Moda Midstream LLC is considering building a second berth at its Ingleside, Texas, crude export terminal to accommodate booming shale oil production on the Gulf Coast, the company's chief executive said on Thursday.The expansion to the terminal that loads oil tankers will come as three major pipelines open in the second half of 2019, CEO Bo McCall said in an interview.
Singaporean conglomerate Keppel Corp posted improved results for the fourth quarter, helped by narrower losses in its offshore and marine division, and said it was seeing signs of recovery in the rig industry.The company on Thursday reported a net profit of S$135 million ($99.2 million) for the quarter ended December, compared with a net loss of S$492 million a year earlier
Royal Dutch Shell said on Wednesday it has begun output at its Prelude floating liquefied natural gas (FLNG) facility in Australia, the world's largest floating production structure and the last of a wave of eight LNG projects built in the country over the last decade.Though the project started up later and cost more than originally estimated
Royal Dutch Shell expects production at its Prelude floating liquefied natural gas (LNG) unit to start at the end of the year, a spokeswoman told Reuters on Tuesday."We continue to progress Prelude towards operations, with safety and quality being our main focus ... We expect to see production around the end of the year," she told Reuters in an emailed statement.
The Canadian government on Friday said Lockheed Martin Corp would be given first chance to bid on a contract to design 15 warships that will end up costing Canada around C$60 billion ($46 billion).The ministries of procurement and defense said Ottawa and Irving Shipbuilding, a Canadian firm which will actually build the vessels
Last week in Hamburg, Germany, SMM 2018 was held, the single biggest and arguably best exhibition on the maritime calendar globally. Maritime Reporter & Engineering News/MarineLink.com had a crew of seven on scene in Hamburg covering multiple, simultaneous conferences and meetings, a full schedule of social events and, of course, the signature four-day exhibition which saw nearly 2
Offshore oil driller Transocean Ltd said on Tuesday it would buy peer Ocean Rig UDW Inc in a $2.7 billion cash-and-stock deal, its second major acquisition this year as the company bets on a recovery in the offshore sector.The acquisition signals new optimism for offshore drillers, which were hit hard by the steep plunge in oil prices from 2014.
Venezuela's state-run PDVSA is organizing a contingency plan to address its latest oil-export problem following a minor accident last week at the country's main crude terminal, two sources from the firm told Reuters on Friday.A tanker collision that damaged Jose port's South dock and forced its closure has added to delays in loading crude for export
Yang Ming Marine Transport Corp. (Yang Ming) signed a contract with CSBC CORPORATION, TAIWAN (CSBC) for the construction of a total of ten 2,800 TEU class full container vessels. The contract was signed by Yang Ming’s Chairman Bronson Hsieh and CSBC’s Chairman Cheng Wen-Lon.The new ships are due for delivery starting in the second quarter of 2020 and will help to meet the future demand for
More than $20 million in grant funding has been awarded to support capital improvement projects at 29 small shipyards in 22 states across the U.S.The funding, awarded through the U.S. Department of Transportation’s Maritime Administration (MARAD) Small Shipyard Grant Program, supports capital improvements that foster increased efficiency and economic growth.
Tidewater Inc. and GulfMark Offshore, Inc. announced Monday that the boards of directors of both companies have unanimously approved a definitive agreement to combine the two companies, creating the industry’s largest owner of offshore support vessels and continuing consolidation in the offshore sector.
A Taiwan-owned cargo ship docked safely in Sydney on Wednesday after losing 83 containers off the coast of Australia during a massive storm which saw the ship battered by five metre (15 feet) swells.The YM Efficiency limped into Sydney with a container hanging halfway off its side.