Petrobras will make history in late 2011 when it starts production from its Cascade and Chinook fields 160 miles from shore in 8,000 feet of water in the Gulf of Mexico. But it won't be the distance ...

A new ship-to-ship cargo transfer system has been developed and patented by SafeSTS for the Dynamic Positioning (DP) shuttle tankers sector, designed to increase flexibility and efficiency for the ...

In today’s global supply chain, the transportation of liquid commodities plays a vital role across multiple industries, including chemicals, food and beverages, petroleum, pharmaceuticals, and ...

Crude oil transport from FPSOs moves stabilized crude from offshore storage to market via shuttle tankers or pipelines, linking offshore production to midstream logistics and refining. II.2.1 ...

TEN is constructing nine DP2 Suezmax Shuttle Tankers for Petrobras, expected to generate $2.0 billion in revenues. Tsakos Energy Navigation (TEN) has announced plans to construct nine DP2 Suezmax ...

Earnings Call Insights: Tsakos Energy Navigation Limited (TEN) Q4 2024 The CEO highlighted a significant milestone with the company securing a $1.3B deal with Transpetro for nine DP2 shuttle tankers, ...

Altera Infrastructure has entered into an agreement to sell all its membership interests in Altera Shuttle Tankers (AST) to Maistros Shiptrade, a company affiliated with the Angelicoussis Group.

ExxonMobil has been forced to temporarily curtail oil production from its big Hibernia and Hebron fields offshore eastern Canada due to harsh weather and a lack of shuttle tankers. The supermajor’s ...