Transportation
Permian Strategic Partnership “applauds” increased transportation funds for Permian basin
(WO) — The following statement can be attributed to Permian Strategic Partnership (PSP) Chairman Secretary Don Evans:
“The Permian Strategic Partnership applauds the decision of the Texas Transportation Commission, which oversees the Texas Department of Transportation, …
U.S. drivers’ mileage in July falls to lowest for the month since 2012: Department of Transportation
U.S. motorists drove 11% fewer miles in July than a year ago as drivers stayed home due to the coronavirus pandemic, the U.S. Department of Transportation (DOT) said Tuesday in a monthly report.
U.S. drivers covered 262.4 billion vehicle …
Tallgrass Energy Partners prices upsized offering of $600 million of 7.500% senior notes due 2025
Tallgrass Energy Partners, LP (“TEP”) announced today that it, along with Tallgrass Energy Finance Corp., a subsidiary of TEP, priced an upsized offering of $600 million in aggregate principal amount of 7.500% senior unsecured notes due …
MOL shrinking fleet by 40 ships as part of defensive measures in response to COVID-19 crisis
Japanese shipping major Mitsui O.S.K. Lines (MOL) has devised a plan comprising defensive measures the company should take in order to reduce market exposure and reexamine investment activities in response to the coronavirus pandemic’s impact.
In order to …
U.S. Issues Final Rule Authorizing Widespread Transport of LNG by Rail
Oil & Gas Publishers Note: The conclusion: “The new regulations could aid small-scale LNG projects in remote areas or help stakeholders at a time when larger export terminals are facing development hurdles amid a global gas glut and …
BC Ferries’ Hybrid-electric Newbuilds Enter Service – A new update to a proven technology for WWII submarines
Oil & Gas Publishers Note: Have you ever been on a WWII submarine, or met one of the veterans that served on them? The diesel-electric hybrid submarines played a critical role in defeating the Axis Powers. I would love …
Equinor testing new LNG-powered shuttle tankers
Norwegian energy giant Equinor is testing two newbuild liquefied natural gas-powered shuttle tankers it chartered for operations in the North Sea.
The first tanker Eagle Blane is owned by Malaysian shipowner AET, while the second vessel Rainbow Spirit …
As summer driving season kicks off, it’s unclear just how many people will take to the road
This weekend’s Memorial Day holiday could be a test for the gasoline market, depending on whether drivers in reopening states hit the road and then keep on driving.
Gasoline demand is about 30% below where it was before states
Shale drillers float Jones Act waiver as balm for price pain
U.S. oil companies battered by the crude price war between Saudi Arabia and Russia are encouraging the Trump administration to waive a law that mandates only American vessels can be used to transport goods among U.S. ports.
A …
IEA plans to revise down oil demand forecasts due to virus
The International Energy Agency plans to revise down its oil-demand forecasts next week because of the spreading coronavirus.
“I am going to announce it Monday morning in Paris,” IEA chief Fatih Birol told a Congressional hearing in Washington …
Brookfield Infrastructure Reports 2019 Year-End Results
Brookfield Infrastructure Reports 2019 Year-End Results
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Geopolitical developments continue to drive maritime crude oil tanker rates
Following nearly 10 years of relative price stability, shipping rates for crude oil tankers have fluctuated widely since mid-2018 because of a combination of geopolitical events and changes to maritime fuel specifications. The U.S. Energy Information Administration (EIA) estimates …
Shipping Lines Turn to LNG-Powered Vessels, But They’re Worse for the Climate
Oceangoing ships powered by liquified natural gas are worse for the climate than those powered by conventional fuel oil, a new report suggests. The findings call into further question the climate benefits of natural gas, a fuel …
Euronav announces fourth quarter 2019 results
Euronav announces fourth quarter 2019 results
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Pembina Pipeline Corporation Announces Closing of $1 Billion Public Note Offering
Pembina Pipeline Corporation Announces Closing of $1 Billion Public Note Offering
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Cummins Westport B6.7N Natural Gas Engine Receives Near Zero Emissions Certifications; Full Natural Gas Engine Portfolio Now Certified Near Zero
Cummins Westport B6.7N Natural Gas Engine Receives Near Zero Emissions Certifications; Full Natural Gas Engine Portfolio Now Certified Near Zero
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Western Midstream Announces Entry Into New Service, Operating, And Governance Agreements
Western Midstream Announces Entry Into New Service, Operating, And Governance Agreements
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Texas-based flatbed carrier with 260 trucks shuts down, citing insurance costs – This is a sign of tough times for Oil Field Service companies.
