Arctic Offshore Oil Drilling – Rosneft Plans Expansion
According to a report in 'Barents Observer' Rosneft will be the main partner of Statoil and Eni in the Barents Sea, where the new CEO has highlighted the importance of three grand projects in the Russian Arctic. Sechin, who was recently appointed new CEO of the state-owned oil giant, stresses that big projects like the one in the Barents Sea and the Kara Sea will be given special attention under his leadership. In a meeting with PM Dmitry Medvedev, Sechin maintained that the implementation of grand offshore projects like the ones in the Barents Sea, the Kara Sea an the Black Sea, will be a top priority along with the supply of oil products with stable prices to the Russian domestic market and the modernization of oil processing facilities.
KOTC Receives Giant Oil Tanker from S. Korea
According to a report from the Kuwait News Agency, Kuwait Oil Tanker Co. (KOTC) said it received a giant tanker from Daewoo Shipbuilding and Marine Engineering Co. The tanker, named Al-Salmi, can carry up to 1.2 million barrels of oil. Source: KUNA
Giant Fuel Oil Slick Threatens French Coast
Authorities along the length of France's Atlantic coast were on alert last Wednesday as a giant fuel oil slick slowly drifted south of Brittany, threatening an ecological disaster. Maritime officials said two navy ships were heading for the slick equipped with floating booms and giant vacuum cleaners to try to contain and pump the oil which escaped from the sunken Maltese-registered tanker Erika. Three more vessels, including a British ship also equipped with vacuum pumps, were scheduled to join them on Thursday and a Norwegian ship was due on Friday. Transport Minister Jean-Claude Gayssot said France had also asked for help from Germany and Spain. Despite the international response of equipment and personnel, stormy seas were threatening to hamper the pumping.
BP and Russia Sign Arctic Oil Deal
According to a Jan. 15 report from Aljazeera, BP has signed a joint venture with Russia's state-controlled energy giant Rosneft to explore for offshore oil and gas and in a deal that gives the UK company access to areas of the Arctic previously reserved for Russian companies. The British energy giant will swap five per cent of its shares, valued at $7.8b, for 9.5 percent of Rosneft in an agreement that immediately raised concerns about U.S. economic security from U.S. politicians and criticism from environmentalists. (Source: Aljazeera)
Blue Giant Named in Ceremony
Blue Giant, a ship with participation of the Mexican shipping company, Blue Marine, is capable of providing different products and services specialized for the offshore industry. Blue Giant has a large free deck area that allows containing repair and maintenance workshops of equipment from oil platforms. Likewise, it counts on surface and saturation diving equipment and a retention area for carrying out maintenance and repair tasks in the atmospheric and submarine area of the platform, as well as for maintenance and repair of submarine pipes. The vessel counts on a folding hatch on the stern and is capable of sinking its deck under the sea level for working as a dock containing up to 130-meter length vessels.
Putin Prioritizes Oil Platforms, Tankers
Russian President Vladimir Putin prioritized the construction of oil platforms and tankers in the shipbuilding sector. Projects are being implemented for the construction of platforms for the development of oil and gas fields on the continental shelf, and a definite class of tankers, Putin said, opening a meeting devoted to shipbuilding industry issues. Russia, which holds the world's largest natural gas reserves and is among the top 10 countries in terms of oil reserves, is implementing huge oil and gas field projects, particularly the Shtokman deposit off the Arctic shelf, and Sakhalin I and Sakhalin II off the Pacific shelf, that have been the focus of the world's leading investors.
