Rever Completes North Sea Decom Project
Subsea services provider Rever Offshore has successfully completed a North Sea infrastructure decommissioning project of the Greater Dunlin Area for Fairfield Energy.The subsea project delivery and execution provider to the offshore energy industry said that the assignment – in the East Shetland basin – was “one of the largest scale decommissioning projects undertaken by the company.”The project used diving support vessels Rever Sapphire and Rever Polaris…
Oil Jumps 4% on U.S. Stockpiles Drop
Oil prices surged 4% on Wednesday on expectations that OPEC and allied producers would extend production curbs, and as U.S. government data showed a large drop in domestic crude stockpiles.Brent crude futures were up $2.44, or 4%, at $63.26 a barrel by 11:09 ET (1609 GMT). U.S. West Texas Intermediate (WTI) crude futures were up $2.38, or 4.2%, at $58.48.The Organization of the Petroleum Exporting Countries (OPEC) and allies including Russia…
"Green" Ammonia's Future as a Marine Fuel
Ammonia, the same pungent solution used in fertilizers and cleaning agents, may one day be the key to transporting renewable energy around the world. There are currently a number of government and corporate projects assessing the feasibility of converting excess renewable energy from sources like wind, solar, tidal and nuclear into ammonia and then back into usable energy.In its purist form, ammonia or…
Solstad Offshore Wins Contracts for CSVs
Norwegian offshore service and supply ship shipping company Solstad Offshore has secured work for two of its offshore construction vessels.First, the company signed a contract with DeepOcean AS for the CSV Normand Jarstein. The contract will commence in March for the 2019 season, with further options for 2020 and 2021.DeepOcean will mobilise two WROV systems onboard and use the vessel on their projects…
Ineos Completes Clipper South Re-routing Project
UK-based oil products company Ineos Oil and Gas UK has completed a project to re-route production from its Clipper South field via the Shell operated Clipper field into the Bacton processing terminal.According to a company release, the USD 80 mln investment into a new pipeline and sub-sea equipment will extend the life of the Clipper South field, following closure in October of the existing facilities at the Theddlethorpe Gas Terminal…
Uptime International Bags Contracts for Gangway Supply
Norway’s Uptime International has entered into two new contracts with compatriot vessel provider Island Offshore."Island Clipper has secured a three-year agreement with Equinor as combined PSV and walk to work vessel. The vessel will be equipped with battery package, shore connection and gangway which can be mobilized on short notice," said a press release.Commencement of the contract is 1st of April 2019…
Crude Tanker Backlog in US Gulf Eases on Robust Imports
A backlog of tankers off the shores of the U.S. Gulf Coast that swelled in the final quarter of 2015 is easing, with the volume of crude waiting to discharge declining by more than half in just a month's time. There currently are 27 vessels offshore in the U.S. Gulf Coast waiting to discharge an estimated 15 million barrels of crude, compared to 36 million barrels at the start of December, ClipperData said on Tuesday.
U.S. RBOB Futures Rise on Higher RINs Prices
U.S. gasoline futures rose nearly 4 percent on Tuesday morning on higher requirements for refiners to meet U.S. renewable fuel requirements, traders said. U.S. gasoline futures on the New York Mercantile Exchange were up 3.5 percent at $1.35 a gallon at 10:28 a.m. EST, outpacing both the U.S. crude and the global crude benchmark. The RBOB crack spread rose to $15.18 a barrel, the highest since August of last year.
Ceona Wins Deepwater Gulf of Mexico Contract
Ceona, SURF contractor with heavy subsea construction capabilities, has been awarded a new deepwater contract with Houston-based Bennu Oil & Gas LLC in the Gulf of Mexico (GoM) on their Mirage field. This contract comes after a first contract was awarded and completed last year for operations on their Clipper deepwater field. The agreement will see Ceona deploy its newest vessel, the Amazon, to install…
Enbridge Hoping for Cross-Border Pipeline Presidential Permit
Canadian pipeline company Enbridge Inc hopes to get a U.S. presidential permit for its proposed Alberta Clipper pipeline expansion by the end of 2015, president of liquids pipelines Guy Jarvis said on Friday. The Alberta Clipper pipeline ships Canadian crude from Hardisty, Alberta, to Superior, Wisconsin, and Enbridge plans to increase capacity to 800,000 barrels per day from 500,000 bpd. Cross-border pipeline projects need presidential approval to go ahead.
Winergy to Rebuild Turbine Gearboxes for First Wind
First Wind has contracted Winergy Drive Systems Corporation (WDSC) to rebuild gearboxes for some of its Clipper wind turbines for wind farms across the country, from Vermont to Hawaii. The multiyear contract sees WDSC expand its services to include remanufacturing of gearboxes built by competitors. WDSC will offer the ability to dissemble the 97,000-pound Clipper gearbox, replace parts with new components and complete a full-load test before returning it back to the customer.
Enbridge: No plans to Imitate Kinder Morgan Consolidation
Enbridge Inc, Canada's largest pipeline company, said on Monday it has no plans to imitate rival Kinder Morgan Inc's $44 billion plan to consolidate its publicly traded units into a single company. Enbridge, whose separately traded affiliates include Enbridge Energy Partners and Enbridge Income Fund Holdings Inc, said it has no interest in returning those companies into the corporate fold and cannot see a competitive advantage coming from such a move.
Recent Vessel Sales: August 2013
Below is a list of vessel sales for August, 2013 prepared by Shipping Intellegence, Inc., New York. All sale Prices are listed in Millions USD.
