Louise Heavens News

Russia's seaborne oil product exports fell 4.2% in March from the previous month to 10.178 million metric tons due to unplanned maintenance at refineries and a uel export ban, data from industry sources and Reuters calculations showed.Russia's daily offline primary oil refining capacity has jumped by around a third in March to 4.079 million metric tons from February due to drone attacks, Reuters calculations based on data from industry sources showed.Last month, a fire broke out after a Ukrainian drone attack at the Norsi refinery…

Yemen's Houthis targeted a fuel tanker, Mado, in the Red Sea with naval missile and Israel's Eilat port and resort region with winged missiles, the group's military spokesperson Yahya Sarea said on Tuesday.Mado is a Marshall-Islands flagged liquefied petroleum gas (LPG) tanker heading to Singapore from Saudi Arabia, maritime shipping trackers showed. The Houthis described it as American, but Equasis's shipping database indicates that it is owned by Naftomar Shipping & Trading Co Ltd of Greece.

Iran will unload about $50 million worth of crude from a Marshall Islands-flagged tanker seized last year, the semi-official Fars news agency reported on Wednesday, in a tit-for-tat action against the United States.Advantage Sweet is a Suezmax crude tanker that had been chartered by U.S. firm Chevron and was seized in April 2023 by Iran's army following an alleged collision with an Iranian boat.The unloading of the cargo follows a Tehran court order in favor of Iranian patients of Epidermolysis Bullosa (EB)…

The chief negotiator for Yemen's Houthis said on Monday the group's stance has not changed since U.S.-led air strikes on its positions, and warned that attacks on ships headed to Israel will continue.U.S. and British warplanes, ships and submarines last week launched dozens of air strikes across Yemen in retaliation for Houthi attacks on Red Sea shipping, which the Iran-aligned movement cast as a response to Israel's offensive in Gaza."Attacks to stop Israeli ships or those heading to the ports of the occupied Palestine will continue…

Russia is hoping its shipments of liquefied natural gas (LNG) will offset a sharp fall in pipeline gas exports to Europe, but a shortage of gas tankers and sanctions hold back its plans, analysts and industry sources said.Russia wants to boost its share of the LNG market to 20% by 2030 from 8% now, but a force majeure declaration by top producer Novatek over LNG supplies from its future Arctic LNG 2 project due to sanctions shows the hurdles it faces.Novatek's announcement comes after the United States last month imposed sanctions on Arctic LNG 2…

A number of container ships are anchored in the Red Sea and others have turned off tracking systems as traders adjust routes and prices in response to maritime attacks by Yemen's Iran-aligned Houthis on the world's main East-West trade route.Attacks in recent days on ships in the major Red Sea shipping route have raised the spectre of another bout of disruption to international commerce following the upheaval of the COVID pandemic, and prompted a U.S.-led international force to patrol waters near Yemen.The Red Sea is linked to the Mediterranean by the Suez Canal…

A French warship operating in the Red Sea has shot down two drones that were launched at it from the Yemen coast, the defence ministry said on Sunday.It said the multipurpose frigate Languedoc had intercepted and destroyed a first drone at around 9:30 p.m. local French time on Saturday, and a second one around 11:30 p.m.

A severe storm in the Black Sea region has disrupted up to 2 million barrels per day (bpd) of oil exports from Kazakhtsan and Russia, according to state's officials and port agent data.Oil loadings from Novorossiysk and the Caspian Pipeline Consortium (CPC) terminal in nearby Yuzhnaya Ozereyevka have been suspended since last week.Kazakhstan's largest oilfields - Tengiz, Kashagan and Karachaganak - are cutting combined daily oil output by 56% from November 27 as the storm disrupts loadings at CPC…

A U.S. Navy warship responded to a distress call from a commercial tanker in the Gulf of Aden that had been seized by armed individuals and is now safe, U.S. officials said on Sunday.The tanker, which had been carrying a cargo of phosphoric acid, was identified as the Central Park by the vessel's company. The officials did not identify the attackers.In a statement, the U.S. military said the USS Mason, with help from allied ships, demanded that the commercial ship be released by the attackers. Five armed individuals tried to escape on a fast boat but were chased by the U.S.

Unidentified armed individuals have seized a tanker carrying a cargo of phosphoric acid in the Gulf of Aden on Sunday, the vessel's managing company and a U.S. defence official said.The incident, involving the chemical tanker Central Park, is the latest in a series of attacks in Middle Eastern waters since a brutal war between Israel and the Palestinian militant group Hamas broke out on October 7.It followed a seizure of an Israeli-linked cargo ship by Yemen Houthis, allies of Iran, in the southern Red Sea last week.

The Kremlin said on Tuesday that Russia was acting in its own interests when asked about a probe by the United States into alleged violations of Western oil sanctions on Moscow.Kremlin spokesman Dmitry Peskov also told a daily conference call with reporters that President Vladimir Putin would hold a meeting on the fuel and energy complex later on Tuesday.The U.S.

