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Crude Carriers Q2 Results
Crude Carriers Corp. (NYSE: CRU) reported its financial results and declared a cash dividend of $0.50 per share for the second quarter ended June 30th, 2010. These…
Marine Hwy Fleet Builder Seeks Shipyard Site
Santa Maria Shipowning & Trading, based in Santa Rosa, California, is looking to purchase or lease a 15 or more acre industrial site with 600 feet of waterfront…
Supertankers Store 50m Barrels of Oil
According to a Dec. 15 report from Financial Times, oil companies and traders are storing at least 50 million barrels of oil in supertankers in a clear sign of supply…
Jindal’s 2nd Jackup – Early & Incident-Free
Keppel FELS Limited (Keppel FELS) is set to deliver a jackup rig ahead of schedule to Virtue Drilling, an associate company of India’s Jindal Drilling & Industries (Jindal). Named in the presence of Guest-of-Honor, Dr Lee Boon Yang, Singapore’s Minister for Information, Communications and the Arts, the jackup rig Virtue I, has also achieved a clean safety record of about 2.1 million man-hours worked without incidents.
DHT Profit Rises
The St. Helier, Channel Islands-based oil tanker owner and operator DHT Maritime said its second-quarter profit jumped 39 percent as the demand for oil imports…
Fog May Pose Threat to Gulf Coast Shipping
Fog, which has shrouded parts of the U.S. Gulf of Mexico coast in recent weeks, could remain an intermittent threat to shipping and crude oil imports through April…
U.S. Oil Imports Up
U.S. crude oil imports January to June 2001 were above the 2000 level in each month. However, crude oil imports during 3rd quarter were below the 2000-year level for each month.
OSG Reports Record Quarter
Overseas Shipholding Group, Inc. reported net income for the quarter ended March 31, 2004 of $76,188,000, or $1.99 per share, an increase of 72% compared with net income of $44…
When Up Is Down
U.S. commercial crude oil inventories (excluding those in the Strategic Petroleum Reserve) rose by 1.5 million barrels last week. Total commercial petroleum inventories…
U.S. Oil Producers To Seek Dumping Investigation
In response to a flood of crude oil imports, independent American oil producers will reportedly ask the U.S. government this week to investigate for the first time…
Analysts Say Planned Ban Could Put Oil Supply At Risk
European plans drawn up in the wake of the Erika accident to crack down on aging tankers could endanger shippers' ability to supply oil to the continent, shipping analysts said.
Planned Tanker Ban Could Put European Oil Supply At Risk
European plans drawn up in the wake of the Erika accident to crack down on aging tankers could endanger shippers' ability to supply oil to the continent, shipping analysts said.
Saudi Arabia Tops U.S. Oil Import List
Saudi Arabia is far ahead of the pack as the top crude oil supplier to the U.S. market in March, the U.S. Energy Information Administration (EIA) said. Saudi Arabia…
API: U.S. Oil Stocks Are Down
U.S. oil supply worries found fresh impetus on Tuesday after the American Petroleum Institute said that both crude oil and product stocks had fallen again -- hard…
Oil Freight Charges To Go Higher?
Bloated oil freight charges could surge yet higher this year, adding to the already inflated cost of world oil imports, shippers said. Tanker brokers are predicting…
LOOP Crude Deliveries Hold Steady
Crude deliveries to Louisiana Offshore Oil Port (LOOP), the only deep-water U.S. oil port and a major conduit for the country's crude oil imports, will hold steady at stronger levels in November.
Oil Price Dives
U.S. stocks of crude oil, gasoline and heating oil grew last week according to the Energy Department on Wednesday, which was more bearish than Tuesday's industry report, analysts said.
Deepwater Offshore Cuba Peaks Oil Major's Interest
Four European oil firms are reportedly negotiating with Cuba to carry out deep-water exploration of the island's Gulf of Mexico waters, and at least two are likely to sign contracts early next year…
Bush Urges Prudence To OPEC
The incoming Bush administration warned on Friday that an oil production cut by OPEC next week would lead to higher energy prices for U.S. consumers. OPEC members will gather Jan.
Tanker Operators To Join Forces
Norwegian tanker operator Iver Ships will join forces with Japan's Mitsui O.S.K Lines to form the second biggest clean tanker alliance in the Asia Pacific region.