Oil Up as U.S., China hit the Trade War Pause Button
Oil prices rose on Monday as markets reacted to news that China and the United States have put a looming trade war between the world's two biggest economies "on hold". Brent crude futures were at $79.13 per barrel at 0121 GMT, up 62 cents, or 0.8 percent, from their last close. Brent broke through $80 for the first time since November 2014 last week. U.S. West Texas Intermediate (WTI) crude futures were at $71.83 a barrel, up 55 cents, or 0.8 percent, from their last settlement. The U.S. trade war with China is "on hold" after the world's largest economies agreed to drop their tariff threats while they work on a wider trade agreement, U.S. Treasury Secretary Steven Mnuchin said on Sunday, giving global markets a lift in early trading on Monday.
Rickey Named Senior Manager at Honda Marine
Michael E. Rickey was named Senior Manager, Honda Marine, effective April 1, 2018.In this capacity he oversees total sales, operations and application engineering activities for the U.S. region, working to increase volume through the execution of competitive pricing; sales channel expansion; strategic advertising and promotional campaigns; and enhanced communications with OEM and dealer channels.Before his current role, Rickey most recently served as Senior Manager, Engines and Export Sales for the Honda Engines group.
US Sorghum Ship Switches Destination from Spain Back to Asia
The RB Eden vessel carrying 70,000 tonnes of U.S. sorghum turned around just before reaching the Spanish port of Cartagena and is now heading to Singapore, Thomson Reuters Eikon ship-tracking data showed.This marks the second U-turn for the ship amid a trade tussle between the United States and China. Anti-dumping measures announced by Beijing in mid-April led exporters to divert hundreds of thousands of tonnes of U.S. sorghum. But China dropped its sorghum probe on Friday in what was seen as a goodwill gesture.The RB Eden initially loaded at grain merchant ADM's elevator in Corpus Christi…
US LNG Projects Buoyed by China Import Talks
China's interest in reducing its trade surplus with United States through increased energy imports could advance plans for U.S. liquefied natural gas (LNG) plants, said energy executives involved in developing new facilities.The White House and China on Saturday said a U.S. trade team would travel to China to explore new energy and agricultural deals. The joint communique lowered trade tensions, lifting stock markets in Asia and the United States on Monday.There are over two dozen proposed U.S.
Valero Boosts Imports of Venezuelan Oil as Sanctions Loom
U.S. refiner Valero Energy Corp this year boosted its imports of Venezuelan crude ahead of U.S. sanctions over the country's disputed presidential election and as other customers received less of the OPEC-member's exports, according to Thomson Reuters trade flows data.Venezuelan oil production has tumbled to a multi-decade low this year, cutting shipments to buyers in the United States and elsewhere and worsening a severe economic recession. Its crude exports averaged 1.19 million barrels per day (bpd) in the January-April period…
Panama Canal Administrator Presents Expansion Program
Panama Canal Administrator Jorge L. Quijano presented the Panama Canal Expansion Program during his recent visit to Lamar University, in Beaumont, Texas. During the conference, Quijano highlighted the impact of the Panama Canal Expansion on the U.S. Gulf ports, focusing on those located in Texas. “An important number of the vessels of various segments that transit the Canal today have as port of origin or destination the U.S. Gulf ports. Furthermore, once the Panama Canal Expansion…
Galveston Pilot Dispute: Round One goes to State Pilots
Federal Pilots to appeal. Local spat has regional and national implications. The Galveston-Texas City Pilots and the five-member Board of Pilot Commissioners for Galveston County are facing a serious legal challenge from five pilot applicants and their local attorney. In a nutshell, local, federally licensed and similarly qualified pilots want to compete for business in a previously closed space. In Texas, like virtually every other U.S. state, a local group of pilots – so-called…
FAMA Discusses Penalties of Unregistered Vessels in Texas Waters
The Texas Oil Spill Prevention and Response (OSPR) Program has circulated the April 2003 edition of its Facility and Maritime Affairs (FAMA) newsletter. This edition contains, a reminder that civil penalties will be assessed against any unregistered vessel found in Texas waters. Texas mandates that a vessel required to have either a vessel response plan (VRP) or a Shipboard Oil Pollution Emergency Plan (SOPEP) register with OSPR prior to entry into Texas waters. Recommended civil penalties for failing to register start at $500 for each violation.