Flatbed truckload operators have been unprofitable for most of 2019
Oil & Gas 360 Publishers Note: We have been watching the Oil Field Service (OFS) take serious losses due to the investor demand for short-term returns. Investors are …
Williams completes gateway expansion project ahead of schedule to help serve growing demand for natural gas in northeastern U.S.
Williams completes gateway expansion project ahead of schedule to help serve growing demand for natural gas in northeastern U.S.
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Mitsubishi Shipbuilding signed a contract with MOL for the first LNG-Fueled Ferry Built in Japan
JCN Newswire
– Two Vessels to Be Successively Completed and Delivered by 2023 –
– Applying technologies accumulated in LNG vessels to build LNG-fueled ferries
– Compared to conventional marine fuel oil, CO2 emissions per unit heat capacity are to …
Marine fuel floating storage builds in Asia ahead of new shipping rules
Stockpiles of low-sulphur marine fuels held in floating storage around the Singapore trading and pricing hub are steadily growing ahead of a 2020 global deadline for rules that have shaken the global oil refining and shipping industries.
A total …
Oil shipping rates soar as U.S. supertanker sanctions rattle crude trade
Source: Reuters
Key oil freight rates from the Middle East to Asia rocketed as much as 28% on Friday in a global oil shipping market spooked by United States sanctions on units of Chinese giant COSCO for alleged involvement in …
Bloom Energy and Samsung Heavy Industries team up to build solid oxide fuel cell powered ships
Replacing Oil-based Power Generation with Fuel Cells Could Reduce Greenhouse Gas Emissions from Marine Transport by 45%
Bloom Energy and Samsung Heavy Industries (SHI), a part of Samsung Group, today announced a collaboration to design and develop ships powered by …
Galveston Company Enters Race to Supply IMO 2020 Fuels
With a massive shift in the marine fuel market just months away from implementation, a Galveston fuel storage operator says it plans to operate a 50,000 barrel a day crude processing facility to meet new stricter …
Colorado Joins California in Requiring Automakers to Sell More Electric Cars
From CNBC
Colorado has become the 11th state to adopt California’s zero-emission-vehicle mandate forcing automakers to sell more electric cars in the state.
The new rule was passed by Colorado’s air-quality commission by a vote of 8 to 1 on …
Panama Canal Will Not Block Venezuela Vessels Despite U.S. Sanctions
From Reuters
The Panama Canal will continue authorizing vessels coming from Venezuela provided they present the necessary paperwork, the waterway’s chief said on Wednesday, suggesting a new round of U.S. sanctions on the South American nation should not make a …
The ‘Biggest Change in Oil Market History’ is Less Than Six Months Away
From CNBC
Tens of thousands of ships sailing the world’s oceans burn more than 3 million barrels of sludge-like high-sulfur fuel every single day. But, starting next year, the shipping industry will have to comply with rules that should dramatically …
SEACOR Marine Announces Departure of COO
SEACOR Marine Announces Departure of Chief Operating Officer
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Tesla Stock Surges on Q2 Delivery and Production Records
From CNBC
Tesla delivered 95,200 vehicles, produced 87,048 cars in Q2
Tesla’s stock surged in premarket trading Wednesday after the electric auto maker said it shattered its previous production and delivery records during the second quarter, soundly beating analysts’ estimates.…
