Logistics News

 

Brent Crude Eases, as Canadian Supply Drop Boosts U.S. Futures

Feb 20, 2018

Monday U.S. holiday pulls WTI's Friday gain into Tuesday. Brent crude oil prices eased on Tuesday, pulled down by a stronger dollar and a bout of profit-taking, while U.S. futures gained, bringing the discount between the two key futures contracts to a six-month low…

North Sea Forties Pipeline Ramps Up Again Slowly

Feb 08, 2018

Buzzard oilfield restarts, pumping below full rate-source; Forties has temporary flow restriction. Oil and natural gas flows along Britain's biggest and most important oil pipeline, Forties, were ramping up slowly on Thursday as the system…

Brent Crude Nears $70 on OPEC Cuts, Demand

Feb 02, 2018

UBS sees upside for demand growth in 2018. Reuters survey shows strong compliance with output cuts. Brent oil prices held near $70 per barrel, supported by strong compliance with output cuts by OPEC and its ally Russia, as well as expectations for strong demand growth in 2018…

Oil Rises as OPEC Compliance Eclipses US Output

Feb 01, 2018

U.S. production tops 10 mln bpd for first time since 1970 as U.S. inventories rise by 6.8 mln bbls. Oil prices rose on Thursday after a survey showed OPEC's commitment to its supply cuts remains in place, even as U.S. production topped 10 million barrels per day for the first time since 1970…

IEA Sees Oil Markets Tightening as PDVSA Output Sags

Jan 19, 2018

As U.S. oil output is poised to overtake Saudi Arabia, Venezuelan oil output is at 30-year low - and could fall further. Global oil markets are tightening quickly on falling supply from Venezuela, which posted 2017's biggest unplanned output fall and could see a further decline in 2018…

Helicopter crash kills 13, Norway

Apr 29, 2016

UPDATE: According to Reuters, Statoil restarted production at Gullfaks B, as of 2 May, following a helicopter crash that killed 13 people. Read the latest here Statoil has released the names of several offshore workers who died on Friday…

Faroe, Eni, Petrofac save chopper costs

Nov 05, 2015

Petrofac, Faroe Petroleum and Eni Hewett have established a cost saving partnership to drive efficiencies and commercial synergies across their UK operations in the UK southern North Sea. The tripartite agreement sees collaboration between…

ShawCor completes Dhatec acquisition

Mar 04, 2015

ShawCor Ltd.(SCL) completed the acquisition of Dhatec B.V. for an undisclosed amount.  “The acquisition of Dhatec will complement our pipeline performance strategy of combining pipe coating products and services into innovative solutions…

Statoil selects Asco for Mariner services

Feb 26, 2015

Statoil has chosen UK-based oilfield support services firm Asco for its supply base and warehousing services on the UK North Sea Mariner field. The contract comes under two five-year contracts, with extension options, due to start in Q1 2016…

Statoil awards supply base contracts

Jan 07, 2015

Statoil has awarded service contracts for seven supply bases for the company in Norway to NorSea Group, Saga Fjordbase and Asco Norge.  The contracts include terminal and warehouse services as well as storage and pipeline handling.  “Logistics…

Danish tie-up between Semco and Blue Water

Jan 05, 2015

Blue Water is to provide logistics services on a global scale to Semco Maritime over the next two years, building on years of cooperation by the two Danish companies on several rig and infrastructure projects. “Blue Water’s global experience of working in the Energy and Offshore business…

Senior management shake-up at ASCO

Dec 12, 2014

Oilfield services group ASCO's CEO and chairman are leaving the business, the company revealed today by announcing it had appointed Alan Brown as its new CEO. The firm has appointed former business services firm Rentokil Initial CEO Alan Brown as its new CEO…

ENAP gets helicopters for rigs in Strait of Magellan

Dec 02, 2014

Chilean helicopter services operator EcoCopter has prepared for a new contract with ENAP (Empresa Nacional del Petróleo), the Chilean national petroleum company, which started on 1 December 2014. Eurocopter…

Pemex board approves restructure

Nov 19, 2014

The board of directors for Mexico’s Petroleos Mexicanos (Pemex) approved a corporate restructuring plan that would see the company reorganize into two main units and five smaller subsidiaries. The national oil company said that the plan was…

South Africa’s western offshore attracts operators

Oct 21, 2014

Oil and gas exploration has turned many areas of Sub-Saharan Africa into economic hotspots, and operators are now looking at South Africa’s western coast. Planned infrastructure improvements may improve exploration logistics, but…

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