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Sverdrup partner targets even cheaper oil production

Oil company Lundin believes it has the lowest production costs on the Norwegian Shelf, reports E24. Yet the company wants to make further cuts in 2018.

Photo: PR-foto: Statoil

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Maersk Line installed a "sleeping partner" in Tunisia

Maersk Line has had a "sleeping partner" in Tunisia, although authorities require foreign companies to partner with domestic players in an active, local co-ownership. Now, Maersk Line has had to establish a new joint venture taking over the role of Maersk Tunisie.

Meldgaard: Crude tankers cannibalizing product market

The downturn for crude oil tankers, where rates are extraordinarily low, has become a major problem for the product tanker operators. Torm Executive Director Jacob Meldgaard expects that the pressure from the supertankers could continue for a while yet, he tells ShippingWatch.

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