Production News

 

Guyana's Shore Base Project Could Cut Shipping Costs by About 12%

Feb 16, 2023

Companies working on a $300 million logistics facility in Guyana that will support offshore oil operations said on Wednesday the shore base will help reduce shipping costs for supplies by as much as 12% by allowing larger supply vessels to dock.A consortium consisting of U.S. companies Exxon Mobil Corp and Hess Corp and China's CNOOC began production in Guyana in 2019 and has ramped up output since…

Exxon Considers Selling Stake in LNG Terminal Offshore Italy

Mar 16, 2023

Exxon Mobil Corp is considering selling its majority stake in Italy's main regasification terminal as part of a wider strategy to divest from non-core assets, the company said in a statement on Wednesday. The Rovigo liquefied natural gas (LNG)…

Gastrade Sees Decision On Second LNG Terminal This Year

Feb 23, 2023

Greece’s Gastrade said on Thursday it expects to take a final investment decision on developing a second gas floating storage and regasification unit (FSRU) off the country’s northern port of Alexandroupolis by the end of the year.With Europe…

OPINION: Professor Richey says Biden Administration Needs to Work with Oil & Gas Industry

Jun 09, 2022

Glenn Richey, the Raymond J. Harbert Eminent Scholar and chair of the Department of Supply Chain Management in Auburn University’s Harbert College of Business, comments on record gas prices and how the Biden administration needs to work with…

Cruise Line Azamara Adds New Vessel to Its Fleet

May 03, 2022

Cruise line Azamara has officially added Azamara Onward vessel to its now four-ship fleet on Tuesday, following a festive naming ceremony in Monte Carlo. The christening ceremony was led by the President of Azamara, Carol Cabezas, and Azamara Onward Godmother…

Exxon Proposing to Build Supply Base for Guyana Project

Dec 13, 2021

Exxon Mobil Corp outlined a major new investment in Guyana amid government calls for delivering economic benefits to residents from deepwater oil and gas discoveries helping turn the South American nation into an oil powerhouse.A coming onshore…

Energy Firms Face Another Storm in US Gulf

Sep 13, 2021

Royal Dutch Shell on Monday began evacuating staff from a U.S. Gulf of Mexico oil platform, and other energy companies began preparing for hurricane-force winds from a second Gulf Coast storm in as many weeks.Tropical Storm Nicholas was about 105 miles (115 km) south of Port O'Connor…

UK Union Plans July Strike at Oil and Gas Terminal

Jun 22, 2021

UK's Unite union's Scotland unit on Tuesday said talks to prevent industrial action at Sullom Voe Terminal have ended with no movement on the part of Shetland Islands Council (SIC) to resolve the dispute over a long service award.Unless the Council accepts liability…

Oil Rises to 11-month High

Jan 12, 2021

Oil hit an 11-month high just below $57 a barrel on Tuesday, bolstered by Saudi Arabia's plans to limit supply, offsetting worries that rising coronavirus cases globally would curtail fuel demand.Brent crude settled up 92 cents, or 1.7%, at $56…

Digitizing Risk-based Integrity Management of FPSOs

Oct 23, 2020

Industries are adapting to an increasingly digitalized landscape. The floating production, storage and offloading (FPSO) industry is no different. As concerted efforts are made to improve project economics Matt Tremblay, ABS Senior Vice President…

Offshore Oil Wells, Ports Shut as Hurricane Sally Advances on U.S. Gulf

Sep 14, 2020

Energy companies, ports and refiners raced on Monday to shut down as Hurricane Sally grew stronger while lumbering toward the central U.S. Gulf Coast, the second significant hurricane to shutter oil and gas activity over the last month.The hurricane…

Webinar: Floating Production Forecasts & Analysis

Jul 24, 2020

A free webinar will deliver latest forecasts and market intelligence for the global floating production industry, offering insider access to business and investment opportunities in the deepwater sector.Floating Production Systems: 2020 Forecasts & Analysis…

Webinar: Floating Production Forecasts & Analysis

Jul 21, 2020

A free webinar will deliver latest forecasts and market intelligence for the global floating production industry, offering insider access to business and investment opportunities in the deepwater sector.Floating Production Systems: 2020 Forecasts & Analysis…

Record Oil Output Cuts Fail to Make Waves in Coronavirus-hit Market

Apr 14, 2020

The minimal impact on oil prices from a global deal for record output cuts showed that oil producers have a mountain to climb if they are to restore market balance as the coronavirus shreds demand and sends stockpiles soaring, industry watchers said…

OPEC+ Outlines Record Oil Production Cut; Mexico Balks

Apr 09, 2020

OPEC, Russia and other allies outlined plans on Thursday to cut their oil output by more than a fifth and said they expected the United States and other producers to join in their effort to prop up prices hammered by the coronavirus crisis.But the group…

Logistics News

Biometric Facial Recognition Implemented in Antwerp-Bruges

Biometric Facial Recognition Implemented in Antwerp-Bruges

FEPORT, ETA, EMPA and ECASBA Raise Cargo Diversion Concerns

FEPORT, ETA, EMPA and ECASBA Raise Cargo Diversion Concerns

Van Oord JV Awarded Dredging Project at Port of Burgas

Van Oord JV Awarded Dredging Project at Port of Burgas

Russia's Novorossiisk Resumes Oil Loadings

Russia's Novorossiisk Resumes Oil Loadings

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