BW Offshore earnings hit by FPSO explosion

BW Offshore said its earnings before tax had been negatively impacted by an accident earlier this year offshore Brazil. The company said the recovery project for the FPSO (Floating Production Storage and Offloading) vessel was still ongoing. In March an explosion on the Cidade de Sao Mateus killed nine of the 74 people on board.

Oil & Gas

Ship disruptions persist at Tianjin as some oil cargoes barred

Shipping and logistics companies reported delays and disruptions after the deadly blast at the Chinese port of Tianjin as some oil cargoes were still barred from one of its wharves. Freight companies including Auckland, New Zealand-based Mainfreight Ltd. and Japan’s Sankyu Inc. said the blast will cause delays or impact their businesses. Ships at Tianjin Port’s North wharf other than those carrying crude and hazardous products can enter and exit normally, according to a post from the official microblog of the Tianjin Maritime Safety Administration at 10:44 a.m. local time Friday. Tianjin is the 10th-busiest container port globally and has become a northern gateway for ore, coal, automobiles and oil into China, the world’s biggest user of energy, metals and grains. About 17 percent of the nation’s ethylene imports, 15 percent of its wheat deliveries and 30 percent of steel exports in the first half of 2015 were transported via the Tianjin customs area, government data show.

Other News

Firefighter pulled from wreckage of China explosion after 32-hour ordeal

Rescuers have pulled out a firefighter trapped for 32 hours after responding to the massive explosions in Tianjin. Meanwhile authorities moved forward gingerly in dealing with a fire still smouldering amid potentially dangerous chemicals. The two explosions late on Wednesday at the Chinese port city - one of them the equivalent of 21 tons of TNT - killed at least 50 people and injured more than 700.

Health, Safety & Environment

12 people killed in Nigerian oil pipeline explosion

Twelve people died and three were injured in an explosion during repair work at an Eni SpA crude oil pipeline in Nigeria. The victims worked on a maintenance team for a local service company, Rome-based Eni said in a statement Friday. The Tebidaba-Clough Creek pipeline in the Niger delta was previously “damaged by acts of sabotage.” The company said it is still investigating the cause of Thursday’s blast.