Ship Oil News

Exxon and Canada-based crude pipeline operator Enbridge were sued in Illinois federal court on Tuesday over claims they barred a competitor from building a terminal to ship oil by barge from the Chicago area to refineries in the Midwest and Gulf of Mexico.The antitrust lawsuit from energy infrastructure developer Ducere seeks more than $11 million in damages for work the Illinois company said it already paid for on the project and for lost future profits.Exxon, Enbridge and their…

Russian energy company Novatek said on Sunday it had been forced to suspend some operations at a huge Baltic Sea fuel export terminal due to a fire started by what Ukrainian media said was a drone attack.The giant Ust-Luga complex, located on the Gulf of Finland about 170 km (110 miles) west of St. Petersburg, is used to ship oil and gas products to international markets. It processes stable gas condensate - a type of light oil - into light and heavy naphtha, kerosene and diesel to be shipped by sea.It was not clear how long the disruption would last…

Oil and fuel tanker traffic in the Red Sea was stable in December, even though many container ships have rerouted due to attacks by Iran-aligned Houthi militants, a Reuters analysis of vessel tracking data showed.The attacks have driven up shipping costs sharply along with insurance premiums, but have had less impact than feared on oil flows, with shippers continuing to use the key East-West passage. The Houthis, who have said they are targeting Israel-bound vessels, have largely…

Oil is flooding out of Texas in the final weeks of 2023, as traders find outlets abroad for record U.S. production and dodge a hefty year-end tax bill on their inventories.U.S. crude exports, nearly all of which leave from the U.S. Gulf coast, averaged about 4 million barrels per day (bpd) so far this year, according to U.S. government data, about 500,000 more than last year's record as oil production climbed to 13.2 million barrels per day.U.S. West Texas Intermediate crude's wider discount to the global benchmark Brent , currently at about $4.50 per barrel, is making U.S.

Oil rose on Tuesday as an attack by the Iran-aligned Houthis on a chemical tanker escalated geopolitical tension in the Middle East, though concerns over excess supply and slowing demand kept a lid on gains.A cruise missile launched from Houthi-controlled Yemen struck a commercial chemical tanker, causing a fire and damage but no casualties in the latest such attack to heighten safety risks for tankers in vital shipping lanes.Brent crude futures LCOc1 for February rose 21 cents, or 0.3%, to $76.24 a barrel by 0915 GMT, while U.S.

A U.S. judge on Wednesday refused to overturn a California county's decision to block Exxon Mobil Corp from using tanker trucks to ship crude oil from coastal facilities to inland refineries while a ruptured pipeline is fixed.U.S. District Judge Dolly Gee in Los Angeles denied Exxon's bid to reverse the Santa Barbara County Board of Supervisors' denial of a trucking permit in early 2022, saying the board's decision was substantially supported by evidence that transporting crude…

The Port of Corpus Christi on Wednesday named Chief Financial Officer Kent Britton as its new chief executive officer to head the largest U.S. oil-export port by volume.The appointment comes nearly four months after Sean Strawbridge, the previous chief executive, abruptly resigned after he was questioned about his business expenses.Strawbridge has said all his expenses were in compliance with port policies and state statutes, and have all cleared the internal review process and…

The ship-to-ship transfer of the oil from the FSO Safer to the replacement oil tanker Yemen (formerly known as Nautica) began last week.It was an important milestone in this United Nations-coordinated operation to avert a potential massive environmental and humanitarian disaster off the coast of Yemen.Boskalis reports that the oil transfer is progressing well and will take two to three weeks.Hydraulic pumps have been lowered into each tank of the FSO Safer. During the transfer operation, inert gas is supplied to keep the tank atmosphere at safe levels during the operation.

Indonesia's coast guard said on Tuesday it seized an Iranian-flagged supertanker suspected of involvement in the illegal transshipment of crude oil, and vowed to toughen maritime patrols.The MT Arman 114 was carrying 272,569 metric tons of light crude oil, valued at 4.6 trillion rupiah ($304 million), when it was seized last week, the Indonesian authorities said.The Very Large Crude Carrier (VLCC) was suspected of transferring oil to another vessel without a permit on Friday, the Southeast Asian nation's maritime security agency said.The vessel was captured after being spotted in Indonesia's North Natuna Sea, carrying out a ship-to-ship oil transfer with the Cameroon-flagged MT S Tinos, the agency's chief, Aan Kurnia, said.

Dutch marine services firm Boskalis has, through its subsidiary SMIT Salvage, reached an agreement with the United Nations Development Programme (UNDP) to remove the oil from the decaying FSO Safer moored off Yemen’s Red Sea coast in a push to avoid environmental disaster. This project is a part of the UN-coordinated operation to remove and transfer more than one million barrels of oil from the decaying tanker into a safe modern tanker and the responsible disposal of the Safer.

