CHINA NATIONAL OFFSHORE OIL CORPORATION(CNOOC)

Even Mother Nature Can’t Dent the Enthusiasm at this Year’s MACC.Curtis Bay, MD: On the morning after the Baltimore, MD area received a record 3.5 inches of torrential rain in just 90 minutes, this year’s Multi-Agency Craft Conference (MACC) kicked off without a hitch at the United States Coast Guard Yard in Curtis Bay, MD. That may sound easy, but for those flying in Tuesday afternoon (or like myself, driving in through DC at exactly the moment that the George Washington Parkway flooded badly near the DCA Airport), it was touch and go.

The United States accused North Korea on Thursday of breaching a U.N. sanctions cap on refined petroleum by making illicit transfers between ships at sea, according to a document seen by Reuters, and demanded an immediate end to all sales of the fuel.The United States submitted the complaint to the U.N. Security Council North Korea sanctions committee. The charge of a sanctions breach comes as Washington engages North Korea in a bid to convince Pyongyang to give up its nuclear weapons.The North Korea U.N. mission did not immediately respond to a request for comment on the U.S. accusation. North Korea relies on imported fuel to keep its struggling economy functioning.

Ship owner Stena said it has decided to exercise its option to order its seventh and eighth E-Flexer vessels from Avic Weihai Shipyard. The two new vessels will be deployed within Stena Line’s route network with a planned delivery in 2022.Additionally, Stena RoRo has taken an option on the construction of a further four E-Flexer vessels that would also be built at the same Chinese shipyard.Niclas Mårtensson, CEO Stena Line, said, “We foresee increasing demand for freight capacity in Northern Europe and our new vessels fit very well in matching anticipated market developments as we prepare ourselves for further expansion.

Weather critical to fulfilling IMO DCS potential and boosting shipping’s sustainability says StormGeoStormGeo believes the upcoming IMO DCS (Data Collection System) regulation can be a game-changer for shipping – enabling a more environmentally and commercially sustainable age of operations. However, according to the global leader in weather forecasting and maritime decision support services, vessels must harness the potential of continual route optimization to realize maximum benefits.IMO DCS data collection on 1 January 2019.

Oil production by Brazilian state-led Petroleo Brasileiro SA in the Campos basin fell 1.4 percent in June over the previous month to 1.042 million barrels a day, its lowest level since 2001, as mature fields decline, according to company data.Output has dropped 15.8 percent in 12 months due to the ageing of fields off-shore from Rio de Janeiro and Espirito Santo that account for almost half of the crude pumped by Petrobras. The decline has offset rising output from new platforms in the pre-salt region of the Santos basin.Petrobras has looked at creative ways to handle mature fields by either selling them or entering partnerships to boost recovery efforts.