An oil tanker and a Norwegian navy frigate collided off Norway's west coast on Thursday, injuring eight people and triggering the temporary shutdown of a North Sea crude export terminal, Norway's top gas processing plant and several offshore fields…
Norway has been forced to close the Sture Oil Terminal near Bergen and has started closing down the nearby Kollsness gas-and-condensate terminal — a lifeline of heating gas to Europe — after an early morning collision between a $440-million frigate and an oil tanker…
Norway's Equinor has entered into time charter contracts with the shipowner Knutsen NYK Offshore Tankers AS (Knutsen) for two newbuild shuttle tankers to transport crude oil from the Roncador oil field in the Campos Basin offshore Brazil.The…
Though the tanker market has been a global maritime laggard in 2018, with overcapacity cited as the chief culprit, apparently it could not dissuade PAO Sovcomflot (SCF Group) from inking a deal wih Rosneft, Zvezda Shipbuilding Complex and VEB Group for a pair of Aframax tankers…
Venezuela's state-run PDVSA is organizing a contingency plan to address its latest oil-export problem following a minor accident last week at the country's main crude terminal, two sources from the firm told Reuters on Friday.A tanker collision…
Saudi Arabia said on Thursday it was suspending oil shipments through a strategic Red Sea lane after Yemen's Iran-aligned rebels attacked two tankers in the waterway, underscoring the risk of an escalation in tensions in the region.Brent crude futures rose 59 cents to $74…
Venezuelan state-run oil company PDVSA has completed its first ship-to-ship (STS) transfer designed to ease a severe bottleneck of tankers around its main crude ports, according to sources close to the operation and Reuters vessel tracking data…
The Yamal liquefied natural gas (LNG) liquefaction plant has started production, with the first LNG cargo export scheduled for 8 December. The Christophe de Margerie tanker, named for the former Total CEO…
The tanker destined for ExxonMobil's Liza Phase 1 project, offshore Guyana, has arrived at Keppel's shipyard in Singapore, SBM Offshore announced today (14 November). SBM has said that the tanker's arrival marks the start of the FPSO conversion phase…
Start up on the Stella field will mark a step-change in operator Ithaca Energy's business, the firm said this morning. First oil on the field, due at the end of this month, will see the firm's production more than double to 20-25,000 boe/d and unit operating costs drop to under US$20/boe…
Teekay Offshore has been awarded new three-year shuttle tanker contracts of affreightment (CoA), plus extension options, with BP plc, Royal Dutch Shell and OMV Group, to transport the oil produced from the new Glen Lyon FPSO, which is part…
Novenco Offshore has signed a contract with Polish shipyard Remontowa Shiprepair Yard for delivery of HVAC Equipment for the conversion of the tanker Hanne Knutsen to FSO for the Martin Linge field. Total E&P Norway will rent the Hanne Knutsen from KNOT FSO 1…
While the oil price has sucked much wind out of the sails of the FPSO industry, work must go on. And there are still quite a few projects lined up from 2016-2018. Infield Systems presents this list of conversion and newbuild construction projects…
Singapore’s fabrication and engineering service provide TRIYARDS Holdings made a 59% year-on-year jump in net attributable profit to US$8.4 million in the fourth quarter, driven mainly by liftboat construction, the company said. Work done on liftboats…
KNOT Offshore Partners announced that it has completed its acquisition of the ownership interests in the company that owns and operates the shuttle tanker Ingrid Knutsen for an aggregate purchase price of $115.0 million. KNOT has financed the purchase price with cash in hand…
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