6,000,000,000 barrels ...and counting! SPT is a fully dedicated lightering company operating out of Houston, Texas. In the last 20 years, we have performed more than 10,000 operations, transferring over 6 billion barrels of crude oil and petroleum products. On a daily basis, we lighter 1.1 million barrels of crude a day, or 15% of all seaborne crude oil into US ports. SPT operates 9 Aframax tankers and 8 Lightering Support Vessels.

LATEST NEWS: October 1, 2007:  Simon Duncan is named President of SPT. May 18, 2007:  SPT takes delivery of the first of six purpose-designed and dedicated lightering tankers.  (more) February 10, 2007:  SPT, in conjunction with Excelerate Energy and Exmar, completed the world's first full-scale commercial ship-to-ship transfer of liquefied natural gas. Approximately 138,000 cubic meters of LNG was transferred from the LNG-C Excalibur to the LNG Regas Vessel Excelsior inside Scapa Flow in the Orkney Islands. The operation took a total of 41 hours with the cargo transfer lasting 26 hours. The entire lightering operation went according to plan without any incident, accident or injury. October 23, 2006:  Dermot Loughnane assumes the role as President and CEO of SPT.  In addition, Trygve Dyrlie joins SPT as Executive Vice President, focusing on the Commercial and Business Development aspects of the company. 15 February 2006: The Carol Hanley Memorial Party pictures are available. (more) 23 March 2005: SPT is pleased to announce it has expanded its services into the BALTIC SEA. SPT is the only company offering one-stop services for STS equipment, personnel and shuttle tankers. (more) 19 June 2004: The SPT golf tournament pictures are now available online as well as the 5 billion barrel bash pictures. I.M. SKAUGEN TEAMS UP WITH TEEKAY FOR LIGHTERING BUSINESS. I.M. Skaugen will enter into a joint venture with Teekay Shipping to expand its lightering business. SPT will continue to operate as an autonomous entity ... SKAUGEN PETROTRANS ESTABLISHES ITS CARIBBEAN LIGHTERING BASE SPT has recently established its base for lightering operations in the Caribbean.  Ship-to-ship transfers allow terminals and facilities that can not accomodate a full VLCC cargo to still take advantage of economies of scale for freight, but maintain the flexibility of smaller cargo sizes. COMPANY: SPT is a jointly owned company of I.M Skaugen SE (50%) and Teekay Corporation (50%). SPT is the world's largest company performing ship-to-ship transfers of crude oil. The company provides regular lightering services in the US Gulf Coast, US Atlantic Coast, US West Coast, Arabian Gulf and Mediterranean. In addition, services can be provided in other locations upon request. CONTACT US: Skaugen PetroTrans, Inc. Two Houston Center 909 Fannin, Suite 3300  Houston, TX  77010  Email:  skaugenonline@skaugen.com  Tel:  (713) 266-8000 Fax:  (713) 266-0309 Telex:  284209 SPT INC