Oil News

27 Sep 2020

Milaha, Schlumberger to Build Stimulation Vessel

(Photo: Milaha)

Qatar's maritime and logistics firm Milaha said it entered into a formal agreement with U.S. headquartered oilfield services firm Schlumberger to cooperate on projects that will localize the energy sector supply chain, including the construction of a Qatari offshore oil well stimulation vessel.Milaha said its offshore and marine arm signed the memorandum of understanding (MOU) that will support value building projects while jointly driving Qatar Petroleum-led Tawteen program,…

27 Sep 2020

Congress Passes Bill Supporting Jones Act Enforcement in Offshore Wind

© Fokke / Adobe Stock

The U.S House of Representatives passed the Clean Economy Jobs and Innovation Act (H.R. 4447) aiming to reform U.S. energy policy and authorize significant investment in the transition to greater use of low-carbon energy.The legislation, which addresses a wide range of energy topics and initiatives, includes an amendment by Congressman John Garamendi (D-Calif.) which would enforce Jones Act requirements for all offshore wind development, construction, production and servicing.The amendment clarifies that the Outer Continental Shelf Lands Act…

25 Sep 2020

Canada Commits Nearly $240 Mln to Aid Offshore Oil Industry

© Stephen / Adobe Stock

Canada will spend C$320 million ($238.56 million) to support its offshore oil industry in Newfoundland and Labrador, which has struggled as coronavirus pandemic travel restrictions reduced demand, the government said on Friday.The funds are intended to support jobs and to lower greenhouse gas emissions from crude production, and could be used for maintenance, upgrades and environmental services, Natural Resources Minister Seamus O'Regan said St. John's.The money falls short of requests from the industry…

25 Sep 2020

Iran's Oil Exports Jump in September Defying Sanctions

© broccoli.studio / Adobe Stock

Iranian oil exports have risen sharply in September in defiance of U.S. sanctions, three assessments based on tanker tracking showed, throwing a lifeline to the Islamic Republic and its collapsing economy.Exports have shrunk from over 2.5 million barrels per day (bpd) since the United States withdrew from a nuclear deal with Iran and reimposed sanctions in 2018. Still, Iran has been working to get around the measures and keep exports flowing.Data from TankerTrackers and two other firms indicated exports are rising in September…

25 Sep 2020

Shell Books Amoureux Tanker to Load Crude at Libya's Zueitina Port

Amoureux tanker - Credit: Marjan Stropnik - MarineTraffic.com

Royal Dutch Shell has provisionally booked a tanker to load a crude cargo at Libya's Zueitina terminal on Oct. 3, potentially the first since January at the recently reopened port.The Amoureux tanker is expected to load a 1 million barrel cargo and then discharge in Singapore on Oct. 22, Refinitiv Eikon shipping data showed.Shell declined to comment on the booking.Libya's National Oil Corporation (NOC) lifted force majeure on crude loadings at the port on Sept. 22.The north African…

25 Sep 2020

OET Takes Delivery of Final Suezmax from Hyundai

Illustration only - An OET Tanker - Credit: OET

Greek oil tanker company Okeanis Eco Tankers has taken delivery of the Suezmax tanker Nissos Sifnos, concluding the company's newbuilding program.The Nissos Sifnos was delivered from South Korea's Hyundai Samho Heavy Industries in South Korea. The tanker has already started its three-year time charter with an unnamed oil company.This is the second (and final) Suezmax delivery this month from Hyundai for Alafouzos family-controlled Okeanis Eco Tankers after the company announced…

24 Sep 2020

'Oil Spot' Reported Near Decaying Tanker off Yemen

Satellite image ©2020 Maxar Technologies.

Saudi Arabia warned the U.N. Security Council on Wednesday that an "oil spot" had been seen in a shipping transit area 31 miles (50 km) west of a decaying tanker that is threatening to spill 1.1 million barrels of crude oil off the coast of Yemen.The Safer tanker has been stranded off Yemen's Red Sea oil terminal of Ras Issa for more than five years. The United Nations has warned that the Safer could spill four times as much oil as the 1989 Exxon Valdez disaster off Alaska.In a letter to the 15-member body, reviewed by Reuters, Saudi Arabia's U.N.