The Next Oil Boom: Brazil’s Lula Field
According to a report from the Houston Chronicla, Brazil's quest to remake itself into a global oil superpower is gaining momentum on a giant ship anchored about 200 miles south of Rio de Janeiro in the deep waters of the Atlantic Ocean. Crews on a tanker-like vessel recently began extracting the first barrels of oil from a giant field known as Lula, more than three miles below. A vast network of nearby "pre-salt" reservoirs are estimated to hold 50 billion to 100 billion barrels of oil — enough to turn Brazil into one of the world's top five producers of crude. (Source: The Houston Chronicle)
China Oil Giant To Double Overseas Output
China's state oil giant China National Petroleum Corp. (CNPC) is expected to more than double its overseas oil output to around 120,000 barrels per day (bpd) this year, Chinese industry sources said on Wednesday. CNPC produced about 2.5 million tons of crude oil in 1999, or 51,000 bpd, up one third from the previous year. Overseas production increases this year would come primarily from the company's operations in Sudan where it is expected to reach 60,000 bpd, from Kazakhstan at 30,000 bpd, and Venezuela at 24,000 bpd, the sources said.
Petrobras, Exxon To Sign Brazil Oil Deals
Petrobras will reportedly sign two much-awaited oil exploration and production joint venture contracts with U.S. petroleum giant Exxon.
Eni Announces Production from Junín-5 Giant Heavy Oil Field in Venezuela
PetroJunín, joint venture formed by PDVSA (60%) and Eni (40%), has started production from the Junín-5 giant heavy oil field, located in the Faja del Orinoco, the area with the largest untapped hydrocarbon reserves in the world. The block is located 550 kilometers southeast of Caracas and covers an area of approximately 425 square kilometers. The Junín-5 block, currently under development, holds 35 billion barrels of oil equivalent (boe) of certified oil in place and is jointly…
Indonesia Nabs Elusive Criminal Fishing Boat
Indonesia, acting on a request from Interpol, has seized a fishing boat carrying 600 illegal gillnets that can stretch up to 30 km (18 miles) after it evaded capture in several countries, the Fisheries Ministry said. The vessel, the STS-50, had targeted Antarctic toothfish, the ministry said, a cod species that plays an important role in the Southern Ocean ecosystem. Gillnetting, which uses walls of finely meshed nets, has been banned in Antarctic waters since 2006 and is described by Australia as posing a huge risk to “almost all marine life”.
Vietnam Shipyard Builds Tanker for PetroVietnam
An affiliate of Vietnam shipbuilding giant Vinashin started work on the first of three 105,000 oil tankers under a contract last July with the state-run oil giant PetroVietnam. The $56m freighter to be 245m-long, 43m-wide and 20m-height will be built by Dung Quat Shipbuilding Industry Company and have state-of-the-art equipment satisfying latest international maritime conventions. The first will be handed over by the March of 2008, and the second and third by 2009 before the Dung Quat Oil Refinery goes on stream in 2009 – the first of its kind in the country which is now under construction in the central Quang Ngai Province. The company inked a $400…
Petroleos: Oil Output Is Fine
The president of Venezuelan state oil giant Petroleos de Venezuela (PDVSA) insisted he did not see any need for OPEC member countries to raise output to cool sizzling oil prices. With prices close to 10-year highs, pressure is growing on the oil cartel from consumer nations to agree to pump more oil at its next ministerial meeting in Vienna on Sept. 10. But PDVSA chief Hector Ciavaldini, reiterating a position expressed by other Venezuelan oil officials such as OPEC President Ali Rodriguez, said supply and demand of crude oil on world markets was well balanced.
New Ro/Ro Facility Coming to Alabama
Plans are in motion to develop a new vehicle processing roll-on/roll-off (RO/RO) facility at Alabama’s Port of Mobile in the U.S.Today in Buenos Aires, Argentina, the Alabama State Port Authority signed a Memorandum of Understanding with AutoMobile International Terminal, a joint venture of Terminal Zárate S.A. and SAAM Puertos S.A., to develop and operate the new $60 million facility, which is expected to be completed in 2019.The agreement marks a giant step forward in supporting automotive logistics in the Americas and abroad…
Rosneft Takes First Shipment of Kurdish Oil
Russian state oil giant Rosneft will buy its first shipment of oil from Iraq's Kurdistan in early April, becoming the first oil major to take Kurdish crude directly into its refining system, trading sources said on Friday. The shipments aboard tanker Minerva Sophia will sail from the Turkish Mediterranean port of Ceyhan to Italy's Triest, from where the oil can be taken by pipeline to Rosneft's refineries in Germany. (Reporting by Dmitry Zhdannikov)
Iran Charters 550,000 ULCC
Iran has chartered a 555,000 dwt ULCC for floating oil storage to replace two VLCCs, tanker brokers said. The 1979-built Sea Giant is scheduled to be delivered in mid November for stationing off Kharg Island to replace the VLCCs Mountain Cloud (285,000 dwt) and Union (275,000 dwt) which will apparently be redelivered. The Sea Giant has been taken by the National Iranian Tanker Company (NITC) at around $15,750 a day on a monthly basis for up to 150 days, brokers said. After chartering a number of vessels over the summer NITC now has a fleet of 14 vessels, four of which are its own, with a combined storage capacity of around 5.24 million tons.
