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Thursday, March 28, 2024
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Oil Well News

27 Mar 2024

Pilot Called for Tugboat Help Before Baltimore Bridge Disaster

Source: US Army Corps of Engineers

The pilot of the container ship that knocked down a highway bridge into Baltimore Harbor had radioed for tugboat help and reported a power loss minutes earlier, federal safety officials said on Wednesday, citing audio from the ship's "black box" data recorder.The head of the National Transportation Safety Board also said that Francis Scott Key Bridge, a traffic artery over the harbor built in 1976, lacked structural engineering redundancies common to newer spans, making it more…

27 Mar 2024

Divers Recover Two Bodies After Baltimore Bridge Collapse

Satellite image ©2024 Maxar Technologies.

Divers on Wednesday recovered the remains of two of the six workers missing since they were tossed into Baltimore Harbor from a highway bridge that collapsed into shipping lanes when a faltering cargo freighter rammed into the structure, officials said on Wednesday.The bodies were pulled from the mouth of the Patapsco River a day after the massive container ship lost power and its ability to maneuver before plowing into a support pylon of the Francis Scott Key Bridge, knocking…

27 Mar 2024

Authorities Warned of Ship Approach Moments Before Baltimore Bridge Collapse

(Photo: David Adams / U.S. Army Corps of Engineers)

Federal investigators on Wednesday examined the cargo ship that crashed into a Baltimore bridge while emergency teams searched for bodies and details emerged of the intense efforts to save lives in the minutes before the steel span collapsed."Hold all traffic on the Key Bridge. There's a ship approaching that just lost their steering," someone said on police radio minutes before the 1:30 a.m. crash on Tuesday.While voices were heard discussing next steps, including alerting any work crews to leave the bridge…

27 Mar 2024

Brazilian Built Submarine with French Tech Launched

(Photo: Naval Group)

The presidents of France and Brazil on Wednesday launched a submarine built in the South American country with French technology in a program that aims to build Brazil's first nuclear-powered submarine by the end of the decade.Presidents Emmanuel Macron and Luiz Inacio Lula da Silva attended a ceremony in the Itaguai shipyard near Rio de Janeiro, launching the third diesel-powered submarine built in a $10 billion partnership.Brazil first lady Janja da Silva smashed a champagne…

26 Mar 2024

OCIMF Updates Drug and Alcohol Guidelines

Source: OCIMF

The Oil Companies International Marine Forum (OCIMF) has published an updated information paper, Guidelines for the Control of Drugs and Alcohol in the Maritime Industry (2024).The paper aims to provide general guidance and recommendations for the maritime industry (operators of tankers, barges, offshore vessels and terminals associated with the ship-shore interface) in developing and implementing controls for the use of drugs and alcohol.In the guidelines, drug and alcohol use includes the use of prescribed and over-the-counter medication…

26 Mar 2024

Shipping Industry Faces Fuel Dilemma in Bid to Cut Emissions

© Yellow Boat / Adobe Stock

The shipping industry is under increasing pressure to decarbonize, but unclear regulatory guidelines, including around what sorts of cleaner fuels large vessels should run, is complicating that path to net zero, according to executives.Global shipping firms are looking for ways to lower their carbon footprints, particularly as the International Maritime Organization (IMO), which regulates the global shipping industry, is being pushed to implement a charge on the sector's greenhouse gas emissions.The IMO's Maritime Environment Protection Committee concluded its 81st meeting last week…

25 Mar 2024

Demopolis: A Cautionary Tale for Increased Infrastructure Investment

Demopolis Lock—which suffered a recent catastrophic failure—is a cautionary tale for other locks and those in Congress and the White House who may fail to see the urgency and importance of investing in the inland waterways system. (Photo: Chuck Walker / U.S. Army)

Demopolis Lock—which suffered a recent catastrophic failure—is a cautionary tale for other locks and those in Congress and the White House who may fail to see the urgency and importance of investing in the inland waterways system.The nation’s inland waterways lock and dam infrastructure, largely constructed in the 1930s, has seen modernization and rehabilitation across the system, albeit very slowly. Despite those efforts, lock failures continue, and the risk of failure persists.While…

25 Mar 2024

Baltic Dry Index Slips to Three-week Low

© aerial-drone / Adobe Stock

The Baltic Exchange's main sea freight index fell to over a three-week low on Monday, weighed down by weakness in the capesize and panamax vessel segments.he overall index, which factors in rates for capesize, panamax and supramax shipping vessels, fell for the fifth straight session by 73 points, or 3.3%, to 2,123 points.The capesize index lost 187 points, or 5.4%, at 3,295, its lowest level since Feb. 27.Average daily earnings for capesize vessels, which typically transports 150…