The backlog of ships is growing at Israeli ports while operations continue at most terminals amid preparations by the military to launch a ground assault in the Hamas-controlled Gaza Strip, according to data and sources.Israel has vowed to annihilate Hamas in retaliation for a rampage in which its fighters stormed through Israeli towns a week ago, shooting civilians and seizing scores of hostages in the worst attack on civilians in Israel's history.Israel has faced heavy rocket barrages including in the south of the country…

Cruise ships heading to Israel have been diverted to Cyprus, while additional flights were arranged on Monday to repatriate Israelis or assist people wanting to leave Israel, aviation and shipping officials said.A cruise ship docked at Limassol port on Sunday, while a second on Monday, Port Manager Panayiotis Agathocleous told Cyprus's Ant1 TV station. A third was expected during the week, he said."We are ready to offer all assistance," Agathocleous said.Aviation officials said 11 extra inbound and outbound flights to Israel were arranged on Monday.

Russia's seaborne diesel and gasoil exports in August rose by 2% from a month earlier to about 3.85 million metric tons on healthy fuel production, data from traders and LSEG showed.Idle primary oil refining capacity for August was estimated at 3.1 million metric tons versus 2.458 million metric tons in July, Refinitiv Eikon data and Reuters calculations showed.After the full EU embargo on Russian oil products took effect on Feb. 5, Turkey remains the main destination for Russian diesel and gasoil seaborne exports…

BP has invested in a start-up company developing technology seeking to use vapour from heavy industry to sharply reduce the production costs of zero-carbon hydrogen.BP Ventures, the British energy giant's venture capital arm, was among several investors in a $12.5 million Series A financing in U.S.-based Advanced Ionics, the companies said on Tuesday.Other investors include Mitsubishi Heavy Industries, Clean Energy Ventures and Gatemore Capital Management.Green hydrogen, produced by splitting water through electrolysis using renewable energy…

At least 10 people were injured on Monday when an explosion rocked grain silos near the port of Derince in western Turkey, prompting an investigation into its cause, Kocaeli Governor Seddar Yavuz said.An explosion occurred around 2:40 p.m.

BP will defend its rights "to the absolute fullest" in an arbitration case against U.S. exporter Venture Global LNG over failing to supply contracted cargoes, Chief Executive Officer Bernard Looney said on Tuesday.Oil companies Shell SHEL.L and have separately filed for arbitration against Venture Global LNG over failing to supply contracted cargoes, even as it sold to non-contract customers while prices were soaring."You can expect us to defend our legal rights to the absolute fullest…

BP and its partner Equinor are renegotiating the terms of power supply agreements linked to their giant wind developments off the U.S.

The United Nations said on Tuesday it had started the removal of more than 1 million barrels of oil from a decaying supertanker off Yemen's Red Sea coast in a complex operation it hopes will ward off a regional disaster.U.N. officials have been warning for years that the Red Sea and Yemen's coastline was at risk as the Safer tanker could spill four times as much oil as the 1989 Exxon Valdez disaster off Alaska.A U.N. spokesperson said on Tuesday a spill could cost $20 billion to clean up.The war in Yemen caused the suspension in 2015 of maintenance operations on the Safer…

Shipping group A.P. Moller-Maersk on Monday said it had ordered from China's Yangzijiang Shipbuilding Group six mid-size container vessels capable of running on green methanol.The ships, which run on dual-fuel engines that can operate on both fuel oil and methanol, can carry upwards of 9,000 containers. Maersk, which ordered its first methanol-powered vessel in 2021, now has a total 25 methanol-powered ships on order."With this order, we take another step in the green transformation of our fleet and towards our target of becoming net-zero in 2040…

Saudi Arabia wants enhanced maritime security in the crucial Gulf region as part of its rapprochement with long-timerival Iran, Foreign Minister Prince Faisal bin Farhan said on Saturday.Iran and Saudi Arabia agreed in March, in a deal brokered by China, to end a diplomatic rift and reestablish relations following years of hostility that had endangered regional stability including in the Gulf, Yemen, Syria and Lebanon."I would like to refer to the importance of cooperation between the two countries on regional security, especially the security of maritime navigation...

Spanish oil company Cepsa signed on Wednesday two agreements aimed at shipping green hydrogen between Spain and the Netherlands, a day after renewable energy giant Iberdrola took a similar step.The two Spanish companies are vying to become green hydrogen leaders, with planned investments worth billions of euros. The recent agreements will help them sell part of their expected production of green hydrogen and derivatives to industrial customers eager to decarbonize in Europe's economic powerhouse…

CMA CGM expects its profit to ease further for the rest of the year after a first-quarter decline, as an uncertain economy and influx of new vessels cool the container shipping market after a record 2022.The company, based in Marseille and privately controlled by the founding Saade family, on Friday reported a first-quarter net profit of $2.0 billion, compared with $7.2 billion in the year-earlier period, and said in a statement it expects the first quarter to be its most profitable of 2023.CMA CGM is among shipping firms to have posted record profits last year, after the COVID-19 pandemic tri