Oil And Gas Products News

Russian energy company Novatek said on Sunday it had been forced to suspend some operations at a huge Baltic Sea fuel export terminal due to a fire started by what Ukrainian media said was a drone attack.The giant Ust-Luga complex, located on the Gulf of Finland about 170 km (110 miles) west of St. Petersburg, is used to ship oil and gas products to international markets. It processes stable gas condensate - a type of light oil - into light and heavy naphtha, kerosene and diesel to be shipped by sea.It was not clear how long the disruption would last…

CapeOmega and Neptune Energy on Wednesday announced NoordKaap, a project concept for a cross-border CO₂ storage solution for industrial emitters across Europe. According to Neptune Energy, NoordKaap would involve transporting CO2 via vessels suitable for directly injecting the CO₂ at offshore locations and for terminal offloading. The two companies have signed a letter of intent with RWE to assess the possibility of shipping "green CO2" from RWE's biomass Eemshaven facility for offshore storage in the Dutch North Sea…

Nigeria will only allow cargo vessels that have been at sea for more than two weeks to dock in its ports to prevent the spread of coronavirus, President Muhammadu Buhari said on Thursday.Health experts fear a widespread outbreak in Africa's most populous country of 200 million people which could overwhelm its creaking healthcare system.Nigeria has closed its land borders and international airports in the last week to curb the spread of the virus.Buhari said on Twitter he had issued a directive that "only cargo vessels that have been at sea for more than 14 days be allowed to dock in our ports…

Oryx Energies, a provider of oil and gas products and services, has acquired the majority stake in South African Marine Fuels (SAMF), a bunkering company in Algoa Bay, Eastern cape, South Africa.Founded in 2016, SAMF is a woman-run enterprise with 100% South African staff operating at the only port in South Africa that has licensed offshore bunkering and ship service operations targeting both port calling ships and general passing traffic in this strategic location on the busy East-West routes."Thanks to its integration into Oryx Energies, SAMF will foster its active contribution to the local industry development and will pursue investing in local talents…

Indonesian state-owned energy company PT Pertamina and Petroliam Nasional Berhad (Petronas) of Malaysia have signed a Memorandum of Understanding (MoU) to develop oil and gas business – upstream and downstream, not only in Indonesia or Malaysia but also in other countries.As per MoU, Pertamina will swap crude produced in its Malaysian fields of Kikeh, Kimanis and Kidurong with crude from Petronas' Indonesian fields of Jabung and Ketapang, said a Reuters report quoting Pertamina sources.Meanwhile, Pertamina,  Jakarta-based state-owned oil and natural gas corporation, said in a statement that the two companies have also agreed to explore crude processing investment in East Asia and in other continents…

Hapag-Lloyd celebrated the official opening of its new office in Tema, the most important port city in Ghana. Beginning immediately, Hapag-Lloyd will manage all its activities in West Africa from this location. “I’m very pleased that our enhanced presence in West Africa is showing initial signs of success,” said Anthony Firmin, Chief Operating Officer (COO) of Hapag-Lloyd. “Our West Africa Express (WAX) service from and to West Africa has been operating with extraordinary success for several years and is very well received by customers. With our new East Africa Service (EAS), connecting Saudi Arabia with Kenya and Tanzania, we have entered another new trade. The GDP of West Africa has grown significantly in the last two years, rising by an average of 6 percent.

Press release - While August is generally slower for Seaway traffic, U.S. ports handled a range of project cargo for their customers. “During the month of August, high value project cargo was on the move throughout the Great Lakes-St. Lawrence Seaway System,” said Betty Sutton, Administrator of the Saint Lawrence Seaway Development Corporation. “Ships carried oversized cargo of wind components like towers, nacelles, blades and hubs; machinery, generators, and refinery equipment to the Ports of Cleveland, Toledo and Duluth. The 2015 shipping season has been a good year for project cargo shipments at the Port of Toledo. “Many of the project cargo shipments via the Seaway are in support of the regional oil and gas industry…

As the energy profile of the U.S. continues to improve and evolve daily, fresh debate in favor of exporting oil and gas products -- which would have a significant impact on the U.S. Maritime Trade -- are gaining steam. A new report from the Government Accounting Office (GAO) will surely add fuel to the "export oil" fire now, as GAO reports that U.S. consumers could save on gasoline if the ban on crude oil exports were lifted, even if such a move creates uncertain environmental risks. Allowing more domestic fuel to reach the global energy market would probably boost the national economy and ease the U.S. trade deficit, but other implications are less clear, the GAO said.