25 Mar 2024

ABS Head Wiernicki Sees Global Carbon Tax on Shipping on the Horizon

© Kara / Adobe Stock

ABS chairman and CEO, Christopher J. Wiernicki, said he sees a universal, global carbon tax on shipping on the horizon, as alternative blue fuels made with carbon capture emerge as a growing part of the maritime industry's ongoing energy transition.“We need to recognize that there is an intermediate step in the energy transition,” Wiernicki said during an appearance at the CERAWeek energy conference. “Last year the conversations were focused on going from oil to a green fuel economy.

25 Mar 2024

Surface Effect Ship Designed for Crew Transfer Vessels

Source: Strategic Marine

ESNA and Strategic Marine have signed an agreement to develop a SES CTV (Surface Effect Ship Crew Transfer Vessel) for offshore wind applications.According to Wikipedia, a surface effect ship or sidewall hovercraft is a watercraft that has both an air cushion, like a hovercraft, and twin hulls, like a catamaran.The vessel type offers the combination of higher speed, increased operational wave height and reduced fuel oil consumption.The plan is to start building the first offshore…

24 Mar 2024

ICS Responds to MEPC81 Outcomes

Source: IMO

The International Chamber of Shipping (ICS) has issued a statement following the conclusion of the IMO Marine Environment Protection Committee (MEPC81) Meeting last week.“We welcome the progress made during these intensive negotiations to achieve net zero emissions from shipping, and the support received from around 60 Member States for a flat rate contribution system per tonne of GHG. The purpose of the proposed system, put forward by the ICS, is to reduce the cost gap and incentivise the accelerated uptake of green marine fuels…

24 Mar 2024

Esgian Week 12 Report: New Finds in Guyana, China and Norway

© bomboman / Adobe Stock

Esgian reports fresh finds confirmed in Guyana, China and Norway in its Week 12 Rig Analytics Market Roundup.Report Outline:ContractsDolphin Drilling has announced the award of a $154 million drilling contract from India's exploration and production company, Oil India Limited (Oil India), to the 6,000-ft semisub Blackford Dolphin.Malaysian offshore drilling firm Velesto confirmed Friday it had recently secured long-term contract extensions for three of its jackup rigs with Petronas Carigali…

24 Mar 2024

US Forces Engage Six Houthi UAVs

© sommersby / Adobe Stock

U.S. forces engaged six Houthi unmanned aerial vehicles (UAV) over the southern Red Sea after the group launched four anti-ship ballistic missiles toward a Chinese-owned oil tanker, the U.S. Central Command said on Saturday.Iranian-backed Houthis launched the missiles in the vicinity of M/V Huang Pu, a Chinese-owned oil tanker, the Central Command said in a post on X.A fifth missile was fired toward the oil tanker, which issued a distress call, the Central Command said, adding that no casualties were reported in the incident and a fire on board was extinguished.U.S.

22 Mar 2024

Sanmar Delivers Compact Harbor Tug to Port of Bayonne

(Photo: Sanmar)

Sanmar has delivered a compact RAscal 1500 ASD tug to CCI Bayonne Pays Basque, which manages the Port of Bayonne in France.Based on the RAscal 1500 design series from Canadian naval architects Robert Allan Ltd, Göksu V is 14.95 meters long with a molded breadth of 8.3 meters and a least molded depth and navigational draft of 3 meters. It can achieve 16 tons of bollard pull and a speed of 10 knots.Göksu V is an ASD tug that has been specifically designed and developed for ship-handling in modern, but typically smaller harbor and port operations.

21 Mar 2024

Study Demonstrates Need for New Fire Safety Rules for Methanol-Fueled Ships

Source: Survitec

A new fire safety study by survival technology solutions provider Survitec finds that existing fire-fighting methods used to extinguish machinery space spray and pool fires on conventionally fueled vessels are inadequate when dealing with methanol-based fires.This follows extensive comparative fire tests on dual-fuel marine engines using diesel oil and methanol.“Our tests confirm that traditional water mist fire suppression mechanisms do not perform as expected on methanol pool fires and methanol spray fires.

