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Shipping of First LNG Cargo from Prelude is "Imminent" - Royal Dutch Shell

Jun 04, 2019

Shipping of the first liquefied natural gas (LNG) cargo from the long-awaited Prelude floating production project in Australia is 'imminent', Royal Dutch Shell said on Tuesday.Prelude - the world's biggest floating LNG production unit and the…

Tainted Oil Set for Russian Refineries, Ports After Dilution

May 31, 2019

More than a million tonnes of contaminated oil from Russia's Druzhba ('Friendship') pipeline, expected to be shipped back from Belarus, will end up at Russian refineries and export ports after being diluted to usable levels, sources have told Reuters…

Tellurian to Decide on Louisiana Driftwood LNG Project in 2019

May 08, 2019

Tellurian Inc confirmed on Wednesday it still plans to make a final investment decision to build its proposed $30 billion Driftwood liquefied natural gas (LNG) export project in Louisiana in 2019:* The company, in a first-quarter earnings statement…

Oil Prices Fall After Trump's Tariff Threat Against China

May 06, 2019

Oil prices fell on Monday after U.S. President Donald Trump said he would sharply raise tariffs on Chinese goods this week, risking the derailment of trade talks between the world's two biggest economies.U.S. West Texas Intermediate (WTI) crude futures were at $61…

Additional Tanker Supply Arranged in Russia Pipeline Crisis

May 02, 2019

Shareholders of two German refineries are arranging crude tanker shipments via the Baltic Sea in response to the halt of import flows on the Russian Druzhba pipeline, a spokesman for industry group MWV said on Thursday.He said that one tanker…

Oil Shipments from Georgia's Batumi Port Drop

May 01, 2019

Oil and oil-related shipments from Georgia's Black Sea port of Batumi dropped 24 percent in the first four months of 2019 from a year earlier, an official at a KazMunaiGas-operated terminal at the port said on Wednesday.Shipments of crude oil…

GAC Steps up in Guyana

Apr 05, 2019

GAC has opened its newest company in the South American country of Guyana in response to demand for professional shipping and logistics support following the discovery of large reserves of oil and gas in its waters.Bordered by the Atlantic to the north…

Petrobras Takes Two of Six Port Terminals in Brazil Auction

Apr 05, 2019

Brazil auctioned off six port terminals for liquid fuels in the northern state of Para to private operators on Friday, with subsidiaries of state-run oil company Petroleo Brasileiro SA winning two of the areas.The government raised nearly 450…

Russia: New Port of Sabetta LNG Terminal

Mar 28, 2019

Russian President Vladimir Putin ordered an allocation of budget funds in 2021-2022 for the construction of the Utrenny liquefied natural gas (LNG) terminal in the Russian port of Sabetta on the Northern Sea route, the Kremlin said on its website…

Petrobras, Açu Petróleo Sign for Ship to Ship Operation in Port of Açu

Mar 26, 2019

Petrobras and Açu Petróleo (a partnership of Prumo Logística and Oiltanking) signed a contract to carry out ship to ship operations at the company's Petroleum Terminal (T-OIL), located in the Complex of Port of Açu, in the north of the state of Rio de Janeiro…

Bahrain LNG Terminal to Start Commercial Operations in May

Mar 25, 2019

Bahrain's liquefied natural gas (LNG) terminal will start commercial operations in May, with the first LNG shipment to be imported mostly from the UAE's ADNOC, state media quoted the CEO of Bahrain’s National Oil and Gas Authority (NOGA) as saying…

Iran's Oil Tanker Fleet Being Squeezed as Sanctions Bite

Mar 13, 2019

Iran is running short of options to replace its ageing fleet of tankers and keep oil exports flowing because renewed U.S. sanctions are making potential sellers and flag registries wary of doing business with Tehran, Western and Iranian sources said…

AAL's Mega Size MPV Delivers 22 Modules

Mar 11, 2019

Specialist breakbulk and project heavy lift carrier AAL has successfully shipped 22 petrochemical plant modules from the Wilson Heavy Industry Company in Nantong, to the Ethylene Glycol II Expansion Project in Point Comfort, Texas on behalf of the Pacific Ocean Group Limited…

NOPEC Bills: Leverage for White House

Mar 01, 2019

For a proposed statute still at the first stage of the legislative process, with only a handful of sponsors in the U.S. Congress, the “No Oil Producing and Exporting Countries Act of 2019” (NOPEC) is generating a lot of comment.The amount of…

Oil Steady, Supported by OPEC Cuts

Mar 01, 2019

Record U.S. output, exports offset some of OPEC's cuts.Oil prices were broadly steady on Friday as surging U.S. supply and concerns of a global economic slowdown were offset by falling OPEC output.International Brent crude futures were at $66…

Current News

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Ørsted Opens Offshore Wind Operations and Maintenance Hub in Taiwan

Ørsted Opens Offshore Wind Operations and Maintenance Hub in Taiwan
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