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PHILLIPS PETROLEUM

PGS Awarded Two Seismic Contracts

Petroleum Geo-Services ASA (PGS) was recently awarded a seismic contract in deepwater Gulf of Mexico. PGS will utilize its proprietary 3-D marine seismic vertical cable technology for the contract awarded by Phillips Petroleum Company in deepwater Gulf of Mexico in the Garden Banks area. The contract will involve one month of high-density data acquisition.


Breivik Acting Exec VP - StatoilHydro

Mr. Breivik will succeed Hilde Merete Aasheim who will leave StatoilHydro on the same date to take up her new position as executive vice president of Aluminium Metal in Norsk Hydro. Gunnar Breivik is currently senior vice president of StatoilHydro's health, safety and environment cluster. Mr. Breivik will continue to hold the responsibility for this field as well. After completing his chemical engineering studies as a chartered engineer at the of Science and Technology (NTNU) in 1981, Mr


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


Global Drilling Expected To Bounce Back In 2000

World drilling activity for oil and gas fell 24 percent in 1999 from 1998, but levels should bounce back in 2000, IHS Energy Group said. "In 2000, I expect levels to reach at least those of 1998," said Ian Cross, Asia director for IHS, who produced an IHS report on world drilling activity in 1999. "Some areas in 2000 will be slow to catch up. I think the Far East will be one of them. There is less money going into this region," he said.


Keppel’s Yard Delivers Rig to ENSCO

Keppel’s yard in Brownsville, Texas, AMFELS Inc. has delivered on time and on budget, a KFELS MOD V “B” class ultra premium jack-up drilling unit to a subsidiary of ENSCO International Incorporated. ENSCO 105 is the second MOD V “B” new generation deep-well drilling rig that has been completed. The total cost of construction and outfitting for the ENSCO 105 was in excess of US$100 million (S$175m), of which work performed by AMFELS formed a major portion.


Northrop Grumman Delivers Second Double-Hulled Tanker

Northrop Grumman Corporation's Ship Systems sector delivered the tanker Polar Resolution in a brief ceremony at its Avondale Operations in New Orleans, La. Polar Resolution is the second of five 140,000 deadweight (DWT) Endeavour-class double-hulled crude oil carriers Northrop Grumman Ship Systems is building for Polar Tankers, Inc., a wholly owned subsidiary of Phillips Petroleum Company. "The delivery of this second double-hulled tanker underscores our commitment to compete in profitable


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. This will follow the arrival in April of Japan's first crude cargo from the United States, bought by Cosmo Oil Co earlier this year, indicating a growing willingness among Asian refiners to experiment with new grades as they seek to diversify their


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. Over his years at Perkins, Phillips has held leadership roles in Parts and Service (London), Marine Service Manager for the Asia Pacific region (Singapore), through to his current role as General Manager (Wimborne, UK).


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 transferred to Boxer for medical evaluation and care. Boxer also served as a staging platform for the rescue operation.  


Captain Phillips to Publicly thank USS Bainbridge

For the first time since his dramatic rescue at sea, Captain Richard Phillips of the Maersk Alabama will publicly thank the commanding officer and crew of the USS Bainbridge during a ceremony in Norfolk, Virginia on November 19. The ceremony will take place on the fantail of guided missile cruiser at 2 p.m. The USS Bainbridge will be moored on the downtown Norfolk waterfront. The Maersk container ship was captured by rogue pirates off the coast of Somalia on April 8


Crowley to Christen 3rd LNG-ready Product Tanker

Louisiana (Photo: Crowley)

Crowley Maritime Corp. announced it will hold a christening ceremony Thursday, May 5 in New Orleans for the newly built Louisiana, the company’s third of four new Jones Act product tankers.   The 600-foot-long, 50,000-dead-weight-ton (dwt), 330


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.  


SPE Aberdeen Awards Students Bursaries

2016 SPE student bursary winners Photo SPE

The Society of Petroleum Engineers (SPE) Aberdeen Section has announced the recipients of its annual student bursaries programme for 2015-2016.   In total, £7,500 was awarded to seven students attending Aberdeen, Robert Gordon, Dundee, Heriot-Watt and Strathclyde universities


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.  


Third LNG-ready Tanker Delivered to Crowley

Photo: Crowley

Crowley takes delivery of Louisiana, third Jones Act tanker with LNG capability   Crowley Maritime Corp. has taken delivery of Louisiana, the third of four new, Jones Act product tankers being built for the company by Philly Shipyard, Inc


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.  


Qatar Petroleum Delivers 500th LNG Cargo UK

Saad Sherida Al-Kaabi, the President and CEO of Qatar Petroleum. Photo: QP

 Qatar Petroleum (QP) has announced the delivery of the 500th liquefied natural gas (LNG) cargo from QP affiliate Qatar Liquefied Gas Company (2) to the South Hook LNG Terminal at Milford Haven in the United Kingdom.   The landmark delivery, on Thursday March 24th


U.S. Petro Exports Continue to Grow

Total U.S. petroleum product exports continued to increase in 2015, up 467,000 barrels per day (b/d) from 2014 to 4.3 million b/d, driven by increased exports of distillate fuel, motor gasoline, and propane, according to data from the U.S. Energy Information Administration (EIA)


US Import Prices Fall, but Downward Trend Nearing End

File photo: Hapag-Lloyd

U.S. import prices fell in February for an eighth straight month, weighed down by declining costs for petroleum and a range of other goods, but the pace of decline is slowing as the dollar's rally fades and oil prices stabilize.   The Labor Department said on Friday import prices slipped 0


MISC, AET Fleets Merger

Photo: MISC

International energy logistics group MISC Berhad announced that it is to merge its chemical fleet with the clean petroleum products (CPP) fleet operated by its wholly owned petroleum subsidiary, AET.   Under the new arrangement, AET will take over the 13 chemical vessels and one LPG tanker


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


Vitol's New Bunkering Partnership in Nigerian Waters

Pic: PPPFluid Mechanics Limited

 International oil trader Vitol Group (Vitol)  has started a new bunkering operation in Nigerian waters with shipping and logistics firm PPP FM Bunkers (PPPFM), supported by the Secure Anchorage Area (SAA) West Africa.   Nigeria's PPPFM is fully licensed by that country's


QP, Chevron Ink Offshore Moroccan Deal

Courtesy Qatar Petroleum

Qatar Petroleum has reached an agreement with Chevron Morocco Exploration Ltd., a subsidiary of Chevron Corporation, to acquire a 30% participating interest from Chevron’s 75% share in three deep-water offshore leases in the Kingdom of Morocco.


MISC Bhd: Revenue Up

Puteri Firus, LNG Shipping. Photo: MISC Berhad

 Malaysia International Shipping Corporation Berhad (MISC Berhad), a shipping arm of Petronas, has seen an increase of 12.3 percent in its net profit for the 2015 full year financials when compared to 2014.   The liquefied natural gas (LNG) shipper said the higher earnings compared


Crowley Christens 2nd LNG-ready Product Tanker

Photo: Crowley

Crowley christens second of four newly built, LNG-ready product tankers for use in U.S. coastwise trade   Crowley Maritime Corp. has christened the second of four new Jones Act product tankers yesterday at the South Florida Petroleum Terminal (The Public Dock) in Fort Lauderdale, Fla






 
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