Logistics News

 

Port Capacity in Question as UK Offshore Wind Expands

Apr 01, 2022

U.K. port bosses are scratching their heads as to how to meet demand as offshore wind, including new floating projects, ramps up around the country’s coastline.The U.K. government is pushing this source of energy and has a 40-gigawatt (GW) by 2030 target—ramping up from around 30 GW today—for offshore wind. While fixed bottom projects continue to roll out, through some of the world’s largest offshore wind farms…

US Offshore Wind: Figuring Out the Business

Apr 07, 2022

If awards were given for dominating the sustainable energy spotlight, offshore wind (OSW) would surely be in line for top honors.Consider:Big money: BOEM’s February sale of New York Bight offshore wind development rights drew a record $4.37 billion in developers’ bids…

Crowley Takes Large & Leading Role In U.S. Offshore Wind

Mar 03, 2022

There’s often an upside to being among first-movers in an emerging industry, but many are often stifled by the risk inherent to new ventures. For Crowley, which today is leading the charge on a number of maritime fronts such as sustainability and decarbonization…

Port of Lowestoft: Peterson Nets Integrated Logistics Deal with Shell

Feb 28, 2022

Energy industry logistics provider Peterson said Monday it had secured a new contract with Shell to provide supply base services from the Port of Lowestoft, in the UK.'The new contract follows the expiry of a 7-year-old contract and strengthens…

Offshore Renewable Energy: A Port Puzzle for Floating Offshore Wind

Dec 08, 2021

After being very much on the margins of the offshore wind industry, floating offshore wind now appears to be ready to hit the mainstream. With gigawatt scale developments already on the horizon, what will the infrastructure needed to build and support them look like…

Crowley, Watco Team Up to Support Growing U.S. Offshore Wind Industry

Feb 09, 2021

Two U.S.-based maritime & offshore services and logistics companies Crowley and Watco, are teaming up in the space of the emerging offshore wind industry in the country.In a statement on Tuesday, the two firms said they'd create a single-source…

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…

Current News

Greencoat UK Wind to Pay $496.5M for 12.5% Stake in UK Offshore Wind Farm

Greencoat UK Wind to Pay $496.5M for 12.5% Stake in UK Offshore Wind Farm

Equinor, Exxon Agree to Expand Brazil Offshore Oil Ops

Equinor, Exxon Agree to Expand Brazil Offshore Oil Ops

Woodside Sees Slim Risk of Big Share Selloff by BHP Investors

Woodside Sees Slim Risk of Big Share Selloff by BHP Investors

Bolsonaro Hints at Change in Petrobras' Profit Distribution

Bolsonaro Hints at Change in Petrobras' Profit Distribution

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