24 Sep 2020

Owner of Fire-hit Tanker to Pay $1.8 Mln for Sri Lanka's Help

(Photo: Sri Lanka Air Force)

The owners the New Diamond supertanker which caught fire with a cargo of two million barrels of oil aboard has agreed to pay 340 million rupees ($1.84 million) to Sri Lanka for its help in extinguishing the blaze and averting disaster.The interim claim is for services provided by the Sri Lankan navy, air force, ports authority and Marine Environment Protection Authority (MEPA) after the fire on Sept. 3 until Sept 15, said Nishara Jayaratne, coordination officer of Sri Lanka's Attorney General.Insurers of the vessel West of England will settle the bill…

24 Sep 2020

Schottel Thrusters for Russia-bound Ice-Breaking W2W Vessel

Credit;: Schottel

Dutch shipbuilder Royal Niestern Sander has ordered Schottel thrusters for what has been described as the world's first shallow-draught ice-breaking walk-to-work vessel, targeted for operation at the Russian Far East.Under the order from a joint venture between the Russian companies Mercury Sakhalin and Pola, Royal Niestern Sander is constructing the 75.9-meter-long, 14-meter-wide vessel that will serve the offshore oil and gas installations near the Sakhalin Island, Russia.After ordering an ice-strengthened gangway for the vessel form Ampelmann in June…

24 Sep 2020

Will Customers Redefine Design and the Science of Marine Propulsion?

First Harvest.

It is “pre-COVID ” April of 2018, and 174 member states of IMO adopt a new strategy to reduce greenhouse gases from shipping. The meetings are considered “urgent” and the target is to reduce carbon emissions in half by 2050. Prior to those “targets” shipping dealt with regulations to address SOx and NOx reductions. Most of which have resulted in limited success due to infrastructure problems and a consideration as a temporary fix.The technical world has responded with low sulfur fuels, LNG, and methanol to work towards the target.

23 Sep 2020

Sanmar Delivers Tug Pair to Scotland

Odin of Scapa and Thor of Scapa (Photo: Robert Allan Ltd.)

Earlier this month Sanmar Shipyards delivered a pair of Robert Allan Ltd. designed terminal support/escort tugs to Orkney Islands Council Marine Services, in Scotland. The unique and historical names Odin of Scapa and Thor of Scapa were chosen by a widely supported, local voting exercise launched by the Council in November of 2019. The two 32-meter newbuilds are replacing two of the three tugs currently operated by the owners.The RAstar 3200-SX tugs are purposely designed with…

23 Sep 2020

A Killing at Sea Implicates the Armed Forces in Lawless Venezuela

© Capt. Silverio Balbuena / MarineTraffic.com

Around midnight on February 23, Eulalio Bravo, a marine electrician, was dozing in his rack aboard the San Ramon, an oil tanker anchored off the coast of Venezuela.Suddenly, he heard footsteps pounding along the passageway outside. His captain, Jaime Herrera, cried for help."Be still!" an unfamiliar voice ordered.A gun fired.By the time Bravo and eight other shipmates emerged to see what had happened, the captain lay dead, a gunshot in the back of his head. Herrera's stateroom had been pillaged, drawers flung open, his bunk overturned.

23 Sep 2020

Two New Chinese Fast Ferries Taking Shape

(Image: Incat Crowther)

Construction is well progressed on a pair of 40-meter catamaran passenger ferries at AFAI Southern Shipyard, in the Peoples Republic of China, designer Incat Crowther said on Wednesday.To be operated by the Zhuhai Fast Ferry Company, the vessels will form the next generation of sleek, fast, low fuel consumption ferries operating in the Pearl River Delta region.The Incat Crowther-designed vessels will accommodate 199 economy passengers on a single deck with VIP passengers having a dedicated cabin on the upper deck.

23 Sep 2020

Mackay Opens Sales and Service Center in Cape Town

(Photo: Mackay Marine)

Mackay Marine announced Wednesday it has opened its newest marine electronics sales and service center in Cape Town, South Africa, following the acquisition of Dynamic Marine Systems (DMS) (Pty) Ltd.Specializing in nav/comm electronics, dynamic positioning systems (DP), and automation equipment, DMS serves high-seas, oil and gas, coastal, commercial fishing and naval customers. DMS’ staff have more than 100 years collective maritime and naval experience.“Expanding our global network to include South Africa has been a long-term goal for Mackay Marine” said Jeff Schlacks, President of Mackay.

23 Sep 2020

Hyundai Discussing Concessions with EU Regulators Over Daewoo Deal

© Genya / Adobe Stock

The world's biggest shipbuilder Hyundai Heavy Industries Holdings Co Ltd is discussing concessions with EU antitrust regulators to allay concerns over its $1.8 billion bid for rival Daewoo, people familiar with the matter said.The deal, in part a response to overcapacity in the sector, would reinforce the South Korean company’s top position with a 21% market share, and comes as rivals in China and Singapore make inroads.The European Commission, which opened a full-scale investigation into the deal last December on concerns it could inflate prices and reduce competition in cargo shipbuilding…