The Spanish government has tightened its rules around ship-to-ship oil transfers after an uptick in the activity along its coastline.Oil tankers seeking to carry out operations off the Mediterranean and Atlantic shores, even outside territorial waters, will have to seek authorization from the closest Spanish port captaincy, according to a new rule due to come into force 20 days after it was published on March 22.Boats seeking to service these tankers loaded with crude oil, refined products or other chemicals will also have to request specific authorization, the rule said.Fuel trading has been

Oil fell on Monday, reversing earlier gains but continuing a recent losing streak, on concerns that an expected increase in interest rates in the U.S., the world's biggest oil user, may limit fuel demand growth.Brent crude LCOc1 futures for September settlement dropped 48 cents, or 0.5%, to $102.72 a barrel at 0205 GMT, down for a fourth day.U.S. West Texas Intermediate (WTI) crude CLc1 futures for September delivery fell 65 cents, or 0.7%, to $94.05 a barrel, also down for a…

Contaminated fuel supplied to some 200 ships in Singapore came from a tanker that loaded the oil from Khor Fakkan port in the United Arab Emirates, the Maritime and Port Authority of Singapore (MPA) said.MPA began investigations after it was notified on March 14 that a number of ships had been supplied with high-sulphur fuel oil (HSFO) containing high concentration levels of chlorinated organic compounds (COC) in Singapore.MPA said in April that the tainted oil was supplied by Glencore Singapore Pte Ltd.In further investigations to trace the oil's origin…

Greece has impounded a Russian oil tanker off the island of Evia, the Greek coastguard said on Tuesday, as part of European Union sanctions imposed on Moscow over its invasion of Ukraine.Earlier this month, the EU banned Russian-flagged vessels from the 27-nation bloc's ports, with some exemptions, as it adopted new sweeping sanctions against Russia for what the Kremlin describes as a "special military operation".The 115,500-deadweight tonnage Russian-flagged Pegas, with 19 Russian crew members on board, was seized near Karystos on the southern coast of Evia, which lies just off the Greek mainland near Athens.The Russian embassy in Athens…

Two crew members from a tugboat involved in cleaning up an oil spill off Mauritius were killed late on Monday when their vessel collided with a barge in bad weather, a local lawmaker said.Four other members of the crew were rescued by helicopter and two were still missing, Mahend Gungerpersad, a member of parliament for the opposition Labour Party, told Reuters on Tuesday."This incident is going to add to the prevailing anger," he said, referring to weekend protests over the handling…

The cost to transport oil on supertankers soared on Thursday as major producers scrambled to secure vessels to ship more crude in a bid to regain market share and buyers took advantage of plunging oil prices.Freight charges to ship oil in very large crude carriers (VLCCs) from the Middle East, which is home to the largest OPEC producers, to China, the world's top crude oil importer, nearly doubled overnight.VLCC tanker rates along the busy Middle East Gulf to China route jumped to about $160…

Nearly 300 oil tankers globally have been placed off limits as companies fear violating U.S. sanctions against Iran and Venezuela, driving freight rates to new highs, industry sources said.The move has taken roughly 3% of the global oil tanker fleet out of the market, according to industry sources and data on Refinitiv Eikon, sending rates soaring to secure tankers to ship oil, particularly to Asia."Freight rates are going through the roof and people are getting very nervous with the cost of shipping…

In addition to fuel, modern ships also run on paper or their electronic equivalent. Vessels are required to keep written or electronic records of many things – and the list is growing.There is the traditional Ship’s Log, which records the vessel’s position, course, speed, weather, and unusual events to name a few. The Oil Record Book (ORB) has been around for a long time and tracks all movement of oil throughout the vessel, including its loading, consumption, and discharge (generally via the oily water separator and overboard discharge piping).

A small amount of crude oil belonging to Royal Dutch Shell Plc leaked during a ship-to-ship oil transfer in Brazilian waters last month, the company confirmed to Reuters on Monday.About 200 milliliters of crude were released on Nov. 30 during the maneuver, which was halted after the drip was detected, Shell said, adding that authorities were notified and the incident left no trace of oil in the sea.However, a letter obtained by Reuters and sent to Brazilian environmental regulator…

Brazil has more than doubled the number of risky ship-to-ship oil transfers this year, but its monitoring of such offshore maneuvers is lax, to a point where a July 2017 collision between two tankers was not reported, according to a Reuters review of government and shipping records.Transfers are projected to keep rising as the country's deep-water discoveries have lured major companies including Exxon Mobil Corp and Royal Dutch Shell Plc to recent offshore auctions. During these maneuvers, ships pull alongside one another and oil is transferred to a vessel via high-pressure hoses.

Trelleborg’s oil & marine hose operation has launched the KLELINE STS oil transfer solution, which is set to upgrade safety and operability standards in ship-to-ship (STS) oil transfer around the world. This solution sets a new benchmark for safe and efficient ship-to-ship oil transfer, inspired by unique floating hose design, qualified to GMPHOM 2009 standard.STS transfer is becoming an increasingly popular option among ship operators and managers, as it allows vessels carrying liquid cargo to transfer offshore.

Venezuela's crude exports to the United States declined to 494,400 barrels per day (bpd) in July after rising the prior three months, showing the impact of asset seizures against state-run oil firm PDVSA, according to Thomson Reuters data.July was the first month crude exports fell below 500,000 bpd since the months of January through March.U.S. oil producer ConocoPhillips in May began seizing PDVSA's overseas assets in an attempt to collect on a $2 billion arbitration award.

OPEC member Venezuela has raised the prospect of declaring force majeure on contracts with major crude buyers amid plummeting output from its oil fields and tanker bottlenecks at ports, according to three sources familiar with the matter.Falling production from Venezuela has contributed to a rally in global oil prices to a near four-year high, and other OPEC members may boost output at a meeting later this month to compensate for the shortfall and other risks to global supplies.Oil is the financial lifeline for the embattled socialist government of President Nicolas Maduro…