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CONOCO PHILLIPS

Darwin LNG Launches Sell Tender

Australia's Darwin liquefied natural gas (LNG) export plant, operated by Conoco Phillips, has launched a tender to sell one cargo loading April 6-7, according to traders familiar with the matter. The 3.5-million-tonne-per-annum facility has asked sellers to arrange their own shipping requirements, although it is willing to consider delivering the cargo to buyers. Bids are due March 3. Reporting by Oleg Vukmanovic


Aker Kvaerner Wins Contract in Vietnam

Aker Kvaerner has been awarded a five year contract by Cuu Long Joint Operating Company (CLJOC) for the supply and installation of surface wellheads and valve trees in the Vietnamese Cuu Long Basin. Aker Kvaerner's business area Subsea will supply the wellhead and control tree system as well as associated components. The equipment will be used to support the new Sutu Vang (Golden Lion) and Sutu Den (Black Lion) fields of the Cuu Long Basin.


Northrop Grumman Awarded Ship Contract

Northrop Grumman Corporation was awarded a contract from Maersk Line, Limited for maintenance work on the military prepositioning ship M/V Pvt. Franklin J. Phillips. Northrop Grumman's Newport News sector is the prime contractor for the work, which will include dry-docking, maintenance and repair. The Phillips arrived at the shipyard on Sept. 26 and will remain for approximately five weeks. Work during this period will include upgrades to the habitability spaces; replacement of the cargo


New Generation Drillship Goes to Work

Conoco and R&B Falcon Corp. announced Deepwater Pathfinder - a first-of-its-kind, ultra-deepwater drillship - began a five-year work program in the Gulf of Mexico. The ship, the first new build capable of drilling in 10,000 ft. of water, will fulfill a $400 million drilling program for Conoco. The vessel is expected to drill three or four wells in its first year of operation, with the first exploratory well being drilled at Garden Banks Block 783


ConocoPhillips Merger Completed

ConocoPhillips has completed the merger of Conoco Inc. and Phillips Petroleum Company, following clearance by the U.S. Federal Trade Commission earlier today. Shareholders of both companies and all U.S. and foreign regulatory authorities cleared the merger earlier this year. ConocoPhillips is the third-largest integrated U.S. energy company. On a global basis, it is the sixth-largest publicly held energy company based on hydrocarbon reserves and production


Capt. Phillips to Speak at National Press Club

Capt. Phillips & Cmdr. Frank Castellano: Photo credit USN

Capt. Richard Phillips, who was taken hostage by Somali pirates in 2009 and whose story is the subject of a new film starring Tom Hanks, will be joined at the National Press Club 10, October 2013, by Capt. Steven Werse, Secretary-Treasurer of the International Organization of Masters, Mates and Pilots. Captain Richard Phillips, who survived a harrowing ordeal at sea in 2009 when his ship the Maersk Alabama was boarded by Somali pirates and whose story is the subject of a new feature film


Conoco Expects Higher Earnings in Third Quarter

Conoco said higher crude oil and natural gas prices, as well as continued growth in oil and natural gas production volumes, will result in earnings appreciably higher than current analysts' estimates for the third quarter. Conoco Chairman, President and CEO Archie W. Dunham said earnings would be in a range of about four to seven cents higher than First Call's current consensus estimate of 33 cents of underlying earnings per share for the third quarter.


Maureen to be Reused and Recycled

Phillips Petroleum's UK subsidiary has exercised the option in its existing contract with Aker Maritime to deconstruct the Maureen platform for re-use and recycling. Maureen is to date the largest platform in the world to be removed after use. Parts of the substructure are planned to be used in a new quay at Stord in western Norway - and the aim is to use anew or recycle no less than 95 percent of the platform. The assignment is worth NOK 700 million


Setting the Course Awards Banquet

Seafarers & International House will hold its 14th annual Setting the Course awards banquet the at the New York Athletic Club on Tuesday evening, April 22, 2014 to honor Donald J. Marcus, Edward R. Morgan and Captain Richard P. Phillips as the 2014 Outstanding Friends of Seafarers. •Don Marcus is the President of the International Organization of Masters, Mates & Pilots, having served for many years as its Secretary-Treasurer


Howard Thill Joins Devon to Succeed White

  Howard Thill has joined Devon Energy Corporation as senior vice president, communications and investor relations.He has joined the company to fill the position created by the retirement of Vince White, senior vice president, communications and investor relations. The company announced yesterday the retirement of Vince White who is scheduled to retire August 8, 2014. “Howard brings to Devon deep knowledge borne of extensive and varied experience in our industry


Algerian Crude Returns to US East Coast

Phillips 66 has purchased a cargo of Algerian crude oil for its Bayway refinery in New Jersey for the first time since 2013, two sources said, the latest U.S. refiner on the East Coast to shun domestic crudes in favor of cheaper imports.  