23 Sep 2020

First Tanker to Load Crude at Libya's Hariga Port Since January

© Owen Foley / MarineTraffic.com

An oil tanker is expected to load crude at Libya’s Marsa el-Hariga terminal this week, the first since a blockade by eastern forces in January slashed the OPEC member’s oil production to a trickle.The Delta Hellas tanker will enter Libya’s Hariga port on Wednesday and load 1 million barrels of oil from the port’s storage, the Arabian Gulf Oil Co which operates the port said in a statement.Eastern Libyan commander Khalifa Haftar said last week his forces would lift their eight-month blockade of oil exports, which depressed the OPEC member’s production down to around 100,000 barrel per day (bpd)

23 Sep 2020

Russian Navy Vessel Collides with Container Ship in Danish Waters

Ice Rose - Credit: pinko palinko - MarineTraffic

A Russian navy vessel collided with a Swiss-owned container ship in Danish waters on Wednesday near the Oresund Bridge linking Denmark and Sweden, Danish defense authorities told Reuters.The Ice Rose, which was sailing from St. Petersburg in Russia to Gothenburg in Sweden, collided with a Russian frigate early on Wednesday morning, a spokesman for the Joint Operation Centre said.He said the reason for the collision was not clear, but that the Russian vessel had permission to be…

23 Sep 2020

Singapore Eyes Electric Harbor Boats to Cut Emissions

Illustration - Credit: Photo Gallery/AdobeStock

Singapore is seeking proposals on the electrification of small vessels known as harbourcraft as the industry transitions towards a low-carbon future, the Maritime and Port Authority of Singapore (MPA) said in a joint statement on Wednesday.The MPA is working with the Singapore Maritime Institute (SMI) to seek proposals from industry participants and institutes of higher learning or research institutes to develop commercially ready fully-electric harbourcraft.They are also seeking…

22 Sep 2020

New Icebreaking Cruise Ship Design Unveiled

(Image: Knud E. Hansen)

Naval architecture and marine engineering firm Knud E. Hansen has introduced a new 144-meter-long icebreaking expedition cruise vessel design with accommodations for up to 300 passengers in 150 cabins.Designed to achieve a service speed of 17 knots in open water, and with the ability to operate in solid multi-year ice of 1.8m thickness, the vessel has diesel electric propulsion, and two azipod-units, each 7.5 MW. The six generators have a combined power of approximately 23 MW and are fueled by a combination of marine diesel oil (MDO), and natural gas (LNG).

22 Sep 2020

Fuel Choice is Key in Maritime Decarbonization - DNV GL

© Suphanat / Adobe Stock

Fuel choice is the essential decision as shipping charts a generational path to decarbonization, says DNV GL in its latest maritime forecast report.The industry is at the beginning of a transition phase, with many potential options emerging alongside conventional fuels. This increasingly diverse fuel environment means that engine and fuel choice now represent potential risks that could lead to a stranded asset. Factoring in the impacts of availability, prices and policy, on different fuels…

21 Sep 2020

Interview: Mike Fitzpatrick, Robert Allan Ltd.

Mike Fitzpatrick is president and CEO of Robert Allan Ltd. (Photo: Robert Allan Ltd.)

Robert Allan Ltd. is a consulting naval architectural firm, established in Vancouver, Canada in 1930. Mike Fitzpatrick has been a driving force in the company’s growth since joining the firm in 2003. As a key member of the initial employee ownership group, he was named president and CEO in 2015, responsible for corporate direction, business development, management of senior project managers, and project priorities, schedules and profitability. Fitzpatrick is a 1995 graduate of the University of New South Wales in Australia, with a Bachelor of Engineering in naval architecture.

21 Sep 2020

Mexico Seizes Ship Involved in Hydrocarbon Theft

© Valery Cherezov / MarineTraffic.com

Mexican authorities said on Sunday they had confiscated a vessel in the Gulf Coast state of Veracruz and a warehouse in neighboring Tabasco along with storage tanks and trucks used by criminal groups to steal, transport and store hydrocarbons.Fuel theft has been a problem in Mexico for decades but President Andres Manuel Lopez Obrador has enacted a range of measures to stamp out the practice and crush corruption and organized crime.State oil company Petroleos Mexicanos said in…

21 Sep 2020

Scorpio Bulkers Tries Wind in Hunt for Returns

(Image: Scorpio Bulkers)

Scorpio Bulkers, a major ocean transporter for the dry commodities industry, is tapping into increasing demand for renewable energy with an investment in the logistics of offshore wind farms, the group's chief executive said.The Monaco-headquartered company will invest between $265 to $290 million in a vessel that can install offshore wind turbines, Emanuele Lauro, chairman and CEO, told Reuters, part of a strategy to begin to diversify the group away from the transport of dry…

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