Oil News

04 Mar 2021

Hybrid Accommodation Vessel MWV Falgout Delivered

MWV Falgout (Photo: VOS)

The Chinese-built hybrid accommodation vessel MWV Falgout has been delivered to end client Brunei Shell Petroleum.The 80-meter vessel, a new purchase for Bruneian owners JISCO Marine Sdn Bhd, will be employed on long-term charter for the Bruneian oil and gas company. The ship was officially accepted into charter on February 17.Vroon Offshore Services (VOS) Singapore secured a two-year ship management contract for the vessel at the end of 2020, though the company said early months of the project involved taking delivery of MWV Falgout in China…

04 Mar 2021

Norwegian Seismic Firm Reactivates Vessels Citing Pick Up in Activity

Credit: PGS

Norway-based marine seismic surveyor PGS said Thursday it was experiencing an increase in seismic acquisition project activity, and that it would reactivate some previously stacked vessels."Based on project awards so far, PGS has started preparations to activate Ramform Vanguard for the summer season, with the acquisition expected to commence in April," PGS said.In addition, the company said it would activate the Sanco Swift vessel to be used as a source vessel for at least three months on awarded projects.To remind…

03 Mar 2021

Sunken Vessel Leaks Oil Near Sitka, Alaska

The submerged 52-foot fishing vessel, Haida Lady, surrounded by boom, February 26, 2021. Coast Guard Sector Juneau personnel received a report that the vessel sank. - U.S. Coast Guard photo by MSD Sitka personnel (Photo: Alexandria Preston / U.S. Coast Guard)

The U.S. Coast Guard is responding to a report of a diesel fuel discharge after a vessel sank near Sitka, Alaska.Sector Juneau personnel received a report, February 26, that the 52-foot fishing vessel Haida Lady sank and was completely submerged between Cobb Island and Silver Point south of Sitka. The vessel reportedly discharged an unknown amount of unrecoverable diesel near Cobb Island.Hanson Marine has been contracted by the Coast Guard to mitigate pollution and recover the vessel. The source of the discharge was secured on February 28.

03 Mar 2021

Thai Navy Scrambles to Save Cats from Sinking Ship

(Photo: Wichit Pukdeelon / Royal Thai Navy)

Thai navy sailors braved choppy waters to launch a dramatic rescue this week after discovering four cats had been abandoned on a sinking ship that caught fire off a paradise island.After the crew had been taken to safety on Tuesday, the navy was sent to the site of the capsized vessel to check for an oil spill, but discovered a few crew members had been forgotten.“I used my camera to zoom in to the boat, and I saw one or two cats popping their heads out,” said First-Class Petty Officer Wichit Pukdeelon of the navy’s air and coastal defense division.A sailor in a life vest swam out to the capsi

03 Mar 2021

Israel Says It Tracked Down the Ship Linked to Recent Oil Spill

© Graham Flett / MarineTraffic.com

Israel accused Iran on Wednesday of being linked to a recent oil spill off its shores that caused major ecological damage, calling the incident environmental terrorism.The spill was caused by an oil tanker that was carrying pirated cargo from Iran to Syria last month, Israeli Environmental Protection Minister Gila Gamliel said.The vessel sailed through the Gulf and the Red Sea without radio contact, switching its tracking devices back on before passing through Egypt's Suez Canal…

03 Mar 2021

Baltic Exchange Adds LNG Powered Seaborne Gas Assessments

© Björn Wylezich / Adobe Stock

A new set of independent indices for the liquified natural gas (LNG) seaborne trade went live this week (2 March), based on the carriers burning LNG, rather than marine fuel oil or marine gas oil, as their primary fuel.Published twice weekly, the new indices have been given the acronym (BLNGg) and will be published alongside the current LNG indices which are based on LNG carriers burning Very Low Sulphur Fuel Oil (VLSFO). Historical data for the new indices will be available dating…

03 Mar 2021

Cavusoglu: Turkey, Egypt Could Sign Maritime Demarcation Deal

Turkish Foreign Minister Mevlut Cavusoglu / Credit: Turkish Foreign Ministry

Turkey and Egypt could negotiate and sign a maritime demarcation deal in the eastern Mediterranean if their ties, which have been strained, allow for such a move, Turkish Foreign Minister Mevlut Cavusoglu said on Wednesday.Ties between them have been frosty since Egypt’s army ousted Muslim Brotherhood President Mohammed Mursi, an ally of President Tayyip Erdogan, in 2013. They have also been at odds over maritime jurisdiction and offshore resources, as well as differences in Libya…

03 Mar 2021

Oil Spill Response Vessel Converted Into a Pilot Station

(Image: JMS Naval Architects)

JMS Naval Architects informs conversion work is nearly completed of the former oil spill response vessel OSRV Maine Responder to a pilot station vessel for Sandy Hook Pilots Association of Staten Island, N.Y. The conversion work contract was competitively awarded to Feeney Shipyard of Kingston, N.Y.The Sandy Hook pilots have been piloting ships in the New York harbor for more than 300 years. They operate a pilot station boat by Ambrose Light year-round and in all weather conditions.

