Tanker industry holds breath as Opec delays output decision
Opec is expected to announce a final deal on supply cut after discussing with some Russia-led producers on Friday.
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NAO Tallies One-year PSV Charter
Nordic American Offshore Ltd (NAO) said it has been awarded a one-year fixed contract for the 2013-built platform supply vessel (PSV) NAO Power.The contract with an unnamed “first-class company” is due to commence in early December 2018, and…
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U.S. Oil Exports Eclipse Imports for First Time Ever
Net exports of crude and fuel average 200,000 bpd last week as net crude imports fall to 4 mln bpd, an all-time weekly low.The United States last week exported more crude oil and fuel than it imported for the first time on record, underscoring…
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ESVAGT Eyes Arctic Opportunities
Offshore vessel owner ESVAGT says it has set its sights on growth opportunities in Arctic regions where an uptick in oil and gas production is expected in coming years. In the Barents Sea, for example, the Norwegian Petroleum Directorate as…
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HII Appoints Shelanski As VP, Business Development
Huntington Ingalls Industries (HII) has announced this week the appointment of Herman Shelanski as vice president of business development at its Newport News Shipbuilding division.Shelanski has more than 38 years of experience with the U.S.
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