21 Mar 2024

China Grain Imports Near Record High

Cereal and oilseed imports to China, the world's biggest buyer of farm goods, will remain near record highs this year despite a recent spate of cancellations as lower global prices and a domestic output shortfall prompt purchases.China's wheat imports from Australia in January and February this year have nearly quadrupled from the same time last year, the latest customs data show. That trend should continue even after Beijing cancelled or postponed 1 million metric tons of Australian wheat last week.The cancellations, along with those for about 500,000 tons of U.S.

20 Mar 2024

Petrobras Exec Says Gas Export Possible from Colombia Project

© passarut / Adobe Stock

A promising area off Colombia's coast where Brazil state-run Petrobras is drilling this year could justify a large project to supply natural gas to the Andean country and for exports, Petrobras' head of exploration and production said on Wednesday.As oil production in Brazil's prolific presalt region is set to plateau in coming years, Petrobras is expanding its horizons to new frontiers including the Equatorial Margin, Colombia and Africa.At Colombia's Tayrona block, Petrobras…

20 Mar 2024

Shipping Companies Turn to Longer-Term Leases as Tanker Supply Tightens

© Vladimir / Adobe Stock

Rising oil tanker chartering rates due to global shipping disruption are forcing oil shippers to take on longer-term shipping charters, executives said this week at an energy conference in Houston.The global oil tanker fleet must now travel further to get crude to refineries and fuel to consumers. European sanctions have forced Russian exporters to send oil to Asia that would have otherwise gone to Europe. Attacks on vessels in the Red Sea have forced some shippers to sail around…

19 Mar 2024

Euronav to Exit Belgium's Blue-chip Index Two Days After Joining

© Björn Wylezich / Adobe Stock

Tanker company Euronav will exit Belgium's blue-chip Bel-20 index after just two days of trading, as it no longer meets the membership conditions after its takeover by Compagnie Maritime Belge (CMB), bourse operator Euronext said on Tuesday.CMB, owned by the Saverys family, and affiliates together hold 88.61% of the outstanding shares in Euronav, which exceeds the maximum allowed for the index."The Bel 20 rulebook prescribes that should the acquiring party own more than 85% of the shares, the company being acquired will exit the index," Euronext said.Belgium's Euronav announced in October that

20 Mar 2024

Unidentified Gunmen Open Fire at Pakistan's Gwadar Port, Two Attackers Killed

(Photo: Saadsuddozai / CC BY-SA 4.0)

Unidentified gunmen opened fire at Pakistan's Gwadar port authority complex in its restive Balochistan province, Geo News reported on Wednesday.Two attackers were killed in retaliatory firing by security personnel, the TV channel said, adding that a blast preceded the firing.Gwadar’s deputy commissioner and police did not immediately respond to requests for comment.Gwadar is located near the Strait of Hormuz, a crucial oil shipping route in the Arabian Sea.The deep-water port…

19 Mar 2024

World’s First Floating Wind Innovation Centre Opens

Source: ORE Catapult

The world’s first dedicated innovation centre for floating offshore wind has opened in Scotland.Located in the heart of Aberdeen’s Energy Transition Zone, ORE Catapult’s £9 million National Floating Wind Innovation Centre (FLOWIC), delivered in collaboration with ETZ Limited, is designed to help supercharge the development of floating offshore wind technology in the UK, with funding from both the Scottish Government and Innovate UK.Floating offshore wind represents a huge economic opportunity…

20 Mar 2024

Reach Subsea Extends Olympic Taurus Charter and Orders Two ROVs

Olympic Taurus vessel (Credit: Olympic Subsea)

Norwegian company Reach Subsea has extended the charter for the Olympic Taurus subsea vessel and ordered two new Constructor-type remotely operated vehicles (ROVs) from Kystdesign.Back in February, Reach Subsea announced a 100-day project charter for the subsea vessel Olympic Taurus, with extension options for 2+1+1 years.The company has now extended the charter for an additional two years and retain options for another 1+1 years."With a solid backlog and substantial tender pipeline for the coming periods…

20 Mar 2024

Reliance Refusing Sovcomflot Oil Shipments

© momentscatcher / Adobe Stock

India's Reliance Industries, operator of the world's biggest refining complex, will not buy Russian oil loaded on tankers operated by shipping company Sovcomflot (SCF) after recent U.S. sanctions, according to two sources familiar with the matter.The development adds to oil export problems for Russia as its oil firms may face difficulties finding ships to sell surplus oil after recent Ukrainian drone attacks on the state's refineries. Russian companies are already struggling to collect payments for oil exports due to banking restrictions.The U.S.