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.

VLCC rates to stay flat as owners, charterers fight to give market direction

Reuters | March 27, 2015 | Energy | Maritime

ASIA-FREIGHT/:Asia Tankers-VLCC rates to stay flat as owners, charterers fight to give market direction Read More »

Permian Basin crude output at 2015 high in latest week

Reuters | March 26, 2015 | Energy | Discovery

Crude output in the Permian Basin rebounded close to record levels in the latest week as the biggest U.S. onshore oilfield extends gains after cold weather disrupted production and the number of rigs fell, data showed. Read More »

Canada’s New Brunswick province bans fracking, plans study

Reuters | March 26, 2015 | Energy | Discovery

Lawmakers in New Brunswick voted on Thursday to prohibit fracking in the eastern Canadian province, committing to study the controversial method of extracting oil and gas for one year before reconsidering the ban in 2016. Read More »

Canada government asks pipeline regulator for safety guidelines by 2016

Reuters | March 26, 2015 | Energy | Pipeline

Canada’s Conservative government has given the energy regulator about a year to deliver up-to-date guidelines for pipeline companies to improve safety and protect the environment. Read More »

Rosneft cancels rig contract with North Atlantic Drilling

Reuters | March 25, 2015 | Energy | Discovery

Russian oil firm Rosneft has cancelled a contract for a two-and-a-half year rig contract with Northern Offshore and Seadrill’s North Atlantic Drilling Ltd, the Norwegian offshore driller said. Read More »

Governor Scott Walker to Keynote NTTC’s Annual Conference

PR Newswire | March 24, 2015 | Energy | Rail and Road | Intermodal | Road

The National Tank Truck Carriers, Inc. (NTTC) today announced that Wisconsin Governor Scott Walker will offer the keynote address at its upcoming 67(th) Annual Conference & Exhibit Show. The conference will be held April 26-28 at the Boston Marriott Copley Place located in the heart of Boston's historic Back Bay. Read More »

Colonial Pipeline withdraws tariff change after complaints

AJOT | March 23, 2015 | Energy | Pipeline

COLONIAL-PIPELINE/SHIPPING:Colonial Pipeline withdraws tariff change after complaints Read More »

Asia Tankers-Ample tonnage, few cargoes weigh on VLCC rates

Reuters | March 20, 2015 | Energy | Maritime | Liner Shipping

Rates for very large crude carriers (VLCCs) on key Asian routes will face further pressure next week even as owners resist attempts to push rates lower, brokers said. Read More »

FERC halts Colonial Pipeline tariff change over competition worries

Reuters | March 19, 2015 | Energy | Pipeline

The Federal Energy Regulatory Commission has suspended a revised tariff for the Colonial Pipeline after two small shippers complained it would squeeze access and limit competition, according to regulatory filings. Read More »

Security of global oil and gas pipeline network to be analysed next week in Istanbul

AJOT | March 19, 2015 | Breakbulk & Projects | Projects | Energy | Pipeline

Oil and gas pipeline networks are particularly vulnerable critical infrastructure, which can be found in some of the world’s biggest conflict zones in Africa, the Middle East, Asia and Latin America; as well as in remote and hostile territories where the costs of conventional monitoring methods are too high to implement. Read More »

Venezuela aims to reduce $46 mln award in Tidewater ship case

Reuters | March 19, 2015 | Energy | Maritime

Venezuela will seek to reduce a $46 million compensation claim it has been ordered to pay to oil service company Tidewater in a case stemming from the 2009 seizure of vessels, its oil minister said in an interview published on Thursday. Read More »

Colonial allocates Cycle 17 shipments on two distillate lines

Reuters | March 19, 2015 | Energy | Pipeline

Colonial Pipeline is allocating space for Cycle 17 shipments on Line 2, its main distillate line, and Line 20, according to a notice sent to shippers on Thursday. Read More »

Brazil’s OSX says received trustee notification on unpaid debt

Reuters | March 18, 2015 | Energy | Maritime

Brazil’s bankrupt ship-leasing company OSX Brasil SA said on Wednesday it had been notified by Nordic Trustee that its subsidiary OSX 3 had failed to pay a debt of $560.1 million on time. Read More »

US Coast Guard completes LNG bunkering regulations with reference to DNV GL’s Recommended Practice

AJOT | March 17, 2015 | Energy | Alternative | Liner Shipping

Responding to the industry’s need for more guidance on procedures related to liquefied natural gas (LNG) bunkering, the US Coast Guard (USCG) has published two new Policy Letters on LNG Bunkering, Personnel Training and Waterfront Facilities. With regard to simultaneous operations (SIMOPS) USCG points to DNV GL’s Recommended Practice for “Development and Operation of LNG Bunkering Facilities” for guidance. Read More »

First supertanker docks at Vopak-Dialog Malaysia oil terminal

Reuters | March 16, 2015 | Energy | Maritime

A supertanker carrying about 1 million barrels of Middle East crude docked on Monday at a terminal jointly run by Vopak and Dialog Group in Malaysia, the companies said. Read More »

Brent down 3%, U.S. crude at 6 year low on growing stocks, Iran talks

Reuters | March 16, 2015 | Energy | International Trade

Brent oil fell about 3 percent on Monday and U.S. crude hit six-year lows on signs of higher output in the United States and Libya and a possible nuclear deal that could end sanctions for Iran, allowing more of its oil into the market. Read More »

Seadrill unit says Rosneft contract difficult to conclude as scheduled

Reuters | March 16, 2015 | Energy | Discovery

North Atlantic Drilling warned on Monday it would be difficult to conclude as scheduled a contract with Russia’s Rosneft due to weak market conditions and the challenging political environment. Read More »

First supertanker unloads oil at new Vopak-Dialog terminal in Malaysia

Reuters | March 16, 2015 | Energy | Maritime

A supertanker has docked at a joint-venture terminal between Vopak and Dialog Group in Malaysia and will unload about 1 million barrels of Middle East crude, the companies said on Monday. Read More »

Colonial allocates Cycle 16 shipments on Line 20

Reuters | March 13, 2015 | Energy | Pipeline

Colonial Pipeline is allocating space for Cycle 16 shipments on Line 20, according to a notice sent to shippers on Friday. Read More »

U.S. LNG projects hit by energy price slide

Reuters | March 13, 2015 | Breakbulk & Projects | Projects | Energy

Sinking oil and gas prices have put the brakes on the development of the U.S. liquefied natural gas (LNG) industry, with planned projects being delayed or even scrapped altogether. Read More »