Sable Offshore Corp. announced Monday that it would use shuttle tankers as an alternative oil transportation plan if it encounters more delays with restarting its Santa Barbara County pipeline system.
TEN to become one of the largest independent Shuttle tanker operators ATHENS, Greece, March 18, 2025 (GLOBE NEWSWIRE) -- TEN, Ltd (NYSE: TEN) (the “Company”) announces the construction of nine DP2 ...
Shuttle tankers are specialized crude carriers that lift oil directly from offshore production units (FPSOs/FSOs or fixed platforms) and deliver it to onshore terminals or larger export tankers. They ...
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 ...
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, ...
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 ...
Tsakos Energy Navigation's share price has been stable, but recent wins, including a tender for 9 shuttle tankers, make it a compelling buy. Despite significant debt, Tsakos' newbuild program is ...
TEN reports Q1 2025 EBITDA of $103 million, net income of $38 million, and a $0.60 per share dividend. Tsakos Energy Navigation Ltd (TEN) reported strong financial results for Q1 2025, achieving an ...
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