Energy

Pipe(line) dreams - by Matt Miller

Pipelines are big business and even bigger geo-politics. Just ask Russia’s President Vladimir Putin who without much fanfare cancelled the “South Stream,” one of the world’s largest pipeline projects. And there is the controversial Keystone XL pipeline project, which elicits a continental divide of opinions in the US congress. Dreams for new pipelines abound but political realities dampen prospects.

Bahri signed an agreement to build 5 crude carriers with Hyundai Samho Heavy Industries Co. Ltd.

AJOT | May 28, 2015 | Energy | Maritime | Liner Shipping

The National Shipping Company of Saudi Arabia (Bahri) signed with Hyundai Samho Heavy Industries (HSHI) today, May 21, 2015, an agreement to build 5 VLCCs plus 5 more optional VLCCs. Read More »

Indonesia’s Pertamina signs MoU for Kalibaru fuel storage terminal

Reuters | May 28, 2015 | Energy | Maritime

Indonesia’s Pertamina signed a memorandum of understanding (MoU) with state port firm Pelindo II and shipping firm ASDP to build a fuel import terminal in Kalibaru, State Owned Enterprise Minister Rini Soemarno said on Thursday. Read More »

Federal government orders pipeline company to clean California oil spill

Reuters | May 27, 2015 | Energy | Pipeline

The federal government on Wednesday ordered a company at the center of a Southern California oil spill to continue its efforts to clean up the pipeline breach that dumped crude onto a pristine stretch of shoreline and into the Pacific Ocean. Read More »

California oil spill cited by foes of new offshore drilling plan

Reuters | May 27, 2015 | Energy | Discovery

Environmentalists urged California regulators on Wednesday to reject a proposed expansion of the only offshore drilling operation still permitted in state waters along the Santa Barbara coastline, seizing on public outrage over last week’s nearby oil spill. Read More »

Brazil petroleum group suggests changes to national-content rules

Reuters | May 27, 2015 | Energy | Maritime | International Trade

Brazil’s national oil-industry association, IBP, released a list of suggestions for regulatory changes on Monday that it hopes will boost exploration activity in the wake of falling oil prices, high costs, delays and a graft scandal at state-run oil company Petrobras. Read More »

California oil spill takes toll on marine mammals, birds

Reuters | May 26, 2015 | Energy | Maritime

More than two dozen marine mammals and nearly 40 birds, most of them pelicans, have been collected dead and alive from along California’s oil-fouled coastline near Santa Barbara in the week since a petroleum pipeline ruptured there, wildlife officials said on Tuesday. Read More »

Activists damage habitat in Seattle bay during Shell oil protests

Reuters | May 22, 2015 | Energy | Maritime | Liner Shipping

Environmental activists who fanned out in small boats across a Seattle bay over the weekend in a protest over Royal Dutch Shell ‘s plans for Arctic oil exploration in the have damaged “precious habitat” on the sea floor, a state official said on Friday. Read More »

U.S. oil platform on fire in Gulf Of Mexico; no injuries

Reuters | May 22, 2015 | Energy | Maritime

An oil platform caught fire and was evacuated in the U.S. Gulf of Mexico offshore Louisiana in the early hours of Friday, though no injuries were reported, the U.S. Coast Guard said. Read More »

Washington state judge denies Shell appeal on rail project review

Reuters | May 21, 2015 | Energy | Pipeline | Intermodal | Rail

A judge on Thursday denied Royal Dutch Shell’s appeal of a ruling that a proposed oil-by-rail project at its Washington state refinery must undergo a full environmental review, just two weeks after a crude train derailment caused a fire in North Dakota. Read More »

Protesters gather in Seattle to block access to Shell oil rig

Reuters | May 18, 2015 | Energy | Discovery

About 200 protesters gathered at the Port of Seattle on Monday to block access to a Royal Dutch Shell drilling rig headed for the Arctic this summer to resume exploration for oil and gas reserves. Read More »

Goldman Sachs cuts crude price forecasts for the next five years

Reuters | May 18, 2015 | Energy | International Trade

Goldman Sachs slashed its crude oil price forecasts for 2016 to 2020, citing improved U.S. shale efficiency meeting global oil demand, coupled with unimpeded OPEC productivity. Read More »

Seattle flotilla protests Shell’s Arctic drilling plans

Reuters | May 17, 2015 | Energy | Discovery | Ports & Terminals | Ports | Wet Bulk Port

Hundreds of activists in kayaks and small boats fanned out on a Seattle bay on Saturday to protest plans by Royal Dutch Shell to resume oil exploration in the Arctic and keep two of its drilling rigs stored in the city’s port. Read More »

Qatar Petroleum to restructure in wake of oil price fall

Reuters | May 17, 2015 | Energy

State-owned Qatar Petroleum will announce a restructuring plan in the coming months to adapt to the drop in oil prices, the head of its wholly owned international subsidiary said. Read More »

Tanker attacked by Iranian craft collided with Iran oil platform in March

Reuters | May 15, 2015 | Energy | Maritime | Liner Shipping

A Singapore-flagged oil products tanker fired at by Iranian craft on Thursday had previously collided with an Iranian oil drilling platform in March and efforts have since been made to resolve the issue, the owner said on Friday. Read More »

Petrobras to use Edison Chouest offshore base at Brazil’s Açu port

Reuters | May 13, 2015 | Energy | Maritime | Ports & Terminals | Ports | Wet Bulk Port

Brazil’s state-run oil company Petrobras will use offshore docks operated by U.S. ship-leasing company Edison Chouest to handle oil-service vessels at the Brazilian Port of Açu, the head of the company that owns the port said on Wednesday. Read More »

Colonial allocates Cycle 28 shipments on its main distillate line

Reuters | May 13, 2015 | Energy | Pipeline

Colonial Pipeline is allocating shipments on its Line 2, its main distillate line, for Cycle 28, the company said in a notice sent to shippers on Wednesday. Read More »

DNV GL awarded offshore pipelay surveillance contract for Polarled pipeline

AJOT | May 13, 2015 | Breakbulk & Projects | Projects | Energy | Pipeline

DNV GL, the technical advisor to the oil and gas industry, has been awarded another offshore pipelay surveillance contract by Statoil to monitor quality assurance throughout the installation campaign. Read More »

Asian jet fuel shipments to US West Coast to pick up in May

Reuters | May 13, 2015 | Energy | Maritime

Asian jet fuel shipments to the United States West Coast region could pick up this month as a prolonged cut in throughput at a California refinery is drawing down inventories, traders said on Wednesday. Read More »

Seattle activist tries to block Shell’s fuel-transfer station

Reuters | May 13, 2015 | Energy | Maritime

An activist perched herself on a 15-foot tripod to try to block the entrance of a Royal Dutch Shell fuel-transfer station on Tuesday, in a harbinger of expected protests over the company’s plan to store Arctic drilling rigs in Seattle. Read More »

TransCanada says leak on Alberta natural gas pipeline shut in

Reuters | May 12, 2015 | Energy | Pipeline

A natural gas leak on a section of a TransCanada Corp pipeline near Medicine Hat, Alberta, has been safely shut in, TransCanada said on Tuesday. Read More »