The Commandant of the United States Coast Guard delivered his first State of the Coast Guard address Thursday at Coast Guard Base Los Angeles-Long Beach in San Pedro.Speaking from the largest port in the nation, Adm. Karl Schultz highlighted Coast Guard security and marine safety operations, which facilitate $4.6 trillion in annual economic activity.
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.
U.S. Coast Guard Sector Sault Sainte Marie commenced Operation Taconite, the Coast Guard’s largest domestic icebreaking operation, Monday, in response to expanded ice growth in the commercial ports of Western Lake Superior and the St. Marys River.Operation Taconite encompasses Lake Superior, St. Marys River, Straits of Mackinac, Georgian Bay, Green Bay, northern Lake Huron, and Lake Michigan.
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
Russia on Monday ignored Western calls to release three Ukrainian naval ships it fired on and captured near Crimea at the weekend and accused Kiev of plotting with its Western allies to provoke a conflict.Kiev in turn accused Russia of military aggression and put its armed forces on full combat alert, saying it reserved the right to defend itself.
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
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
Robert “Bob” Shrewsbury, founder of Seattle-based tug and barge services provider Western Towboat, has passed away at the age of 94.Shrewsbury started Western Towboat along Ballard’s waterfront in 1948, operating with just one small tug the, ND Tobey, and working in the early days as business agent, captain and engineer.Today, the family owned company is run by Shrewsbury’s son, Bob Jr.
Tripoli-based National Oil Corp (NOC) said on Wednesday four export terminals were being reopened after eastern factions handed over the ports, ending a standoff that had shut down most of Libya's oil output.Production and export operations would be restored "within the next few hours", an NOC statement said, although the restart at Es Sider and Ras Lanuf
BP operates largest teapot marketing team among majors; four BP-chartered tankers have trouble unloading off China. Four supertankers chartered by energy major BP have been held up or delayed off China's east coast over the last two months, unable to fully discharge oil as slowing demand from the country's private refiners starts to impact global markets.
Chevron Corp will proceed with the second stage of its giant Gorgon liquefied natural gas (LNG) export plant off the northwest coast of Western Australia, the company said on Saturday.Chevron and its joint venture partners plan to sink 11 new wells in the Gorgon and Jansz-Io fields and build offshore pipelines and subsea structures to pipe the gas to the nearby 15.