WTI and Brent crude prices have increased 21.34 percent and 12.32 percent, respectively, so far this year, falling from their peak levels in April when the growth of WTI hit over 40 percent, and Brent crude over 30 percent.
Peter Stephenson, founder and Executive Chairman of Able UK, said: "The Brent decommissioning project is the most significant project of its type to date and the fact that Able was selected against an initial longlist of 131 potential disposal yards demonstrates the reputation we have established through our long track record of working with many of the world's major offshore energy companies.
For proof you can just read this latest issue, another award-winner in my humble opinion, and take my word that it's not me but Brent who knows the science behind modern waders or which photographers shoot the best duck dog photos.
Bids were invited for four cargoes and in response foreign companies made offers in the range of 13.2% to 16% of Brent crude oil price,' said a senior government official while talking to The Express Tribune.
According to a senior govt official, state-owned Pakistan LNG Limited was compelled to cancel two LNG ships due to higher quoted prices and bids were received from foreign companies which offered prices in range of 13.2 percent to 16 percent of Brent crude oil price.