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Iraq Exports 2nd Gas Condensates Cargo
Iraq exported on Wednesday a second cargo of gas condensates, produced by the Basrah Gas Company, a joint venture between the state-run South Gas Co., Shell and Mitsubishi…
Oil Prices Rise in Thin Asian Trade after Break
Oil prices rose in early Asian trading on Monday after a three-day break, but volumes were tiny as a number of markets remain on holiday for Easter. U.S. crude's…
This Day In Naval History: March 24
1898 - The battleship USS Kentucky (BB 6) is launched in Newport News, Va. 1903 - Adm. George Dewey is commissioned Admiral of the Navy, the only person to hold this rank. Upon his death Jan. 16, 1917, Congress deactivates the rank. 1919 - The battleship USS Idaho (BB 42) is commissioned. Idaho serves with the Pacific fleet, participating in gunfire support of the Aleutian, Marianas, Iwo Jima, and Okinawa Campaigns, and is in Tokyo Bay Sept. 2, 1945 when Japan formally surrenders.
Iraq Oil Exports Hold Steady in March
Iraq's oil exports have held steady so far in March, according to loading data and industry sources, halting for now the rapid supply growth that has increased downward pressure on prices.
Iran Plays Hardball with European Oil Buyers, Slowing Exports
Iran has managed to sell only modest volumes of oil to Europe since the lifting of sanctions seven weeks ago and several former buyers are staying away, citing legal…
ICTSI Income Drops 68%
International Container Terminal Services, Inc. (ICTSI) reported audited consolidated financial results for the year ended December 31, 2015 posting revenue from port operations of US$1.051 billion…
Insights: Edward E. Belk, USACE
Insights: Edward E. Belk - Chief, Operations and Regulatory Division Directorate of Civil Works, U.S. Edward E. Belk, Jr. currently serves as the Chief of Operations…
TonenGeneral Imports Japan's First Kurdish Oil Cargo
TonenGeneral imported Japan's first cargo of Kurdish crude from northern Iraq in January, a source with direct knowledge of the matter said on Tuesday. Iraq's semi…
Iraq's Southern Oil Exports Slip in February
Iraq's southern oil exports dropped slightly in February to an average of 3.225 million barrels per day (bpd), the oil ministry said on Tuesday. Shipments from the…
US Oil Drillers Cut Rigs for 10th Straight Week
U.S. energy firms this week cut oil rigs for an 10th week in a row to the lowest levels since December 2009, data showed on Friday, as some producers focus more…
Tankers Are Like A Box Of Chocolates
The uncertainty around the direction of the tanker market has increased since the start of 2016. At current production levels, the markets for both crude oil and…
US Oil Rig Count Lowest Since Dec 2009
The number of oil rigs in the United fell for a ninth straight week to the lowest level since December 2009, data showed on Friday, as energy firms continued to…
Maersk Announces Rate Increase
The world’s largest container shipping company Maersk Line said that it will increase the rate from north Europe to west central Asia by US$100 per TEU, $150 per…
Dynasafe Promotes Chas Reid
Dynasafe BACTEC Limited has appointed Chas Reid to International Marine Services Director. Chas has been involved in Explosive Ordnance Disposal, both on and off shore for 27 years, starting with his career in the British army, the Royal Engineers EOD, active in the first Gulf War, the Falklands, Iraq, Kuwait and Bosnia, and from 1997 Chas has continued to develop his career at Dynasafe BACTEC, working internationally.
Contracts Awarded for U.S. National Defense Reserve Fleet
U.S. Transportation Secretary Anthony Foxx today announced that DOT has awarded contracts with a total award value of $1.96 billion over eight years to seven U.S.
Twelve Migrants Drown Trying to Reach Europe from Turkey
Twelve bodies were found on Turkey's western coast and 26 people were rescued on Tuesday after a boat carrying migrants bound for Greece capsized, the Turkish coastguard said in a statement.
Mud Cat Dredges Operating in Iraq
Multiple amphibious, multifunction dredges from Mud Cat are operating in Iraq to clean various dams and barrages that are positioned along the Tigris and Euphrates Rivers. Iraq’s Ministry of Water Resources (MWR) purchased the MFDs to remove accumulated silt, sand and vegetation at each dam’s basin. By performing regular dam maintenance, Iraq’s MWR can maintain the designed water levels at the dams to prevent structural components from being compromised.
Iran's Tankers Target India, EU
Iran wants to up exports to India by 200,000 bpd within 6 months. With Iran ready to resume business as usual with the world under a historic nuclear deal, Tehran will target India…
U.S. Video Shows Iranian Rockets near American Warships
The U.S. Navy released black-and-white video on Saturday it said was taken by an American helicopter showing an Iranian Revolutionary Guards vessel firing unguided rockets on Dec.
Iran Denies Rocket Launch Near U.S. Warships
Iran denied on Thursday that its Revolutionary Guards launched rockets near the U.S. aircraft-carrier Harry S. Truman and other warships as they were entering the Gulf on Saturday.