Oil

 

Tupi Commercial Production Start-Up to be Anticipated

Tupi Commercial Production Start-Up to be Anticipated
Petrobras is likely to anticipate by 2 or 3 months commercial O&G production at the Tupi pre-salt field.

SCI takes delivery of its first LR-I size Product Tanker

Another product tanker joining the Shipping Corporation of India’s fleet will help strengthen the company’s core business of energy transportation

GE Oil & Gas Awarded $160 million Contract by Petrobras Neatherlands BV

GE Oil & Gas Awarded $160 million Contract by Petrobras Neatherlands BV
GE O&G has been awarded a contract valued at $160 million to supply gas turbine and compressor equipment by Petrobras Neatherlands BV (PNBV).

Gulf Oil Spill: “Couldas” and “Shouldas”

This article discusses root and contributing causes of the accident in the Gulf and discusses the development and implement quality and risk management systems may help prevent these kind of disasters.

Brazilian Pre-Salt Frontiers to Expand

Brazilian Pre-Salt Frontiers to Expand
According to major Brazilian O&G market sources, the official Brazilian pre-salt area boundaries will have to be expanded due to various pre-salt discoveries beyond presently acknowledged frontiers.

Greatship’s Subsidiary takes delivery of a MPSSV

Great Eastern Shipping’s Singapore subsidiary acquires another Multipurpose Platform Supply and Support Vessel

Devon Energy´s New Discovery at the Campos Basin

Devon Energy´s New Discovery at the Campos Basin
Devon Energy has informed ANP (Brazil´s National Petroleum Agency), that it has discovered indications of hydrocarbons in block CM-471 at the Campos Basin. This block is operated by Devon in a 50%/50% partnership with Brazil´s national operator Petrobras.

The Whaleship Essex

The Whaleship Essex
A common-place ship whose unusual demise resulted in a classic American novel

Production Starting at the Baleia Franca Pre-Salt

Production Starting at the Baleia Franca Pre-Salt
Petrobras has announced it will start producing today the first oil from the pre-salt layer of the Baleia Franca field, which is located about 85 km from the city of Anchieta (state of Espírito Santo), in the Parque das Baleias area, on the north side of the Campos Basin.

A Tempest in a Teapot:

We’ve Taken Our Eyes off the Ball. Jones Act issues are clouding the cleanup effort in the U.S. Gulf at the worst possible moment. The drama is less than helpful and the side battles meaningless.

Oil Majors to Invest $1B in GOM Oil Containment System

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Today four oil majors – Chevron, ConocoPhillips, ExxonMobil and Shell – announced a plan to build and deploy a rapid response system that

U.S. DOI Issues Offshore Drilling Moratorium … Again

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Secretary of the Interior Ken Salazar directed the Bureau of Ocean Energy Management, Regulation and Enforcement (BOEM) to issue new suspensions of deepwater

IEA: Oil Outlook Through 2011

According to the International Energy Agency’s July 2010 Oil Market Report, global oil demand through 2011 is projected to rise 1.6% or 1.3 mb/dyear‐on‐year to 87.

TEN Accepts Aframax Tanker

Tsakos Energy Navigation Limited announced the delivery and charter of the 105,000 dwt DNA-Aframax tanker Uraga Princess from Sumitomo Heavy Industries in Japan,

At SMM 2010 ‘Green’ Technologies Center Stage

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Last month MR’s Henrik Segercrantz traveled to Hamburg for an exclusive preview of the SMM 2010 exhibition. The SMM international trade fair for shipbuilding,

Alternate Propulsion Plant Using Fuel Cell Technology

Since the marine industry continually laments restocking engineering talent to power its future, Maritime Reporter & Engineering News decided to hit the road and find where the future lies.

Saipem Wins $1B Offshore Deal

Saipem has been awarded new offshore contracts worth over 1 billion euro. The contracts refer to activities to be carried out between 2010 and 2012 in the main offshore areas where Saipem is present,

Maersk Tankers, HHI & DNV Joint CO2 Ship Design

Maersk Tankers, Hyundai Heavy Industries (HHI) and Det Norske Veritas (DNV) have agreed to collaborate on the design and risk assessment of tankers for shipping CO2.

SHI Inks Orders for 5 Ships at Posidonia

Samsung Heavy Industries (SHI) apparently found no troubles in Greece this year, as the company reports inking a deal for five ships at Posidonia 2010, meaning its contracting amount has reach $3.

Financing Offshore Ventures in Today’s Economic Climate

Regardless of today’s economic and financial reality, wealth creation and oil prosperity go hand in hand.  While the medium to long term prospects are good,
 

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