By Anna Shiryaevskaya, Vanessa Dezem and Mathew Carr (Bloomberg) -- Britain’s appetite for natural gas usually declines in the summer, but this season is different with a record number of LNG tankers due to land this month. The incoming cargoes show no sign of slowing, and will keep the pressure on benchmark prices already trading below their five-year seasonal average. … [Read more...]
Equinor Again Delays Start-Up of Britain’s Mariner Offshore Oilfield
By Nerijus Adomaitis OSLO, April 10 (Reuters) - The operator of the Mariner heavy oil field, one of Britain's largest offshore developments in years, postponed its start-up to summer 2019 on Wednesday for safety checks on the platform's electrical couplings. Originally due to come on stream in 2017 and with an estimated 300 million barrels of recoverable reserves, the 4.5 … [Read more...]
Britain’s Peel Ports Expands Amid Brexit Trade Uncertainty
By Jonathan Saul LONDON, March 20 (Reuters) - Privately owned Peel Ports is expanding its workforce mostly in Liverpool and plans acquisitions this year, its chief executive said, as Britain prepares its ports to ease any trade disruption caused by Brexit. The British operator has been upgrading much of its network of seven ports, especially in northwest England, aiming to … [Read more...]
Spanish Warship Ordered Ships to Leave British Waters Near Gibraltar
LONDON, Feb 18 (Reuters) - A Spanish warship tried to order commercial shipping to leave anchorages in British waters near Gibraltar but was challenged by the British navy and sailed away, Gibraltar said, the latest example of tension over the strategic port as Brexit approaches. The Spanish ship tried to order ships to leave their anchorages on the eastern side of the Rock, … [Read more...]
UK Seeks Leading Role in Emerging Maritime Technology with New 30-Year Strategy
The UK government on Thursday launched a 30-year strategy seeking to establish the country as a pre-eminent global test-bed for emerging technology in the maritime industry. The new strategy, known as Maritime 2050, seeks to capitalize on the economic potential of maritime innovations. It outlines a range of short, medium and long-term proposals, including developing … [Read more...]