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Citgo Petroleum Corp News

01 Sep 2021

Oil Tankers Cluster Off Louisiana as Ports Assess Storm Damages

Illustration only - Credit:MAGNIFIER/AdobeStock

More than two dozen oil vessels were clustered off Louisiana seaports on Tuesday as the U.S. Coast Guard and port operators assessed damages wreaked by Hurricane Ida, according to sources and Refinitiv Eikon data.Dozens of ports from Louisiana to Alabama closed as Ida tore through the Gulf of Mexico and slammed into the coast on Sunday. A few have reopened with restrictions on vessel drafts.Ida made landfall at Port Fourchon, Louisiana, packing 150-mile-per-hour (240 km-per hour) winds that knocked out power to a substantial part of the state.

21 Oct 2020

First Tanker Moves to Cameron LNG Plant since Hurricane Delta

The first liquefied natural gas tanker to go to Cameron LNG's export plant in Louisiana since Hurricane Delta was set to arrive on Tuesday.Golar Seal was [on Tuesday] sailing up the Calcasieu Ship Channel on its way to Cameron, according to Refinitiv ship tracking data.The last vessel to go to Cameron was SK Audace on Oct. 4-5, according to the Refinitiv data. That tanker left before Hurricane Delta hit the coast near Cameron on Oct. 9.The U.S. Coast Guard said it will allow vessels with drafts less than 36 feet (11 meters) to transit the Calcasieu Channel as local and federal agencies clean up obstructions in the waterway following…

20 Oct 2020

PDVSA Plans to Offload Oil from Tilting FSO Offshore Venezuela

The FSO Nabarima listing in the Gulf of Paria on October 16 (Photo: Fishermen and Friends of the Sea)

Venezuelan state oil company Petroleos de Venezuela (PDVSA) plans to offload crude from the Nabarima floating oil facility via ship-to-ship (STS) transfer amid environmental concerns, two people familiar with the matter said on Monday.The Nabarima, part of PDVSA’s Petrosucre joint venture with Italy’s Eni SpA in the Paria Gulf off Venezuela’s eastern coast, is laden with 1.3 million barrels of crude.Images last week showed it tilting on its side, raising worries about a possible oil spill.

14 Oct 2020

US Army Corps Clearing Debris from Louisiana Calcasieu Ship Channel After Delta

(Photo: Sydney Phoenix / U.S. Coast Guard)

The U.S. Army Corps of Engineers said on Wednesday that it may be able to clear enough debris from Hurricane Delta to open the Calcasieu Ship Channel in Louisiana to vessels drafting up to 30 feet (9.14 m) with restrictions by the end of the week.The Army Corps, however, said it does not have a timeline for restoration to full deep draft (40 feet) traffic.Analysts said a fully laden liquefied natural gas (LNG) tanker has a draft of around 40 feet.

13 Oct 2020

Army Corps Assessing Louisiana Calcasieu Ship Channel After Delta

(File photo: Carlos Galarza / U.S. Coast Guard)

The U.S. Army Corps of Engineers said on Tuesday it has identified three obstructions from Hurricane Delta that have to be removed before it can reopen the Calcasieu Ship Channel in Louisiana to deep draft vessels.The Army Corps, however, said it needs more data before it can estimate how long it will take to dredge the channel.That channel allows tankers to access the Cameron liquefied natural gas (LNG) export plant, the Lake Charles refineries owned by Citgo Petroleum Corp and…

26 Jun 2019

U.S. Court to Decide Who Will Control Citgo

AdobeStock / © Renaschild

A U.S. court will decide whether a board of directors appointed by Venezuelan President Nicolas Maduro or one backed by his rival, opposition leader Juan Guaido, runs the eighth-largest U.S. refiner, Citgo Petroleum Corp.A lawsuit filed by Maduro's representatives on Tuesday in Delaware Chancery Court seeks to reassert control over Citgo , along with other U.S. subsidiaries of PDVSA , the Venezuelan state-run oil company.Citgo, Venezuela's most important foreign asset, has been caught in a tug-of-war as U.S.

01 Sep 2017

Retail Gasoline Prices Surge in Harvey's Choppy Wake

Nearly a quarter of U.S. refining capacity out; Motiva down for two weeks; Corpus Christi starts to reopen. Retail U.S. gasoline prices hit two-year highs and global shipping routes were scrambled as the nation's largest refiners remained shut on Friday, even as Harvey was losing strength. Major fuel pipelines feeding the U.S. Northeast and Midwest have been either closed or severely curtailed, prompting shortages in some areas and dramatic spikes in wholesale prices. The storm has roiled global fuel markets and tankers carrying millions of barrels of fuel have been rerouted to the Americas to avert shortages. European refining margins hit a two-year high on a surge in exports.

05 Dec 2008

Waterways Council - Officers & Directors

At the Annual Waterways Council, Inc. (WCI) Membership Meeting and Board of Directors Meeting held October 29 in St. Louis, the following officers and Executive Committee members were elected to serve or continue service for 2008-2009:  Dan Mecklenborg, Senior Vice President, HR & Chief Legal Officer, Ingram Barge Company, remains as Chairman of the Board; Cornel Martin, was elected President and CEO; Steve Little, President and CEO, Crounse Corporation, remains as General Counsel; Peter Stephaich, Chairman, Campbell Transportation Co., was re-elected Secretary; Cherrie Felder, Vice President, Channel Shipyard, remains as Treasurer. Former WCI President and CEO R. Barry Palmer was named President Emeritus. Also named to new terms as officers were Richard R.

19 Jun 2000

Sunken Drydock Blocks Shipping Channel

A Louisiana shipping channel used to supply crude oil to two big Gulf coast refineries has reopened to most ships but very large vessels may still not be able to get through, the U.S. Coast Guard reported on Monday. A sunken drydock has been blocking the shipping channel in the Calcasieu River, just north of the Intracoastal Waterway, since Tuesday, preventing deepdraft vessels, such as crude oil tankers, from passing through the area. The dry dock is still sunken, and not yet been salvaged," USCG said. "Very large vessels may not be able to bypass the sunken dry dock," it added. The U.S. government last week said it was releasing 500…

29 Jun 2006

Oil Spill Leaves Ships Stranded

The AP has reported that ships have been stranded, seafood sources threatened and the nation's oil reserve tapped as the result of 47,000 gallons of oil spilling into a southwestern Louisiana shipping channel, forcing its closure. The June 19 spill at a Citgo Petroleum Corp. refinery in Lake Charles forced the closure of the Calcasieu Ship Channel, a key lane for transporting petroleum in and out of the region's four refineries. About 11 miles of the channel remained closed Thursday. The entire 40 miles to the Gulf of Mexico had been closed. About 31,000 barrels had been cleaned up by Thursday, the Coast Guard said. A Citgo spokesman said the clean up was going well partly because a lack a wind kept oil patches in place and the dry, sunny weather was evaporating much of the oil.

14 Feb 2003

TSA Awards Grants for Securing Ports, Cargo

Nearly $5 million in Transportation Security Administration grants to Louisiana ports on the Mississippi River includes $824,000 for risk assessments that will help local officials identify security vulnerabilities and develop plans to foil terrorism, TSA said today at a news conference of those responsible for security at the Port of South Louisiana in Reserve. Steven Froehlich, the National Manager for Stakeholder Relations, said that those mitigation plans also lay the foundation for ports to continually make improvements and to employ new security technologies. "Simply put, we are acting to protect cargo from terrorists, and to prevent suspicious cargo from entering our country," Froehlich said. Froehlich noted that several agencies, including the U.S. Coast Guard, U.S.