Tuesday, October 27, 2020

Teekay News

Yamal LNG Gets All 15 Arc7 Ice-Class Tankers

Image: Yamal LNG

Russian liquefied natural gas (LNG) producer Yamal LNG  announced the operational start of the new Arc7 ice-class LNG tanker “Yakov Gakkel”,  the fifteenth and final…

Teekay Resolves China LNG JV Issues

Pic: Teekay Group

Teekay LNG’s 50/50 joint venture with China LNG, which owns four on-the-water ARC7 LNG carriers and two ARC7 LNG carrier newbuildings, is also no longer classified as…

Chestnut Field Extended Up to Three Years

Hummingbird Spirit FPSO (Photo: Teekay)

Partners Spirit Energy and Dana Petroleum will invest £140 million ($177 million) to extend the life of the Chestnut field in the UK North Sea by as much as three years.The…

Novatek in Talks on LNG Transhipment

Photo: Novatek

Russia's liquefied natural gas (LNG) producer Novatek is in talks to tranship its Yamal cargoes in Norway or Russia's Murmansk because it is unsure of the impact of U.S.

OMP Acquires Stake in TEN

Pic: Watson Farley & Williams

The maritime and offshore energy institutional investor OMP is acquitting of US$35m of Series G Redeemable Convertible Perpetual Preferred Shares of the Greek shipping…

Last Yamal LNG Arctic Ships on Sea Trials

Arctic Firsts: Arc 7 LNG carriers, including the Risunok and the ice-breaking Christophe de Margerie (pictured here). (Photo Courtesy: Yamal LNG and Sovcomflot)

The last of 15 Arc7-classed tankers ordered for the liquefied natural gas (LNG) production plant Yamal LNG in Russia's Arctic north are undergoing sea trials around a South Korean shipyard…

Teekay Sells Offshore Stake to Brookfield

Image: Teekay Offshore

The provider of international crude oil and gas marine transportation, Teekay Corporation announced  an agreement to sell to Brookfield Business Partners all of the…

Bahrain's First LNG Terminal Ready for Business

Bahrain expected to start LNG imports early this year; FSU on 20-year time charter to Bahrain LNG arrives in the GulfBahrain's first liquefied natural gas (LNG) floating…

Teekay Expects Recovery in Tankers Market

Image: Teekay

Crude tanker rates have continued to strengthen during the early part of the fourth quarter of 2018, particularly in the Atlantic Basin with Aframax tanker rates in…

FSU Delivered to Bahrain LNG

(Photo: Teekay LNG)

Teekay LNG’s first floating storage unit (FSU) has been delivered to charterer Bahrain LNG.The vessel Bahrain Spirit was delivered from the shipyard in South Korea at the end of August…

Teekay Offshore Reaches Settlement with Petrobras

Teekay Offshore Partners L.P. announced Monday that certain of its subsidiaries have entered into a settlement agreement with Petróleo Brasileiro S.A. and Petroleo Netherlands B.V. – PNBV S.A.

Sembcorp Marine, Teekay Offshore Pact on Petrojarl Varg FPSO

Petrojarl Varg FPSO. Image: Teekay

Sembcorp Marine Rigs & Floaters, a wholly-owned subsidiary of Sembcorp Marine,  has signed an agreement with Varg L.L.C., a wholly-owned subsidiary of Teekay Offshore Partners L.P.…

Yamal LNG Exports Accelerate in Time for Winter

(File photo: Sovcomflot Group)

Liquefied natural gas exports from Novatek's Yamal terminal in the Arctic have come on stream faster than expected over the summer and exceeded volumes from Russia's only other LNG facility…

Hundreds of Oil Workers Strike in Norway

Photo: Harald Pettersen / © Equinor

Hundreds of workers on Norwegian offshore oil and gas rigs went on strike on Tuesday after rejecting a proposed wage deal, leading to the shutdown of one Shell-operated…

Hundreds of Norway Oil Workers Go On Strike

Photo courtesy of Equinor

Hundreds of workers on Norwegian offshore oil and gas rigs went on strike on Tuesday after rejecting a proposed wage deal, leading to the shutdown of one Shell-operated…

Predictive Software to Optimize FPSO Maintenance

Lloyd's Register has started work with AkerBP for maintenance optimization of its Skarv FPSO infrastructure and equipment on a test project in Norway. (Photo: LR)

A new test project in Norway looks to employ specialty software for the optimization of floating production storage and offloading (FPSO) maintenance.Lloyd's Register…

Teekay Offshore Partners Appoints Interim CFO

Teekay Offshore GP LLC, the general partner of Teekay Offshore Partners L.P. announced that Tim Cowan join as Interim Chief Financial Officer of Teekay Offshore Group Ltd.…

Petrojarl I FPSO Begins Working its 10th Field

(Photo: Teekay)

Teekay’s three-decades-old floating production, storage and offloading (FPSO) Petrojarl I has achieved first oil and commenced its five-year charter contract with a…

Pankaj Khanna Appointed As CEO of Ocean Rig

Image: Ocean Rig UDW

Pankaj Khanna has been appointed as President and Chief Executive Officer of Ocean Rig UDW, a global provider of offshore deepwater drilling services,  effective January 1, 2018.

Japan's U.S. LPG 2017 Imports hit Record High

File Image (CREDIT: AdobeStock / (c) Martin)

U.S. now meets half of Japan's LPG demand; U.S. supplies have soared as part of shale boom. Japan's liquefied petroleum gas (LPG) imports from the United States are…