Tanker demand for crude and residuals to rise
AUGUST 8, 2015—Tanker demand for crude and residual fuel products is expected to increase by 2.5% in 2015 from year ago levels as a reduction in oil prices and improving refining economics
Oil & Gas
BSEE inspectors keep sharp eye on Shell
AUGUST 7, 2015—Inspectors from the U.S. Department of Interior’s Bureau of Safety and Environmental Enforcement (BSEE) are keeping a sharp eye on Shell’s “top-hole” drilling operations being conducted off of Alaska in
Bourbon set to keep on stacking
AUGUST 6, 2015 — Paris headquartered offshore services giant Bourbon reported record first half 2015 adjusted revenues of €758.8 million, a 13.1% increase on the equivalent period last year, but down 6.8%
Bechtel awarded FEED contract for Port Delfin FLNG
AUGUST 6, 2015 — Bechtel reports that it has been selected by Delfin LNG, a wholly-owned subsidiary of Fairwood Peninsula Energy Corporation, to perform front-end engineering and design for the first U.S.-based
Gard: Six takeaways from Deepwater Horizon
AUGUST 3, 2015 — Arendal, Norway, headquartered P&I club Gard notes that last month’s settlement by BP brings to an end the outstanding major claim elements of Deepwater Horizon case.The current estimate
Fennica: Uncharted shoal found
JULY 29, 2015 — The icebreaker MV Fennica, which suffered damage to its hull on July 3, may have been damaged by a previously uncharted shoal. At the time, the ship was
Damen delivers Twin Axe FCS customized for O&G industry
JULY 28, 2015 — Damen Maaskant Shipyards Stellendam, The Netherlands, recently handed over a Twin Axe Fast Crew Supplier 2610 to a long time customer, family-run Groen Offshore, Guard & Support. Named after
BSEE puts tight controls on Shell’s Chukchi drilling
JULY 23, 2015 — Congressional opposition to Arctic drilling remains strong. Nonetheless the Obama administration continues to allow Shell’s Chukchi Sea drilling program to proceed — under a number of limitations. Among
Golar inks contract for third GoFLNG conversion
JULY 22, 2015 — With $960 million in financing secured for its first GoFLNG project (see earlier story), Golar LNG Limited has reached agreements for conversion of a third Moss type LNG
Excelerate Energy makes Pakistan’s first STS LNG transfer
JULY 21, 2015 — Excelerate Energy L.P. reports that it has completed the first Ship-to-Ship (STS) transfer of LNG at the Engro Elengy LNG Terminal, Port Qasim, Pakistan. Excelerate’s floating storage and