Shell Midstream Partners said on Thursday it is offering storage in its Mars Sour crude cavern on the U.S. Gulf Coast, as offshore producers are not cutting output like onshore shale drillers despite the oil price downturn caused by the coronavirus pandemic…
China has increased U.S. crude purchases with some buyers snapping up cargoes at the widest discounts ever as sellers seek to offload excess supplies in Asia, six trade sources said on Wednesday.China started processing in March applications from its companies to waive import tariffs on U…
Shell Midstream Partners LP expects to take final investment decisions on expanding its Mars crude oil pipeline system in the Gulf of Mexico in the first half of the year, Chief Executive Kevin Nichols said on Thursday.Shell has seen significant interest from oil producers as the 600…
A service operations vessel (SOV), owned and operated by Bernhard Schulte Offshore, is undergoing final tests at Ulstein Verft’s shipyard in Norway in preparation for sea trials.'The Yard number 315 newbuild at Ulstein Verft, the Windea TBN for Bernhard Schulte…
U.S. sanctions on Venezuela's oil industry have made winners out of Royal Dutch Shell Plc and BP Plc, Gulf of Mexico offshore heavyweights, as refiners in need of substitutes are scooping up oil produced in the region.Those two companies produce…
Dutch offshore vessel operator Sea Mar Shipping has won a three-year plus 2 x one year options for its IRM (Inspection, Repair and Maintenance) vessel Sea Mar Splendid from Neptune Energy Netherlands.The vessel and crew will support Neptune…
As the year comes to a close it is interesting to examine some of the latest developments in the offshore and maritime markets in Brazil. Data from National Union of Marine and Offshore Construction and Repair Industry (SINAVAL) shows a number…
First gas has been delivered on schedule from the Cayley field, the third and final new discovery to be brought on stream during the major redevelopment of the Montrose Area in the Central North Sea under operator Repsol Sinopec Resources UK…
Aker BP has drilled a dry hole close to the Volund field in the Norwegian North Sea, according to the Norwegian Petroleum Directorate (NPD). Well 24/9-11 S was drilled using the Transocean Arctic semisubmersible drilling rig in 122m water depth…
First oil is flowing from Repsol Sinopec Resources UK's Shaw field, part of the firm's Montrose Area Redevelopment (MAR) in the Central North Sea. Shaw has been developed as a subsea tie-back to a new bridge-linked production platform…
Subsea 7 received an early termination notice from Petrobras for the dayrate contract for the Seven Mar pipelay support vessel (PLSV). The rig was working offshore Brazil, and the contract was due to expire in 2018, however, ended effective 16 January 2017…
Aker BP's Ivar Aasen project has won approval to start production in early December from the Norwegian Petroleum Directorate (NPD), the agency announced today (24 October). Illustration of Ivar Aasen…
Chevron North Sea has appointed Greta Lydecker as managing director of Chevron Upstream Europe, based in Aberdeen, starting today. Lydecker succeeds Craig May, who was recently appointed to the role of vice president, Upstream Capability…
Subsea 7 and Petrobras entered into an agreement to substitute a pipelay support vessel (PLSV) working on a day-rate contract for the Brazilian giant, offshore Brazil. The deal will substitute the PLSV Seven Mar for the chartered PLSV Normand Seven in the existing Normand Seven contract…
Subsea 7 has had its day-rate contract for the pipelay support vessel Seven Mar terminated early after the vessel lost its operating license. Brazilian maritime law prioritizes Brazilian-flagged vessels over international vessels of a similar specification…
Subscribe
