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News & Blog

February 29, 2020

Phillips 66, Trafigura and the Port of Corpus Christi Partner to Build Offshore Single Point Mooring Facility

Corpus Christi, TX, USA –Phillips 66 and Trafigura Group pte. Ltd announced today that they have formed a 50/50 joint venture, Bluewater Texas Terminal LLC (“Bluewater […]
February 6, 2020

Guyana’s GDP to ‘Skyrocket’ as Oil Output Increases

Oil output estimated at 1.2 million barrels per day by 2030, Guyana’s total annual oil revenues could approach $30 billion within 10 years and could send […]
February 6, 2020

Independent Operators Lead 2020 FPSO Surge

2020 will be a peak year for floating production, storage and offloading unit (FPSO) demand with up to 14 awards forecast in Wood Mackenzie’s base case […]
February 1, 2020

FPSO Orders Continue Climb

The swollen number of orders felt in 2019 for floating production, storage and offloading vessels (FPSO) was, it turns out, well above the average number of […]
January 22, 2020

Methanol Poisoning behind Illness of Brazilian Contractors

The six contractors that fell ill while on board the Vanguard-transported FPSO, one of them with a fatal outcome, consumed a cleaning liquid found on board […]
January 22, 2020

Mammoet, ALE Merger Creates Heavy Lift Giant

Dutch provider of engineered heavy lifting and transport Mammoet has completed the acquisition of UK-based counterpart ALE. The businesses will now operate as one company under the […]
January 22, 2020

First Steel Cut for UECC’s Next-Generation Battery Hybrid LNG Ship

The first steel has been cut for United European Car Carriers’ (UECC) new battery hybrid LNG-powered vessel.  The steel cutting ceremony for the pure car truck […]
January 22, 2020

BIMCO: Low-Sulfur Fuel Sales Rise as Shipping Industry Responds to IMO 2020

The final quarter of 2019 marked a massive decline of high-sulfur fuel oil (HSFO) sales as the industry transitioned into compliance with the IMO 2020 sulphur […]
January 22, 2020

Freeport LNG Train 2 Starts Commercial Ops

On January 17, 2020, Freeport LNG announced the start of commercial operations for the second liquefaction train with the commencement of gas deliveries from BP under […]