Texas Clipper II Honored In Galveston
Texas A&M University at Galveston was officially presented the "M" Award Friday from the U.S. Maritime Administration for outstanding performance and maintenance of the Texas Clipper II, the school's maritime vessel. first time in almost 60 years the award has been presented. officers and crew of the Texas Clipper II. congratulate Rear Adm. program, and Capt. II. The "M" Award was presented to U.S. vessel and naval auxiliaries were constructed for wartime use. to ships in recognition of superior standing. of the honor was bestowed upon the Texas Clipper II on Friday. one year. The Texas Clipper II is a 394-ft. U.S. training programs of the vessel. in the United States.
NextDecade Takes Aim at Texas City for LNG Export
NextDecade LLC has signed lease agreements with the State of Texas and City of Texas City for a close to 1,000-acre site at Shoal Point for the potential development of a multi-billion dollar liquefied natural gas (LNG) export facility. Texas City owns almost 376 acres at Shoal Point, while the Texas General Land Office manages the adjoining 618 acres of state land. The agreement comes as the State of Texas continues to draw international attention following significant new natural gas finds totaling over 90 trillion cubic feet (tcf) in 2016 and as global buyers increasingly seek new…
New Galveston Pilot Boat Honors Fallen Colleague
The Galveston has a top speed of 29 knots and the ability to stop within two boat lengths when operating at full speed and make a 360 degree turn while stationary. She measures a full 70 ft long and more than 20 ft wide and was built by Gladding-Hearn Shipbuilding. The Galveston is a sister-ship to the Galveston-Texas City pilot boat Texas and was commissioned to replace the Gal-Tex. The Texas, also built by Gladding-Hearn has been ably serving the Galveston-Texas City Pilots for the past five years.
Texas LNG Gets Approval To Export LNG To FTA countries
Texas LNG LLC today announced that it has received authorization from the U.S. Department of Energy (DOE) to export domestically produced LNG to all existing, and any future, countries that have, or enter into, an FTA with the Government of the United States. DOE approval of FTA exports is an important component of the regulatory process necessary to develop Texas LNG's project on its 110 plus acre site with deepwater frontage to the Port of Brownsville shipping channel in Brownsville, Texas, USA.
BOEMRE Awards $1.1M to Texas
The Bureau of Ocean Energy Management, Regulation and Enforcement (BOEMRE) has awarded two Coastal Impact Assistance Program (CIAP) grants totaling $1,162,302 to the Texas General Land Office and to Brazoria County, Texas, respectively. The grants will fund a project to develop a Coastal Impacts Technology Program (CITP) for conservation research, and will assist in the management of the CIAP Program in Brazoria County. Created by the Energy Policy Act of 2005, CIAP provides funding to the six Outer Continental Shelf (OCS) oil and gas producing states to conserve and protect the coastal environment. CIAP is an ongoing program with grant funding that is allocated based on the offshore energy revenues collected by the United States.
Wind Rustling Tussle
The Texas General Land Office (GLO) issued a Press Release accusing the New Mexico Land Commissioner of stealing wind rightly belonging to Texas. While not directly a maritime matter, this could prove a portent of things to come as more wind farms are built offshore. It seems that New Mexico plans to build a wind farm at the same time Texas is considering its own project. The Commissioner of the Texas General Land Office issued a bounty for his New Mexico counterpart, referring to him as “a thievin’, no-account wind rustler”. (HK Law)
Texas Dredging Contract Awarded by DofD
US Department of Defense, Army, has awarded a contract to Inland Dredging Co. for dredging of the of the Neches River Channel in Jefferson and Orange Counties, Texas. Inland Dredging Co., LLC, Dyersburg, Tenn., was awarded a firm-fixed-price, non-option, non-multi-year contract of $12,747,180 for the dredging of approximately 3,537,000 cubic yards from the federal channel and approximately 80,000 cubic yards from the non-federal channel of the Neches River Channel in Jefferson and Orange Counties, Texas. Performance location will be Port Arthur, Texas with funding from fiscal 2013 Operations and Maintenance Army funds. The U.S. Army Corps of Engineers Galveston District, Galveston, Texas is the contracting activity (W9126G-13-C-0042).
