More Oil Tanker News

Irving Oil lets New Brunswick refinery contract

Dec 19, 2008 Irving Oil Ltd. has selected Fluor Canada, a subsidiary of Fluor Corp., to perform front-end engineering design for a proposed $7 billion, 300,000-bpd refinery to be constructed in St. John, New Brunswick, 65 miles from the US border.

Economy, season, other factors reduce rig count

Dec 19, 2008 US drilling fell for the fifth consecutive week, down by 26 rotary rigs to 1,764 still working, compared with a rig count of 1,809 in the same period last year, said Baker Hughes Inc.

New wave of LNG planned; spot prices to recede

Dec 19, 2008 Global LNG production will ramp up in 2009, driving international spot prices lower, according to Waterborne Energy, Houston, which tracks and analyzes world LNG markets.

Palomar files application for Oregon pipeline

Dec 19, 2008 Palomar Gas Transmission LLC, a joint venture of TransCanada Corp. and Northwest Natural Gas Co., filed an application with the US Federal Energy Regulatory Commission for a certificate to build and operate a 217-mile, 36-in. natural gas interstate transmission pipeline in Oregon.

FERC issues final EIS for proposed LNG project near Baltimore

Dec 19, 2008 The Federal Energy Regulatory Commission's staff identified additional adverse environmental impacts as it issued a final environmental impact statement on Dec. 5 for a proposed liquefied natural gas project outside Baltimore.

PNG LNG nears final project decisions

Dec 18, 2008 The Papua New Guinea LNG (PNG LNG) partners will make a final investment decision by yearend 2009 about proceeding with the ambitious LNG project on the Gulf of Papua near Port Moresby. Five trains might eventually be possible.

Sorgenia to regasify LNG off Italy

Dec 18, 2008 Private Italian energy firm Sorgenia SPA has awarded a contract to Torp Technology AS to develop an offshore Italian receiving and regasification terminal that could start operations by 2014. The as-yet-undetermined import site would be off central or southern Italy.

LNG firms struggle with investments in volatile market

Dec 18, 2008 Gas companies are uncertain whether to make LNG investments as gas demand falls due to high prices and the economic downturn, speakers said at the CWC LNG summit in Barcelona.

Tullow lets FEED to Dietswell for offshore module

Dec 18, 2008 Tullow Oil Uganda has awarded a front-end engineering and design (FEED) contract to independent drilling service company Dietswell, Paris, to design an offshore module to operate in 45 m of water on Lake Albert. The concept selected is a Mobile offshore drilling unit comprising a barge and drilling rig.

Sakhalin Energy starts oil exports from Aniva Bay

Dec 17, 2008 Sakhalin Energy Investment Co. has started exporting oil from Molikpaq platform to the terminal in Aniva Bay in the south of Sakhalin, which will be dedicated to year-round oil deliveries.

SEIC starts oil exports from Aniva Bay platform

Dec 17, 2008 Sakhalin Energy Investment Co. has started exporting oil from Molikpaq platform on the terminal in Aniva Bay in the south of Sakhalin, which will be dedicated to year-round oil deliveries.

IEA: Floating oil storage capacity on the rise

Dec 16, 2008 Abundant oil supplies in a decreasing market and dropping tanker freight rates have combined to form an increase in floating storage, said International Energy Agency in its monthly oil market report.

Dominican Republic buys Shell's refinery share

Dec 16, 2008 The Dominican Republic has become the sole owner of the 31,000 b/d Refidomsa refinery at Haina after Shell Petroleum NV completed transferring its 50% stake.

Petromin buys into Papua New Guinea fields

Dec 16, 2008 Papua New Guinea's state company Petromin has bought a 20.5% direct interest in onshore Elk-Antelope gas field discovered by InterOil in the country's Gulf province.

Cuba, Venezuela sign new accords on oil, gas

Dec 15, 2008 Venezuelan President Hugo Chavez and his Cuban counterpart, Raul Castro, have signed agreements to expand the capacity of two refineries in Cuba and to construct a third one.

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