03 Mar 2021

Petronav Carriers Charters MR Tanker

© Mariusz / Adobe Stock

Petrogress, Inc., a fully integrated oil commodity business that primarily serves the Mediterranean and West Africa, announced that its wholly owned subsidiary Petronav Carriers LLC on February 17, 2021, entered into a long-term lease agreement (TCH) of an FKAB MR tanker.The TCH anticipates the long-term (four years) lease of a 38,000 DWT oil products and chemical tanker, with an option to lease one more MR tanker within the next two months. The vessel is IMO type II, carrying oil products and chemicals…

03 Mar 2021

DOF Sells Platform Supplier Skandi Texel

Skandi Texel - Credit.W.J. Soeters/MarineTraffic.com

Norwegian offshore vessel owner DOF Rederi AS, a subsidiary of DOF, has sold the platform supply vessel Skandi Texel.DOF said Wednesday that the vessel had been sold to a Norwegian company. It did not say who the buyer was exactly, but it did say that the vessel would leave the oil services sector."The vessel will be delivered to the new owner with immediate effect and will depart from the oil service sector after the sale. The gain from the sale is approximately NOK 12 million."Skandi…

02 Mar 2021

Venezuelan Oil Exports Rise on Larger Sales to Asia

© Francis / Adobe Stock

Venezuela’s oil exports rose in February to over 700,000 barrels per day (bpd), their highest level in 10 months, pushed by more sales of fuel oil cargoes to new clients in Asian markets, according to Refinitiv Eikon’s tanker tracking data and documents.A growing number of clients with no track record in oil trading has been helping Venezuela’s state-run PDVSA to allocate crude and fuel in Asia, especially since the U.S. Treasury Department halted oil swaps by PDVSA’s long-term customers in the last quarter of 2020 as part of tightening sanctions.These buyers…

02 Mar 2021

ClassNK Releases new PrimeShip-HULL (HCSR) Software

ClassNK released the latest version of its design support software PrimeShip-HULL (HCSR) Ver.8.0.0 developed in response to the IACS Common Structural Rules for Bulk Carriers and Oil Tankers (CSR BC & OT). The new version incorporates the latest rule amendments to CSR BC & OT including the ones based on feedback from the industry. In addition to the incorporation of the latest rule amendments, various functional improvements are implemented to PrimeShip-HULL (HCSR), which is composed of the prescriptive calculation software and direct strength assessment software, aiming to contribute to the efficiency of design work. In particular,…

02 Mar 2021

Fishermen Turn to Apps and AI to Tackle Climate Change

© ducgiang1206 / Adobe Stock

From weather predicting apps to using artificial intelligence to monitor the fish they catch, small-scale fishermen and coastal communities are increasingly turning to digital tools to help them be more sustainable and tackle climate change.Overfishing and illegal fishing by commercial vessels inflict significant damage on fisheries and the environment, and take food and jobs from millions of people in coastal communities who rely on fishing, environmental groups say.In addition…

03 Mar 2021

ABS: U.S. Offshore Wind Vessel Demand Set to Soar

Credit: hro1980/AdobeStock

It's no longer news that the U.S. is set to become the next big offshore wind market, with an IEA 2019 report forecasting 40 GW of installed offshore wind capacity in the country by 2040, which will require a $100 billion investment.To meet this expected growth, both in the fixed-bottom wind farms and the floating wind farms, the U.S. market will require a large amount of wind farm support vessels of various types, with the current fixed-bottom wind turbine installation fleet non-existent, and the foreign-flagged vessels not an option, for the most part.

