Crude Oil Loading News

Oil and gas company Valeura Energy said Monday that modifications to the MT Jaka Tarub crude oil storage vessel were complete, making the vessel compatible with infrastructure at its Wassana oil field, offshore Thailand.According to Valeura Energy, the vessel is capable of tandem crude oil loading/offloading. "Subject to favorable metocean conditions, the vessel will arrive at the Wassana field in the coming days, after which Valeura intends to resume oil production operations, targeting initial rates of up to 3,000 bbls/d, net to the 89% working interest share held by its subsidiary company Valeura Energy Asia Pte. Ltd." the company said.As reported by Offshore Engineer in December 2022…

The Louisiana Offshore Oil Port (LOOP), the largest deepwater oil import and export terminal on the U.S. Gulf Coast, has found no major damages to its marine operations during an initial review [of the impact of the hurricane Ida], but operations remain offline as assessments continue, according to a person familiar with the matter.Louisiana Offshore Oil Port Llc - a joint venture of Marathon Petroleum Corp, Phillips 66 and Valero Energy Corp - has a crude oil loading and unloading facility 18 miles (29 km) off the coast of Louisiana.

Crude oil loading at Equinor's Sture export terminal on Norway's west coast was interrupted on Thursday after activists from the Extinction Rebellion group breached the facility's safety zone, the company said.Equinor halted the loading of the TS Bergen Aframax vessel, but other operations were not affected, a company spokesperson said.Sture is a major export facility for crude, which arrives by pipeline from several offshore fields including Equinor's Oseberg, Lundin Energy's Edvard Grieg and Aker BP's Ivar Aasen, according to Equinor's website.Activists entered the terminal's safety zone wit

Russia's Surgutneftegaz awarded 380,000 tonnes of Urals crude oil loading from the Black Sea port of Novorossiisk and the Baltic's Ust-Luga in February, traders said.A cargo of 100,000 tonnes loading from Ust-Luga over Feb. 19-20 was sold at dated Brent minus $1.80 a barrel when adding freight to an original FOB differential, traders said. French oil major Total was the buyer, they said.Surgutneftegaz also awarded two Urals cargoes of 140,000 tonnes each for loading from Novorossiisk Feb. 15-16 and Feb. 17-18.

Oil major buys various grades from Qatar, UAE, Russia; re-sells Qatar Marine and Sokol. Royal Dutch Shell has snapped up more than 8 million barrels of Middle East and Russian crude oil loading in June and resold some cargoes at higher premiums as it profits from robust demand in Asia, five trading sources said on Friday. The region's pull on Middle East and Russian grades, priced off Middle East crude benchmark Dubai, has strengthened this month as a widening of Brent's premium to Dubai has made competing Atlantic Basin supplies more expensive. Asia's crude demand is also set to rise in the third quarter as refiners return from maintenance to ramp up output to meet peak summer oil consumption.

A second supertanker laden with U.S. crude set sail in March from the Louisiana Offshore Oil Port (LOOP), the largest privately owned crude terminal in the United States, the company said in a statement late on Tuesday. The very large crude carrier (VLCC), Nave Photon, was chartered by Houston-based Shell Trading Company US and the cargo was headed for Asia, according to market sources familiar with the matter and Reuters vessel tracking data. It was not immediately clear which grade of U.S. crude was being exported. A spokesman for LOOP did not immediately respond to a request for comment.

Mideast crude freight to Japan highest since 2010. North Asian refiners have snapped up Russian crude oil loading in the last two months of this year to meet peak winter demand as Middle East and West African grades have become more costly after freight rates hit multi-year highs, traders said on Thursday. The freight rate for chartering Very Large Crude Carriers (VLCC) plying the key Middle East to Japan route <DFRT-ME-JAP> and the West Africa to China route are at the highest in more than five years, prompting refiners to look at crude within Asia and from nearby sources such as Russia. "The spike in freight rates pushed up the regional crude market," said a Singapore-based trader.

Calumet Specialty Products Partners, L.P. Announces Feasibility Study for Crude Oil Shipping. Calumet Specialty Products Partners, L.P. (NASDAQ: CLMT) ("Calumet") announced it will explore the feasibility of building and operating a crude oil loading dock on Lake Superior, near its Superior, WI refinery, designed to load ships with heavy Canadian and light Bakken crude oil for shipment through connecting waterways. "Calumet is currently assessing the viability of the project and gauging interest in the marketplace. We would expect to have this project fully operational during the shipping season of 2015 and are currently in talks with potential customers and partners," said Todd Borgmann, VP of Business Development at Calumet.

The first high-specification tugboats featuring ComAp InteliGen NT Marine equipment are now in full operation providing South American oil company Petroleos de Venezula (PDVSA) with fully owned assets capable of quick response to firefighting operations and maneuvering tankers at Venezuelan oil terminals. Previous to the Venezuelan general strike of 2002-2003, PDVSA had a fully leased fleet, leaving it vulnerable in the crude oil loading and unloading operations. As a result the Venezuelan government decided to acquire its own tugboat fleet from Cuba…

On October 31, at about 12:00 a.m., a number of armed men in 3 fly boats, boarded the Bourbon Sagitta, an Anchor Handling Tug Support vessel assisting loading operations of crude oil from a field off the Bakasi Peninsula (180 kms from Douala). 10 of the 15 crew members (2 Cameroonians, 1 Tunisian, 1 Senegalese and 6 French seamen) were kidnapped. No one was injured. The ship and the staff still on board are now safe. An Emergency Unit was immediately put together by Bourbon who is working closely with the French Ministry of Foreign and European Affairs…

Mukalla has no bearing on the safety of shipping at the country's ports. However, the incident has required the relevant authorities to take extra measures to ensure the safety of shipping in its ports and offshore crude oil loading terminals, according to the Ministry notice Ref. MTMA/GC2/2002 dated October 16, 2002 quoted below. insurance premiums on cargoes destined to Yemen. vessels.