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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


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.


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.


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


Shell, Phillips 66 to Lift SPR bbls

File Image: A VLCC underway (CREDIT: AdobeStock)

Oil companies Shell and Phillips 66 together bought 6.4 million barrels of oil last week from the Strategic Petroleum Reserve (SPR), according to a Department of Energy document released on Tuesday.   Shell bought 6.2 million barrels of oil and Phillips 66 bought 200,000 barrels on Jan. 18, according to the department document, seen by Reuters.   The federal government held the sale to fund a revamp of the emergency oil stash


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


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).


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


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.  


Panoil, Universal Energy Lose Singapore Bunker Supply Licence

Photo: Panoil Petroleum Pte Ltd

 The Maritime and Port Authority of Singapore (MPA) will not be renewing the bunker supplier licences of Panoil Petroleum Pte Ltd and Universal Energy Pte Ltd when they expire on 31 August 2017.   The bunker craft operator licence of Universal Energy Pte Ltd will also not be renewed


Genoil Signs Tri-Partite Scientific Pact on Low Sulphur Fuel Oil

Photo:  Genoil Inc.

 Clean technology engineering company for the petroleum industry Genoil Inc has signed a tri-partite science, research and technical cooperation agreement with two leading Russian institutions.   Genoil has joined forces with the UFA Scientific Research Institute of Petroleum Refining


Six Companies Buy Oil from US Emergency Crude Reserve

Six companies bought 14 million barrels of oil from the U.S. Strategic Petroleum Reserve in a sale required by law to help fund medical research and the federal government, said the Department of Energy on Thursday.   BP Oil Supply, Exxon Mobil Corp, Phillips 66 , Shell Trading


Phillips 66 Charters Foreign Tanker for Domestic Voyage

Phillips 66 has chartered a Marshall Islands-flagged vessel, making use of a temporary waiver of the Jones Act that was put in place to meet fuel shortages in the wake of hurricanes Harvey and Irma, Argus Media reported on Thursday.  


Coast Guard to Be Honored in DC

John F. Kelly (Photo: US Dept. of Homeland Security)

The Coast Guard Foundation, a nonprofit organization committed to the education and welfare of all Coast Guard members and their families, announced that its 13th Annual Tribute to the United States Coast Guard in Our Nation’s Capital will take place on Tuesday, June 6


Qatar Petroleum, Shell Sign LNG Bunkering Agreement

Qatar Petroleum and Shell signed a framework agreement to develop global LNG bunkering facilities on Tuesday, Qatar Petroleum said.   "We view LNG bunkering as a promising opportunity for LNG to further grow as a clean energy source


UN Resolution Targets Libyan Fuel Smugglers

The U.N. Security Council has extended sanctions on illegal oil exports from Libya to cover refined petroleum products as well, in a bid to stem rampant smuggling of subsidised fuel by sea. Imported fuel that is priced lower for the domestic market is commonly smuggled by ship from western


Qatar to Boost LNG Production by 30% Amid Arab Dispute

Photo: Qatar Petroleum

 State-owned Qatar Petroleum said Tuesday it aims to raise Qatar’s LNG production from 77 million to 100 million tons per year.  The new additional volumes will be secured by doubling the size of the new gas project in the southern sector of the North Field


Egypt to Establish USD 4bln Petrochemical Complex in Suez

Photo: Suez Canal Authority

 Egyptian Ministry of Petroleum entered in a partnership with the Ministry of Public Business Sector to establish a petrochemical plant in Suez governorate at a total cost exceeds $4 billion, Zawya reported quoting Petroleum Minister Tarek el-Molla.  


Gasoline Futures Rally Propels Crude Markets

File Image (CREDIT: AdobeStock / Gear STD)

U.S. shale drilling slowdown may be temporary.   Oil prices rose to an eight-week high on Thursday, as a rally in U.S. gasoline futures spurred further gains this week that came after key OPEC members pledged to reduce exports and the U.S


Indian Ports Buoy by Healthy Growth in Cargo

Image: Indian Ports Association

 Indian port sector players will continue to experience healthy growth in cargo in the near term, PTI reported quoting rating agency Icra.   Traction in Inland Waterway projects will open up several business opportunities for the port sector players.  


2017 IMO Award for Exceptional Bravery at Sea

Image: International Maritime Organization (IMO)

 Two members of the Houston Pilots in the United States are to receive the 2017 International Maritime Organization (IMO)  Award for Exceptional Bravery at Sea.    The pair will be recognized for their role in averting a major tragedy when the ship they were piloting broke


Venezuela Ships More Oil to US in July vs June

Venezuela's PDVSA and its joint ventures last month shipped 638,325 barrels per day (bpd) of crude to the United States, a 30 percent increase over June due to larger sales of upgraded oil, according to Thomson Reuters trade flows data.  


Singapore Revokes Panoil Petroleum's Bunker Licence

Photo: Panoil Petroleum

 The Maritime and Port Authority of Singapore (MPA) has revoked the bunker craft operator licence of Panoil Petroleum, effective 14 August 2017.  Panoil  will no longer be allowed to operate as a bunker craft operator in the Port of Singapore.  


Vopak Expands Pengerang Terminal

Pic: Royal Vopak

 Royal Vopak and its joint venture partners intend to expand their independent storage terminal, Pengerang Independent Terminals Sdn Bhd (PITSB) in Pengerang, Johor in southern Malaysia.    PITSB will be expanded with 430,000 cbm to a total capacity of 1.7 million cubic meters






 
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