Reuters MEXICO CITY – On Aug. 21, a tanker called the Otoman docked at the Jose oil terminal on Venezuela’s coast in the Caribbean to load 1.82 million barrels of heavy crude, according to the state oil company’s internal documents. Yet no tanker with that name is registered in major global shipping databases. Muddying the situation further, the unique identifier
EIA Oil & Gas 360 Publishers Note: We have been covering the floating storage issues on our Daily Energy Market News Desk, and the subsequent impact on world crude pricing. In March and April 2020, reduced demand for crude oil and petroleum products in response to COVID-19 mitigation efforts led to a sharp increase in global crude oil inventories. As onshore
Reuters HAIFA, Israel – The ship-to-shore crane paused above the cargo ship just arrived from Dubai, then set its load down on the pier in Israel. One after another, eight containers filled with electronics, cleaning supplies, iron and firefighting equipment were unloaded off the MSC Paris, one of the first cargo ships to make the voyage between the United Arab
Marine Link More than half a dozen liquefied natural gas (LNG) tankers were waiting to enter U.S. export plants in the Gulf of Mexico as Hurricane Delta marches toward the Gulf Coast. Most tankers were located outside of Cheniere Energy Inc’s Sabine Pass and Cameron LNG’s Cameron plants in Louisiana, according to data from Refinitiv. There were also a few
Image source: National Hurricane Center HOUSTON (Reuters) – Oil and gas workers wit…
Petronet Selects Platts West India Marker for November LNG cargo tender First t…
Hellenic Shipping News Oil & Gas 360 Publishers Note: Very interesting article with some nice nuggets. Don’t agree with many of the view points, but still an interesting article. At UN Climate Week this week, calls have increased for shipping to urgently ditch fossil fuels to meet the planet’s climate goals. The global shipping industry remains weakly regulated and is
MarineLink Oil & Gas 360 Publishers Note: We have been following this story for some time. The pending disaster will make the Exxon Valdez look like a bathtub ring after a bath. compared to Safer tanker could be 4 times the amount of oil. The people of Yemen do not deserve this potential disaster that could have been averted for
Offshore Energy Russia’s largest independent natural gas producer Novatek has signed long-term charter deals for 14 Arc7 ice-class tankers for its Arctic LNG 2 project. The company noted in its statement on Monday it has signed deals with Smart LNG, a joint venture between Novatek and Sovcomflot. The tankers will be built at the Zvezda Shipbuilding Complex. The signing of
MarineLink Oil & Gas 360 Publishers Note: Earlier this week we ran a story about BHP exporting coke coal from Australia to Asia, and not have the fossil fuel count against the BHP Co2 emissions under their goal to carbon free operations. Here is some key tidbits from this week’s news stories: (1) Coke coal is used in making steal;
Argus Oil & Gas 360 Publishers Note: As this is a decommissioned tanker that has been repurposed for storage, and it is an example of a larger problem that is lurking on the horizon. It is not clear how many of these types of off shore storage tankers are in use around the world, however there are some recently that
Fox Business The energy industry is assessing damage caused by storm surges and high winds as Hurricane Laura cut a dangerous path across the coastlines of Texas and Louisiana, making landfall early Thursday. Oil and gas producers evacuated platforms and rigs in the Gulf of Mexico and companies shut down refineries in the storm’s path. More than 900,000 customers were without power in
