The US Maritime Administration (MARAD) on Tuesday approved the application for the Sea Port Oil Terminal (SPOT), a new offshore oil export terminal in the Gulf of Mexico. The facility will be America’s largest oil export terminal, expected to add 2m barrels per day to US oil export capacity. The...
Knutsen NYK Offshore Tankers (KNOT) has inked a contract with Cosco Shipping Heavy Industry (Zhoushan) for a newbuild suezmax shuttle tanker. The 154,000 dwt ship will deliver in 2025 and go on a 15-year-long charter with Brazilian oil giant Petrobras. KNOT has another unit set to deliver in 2024...
https://splash247.com/knot-books-shuttle-tanker-newbuild-for-petrobras-charter/
Chinese yard Cimc Raffles has secured a long-term contract extension for two of its jackup drilling rigs working for Pemex in Mexico, the company’s asset manager, Ocean Challenger said. The Gulf Driller VI and Gulf Driller VIII, which have been operating in Mexico since delivery in 2019, have been...
https://splash247.com/cimc-scores-three-year-extension-for-jackup-pair-in-mexico/
Florida-based Zergratran, a sustainability driven transportation infrastructure company, is seeking to raise $75m in funding as its initial step to build an alternative to the Panama Canal for shipping containers. Puerto Internacional Las Americas (PILA) is planned to be an underground tunnel that...
https://splash247.com/colombian-alternative-to-the-panama-canal-seeks-funding/
Sempra Infrastructure and ConocoPhillips have executed a 20-year sale and purchase agreement for 5m tonnes per annum (Mtpa) of liquefied natural gas (LNG) from Phase 1 of Sempra Infrastructure’s proposed Port Arthur LNG project in Jefferson County, Texas. The two companies have signed two more...
Details of the Russian oil price cap and penalties and bans against shipping companies who infringe sanctions due to come in place on December 5 are beginning to emerge. The Group of Seven nations will soon announce the price cap on Russian oil exports with speculation that it will stand at $60 per...
https://splash247.com/washington-outlines-impact-russian-sanctions-will-have-on-shipping/
Seapeak has booked five liquefied natural gas (LNG) carriers for construction at South Korea’s Samsung Heavy Industries (SHI). Stonepeak’s gas ship owner is paying around $1.1bn for the 174,000 cu m ships expected for delivery in 2027. The newbuilds are backed by ten-year charters with an unnamed...
https://splash247.com/seapeak-splashes-1-1bn-on-five-lng-carrier-newbuilds-in-south-korea/
New Fortress Energy Inc. (NFE) has finalised its agreements with Petróleos Mexicanos (Pemex), Mexico’s state-owned oil company, to develop and operate an integrated upstream and natural gas liquefaction project off the coast of Veracruz in southeastern Mexico. The two companies have established a...
John Fredriksen-backed Flex LNG has sealed a charter extension for three ships with Cheniere Marketing International, a subsidiary of US LNG player Cheniere Energy. The LNG carriers Flex Endeavour, Flex Ranger and Flex Vigilant which had about six years in aggregate of the remaining firm charter...
https://splash247.com/flex-lng-seals-three-ship-extension-with-cheniere/
On June 8, LNG was released from Freeport LNG Development’s liquefaction plant on Quintana Island, Texas, leading to the formation and ignition of a natural gas vapour cloud and subsequent fire. The company, an LNG export company headquartered in Houston, Texas, entered into a consent agreement...
https://splash247.com/freeport-lng-provides-update-on-restart-of-liquefaction-facility/