ft2 clear deck and 450 tonne payload capacity is operational and now ready-to-work. Marcon International, Inc. has been appointed as exclusive broker. (MB21082)>>>
Wednesday, May 10, 2017 - Kazakhstan, an oil producer since 1911, has the second-largest oil reserves and the second-largest oil production among the former Soviet republics after Russia.
Wednesday, April 26, 2017 - Malaysia is the world’s third-largest exporter of liquefied natural gas, the second-largest oil and natural gas producer in Southeast Asia, and strategically located amid important routes for seaborne energy trade.
Wednesday, April 19, 2017 - Global economic activity is picking up with a long-awaited cyclical recovery in investment, manufacturing, and trade. World growth is expected to rise from 3.1% in 2016 to 3.5% in 2017 and 3.6% in 2018.