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Exported Oil News

21 Nov 2016

Canada Oil Sands Asia Export Dream Faces Port Bottleneck

The bullish view for Suncor Energy Inc (SU.TO), Cenovus Energy Inc (CVE.TO) and other Canadian energy producers calls for Prime Minister Justin Trudeau by next month to approve a major pipeline expansion to the west coast, boosting sales of land-locked oil sands crude to Asia. But a growing number of shipping brokers and physical oil traders warn that any new influx of oil will hit a bottleneck in Vancouver, because of the port's inability to accept the megaships that dominate oil trade globally. This bottleneck marks one of the more under appreciated hurdles facing Canadian oil sands crude being shipped from its busiest port of Vancouver, these shipping brokers say. Middle Eastern producers already ship oil ship to Asia far more cheaply, thanks to the bigger vessels they employ. And U.S.

15 Sep 2008

NMCB 4 Seabees Expending Energy on Oil Platforms

Seabees from Naval Mobile Construction Battalion (NMCB) 4 arrived to oil terminals located off the coast of Aug. 23 to work on living conditions and improve platform access. Few Seabees have had the opportunity of working on oil terminals, which are huge suppliers of the exported oil. Khawr Al Amaya Oil Terminal (KAAOT) and Al Basrah Oil Terminal (ABOT) are located in the northern . "It's kind of cool knowing that we are working on something that is so important to the world's economy," said Utilitiesman 2nd Class (SCW) Jason Grubbs. and coalition maritime forces provide assistance to the Iraqi Navy defending 's major oil platforms. These terminals are significant sources of Iraqi government revenue and contribute approximately 80 percent of 's gross domestic product.

22 Oct 2003

Intertanko's Swift Addresses Russian Group

in St. including INTERTANKO MD Peter Swift. Karamitsos. Bulgarian Register. continued his theme from the previous seminar. added responsibilities for quality management and operation", he said. and products over 5m bbls/day and generating some 10% of the country's GDP. fast). from the Baltic have increased approximately ten times. Mediterranean. makes for one more sensitivity. in unilateral regulation ahead of IMO. This is where the new responsibilities come in, says Swift. least total management of the Safety Chain.

18 Jan 2001

U.S. Lawmakers Seek New Ban On Alaska Crude Exports

Twelve U.S. lawmakers asked that President Bill Clinton, who has only two days left in office, re-impose a ban on exports of Alaskan crude oil in order to protect consumers on the United States' West Coast from high gasoline prices. In a letter to Clinton, the lawmakers cited recent news reports that BP Amoco exported Alaska North Slope crude to reduce supplies on the West Coast and raise oil prices in the region. The lawmakers making the export ban request include Senators Ron Wyden and Gordon Smith of Oregon, Barbara Boxer of California and Patty Murray of Washington. The lawmakers said secret oil company documents show that BP shipped Alaska crude to Asia even though the company earned less profit on the exported oil than it would have if it sold the same oil in West Coast markets.