Big energy merchants trading oil cargoes that form the basis of the Brent benchmark have used an obscure clause to reroute U.S. shipments from Europe, in a practice that raises doubts over whether reforms to the crude price marker have succeeded.Brent, the most significant benchmark across commodity markets, is used to price more than 60% of globally traded crude and underpins oil futures.
Crew members on Mike Lynch's yacht have spoken of the moments when a storm sank the vessel off Sicily and their efforts to help save passengers, after a disaster that killed the British tech tycoon and six other people.Matthew Griffiths, who was on watch duty on the night of the disaster two weeks ago
Noble Corporation’s recent decision to sell the Pacific Meltem and Pacific Scirocco for non-drilling purposes highlights a key issue in the drillship market: What happens to cold-stacked rigs that are unlikely to return to work? With the floater market showing signs of weakness and contract opportunities becoming scarcer, reactivating these units is proving even more challenging.
British police arrested a man on Tuesday on suspicion of gross negligence manslaughter after an unexplained collision at sea left a tanker carrying U.S. army jet fuel with a gaping hole in its side and a charred container ship adrift.The tanker, Stena Immaculate, which carries jet fuel for the U.S.
Dutch marine provider Boskalis will salvage the U.S.-flagged tanker Stena Immaculate, which was struck by a container ship off northeast England on Monday, a spokesperson said on Tuesday, confirming earlier Dutch media reports.He could not give a time frame for the salvaging but added that four ships carrying foam and extinguishing agents were already en route to put out the fire caused by the
Incat Crowther designed a new 24-m passenger fast ferry for Caribbean operator Smith's Ferry Services. Built by Australian shipyard Aluminium Marine in Brisbane, the new ferry will transport 149 passengers at speeds of up to 28 knots and has been designed for the busy Charlotte Amalie (U.S Virgin Islands) to Road Town (British Virgin Islands) tourism route.
SC Ports has expanded its container yard at Inland Port Greer to handle customers' growth.South Carolina Ports is enhancing its intermodal connections in South Carolina with the ongoing expansion of Inland Port Greer and construction of the Navy Base Intermodal Facility.SC Ports is investing to expand Inland Port Greer with more cargo and rail capabilities to support customers’ growth in the
The Netherlands plans to temporarily enlist additional personnel and equipment from private companies to strengthen security in its part of the North Sea, the Defence Ministry said on Wednesday, confirming media reports.The decision follows reports last year from Dutch military intelligence agency MIVD that Dutch North Sea infrastructure, such as gas pipes and windmills
Shipowners and operators of EU vessels must take steps to ensure that all new firefighting suits on board comply with changes to European regulations, which enter into force in June 2025, according to urgent advice from VIKING Life-Saving Equipment.Viking recommends fleet managers undertake a full risk assessment of their firefighting suits to verify compliance with requirements applying under
Esgian provides an update on what has been a busy week in the offshore drilling market in its Week 31 Rig Analytics Market Roundup.Report SummaryContractsBorr Drilling has confirmed new contracts for several of its 400-ft jackups, including work for the Arabia I in Brazil, Gunnlod in Malaysia, and Norve in Gabon.
Esgian provides an update on new rig deals in its Week 30 Rig Analytics Market Roundup.Report SummaryContractsValaris has been awarded a multi-year contract with Equinor Energy do Brasil, a subsidiary of Equinor, for the 12,000-ft drillship Valaris DS-17. The contract relates to work on Project Raia offshore Brazil.
Esgian provides an update on drilling activity in its Week 26 Rig Analytics Market Roundup.Report SummaryContractsVentura Offshore has been granted exclusive marketing rights from Hanwha Drilling LLC for the newbuild 12,000-ft 7th generation drillship, Tidal Action, for an ongoing tender process in Brazil.