01 Mar 2021

Israel Widens Search for Oil Spill Culprit After Ruling Out Ship in Greece

© tonguy324

Israel on Sunday broadened its search for the ship behind an oil spill that blackened its beaches with tar after investigators ruled out one of the suspected tankers.An Israeli team, in coordination with Greek authorities, carried out a surprise inspection of the Minerva Helen while it was docked at Athens’ Piraeus port. The ship is no longer suspected of being responsible for the spill, said Israel’s Ministry of Environmental Protection.Minerva Helen’s operator had denied any…

01 Mar 2021

Car Carrier Helios Ray in Dubai for Assessment After Explosion

© Katsumi Yamamoto / MarineTraffic.com

An Israeli-owned ship hit by an explosion in the Gulf of Oman strategic waterway has arrived at a port in Dubai, where is it is due to be assessed in dry dock.The MV Helios Ray, a vehicle-carrier ship, was hit overnight between Thursday and Friday by a blast above the water line that a U.S. defence official said ripped holes in both sides of its hull.Israel’s defense minister on Saturday said that an initial assessment had found that Iran was responsible for the explosion. There was no immediate comment from Iranian officials.The blue and white ship is now berthed in Dubai’s Port Rashid…

01 Mar 2021

One-third of Hin Leong Founder's Ships Sold to Pay Down Debt

© Phillippe Guichot / MarineTraffic.com

About one third of the roughly 150 ships owned by companies controlled by Singapore tycoon Lim Oon Kuin and his family have been sold as part of efforts to repay billions of dollars of debt owed to creditors, two sources told Reuters.Accounting firm Grant Thornton, court-appointed supervisor of Xihe Holdings, put up several vessels for sale through shipbrokers in September last year. Xihe Holdings is owned by the Lim family and held the bulk of their fleet.The rest of the ships…

01 Mar 2021

ENERGY: Oil Rises on Vaccine Optimism, U.S. Stimulus

© frank peters/AdobeStock

Oil prices open March 2021 on a strong note, supported by optimism about COVID-19 vaccinations, a U.S. stimulus package and growing factory activity in Europe despite coronavirus restrictions.Brent crude was up 63 cents or 1% at $65.05 a barrel by 1150 GMT, and U.S. West Texas Intermediate (WTI) crude jumped 62 cents or 1% to $62.12 a barrel. Both contracts finished February 18% higher."The three major supportive factors are the prevalent vaccine rollouts, the optimism about economic growth and the view that the oil balance will get tighter as a result of the first two points…

01 Mar 2021

Machado Named MD at Maersk Training UK

Maersk Training UK (MTUK) has appointed a new managing director as the company looks to expand its offering to the North Sea energy sector. Leonardo Machado joins MTUK having previously been managing director of the company’s operations in Brazil for six years. Machado played a key role in developing training for the wind and production industries, as well as expanding service solutions for the firm.With plans in place to grow and expand the business in the UK, Machado is aiming…

26 Feb 2021

Solstad's PSV, AHTS Secure Australia Contracts

Solstad Offshore, a Norway-based offshore vessel operator, on Friday said it had won contracts for the vessels Normand Ranger and Far Seeker in Australia.The Normand Seeker, a large AHTS, has been awarded a contract in Australia with the start slated for the second quarter of 2021.The anchor handler vessel will mobilize from Norway and will then provide support to a major drilling campaign offshore North-Western Australia, securing about one year of utilization for the vessel…

26 Feb 2021

Demand for Oil-based Marine Fuels to Fall as Ships Cut Emissions

Illustration; Image by Lina
/AdobeStock

Global demand for oil-based marine fuels is set to fall in the next three decades as stricter carbon emissions rules for the shipping industry kick in and alternative fuel use climbs, consultancy Wood Mackenzie said on Friday.The U.N.'s International Maritime Organization (IMO) is set to formally adopt energy efficiency regulations in June that aim to reduce the carbon footprint of new and existing ships by 40% by 2030 compared with 2008 levels.By 2050 the IMO aims to reduce the…

26 Feb 2021

C-Innovation Invests in Covid-19 Mitigation on its Offshore Construction Vessels

Photo: Mako Industries

Mako Industries signed an agreement with C-Innovation to mitigate the spread of Covid-19 on its offshore construction vessels, beginning with the 168-m Island Venture. Mako uses Puradigm to combat air and surface contaminants safely in populated environments 24/7, and it has capabilities for managing projects for existing facilities and new construction, with service recently made available for the oil and gas, healthcare, industrial, commercial and higher education markets.Click HERE to read related story on Mako Industries“We are pleased to have selected Mako’s Covid Mitigation system…

26 Feb 2021

Vehicle Carrier Ship Hit by Explosion in Gulf of Oman

© Uwe Benn / MarineTraffic.com

An Israeli-owned ship, the MV HELIOS RAY, was hit by an explosion in the Gulf of Oman overnight Thursday and a U.S. defense official said the blast left holes in both sides of the vessel's hull. The cause was not immediately clear.The vehicle-carrier ship is owned by a Tel-Aviv based company called Ray Shipping through a company registered in the Isle of Man, according to a U.N. shipping database."Investigations are ongoing. Vessel and crew are safe," the United Kingdom Maritime Trade Operations (UKMTO) said in an advisory notice on Friday.

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