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  • 3 March 2016
    Project & Tenders

    The floating production, storage and offloading (FPSO) vessel, Prof. John Evans Atta Mills, has reached Ghana following a journey from Singapore. The FPSO, which departed from Singapore on January 23, will be deployed at the Tullow-operated Tweneboa-Enyenra-Ntomme (TEN) offshore oil fields. Converted from an oil tanker in Sembcorp Marine’s Singapore yard, the TEN FPSO is 340 […]

  • 26 April 2013

    Tsakos Energy Navigation Limited (TEN or the “Company”), a leading product, crude and LNG tanker operator today announced the successful delivery of its second fully coated DP2 suezmax shuttle product tanker, Brasil 2014, from South Korea. The Brasil 2014 is a sister vessel to the Rio 2016 that was delivered in March. Both vessels are […]

  • 20 January 2017

    Oil and gas company Tullow Oil is planning to temporarily shut down operations at its Jubilee field, offshore Ghana, starting February 1, 2017.  A spokesperson for Tullow told Offshore Energy Today that the shutdown, which will last for fifteen days, is to allow for an interconnection between Jubilee and Tullow’s other Ghanaian field, the Tweneboa, Enyenra […]

  • 24 November 2014
    Business & Finance

    Athens-based tanker owner and operator Tsakos Energy Navigation Limited (TEN) has reported an improved net income for the first nine months of 2014, benefiting from very strong spot tanker rates triggered by the reduction in the price of oil, the company said in its financial report. TEN recorded a net income of USD 20.0 million for the […]

  • 17 August 2016
    Project & Tenders

    First oil production from the Tullow-operated Tweneboa, Enyenra and Ntomme (TEN) project, offshore Ghana, is reportedly expected on Thursday, August 18, 2016.  According to Graphic Online, a news website from Ghana, the country’s president John Dramani Mahama will inaugurate the first oil from the TEN project on Thursday in an act described as ‘ceremonial valve turning’. […]

  • 18 August 2016
    Project & Tenders

    Independent oil exploration and production company Tullow Oil plc has informed that first oil has flowed from the Tweneboa, Enyenra, Ntomme (TEN) fields offshore Ghana, to the FPSO Prof. John Evans Atta Mills. The FPSO is moored around sixty kilometers offshore Western Ghana at a water depth averaging 1,500 meters. The charter contract for the MODEC-owned […]

  • 20 March 2015
    Business & Finance

    Greek tanker operator Tsakos Energy Navigation (TEN) posted the best annual results in 2014 since 2010, reaching USD 33.5 million profit, a significant recovery compared to a USD 9.2 million loss in 2013. The company’s operating income for 2014 was USD 76 million compared to USD 33.2 million (before USD 28.3 million impairment charges) in 2013, a […]

  • 25 January 2016

    The Prof. John Evans Atta Mills FPSO, to be deployed at the TEN offshore development in Ghana, has set sail from Singapore to its W. Africa location. The FPSO left Singapore during the weekend. Converted from an oil tanker in Sembcorp Marine’s Singapore yard, the TEN FPSO is 340 metres long and has the capacity […]

  • 20 September 2017
    Business & Finance

    Despite an increase in its voyage revenues for the period ended June 30, 2017, Greek tanker operator Tsakos Energy Navigation (TEN) saw a drop in its net income. Namely, for the first six months of 2017, TEN’s net income halved at USD 21.1 million when compared with USD 41.8 million seen in the first half […]

  • 17 September 2015
    Business & Finance

    A new joint venture between Harkand and Consolidated Shipping Agencies Ltd has resulted in its first contract win in Ghana, West Africa. The award will see the global inspection, repair and maintenance (IRM) company delivering onshore and offshore support to Technip in the region. Having formed a strategic alliance with Consolidated Shipping Agencies Ltd, the […]