Reckless Skipper Handed Prison Sentence

U.K. skipper Alexander Baird, who pleaded guilty to a charge of not operating his ship in a safe manner, has been sent to prison following a hearing April 21 at Mold Crown Court, where he received a custodial sentence totaling nine months.  


Venezuelan Crude Sales to US Fell 8% in April

Venezuelan crude sales to the United States declined 8.3 percent in April to 734,700 barrels per day (bpd) compared with the same month of 2015, amid delays at PDVSA's main ports, according to Thomson Reuters trade flows and vessel tracking data.  


Taiwan Launches its Highest-Capacity Container Ships

CSBC’s YM Window (left) and YM Width are flying the flag for Taiwan in the 14,000 TEUs segment of the international container ship market. (Courtesy of Kaohsiung City Government)

State-backed shipbuilder CSBC Corporation, Taiwan has launched two domestically developed and constructed vessels in the southern Taiwan port city of Kaohsiung, reports Taiwan Today.   YM Window and YM Width are 368 meters long, 51 meters wide and can carry 14,198


Conoco CEO: Lifting U.S. Oil Export Ban on Wish List

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The head of U.S. oil company ConocoPhillips on Thursday renewed a call for the Obama administration to lift a ban on crude exports to help revive the struggling domestic energy industry, saying the move was "number one on my wish list."


Hurricane Patricia Brings Rain, Flooding to Louisiana

Torrential rainstorms battered Louisiana on Sunday, leaving thousands without power, after pounding southeastern Texas as the remnants of Hurricane Patricia converged with a second storm. The heaviest band of rain moved over the Gulf of Mexico


Phillips Heads Gulf Petrochem's Credit Risk, Bunkering Div.

John Phillips

Gulf Petrochem has appointed John Phillips as Head of Credit Risk for the Group’s Bunkering division. With over 30 years experience in the Maritime sector, John is a well known expert in the industry and will focus on areas such as Credit Management (focused on Bunker business)


New GM at Perkins Marine Facility in Wimborne

Andrew Goldspink (Photo: Perkins)

Engine manufacturer Perkins hires Andrew Goldspink to succeed retiring general manager Steve Phillips. After 30 years at engine manufacturer Perkins, Steve Phillips has elected to retire from his role as General Manager of the company’s marine facility in Wimborne


Update: Statoil Follows Shell out of Alaska

Norwegian oil major Statoil said on Tuesday it will pull out of Alaska's Chukchi Sea, just weeks after Royal Dutch Shell abandoned the treacherous waters there after spending billions on oil exploration work.   The latest pullback comes as oil companies slash spending on expensive offshore


IOCs Stress on OSV Fuel Management Performance

Enginei screen Photo Royston

Growing insistence by international oil companies (IOCs) that oilfield contract vessels (OSVs) are fitted with fuel monitoring systems has prompted an upsurge in interest in marine engine monitoring systems. Diesel power specialist Royston reports that it is equipping a growing number of


U.S. Okays ConocoPhillips LNG Exports

Liquefied Natural Gas Tanker Kenai, Alaska. Photo: ConocoPhillips Company

 The U.S. Department of Energy has renewed authorization for liquefied natural gas (LNG) exports from the North Kenai ConocoPhillips facility, reports Reuters.   The approval is to export about 40 billion cubic feet of natural gas from its Kenai LNG export terminal in Alaska over the


Japan to Import Feed Wheat, Barley via Tender

Japan's Ministry of Agriculture said it would import 26,230 tonnes of feed-quality wheat, and 20,750 tonnes of barley for livestock use, via a simultaneous buy and sell (SBS) auction that closed late on Wednesday.   The ministry sought that 120,000 tonnes of feed wheat and 200


Japan to Import US Crude in May

Phillips 66 actively offering U.S. crude in Asia. Japan will receive a U.S. crude cargo in May, its second such purchase from the United States since Washington lifted a four-decade ban on crude exports, industry sources said on Wednesday.


Venezuelan Crude Sales to US Declined 7% in March

Exports of Venezuelan crude to the United States fell almost 7 percent in March versus the same month of 2015 to 793,581 barrels per day (bpd), according to Thomson Reuters Trade Flows data, affected by delays at the country's main oil port.  


US Navy Sailors Reflect on Capt Phillips Rescue

Maersk-Alabama Capt. Richard Phillips, right, stands alongside Cmdr. Frank Castellano, commanding officer of USS Bainbridge after being rescued by U.S Naval Forces off the coast of Somalia. (Official U.S. Navy photo)

U.S. Navy sailors aboard amphibious assault ship USS Boxer took time to reflect on the anniversary of the rescue of Capt. Richard Phillips from Somali pirates in the Gulf of Aden seven years ago.   Phillips was rescued April 12, 2009 by special operations personnel aboard USS Bainbridge and






 
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