Oil Tankers News

 

Some 28% of U.S. Gulf of Mexico Crude Output Offline

Sep 17, 2021

U.S. Gulf Coast crude oil exports are flowing again after recent hurricanes took out 26 million barrels of offshore production, according to sources and Refinitiv Eikon data, with local prices easing as more shipments moved out of the region.Hurricanes Ida and Nicholas damaged platforms, pipelines and processing hubs, shutting in most offshore production for weeks. Restarts continued on Thursday with about 28% of U…

KKR to Buy Norway's Ocean Yield for $829M

Sep 13, 2021

U.S. investment firm Kohlberg Kravis Roberts (KKR) has agreed to buy Norwegian ship owning company Ocean Yield for 7.2 billion Norwegian crowns ($829 million), the two companies said in a joint statement on Monday.KKR's bid of 41 Norwegian crowns…

Cambodia's Oil Export Ambitions Sink with "Stolen" Tanker Standoff

Aug 27, 2021

When Cambodian officials commemorated the start of the country's first oil project in June by preserving the first drops of production at a high-profile ceremony, they heralded the country's emergence as a budding oil exporter at the heart of Asia…

Samsung Delivers Eagle Pilar Shuttle Tanker to AET

Jan 06, 2021

Oil tanker operator AET has taken delivery of the Eagle Pilar, a new Suezmax Dynamic Positioning (DP2) shuttle tanker. The vessel has been purpose-built for long-term charter to Brazil Shipping I Limited, a Shell subsidiary.The vessel was delivered…

Venezuela's Oil Exports Plunge to 1940's Level Under Tighter U.S. Sanctions

Jan 04, 2021

Pressured by strict U.S. sanctions, Venezuela's oil exports plunged by 376,500 barrels per day (bpd) in 2020, according to Refinitiv Eikon data and internal documents from state-run PDVSA, financially squeezing socialist President Nicolas Maduro…

Louisiana Offshore Oil Port Suspends Tanker Loading Due to Storm

Sep 14, 2020

The Louisiana Offshore Oil Port (LOOP) suspended tanker offloading at its offshore marine terminal on Sunday because of Tropical Storm Sally, the company said in a statement posted on-line.The LOOP is the nation's only oil port able to receive the largest crude oil tankers…

Current News

Exxon to Close Two Houston-area Office Towers

Exxon to Close Two Houston-area Office Towers

US Takes Step Toward Oil and Gas Auction Off Alaska Coast Next Year

US Takes Step Toward Oil and Gas Auction Off Alaska Coast Next Year

Italian Bank Could Fund Novatek's Giant Arctic LNG 2 Project

Italian Bank Could Fund Novatek's Giant Arctic LNG 2 Project

Shell Expects Ida-hit Offshore Platform to Restart in November

Shell Expects Ida-hit Offshore Platform to Restart in November

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