  • 1 October 2015

    Tullow Oil, an independent, London-listed, oil and gas exploration and production company, saw its shares rise eight percent on Thursday, after it announced its available debt capacity remained unchanged at $3.7 billion following a routine half-year review with the lenders. The company’s shares were at 169 pence Thursday afternoon. The oil firm boasted that the […]

  • 24 June 2015
    Business & Finance

    International oilfield services company, Expro, has been awarded new contracts from Tullow Oil plc, Africa’s independent oil company. Worth in excess of $100 million over three years, the contracts will see Expro work across Tullow Oil’s assets in Ghana, including the Jubilee Field and the Tweneboa-Enyenra-Ntomme (TEN) field project. Following on from Expro’s phase one […]

  • 20 February 2018
    Business & Finance

    More than 87 pct of the global fleet capacity is controlled by only ten out of 67 shipping lines.

  • 24 September 2014
    Business & Finance

    China Cosco Holdings Co (CCHC) said it has entered into deals for a total of ten boxships worth USD 420.4 million. Cosco has ordered six 81,600-dwt kamsarmaxes worth $188.88m in total, 31.4 million each, through its Prosperity Investment unit. The kamsarmaxes will be built by Chengxi Shipyard with expected delivery starting from 2016 to 2017. The company has ordered four […]

  • 6 October 2014
    Business & Finance

    Tsakos Energy Navigation Ltd. (TEN), a Greek crude, product and LNG tanker operator, has confirmed charter extension for three product tankers, including two Panamaxes and one MR, for two and three years respectively to an unnamed South American oil major. The company projects these contracts to bring USD 40 million in total gross revenues under the new charters. Although […]

  • 5 November 2018

    Tullow Oil is working to increase production from two of its operated fields offshore Ghana towards the nameplate capacity of FPSOs operating on the respective fields.

  • 30 January 2013
    Business & Finance

    The European Union will support with over €1.2 million from the TEN-T Programme a study aimed at identifying and addressing the potential barriers to the construction and operation of Liquefied Natural Gas (LNG) fuelled vessels. The project, which was selected for funding under the 2011 TEN-T Annual Call, will examine the technical requirements, regulations and […]

  • 13 January 2016

    Tullow Oil, the operator of the TEN project, offshore Ghana, has informed that the project is 80% complete and continues to make “excellent progress”. In a trading statement on Wednesday, the company said the project, aimed at developing  Tweneboa, Enyenra and Ntomme (TEN) discoveries, remains within budget and on schedule for first oil between July and […]

  • 4 March 2015
    Business & Finance

    Greek tanker owner and operator Tsakos Energy Navigation (TEN) has extended the charters for the Panamax tankers Selini and Salamina for 24 and 30 months respectively, with further 12-month extension options, to a European oil major, possibly Shell. With the additional extension options, TEN expects the minimum gross revenue from this charter with profit sharing provisions to be around […]

  • 13 March 2014
    Business & Finance

    The European Commission yesterday appointed European coordinators for each of the nine core network corridors of the trans-European transport network (or TEN-T), as well as for the European Rail Traffic Management System (ERTMS) and for Motorways of the Sea. The core TEN-T transport network creates two North–South corridors, three East–West corridors; and four diagonal corridors. […]

  • 13 January 2013

    The European Union will co-finance with over €250,000 from the TEN-T Programme a project to convert an existing vessel into a Liquefied Natural Gas (LNG) bunkering ship so that it may be used to refuel other ships. The project, which takes place in the Port of Stockholm and contributes to the realisation of the Motorways […]

  • 27 January 2014

    Shanghai Waigaoqiao Shipbuilding (SWS) and CSSC Shipping (Hong Kong), one of the China State Shipbuilding Corp (CSSC) subsidiaries, have signed a contract for the construction of up to ten bulk carriers. Under the deal, SWS will build 5+5 208,000 DWT bulkers scheduled for delivery from 2016 onwards. With the total amount of 10 million DWT in […]