Logistics News

 

Corpus Christi Port to Build Oil Export Terminal

Oct 29, 2018

Port to build oil export terminalPrivate equity firm Carlyle Group will partner with the Port of Corpus Christi, the top oil export hub in the United States, to develop a major crude oil export terminal on Harbor Island.Carlyle's announcement comes as infrastructure in the U.S. oil industry struggles to keep up with record levels of production, driven by the Permian shale patch in West Texas. Both international buyers and American producers are waiting for export capacity to increase…

Peterson Renews Contract with Premier Oil

Oct 28, 2019

Energy logistics provider Peterson announced on Monday it has renewed a long-term contract worth over £20 million ($25.7 million) with independent exploration and production company Premier Oil.Peterson, having provided integrated logistics…

CNNS Pool: Collaboration Unlocks Efficiencies

Aug 30, 2019

Collaboration within the offshore energy industry has never been more important and mutually beneficial. Vessel sharing in the North Sea and beyond ensures efficiencies for companies that cannot be achieved when operating in isolation. One example…

North Sea Helicopters Vote to Strike

May 09, 2019

Helicopter pilots in the North Sea have voted to strike over pay. The pilots, employed by CHC Scotia, voted in favour of taking industrial action in a dispute over pay earlier this week (May 7). The ballot conducted among members of the British…

$70bln Offshore Wind Opportunity to US Supply Chain

Apr 01, 2019

America's burgeoning offshore wind industry, which is projected to generate nearly 20 gigawatts (GW) of clean, cost-competitive power in seven East Coast states by 2030, presents a nearly $70 billion CAPEX revenue opportunity to businesses in the U…

Oil Steady, Supported by OPEC Cuts

Mar 01, 2019

Record U.S. output, exports offset some of OPEC's cuts.Oil prices were broadly steady on Friday as surging U.S. supply and concerns of a global economic slowdown were offset by falling OPEC output.International Brent crude futures were at $66…

Oil Slips Below $62 as U.S. Inventories Rise

Feb 06, 2019

API reports increase in U.S. crude stocks; Venezuela sanctions yet to spark rally but still supportive.Oil fell below $62 a barrel on Wednesday after a report showed a rise in U.S. crude inventories, countering expectations of a tightening market in 2019 because of OPEC-led supply cuts and U…

Peterson Wins Logitsics Contract for Repsol Sinopec

Jan 21, 2019

Energy logistics provider Peterson announced Monday it has been awarded a new long-term integrated logistics contract to service Repsol Sinopec Resources U.K.The contract sees Repsol Sinopec transitioning their marine and quayside operations to Aberdeen from Peterhead with integrated supply base…

Wellit Partners with Norvestor

Jan 11, 2019

The owners of software company Wellit have decided to sell 60 percent of company shares to private equity company Norvestor.Wellit develops logistics solutions for the global oil and gas industry. Its software, WELS, is a cloud-based multi-tenant platform tailored to the oil and gas industry…

ABP, Peterson Sign Pact

Jan 07, 2019

The logistics and service provider to the offshore energy industry Peterson UK Limited has concluded a new long-term agreement with Associated British Ports Holdings (ABP) to establish a new operational and logistics base to the Port of Lowestoft…

Kitron Signs MASS Nodes Deal with Magseis

Oct 22, 2018

Scandinavia's Offshore/Marine electronics manufacturing services company Kitron and Norwegian geophysical company Magseis ASA has entered into an agreement to manufacture Magseis' MASS (Marine Autonomous Seismic System) nodes to support their growth…

New Service for Offshore Blade Inspections

Sep 24, 2018

WTG blade assessments are usually costly and time consuming. EWPL Ocean aggregates tasks and wind turbines in scope for blade assessment into its service train and can offer this service at an attractive price, with no weather risk.ESVAGT said it has joined forces with Wind Power Lab…

Mitchell to Head Up ASCO Operations Function

Sep 21, 2018

Steve Mitchell has been appointed to the Senior Management team at ASCO, taking up the role of Operations Director (Scotland) as the materials management company continues its drive for efficiency through digitalization.Mitchell, who will be based at ASCO HQ in Aberdeen…

Maersk to Merge Damco, Ocean Product Units

Sep 19, 2018

A.P. Moller-Maersk will merge Damco Supply Chain Services and Maersk Line's Ocean Product, the Danish shipping giant announced on Wednesday, as it seeks to offer customers the chance to deal with one firm when shipping goods across the world…

Denmark Swings to Net Oil Importer as North Sea Production Dips

Aug 30, 2018

A 25-year period for Denmark as a net oil exporter is set to end this year following output declines in the North Sea, the country's energy agency said on Thursday after slashing its long-term oil production forecast.The Danish Energy Agency expects this year's oil production to reach 128…

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