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 ...

MacGregor, part of Cargotec, has secured contracts to supply Pusnes bow loading systems for three newbuild shuttle tankers intended for operations in Brazilian waters. The order was booked into first ...

Altera Infrastructure, formerly known as Teekay Offshore, said it has taken delivery of a new shuttle tanker from Samsung Heavy Industries in South Korea.The 148,200 DWT newbuild, Altera Thule, was ...

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, ...

Leading shuttle tanker operator KNOT Offshore Partners reported another set of solid quarterly results. In addition, the company made important progress on the contracting front. Subsequent to quarter ...

Chinese yard Cosco Shipping Heavy Industry has won a contract to build a shuttle tanker for shipping condensate produced from the Lingshui 17-2 deep-water gas field in the Qiongdongnan basin of the ...

ExxonMobil Canada has reduced oil production at the Hibernia and Hebron platforms in offshore Newfoundland and Labrador, ...

Management expressed confidence in market fundamentals, highlighting strong demand from major energy clients and a positive medium to long-term market outlook. TEN plans to continue its strategic ...