Signal Texas Ops Achieves OSHA Milestone
Signal International announced that on November 16, 2011, its Texas Operations in Orange, Texas achieved one full year, working 451,116 man-hours, without the occurrence of an OSHA recordable incident, a significant safety milestone within the U.S. shipyard and marine fabrication industry. By realizing the goal of a zero OSHA recordable incident, which includes work-related injuries such as cuts, lacerations, punctures, abrasions, fractures, strains, sprains, dislocations, burns, bruises and contusions, Signal Texas has set the standard and demonstrated that working completely OSHA recordable free within the industry is achievable. This success is attributed to the efforts and focus of the entire Signal Texas Operations’ employees – management, administration, support, and production.
Porter Voices Concerns Over Texas Pipelines
Commissioner David Porter of the Texas Railroad Commission (RRC) Tuesday visited several south Texas border oil and gas facilities and pipeline rights-of-way to meet with field staff, operators, law enforcement and security officials to examine the vulnerability of Texas’ critical industry infrastructure. "While oil and gas operators take every precaution to limit any threat to their equipment and product, the unfettered flow of illegal aliens complicates their efforts,” said Porter. Commissioner Porter recently sent a letter to U.S. Customs and Border Protection (CBP) Commissioner R.
Navy Commissions Attack Submarine Texas
The Navy will commission the USS Texas, second ship of the Virginia attack submarine class, Saturday, Sept. Texas. As the Navy's next-generation attack submarine, the Virginia-class submarine is the first class specifically designed to counter post-Cold War threats, providing the Navy with the capabilities required for safeguarding the nationâ€™s interests in the 21st century. Texas has improved stealth, sophisticated surveillance capabilities and special warfare enhancements that enable it to meet the Navy's multi-mission requirements. Texas along with its other sister submarines of the Virginia-class, will be able to accommodate technology upgrades throughout its life. Sen. Texas will deliver the ceremonyâ€™s principal address.
Navy to Commission Submarine Texas
Sailors stationed aboard the Pre Commissioning Unit (PCU) Texas (SSN 775) stands topside as she gets underway from Naval Station Norfolk. Texas is the second Virginia-class submarine built and the first major U.S. Navy combatant vessel class designed with the post-Cold War security environment in mind. Texas will be commissioned Sept 9, 2006. The ceremony is scheduled to take place in Galveston, Texas. U.S. The Navy will commission the USS Texas, second ship of the Virginia attack submarine class, Sept. 9, during ceremony at the Port of Galveston piers in Galveston, Texas. As the Navy's next-generation attack submarine, the Virginia-class submarine is the first class specifically designed to counter post-Cold War threats…
Texas LNG’s Brownsville Project Progressing
Texas LNG appoints BNP Paribas as financial adviser for Brownsville LNG project, progresses FERC pre-filing process and completes over 60 percent of front end engineering and Design for facility. Texas LNG Brownsville LLC announced that BNP Paribas has been appointed as financial adviser for the Brownsville project. BNP Paribas will assist Texas LNG in the raising of equity and debt financing for the total capital requirements of the Project, including the execution of definitive transaction documents for achieving final investment decision (FID) and project construction.
Texas LNG Makes Strides on US LNG Export Project
Texas LNG LLC says it has as filed an application to the United States Department of Energy (DOE) seeking authorization to export up to 2 MTA (million tonnes per annum) of Liquefied Natural Gas (LNG) to FTA (Free Trade Agreement) and non-FTA markets following the execution of its exclusive lease option agreement with the Port of Brownsville in South Texas, USA. The company explains it will employ a toll processing business model whereby the LNG customer will pay Texas LNG a fee…
Texas LNG Gets OK from US Coast Guard
Texas LNG Brownsville LLC said it achieved another development milestone with the U.S. Coast Guard’s Letter of Recommendation to the Federal Energy Regulatory Commission (FERC) confirming the suitability of the Brownsville Ship Channel for the project’s marine traffic as it relates to safety and security. “After reviewing the information in the applicant’s [Letter of Intent] and Waterway Suitability Assessment and completing an evaluation of the waterway in consultation with a variety of state and local port stakeholders…
Buckeye Partners JV Announces Marine Terminal in Texas
Buckeye Partners announced the formation of a joint venture with Phillips 66 Partners and Andeavor to develop a new deep-water, open access marine terminal in Ingleside, Texas. The South Texas Gateway Terminal will be constructed on a 212 acre waterfront parcel at the mouth of Corpus Christi Bay. The facility is positioned to serve as the primary outlet for crude oil and condensate volumes delivered off of the planned Gray Oak pipeline from the Permian Basin. The terminal, to be constructed and operated by Buckeye…