Maritime

Maersk proposes sale of part of Angola oil stake

Reuters | September 09, 2014 | Energy | Maritime

Maersk Oil, a unit of Denmark’s A.P. Moller-Maersk A/S, has proposed the sale of a part of its stake in the deepwater Chissonga project in Angola, Danish newspaper Jyllands Posten reported, citing sources familiar with the process. Read More »

Kenya plans oil jetty to cut import costs, handle crude exports

Reuters | September 09, 2014 | Energy | Maritime

State-run National Oil Corporation of Kenya (NOCK) is revamping plans for a new oil jetty in the port city of Mombasa so it can both cut the cost of imports and handle crude exports from east Africa. Read More »

CITGO Receives Marine Environmental Stewardship Award

PR Newswire | September 08, 2014 | Energy | Maritime | Liner Shipping

CITGO Petroleum Corporation was recently recognized by American Commercial Lines Inc. with its Marine Environmental Stewardship Award. The award recognized ACL customers that safely handled over two billion gallons of chemicals, petroleum products, and other liquid cargoes with the barge transportation company in 2013. Read More »

MOL and Viken Shipping conclude partnership for long-term charter service for Transpetro of Brazil

AJOT | September 03, 2014 | Energy | Maritime

Mitsui O.S.K. Lines, Ltd. today announced that the company has decided to establish a ship-owning joint venture with Viken Shipping AS and participate in a shuttle tanker project. Read More »

Buckeye buys Trafigura’s prized Texas oil assets

Reuters | September 03, 2014 | Energy | Maritime

Oil logistics specialist Buckeye Partners LP will pay $860 million for control of Trafigura’s prized oil facilities in the Texas shale hub amid expectations Washington will relax its crude oil export ban. Read More »

Mexico’s Cayo Arcas, Dos Bocas oil ports closed due to bad weather

Reuters | September 01, 2014 | Energy | Maritime | Ports & Terminals

Two of Mexico’s major crude oil export hubs along the country’s Gulf coast were closed because of bad weather, the Communications and Transport Ministry said on Monday. Read More »

Disputed Kurdish oil tanker reappears off Texas coast, still full

Reuters | September 01, 2014 | Energy | Maritime

A tanker carrying disputed Iraqi Kurdish crude oil reappeared on satellite tracking on Monday near Texas, days after having gone silent with a $100 million cargo, but the latest vessel data showed it had not offloaded at sea. Read More »

Impasse over Kurdish tanker near Texas to drag on, more tussles likely

Reuters | August 26, 2014 | Energy | Maritime

A tanker loaded with $100 million of Kurdish crude oil cannot be delivered in Texas soon because of risks for buyers as Iraq mulls further legal challenges, so a month-long standoff will drag on, a source close to the matter said on Tuesday. Read More »

Gazprom and Sovcomflot expand cooperation in LNG transportation

AJOT | August 26, 2014 | Energy | Maritime

Gazprom and Sovcomflot named the new state-of-the-art 170,000m³ liquefied natural gas carrier (LNGC) Pskov, after one of the oldest Russian cities. The ship will be chartered to Gazprom Global LNG (GGLNG) under a long-term contract. Read More »

U.S. court scraps order to seize Kurdish crude from tanker near Texas

Reuters | August 25, 2014 | Energy | Maritime

A U.S. court on Monday threw out an order to seize some 1 million barrels of disputed Iraqi Kurdish crude oil from a tanker near Texas, a move that could allow the cargo to be delivered and end a nearly month-long impasse. Read More »

Wärtsilä awarded another design contract for arctic operations

AJOT | August 11, 2014 | Energy | Maritime | Discovery

A second confirmed design contract for Wärtsilä’s new series of arctic platform supply vessels has been signed. This latest order is for a multi-purpose platform supply vessel (MPSV) being built by Tersan Shipyard in Turkey on behalf of U.S.- based Tidewater Inc Read More »

Mideast crude tanker rates struggle to make gains over ship glut

Reuters | August 08, 2014 | Energy | Maritime

Crude oil tanker earnings on the major Middle East route were steady this week, helped by light bookings although rates have yet to rebound after a recent surge late last month. Read More »

Long range products tanker rates keep gains for now

Reuters | August 08, 2014 | Energy | Maritime

Long-range clean tanker rates remained firm this week although a likely slowdown in bookings was expected to cap the pace of gains in coming days. Read More »

Cameron LNG project gets final investment approval

Reuters | August 06, 2014 | Energy | Maritime

Japanese partners in the Cameron liquefied natural gas (LNG) terminal in the U.S. state of Louisiana said on Thursday the project has received final investment approval and lined up $7.4 billion in financing. Read More »

Marathon Oil exploring all ways to export condensate

Reuters | August 05, 2014 | Energy | Maritime

U.S. oil and gas company Marathon Oil Corp is pursuing all ways to export the condensate it produces in places including the Eagle Ford in South Texas, Chief Executive Lee Tillman said. Read More »

China to build more LNG tankers in high-tech push

Reuters | August 04, 2014 | Energy | Maritime

Chinese shipyards are aiming to take some $10 billion in orders for new LNG tankers over the rest of the decade, part of a plan to restructure the country’s ailing shipbuilding sector and secure China’s energy supply chain. Read More »

Kurds ask U.S. court to scrap seizure order, allow crude delivery

Reuters | August 04, 2014 | Energy | Maritime

The Kurdistan Regional Government (KRG) of Iraq asked a U.S. court on Monday to throw out an order to seize some 1 million barrels of disputed crude oil and allow the cargo to be freely delivered in Texas. Read More »

LyondellBasell emerges as mystery U.S. buyer of Kurdish oil; says no more

Reuters | July 31, 2014 | Energy | Maritime

Chemicals firm LyondellBasell, owned by Ukraine-born billionaire Leonard Blavatnik, has emerged as the mystery American buyer of Kurdish crude oil this year, but said on Thursday it will not be buying any more due to an ownership dispute. Read More »

US DOE gives approval to Oregon project to export LNG

Reuters | July 31, 2014 | Energy | Maritime

The U.S. Energy Department said on Thursday it has approved Oregon LNG to export liquefied natural gas, as the Obama administration works through applications to export fuel from the domestic drilling boom to markets in Asia and Europe. Read More »

Kurdistan says crude cargo near Texas legally sold

Reuters | July 31, 2014 | Energy | Maritime

A $100 million cargo of crude oil in a tanker near Texas was legally shipped and sold by Kurdistan, lawyers for the autonomous region in Iraq told a U.S. court in a letter seen on Thursday, saying Baghdad has no right to the barrels. Read More »