CEVA Logistics, one of the world’s leading global supply chain management companies, today announced the official opening of the City of Energy in the United Arab Emirates. The hub, which covers an area of 27,000 sqm of warehouse space and 10,000 sqm of yard space, is strategically located in Jebel Ali Free Zone in Dubai and is fully dedicated to the warehousing and handling of oil and gas products for the Energy sector. The cutting-edge logistics platform is unique in the Middle East, being the first logistics company with a facility dedicated solely to the oil and gas market. The City of Energy will house CEVA’s oil and gas customers and will be home to CEVA’s dedicated Oil & Gas and project logistics team.

Local equipment suppliers reap dividends, but there’s room for foreign businesses – if they know how to play. After huge oil finds in recent years, Brazil's need for offshore vessels continues to expand and could double between now and the end of the decade. Brazil's state-run oil company Petrobras wants to extract billions of barrels of oil while also developing its shipbuilding and service industries to create jobs. Meanwhile, Brazil is trying to use locally made vessels and equipment, but foreign companies are benefiting from the nation's oil bonanza too.

Caterpillar says their 3500C Diesel Electric Propulsion (DEP) generator sets have entered full production at the Piracicaba, Sao Paulo manufacturing facility, delivering on a commitment to offer superior Cat power solutions products to the burgeoning Brazilian offshore market. Within the past year, the company has achieved significant milestones in Brazil, most recently announcing the RBNA Classification Society Certification of the 3500C generator sets to meet local content regulations. “The demand for Cat power solutions in Brazil has paralleled the exponential growth in the Brazilian offshore market,” noted Gregg Macdonald, Brazil 3500 Program Manager. The 214,000 square-meter Piracicaba facility is Caterpillar’s second facility in Brazil and currently employs over 5,800 people.

Caterpillar announced that the RBNA Classification Society has certified the Cat 3500C diesel electric propulsion generator set packages to meet local content regulations in Brazil. RBNA, a division of ANP, certified that the 3500C products meet in excess of sixty percent local content. As announced previously, Caterpillar expanded operations in Brazil in third quarter 2011 to package marine and oil and gas products in the Piracicaba, Sao Paulo, Brazil facility. “As we continue to expand our marine and petroleum operations in Brazil, a central strategic goal we have is to maximize our local content,” said Gregg Macdonald, Brazil 3500 Program Manager.

Oman Shipping Company S.A.O.C. accepted delivery of a Very Large Crude Carrier (VLCC), SAMAIL, from Universal Shipbuilding Corporation, in Kawasaki city inJapan, becoming the 29th vessel to be operated by the company. The 300,000-dwt Panamanian flagged vessel SAMAIL measures 330 x 60 m with a draft of around 22 m. She will be the first VLCC to be technically managed "in house" by OSC’s subsidiary by Oman Ship Management Company S.A.O.C. in Muscat. With this addition, OSC now operates a diversified fleet of 29 vessels comprising of 10 VLCCs…

Ray Kranzusch has been appointed to the position of Product Manager, Oil and Gas Drills, for Atlas Copco Construction & Mining effective immediately. In his new role, Kranzusch will report directly to Scott Slater, Business Line Manager for Geotechnical Drilling and Exploration (GDE) and Atlas Copco Drilling Solutions – Oil and Gas. Most recently, Kranzusch served Atlas Copco’s Western Region in technical support for water well and oil and gas products. He brings 27 years’ experience working in the drilling industry to his new position.