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The deal follows six-month trials on the Stena Spey, above, and Stena Carron. PHOTO SOURCE: IDS
Cloud reporting and analytics provider Independent Data Services (IDS) revealed Wednesday that it has won a six-figure fleet-wide contract from Stena Drilling to deliver fully integrated online reporting and analytics services.
“In today’s operating climate, there has never been more data available,” IDS General Manager Douwe Franssens remarked in a written statement emailed to Rigzone. “But turning that data into insight and using it to improve operations can be difficult. Now more than ever, operators and drilling contractors need to ensure safe, optimal performance. We’re proud to partner with Stena Drilling on this world-first.”
South Korea has asked Qatar for maximum support to secure the release of an oil tanker seized by Iran this month.
(Bloomberg) South Korea has asked Qatar for “maximum support” to secure the release of an oil tanker seized by Iran this month.
Deputy Foreign Minister Choi Jong-Kun made the appeal during a visit to Doha, the Qatari capital. He met Foreign Minister Mohammed Bin Abdulrahman Al Thani, the Yonhap News Agency reported on Thursday.
Choi traveled to Doha from Tehran after fruitless talks over the South Korean-flagged Hankuk Chemi, an oil-products tanker detained by the Islamic Revolutionary Guard Corps on Jan. 4. He also discussed billions of dollars of Iranian money trapped in South Korea due to U.S. sanctions.
by Bloomberg
|Thursday, January 14, 2021
Oil rose to a new 10-month high in New York.
(Bloomberg) Oil rose to a new 10-month high in New York on expectations that a potential $2 trillion economic relief packaged could get Americans consuming more fuel.
U.S. benchmark crude futures advanced 1.3% on Thursday. President-elect Joe Biden’s advisers recently told allies in Congress about the cost of the package, CNN reported. A weaker dollar also boosted the appeal of commodities priced in the greenback.
A stimulus package will be “putting direct money into people’s pockets,” said Josh Graves, senior market strategist at RJ O’Brien & Associates LLC. “In general, it’s going to allow them to travel more and do more things,” helping support crude demand.
by Bloomberg
|Wednesday, January 13, 2021
The North Asian LNG price benchmark has now risen 18-fold in less than nine months, outperforming other commodities even Bitcoin.
(Bloomberg) After years building out export capacity and hiring traders, producers of liquefied natural gas and commodity trading houses are seizing on an unprecedented surge in the price of the fuel.
The combination of a severe cold snap in Asia, supply outages and maritime congestion has propelled spot prices for LNG to previously unforeseen heights. The North Asian price benchmark has now risen 18-fold in less than nine months, outperforming other commodities even Bitcoin.