Production starts from first FPSO in U.S. Gulf
Oil and gas production from the first FPSO in the U.S. Gulf of Mexico started at the deepwater Cascade field, according to Brazilian oil major Petrobras. Petrobras is the first company to
Search Results for: shuttle tankers
Teekay Offshore moves ahead on Sevan Piranema acquisition
Teekay Offshore GP L.L.C., the general partner of Teekay Offshore Partners L.P. (NYSE: TOO), reports that Teekay Corporation and Teekay Offshore intend for Teekay Offshore to acquire the Sevan Piranema floating production,
MWCC adds Aframax tanker to expanded containment system
Marine Well Containment Company (MWCC) has announced the delivery of an integral component to its expanded containment system, a new Aframax tanker. Named Eagle Texas in a recent ceremony in Takamatsu, Japan,
Strong results for Petrobras
Brazilian state-owned oil giant Petrobras announced its results for the first half of 2011, showing net income of R$21.928 billion (about $13.595 billion), an increase of 37 percent over the same period
OSG reports more red ink, but sees signs of market turnaround
Tanker giant Overseas Shipholding Group, Inc. (NYSE:OSG) reported a loss for the first quarter of FY 2011, ended March 31, 2011, of $34.6 million, or $1.15 per diluted share, compared with a
BOEMRE gives final approvals for use of first FPSO in U.S. waters
Almost a full year after the arrival of the FPSO BW Pioneer in U.S.waters, BOEMRE today gave the final approval needed for the unit to begin oil and natural gas production at
Bureau Veritas and Rio University set up joint development center
Classification society Bureau Veritas and COPPE/UFRJ, the ocean engineering department of Brazil’s Universidade Federal do Rio de Janeiro, are to set up a joint development center. The move is intended to speed
Teekay announces senior management appointments
Kenneth Hvid, has been appointed Executive VP and Chief Strategy Officer at Teekay Corporation (NYSE:TK ), effective April 1. He will be located in Vancouver, Canada and will be succeeding Peter Evensen,
Marine Log’s Top Women in Maritime in 2022: The full interview
As the maritime industry continues to increase diversity and bring more women into its ranks, we wrap up 2022 for the third year in a row by bringing to you our list
MARAD awards Marine Highways grants to 12 projects
The U.S. Department of Transportation’s Maritime Administration (MARAD) today awarded nearly $39 million in grants to 12 marine highway projects across the nation under the America’s Marine Highway Program (AMHP). The funding