360 Feed Wire Russian gas company Novatek has said it has shipped its first LNG Cargo to the United Arab Emirates. Novatek said Friday that the cargo was shipped from the Yamal LNG project by its subsidiary NOVATEK Gas & Power Asia under a spot contract. “The LNG cargo was transshipped in Europe onto the conventional LNG tanker “Yamal Spirit”
MarineLink Iran seized a United Arab Emirates-registered ship violating its territorial waters this week, Iran’s Foreign Ministry said on Thursday, adding that UAE coastguards killed two Iranian fishermen on the same day. Tensions have risen between the two countries, which face each other across the Gulf, since last week’s agreement between the Gulf state and Tehran’s arch-foe Israel to normalize
Energy Mix Report The increasing flow of the United States crude into Europe is threatening to displace the region’s traditional light, sweet crudes, forcing sellers of Nigerian and Mediterranean crudes to discount September-loading cargoes. S&P Global Platts quoted traders on Wednesday as saying that the spot market for September-loading cargoes from Nigeria had not seen any activity for more than
Reuters LONDON/MEXICO CITY – Tankers carrying Iranian fuel cargoes covered by a U.S. warrant for seizure are sailing to the United States after talks between U.S. authorities and ship owners, a U.S. government source and a shipping source said on Thursday. Iran had planned to transport the gasoline to Venezuela, a supply line that both Tehran and Caracas have flaunted
Diamond S Shipping Inc. (NYSE: DSSI) (“Diamond S”, or the “Companyȁ…
Reuters NEW YORK/SINGAPORE – A shipping joint venture between Venezuela and China has fallen apart in the wake of U.S. sanctions, resulting in the South American nation losing three supertankers at a time when foreign shippers are reluctant to carry its oil, court documents show. PetroChina Co Ltd, which had been state-run Petroleos de Venezuela’s partner in the Singapore-based joint
Argus Houston, 5 August (Argus) — The US has sent what appears to be its first ever crude cargo to key Opec producer Saudi Arabia, according to the US Census Bureau. A 550,000 bl cargo left the US Gulf coast in June for Saudi Arabia, according to the latest available government statistics released today. This would mark the first crude shipment
MarineLink Oil & Gas Publishers Note: This is an outstanding article from MarineLink. Ina and Shyam nail the Marine Scrubbers issues. Yara Marine Technologies COO Ina Reksten and Research and Development Manager Shyam Bahadur Thapa reflect on the effects of the coronavirus crisis and share their vision for a future beyond the pandemic. 2020 will go down in history as
Offshore Energy Oil & Gas Publishers Note: There are some hidden takeaways in this article. The Chinese shipbuilding yard has 17 Large LNG carriers on order under a leasing business model. A brilliant business model to keep control of large assets. China’s Hudong-Zhonghua Shipbuilding is to deliver another LNG carrier that will serve the Novatek-operated Yamal project in the Arctic.
Bloom Energy (NYSE: BE) and Samsung Heavy Industries (SHI), a part of Samsung Group, have signed a joint development agreement (JDA) to design and develop fuel cell-powered ships.
MarineLink Oil & Gas Publishers Note: We have been covering this story on China and other countries trying to go around the U.S. sanctions on Venezuela. It is interesting that the refineries are watching where the shipments are originating. 16 Tankers holding 18.1 million barrels is a lot of oil. Tankers carrying nearly two months worth of Venezuelan oil output
Offshore Energy Greece-based shipping company TMS Cardiff Gas has taken delivery of another LNG tanker built by South Korea’s shipbuilder Hyundai Heavy Industries. The newest addition to the shipping company’s fleet is the 174,000-cbm Qogir. TMS Cardiff Gas took delivery of the newbuild LNG vessel on June 1. Qogir was subsequently accepted by its charterer Total Gas & Power, a unit of