Kidnappers Attack Plant, Navy Ship
Militants holding nine foreign hostages in southern Nigeria attacked another oil facility today and blew up a military vessel in ongoing violence that has cut about 20 percent of crude production in Africa's oil giant. The Movement for the Emancipation of the Niger Delta attacked a Shell-operated pipeline switching station and a navy vessel in the oil-rich southern region. Nigeria is reeling from weekend attacks in which militants blasted pipelines and sabotaged a key oil loading terminal belonging to Royal Dutch Shell, forcing the company to halt the flow of about 455,000 barrels a day. (Source: Scotsman)
Oil spill Trims U.S. Offshore Natural Gas Supply
According to a May 2 report from Reuters, the government said on May 1 that two offshore production platforms in the Gulf of Mexico were shut as a safety precaution, the first sign that the giant oil slick was affecting the region's energy production. But analysts said the location of the spill was well east and north of the heart of the region's oil and gas production, which accounts for about 15 percent of U.S. natural gas supply and 25 percent of crude oil output. (Source: Reuters)
Kazakhstan's Kashagan Ships First Oil for Export
The first batches of oil from the giant Kashagan oil field in Kazakhstan were shipped for export on Friday via two pipelines, the Central Asian nation's Energy Ministry said. Energy majors developing the field have shipped 7,700 tonnes of oil through the private CPC pipeline and 18,800 tonnes through a pipeline operated by state-controlled firm KazTransOil, it said in a statement. (Reporting by Raushan Nurshayeva; Writing by Olzhas Auyezov; Editing by Alexander Winning)
Rusal Suspends Exports via Russia's Biggest Container Operator
Russia's largest freight container operator, TransContainer said on Tuesday Russian aluminium giant Rusal had suspended exports through TransContainer's system after Rusal was hit by U.S. sanctions "They (Rusal) do not know what to do yet, what is going on with them; that is why all transportation operations are suspended," TransContainer's chief executive Petr Baskakov told reporters in Moscow on Tuesday.According to his estimate, Rusal had been shipping 25-30 percent of its exports via TransContainer.
CMA CGM Welcomes IMO Policy to Cut Carbon Emissions by 50% in 2050
A world leader in maritime transport CMA CGM reaffirmed its commitment towards the protection of the environment following the International Maritime Organization (IMO)’s historic decision aimed at reducing by 50% the industry’s CO2 emissions in 2050. "The CMA CGM Group welcomes the adoption, by member countries of the IMO, of a strategy aimed at reducing carbon emissions by 50% in 2050 in the maritime transport industry," said a press statement. The CMA CGM Group is already strongly…
Oil Giants Rally To Landmark Brazil Auction
International oil companies reportedly rallied to Brazil's first-ever oil exploration auction, putting up a surprisingly high $93 million for the right to explore in just four areas on the first morning of a two-day bidding round.
North Sea Tanker Sent to Gulf Spill
According to a June 11 report from The Age, BP is sending a giant oil tanker from its North Sea operations off the Shetland Islands to help with the clean-up operation in the Gulf of Mexico as thousands of barrels of oil collected from its leaking well on the ocean floor threaten to overwhelm the capacity of its US vessels. The move came as the company revealed it had spent about $1.43b on efforts to contain the oil spill and related costs. (Source: The Age)