Maritime

Iraqi Kurdistan sends letter to U.S. court over oil cargo

Reuters | July 30, 2014 | Energy | Maritime

The Kurdistan Regional Government (KRG) said on Wednesday it had sent a letter to a U.S. court in Texas over a seized cargo of Kurdish crude oil to counter claims from Iraq’s central government in Baghdad which maintains the oil was illegally exported. Read More »

Acciona close to naming advisers for foreign energy float

Reuters | July 30, 2014 | Energy | Maritime | Liner Shipping

* Wind farm yieldco with KKR toSpanish infrastructure and energy firm Acciona is close to mandating advisers for a stock market listing of its foreign wind farms and may sell its shipping business this year in a push keep debt under control, an executive said on Wednesday. Read More »

Ship loads first U.S. condensate export cargo in 40 years

Reuters | July 30, 2014 | Energy | Maritime

An oil tanker has started loading a cargo of condensate, or ultra-light oil, the first such export from the United States since the easing of a 40-year-old ban on U.S. crude exports, two sources familiar with the matter said on Wednesday. Read More »

U.S. judge says Kurdish tanker near Texas out of court’s jurisdiction

Reuters | July 29, 2014 | Energy | Maritime

A U.S. judge said on Tuesday her court “has no jurisdiction” over a tanker near Texas loaded with Kurdish crude oil because it is some 60 miles offshore, meaning the order she issued earlier to seize the $100 million cargo cannot be enforced at this time. Read More »

U.S. to seize Kurdish oil from tanker off Texas

Reuters | July 29, 2014 | Energy | Maritime

U.S. authorities are set to seize a cargo of oil from Iraqi Kurdistan anchored off the Texas coast after a judge approved a request from Baghdad, raising the stakes in an oil sales dispute between Iraq’s central government and the autonomous region. Read More »

Fortis pushes ahead with Canada LNG for transport expansion

Reuters | July 28, 2014 | Energy | Maritime

Fortis Inc is pushing ahead with a C$400 million ($370.4 million) expansion of its Tilbury liquefied natural gas (LNG) plant in British Columbia, as the gas distributor looks to meet growing domestic demand for the super-chilled fuel. Read More »

Tanker with Iraqi Kurdish crude cleared to unload cargo off Texas

Reuters | July 27, 2014 | Energy | Maritime

A tanker carrying crude oil from Iraqi Kurdistan was cleared by the U.S. Coast Guard to unload its cargo at sea off Texas on Sunday as a State Department official signaled Washington would not intervene to block delivery of the controversial crude. Read More »

U.S. sells first condensate to Asia in at least 40 years

Reuters | July 24, 2014 | Energy | Maritime

South Korea and Japan have purchased the first condensate, or ultra-light oil, from the United States since the easing of a 40-year-old ban on U.S. crude oil exports, sources familiar with the matter told Reuters on Thursday. Read More »

Iraq’s south oil exports rise to near-record, avoid northern conflict

Reuters | July 23, 2014 | Energy | Maritime

Iraq’s oil exports from its southern terminals in July rose to a near-record rate, according to loading data and industry sources, remaining unaffected by fighting in other parts of the country. Read More »

Wilhelmsen Technical Solutions secures Inert Gas System orders for LNG carriers

AJOT | July 23, 2014 | Energy | Maritime | Liner Shipping

Breakthrough order in Japanese shipbuilding market sees largest ever capacity Maritime Protection IG units delivered for leading domestic owners Read More »

Maine port city bans oil loading as Canada seeks export options

Reuters | July 22, 2014 | Energy | Maritime | Ports & Terminals

City councilors in South Portland, Maine, voted late Monday night to ban the loading of crude oil onto tankers along its waterfront, throwing up yet another roadblock to the export of Canadian oil sands crude and setting up a showdown with industry which called the process illegal. Read More »

Libya reaches deal to reopen Brega oil port

Reuters | July 21, 2014 | Energy | Maritime

Libya state oil company National Oil Corp (NOC) has reached a deal with security guards to end a protest at eastern Brega oil port, which is expected to allow the terminal to reopen on Tuesday, a company spokesman said. Read More »

Rosneft CEO Sechin says U.S. sanctions on company are illegal

Reuters | July 16, 2014 | Energy | Maritime

Rosneft Chief Executive Officer Igor Sechin said on Wednesday that U.S. sanctions on the Russian state-controlled energy company are illegal because it has no role in the crisis in Ukraine. Read More »

Med tanker market pins freight rate hopes on Libya oil export push

Reuters | July 16, 2014 | Energy | Maritime

Rising oil exports from Libya after months of disruption helped push Mediterranean tanker rates to the highest levels in nearly six months on Wednesday, and shipping players expected more gains in earnings as shipments from the OPEC member step up. Read More »

Libya offers first oil from Ras Lanuf port since reopening

Reuters | July 16, 2014 | Energy | Maritime

Libya’s National Oil Corp has issued a tender to sell 1 million barrels of Amna crude oil from its major eastern Ras Lanuf oil port, a tender document dated July 16 showed on Wednesday. Read More »

Libya’s oil exports stutter, major eastern ports await restart

Reuters | July 16, 2014 | Energy | Maritime

Libya will not be able to export oil through its two largest eastern ports before August, due to safety checks after a near year-long closure, a senior oil official said on Wednesday. Read More »

Libya’s Brega oil port still closed by oil guards

Reuters | July 16, 2014 | Energy | Maritime

Libya’s eastern Brega oil port remained closed on Wednesday because of protesting oil guards who blocked the port at the weekend, a spokesman for Libya’s National Oil Corp (NOC) said. Read More »

Nordic American Tankers Limited Taking delivery of its 21st ship - enhancing the dividend

GlobeNewswire | July 16, 2014 | Energy | Maritime

Nordic American Tankers Limited announced that it took delivery of its 21st Suezmax vessel, the Nordic Sprinter, built in 2005 at a shipyard in Korea. NAT agreed to purchase the vessel as announced in our press release June 5, 2014. Read More »

Pirates attack Malaysian oil tanker in South China Sea

Reuters | July 16, 2014 | Energy | Maritime | Liner Shipping

Pirates attacked a Malaysian oil tanker in the Malacca Straits and siphoned off its load, the Malaysian navy and officials said on Wednesday, the latest in a series of hijackings raising tension in Southeast Asia’s busy sea lanes. Read More »

Iran oil tanker firm still faces sanctions after EU blacklisting annulled

Reuters | July 14, 2014 | Energy | Maritime

Iran’s main oil tanker firm NITC will struggle for some time to call at European ports, get foreign insurance and overcome obstacles under western sanctions, even after a top court has annulled its blacklisted status in the European Union. Read More »