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Watch: Venice’s canals become clearer due to COVID-19 lockdown

Following the COVID-19 and the major disruption that has brought, the quarantine measures unexpectedly made Venice canals look clearer and cleaner. With no boats and the reduced traffic due to the country’s lockdown, small fish swimming around in the water canals are visible.

Crude export terminal to be built at US Gulf Coast

Enterprise Products Partners LP and Enbridge Inc have reached an agreement to jointly develop a US Gulf Coast crude export terminal, that will be capable of loading supertankers off Freeport, Texas. Currently, only the Louisiana Offshore Oil Port (LOOP) has the ability to fully load VLCCs from the Gulf Coast.

First deepwater AUV survey in Mexico to take place

Oceaneering International announced that it has secured a contract to carry out the first-ever deepwater Autonomous Underwater Vehicle (AUV) survey in Mexican waters. BHP will conduct the geophysical survey. BHP will carry out the geophysical survey at its Trion development, and currently, work is underway and will continue for around 45 days.

US temporarily stops review on Trafigura’s oil export project

US maritime officials decided to suspend the review of Trafigura’s application for a Gulf Coast deepwater terminal, as they are waiting for additional information, a US Coast Guard official informed on March 15. The suspension will lead to at least a month delay in Trafigura’s plans. For its side, Trafigura downplayed the significance of the suspension.

New deep water port to be built in Texas

Trafigura has applied to build a deep water port in Texas, US. The port will be able to load supertankers, supplying the very much needed oil export infrastructure to the country. The port will enable VLCCs to load cargo via a single-point mooring buoy system and will have a capacity of about 500,000 barrels per day.

Farm-in, farm-out activity reduced by 2/3 from 2012 to 2017

Global conventional exploration farm-in/farm-out activity has reduced by around two thirds from 2012 to 2017, in line with the reduction in overall drilling activity, according to research by Westwood Global Energy Group. As activity levels have fallen, so have deal terms and costs.

Ophir proceeds to alternative funding for Fortuna FLNG

Ophir Energy, in cooperation with its partners in the Fortuna FLNG project, decided to prioritise one of the alternative funding solutions, with an Asian bank funding up to $1.2bn, on similar commercial terms to those agreed earlier this year with the group of three Chinese banks.

ABS issues industry’s first Managed Pressure Drilling notation

ABS classification society announced that it has issued a managed pressure drilling notation to Seadrill’s West Capella ultra-deep water drillship, demonstrating system compliance with the ABS Guide for Classification and Certification of Managed Pressure Drilling Systems. 

Maersk Drilling reactivates semi-submersible in Southeast Asia

Semi-submersible ‘Maersk Deliverer’ has secured a new contract by JX Nippon covering the drilling of one well in Southeast Asia, with an estimated duration of 30 days, marking the continuation of Maersk Drilling’s operations in the region. 

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