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Oil News

Iran Says U.S. to Lift All Oil and Shipping SanctionsIran Says U.S. to Lift All Oil and Shipping SanctionsIran said on Wednesday the United States had agreed to remove all sanctions on Iran’s oil and shipping, although Germany cautioned that major issues remained at talks between Tehran and world powers to revive a 2015 nuclear deal.23 June 2021 Wednesday 10:30
Japan Drilling secures new jackup contract in QatarJapan Drilling secures new jackup contract in QatarThe contract, secured through its subsidiary, Japan Drilling Netherlands, includes two one-year options and is scheduled to start in the second quarter of 2022.16 June 2021 Wednesday 10:54
French Prosecutors Hunt for Source of Oil Spill Off CorsicaFrench Prosecutors Hunt for Source of Oil Spill Off CorsicaLast week, French authorities spotted a long slick of heavy oil off the east coast of Corsica, prompting concerns that it might drift ashore on the island's well-known beaches.14 June 2021 Monday 10:00
Iranian Tanker Seized by Indonesia is Released After 4 MonthsIranian Tanker Seized by Indonesia is Released After 4 MonthsAn Iranian-flagged tanker seized by Indonesia in January over the suspected illegal transfer of oil has been released, an Indonesian official and Iranian state media said on Saturday.30 May 2021 Sunday 10:50
Gibraltar Detains Bulker as it Cleans Bunkering Oil SpillGibraltar Detains Bulker as it Cleans Bunkering Oil Spill“Every attempt is being made to ensure that the waters within the surrounding areas of our port and coastline are being cleared as soon as possible,” said the Captain of the Port, Manuel Tirado.17 February 2021 Wednesday 13:25
With Oil Past Peak, Shell Sharpens 2050 Zero Emissions GoalWith Oil Past Peak, Shell Sharpens 2050 Zero Emissions GoalEnergy giant Royal Dutch Shell vowed to eliminate net carbon emissions by 2050, raising its ambition from previous targets, as its oil output declines from a 2019 peak.12 February 2021 Friday 11:00
U.S. Tries to Seize Oil Shipment It Says Came From IranU.S. Tries to Seize Oil Shipment It Says Came From IranThe U.S. is trying to seize around 2 million barrels of what it thinks is Iranian oil, according to people familiar with the matter, in Washington’s latest attempt to block the Islamic Republic’s energy exports.27 January 2021 Wednesday 13:10
Fincantieri Reveals Plans for Major New Shipyard in Yucatan, MexicoFincantieri Reveals Plans for Major New Shipyard in Yucatan, MexicoItalian shipbuilding group Fincantieri has revealed plans to manage a major new shipyard in Mexico’s Yucatan state capable of servicing some of world’s largest cruise vessels, cargo ships and oil and gas vessels.28 November 2020 Saturday 11:00
UAE announces discovery of new oil reservesUAE announces discovery of new oil reservesAn estimated 22 billion barrels of non-conventional and recoverable crude was recently discovered in Abu Dhabi, the capital of the United Arab Emirates (UAE).26 November 2020 Thursday 12:00
US$120Bn Abu Dhabi energy budget approvedUS$120Bn Abu Dhabi energy budget approvedOffshore projects in the United Arab Emirates (UAE) are part of the Supreme Petroleum Council’s approval of a US$120Bn energy budget25 November 2020 Wednesday 14:00
Venezuela Oil Exports Fall to New Lows as Clients Wind DownVenezuela Oil Exports Fall to New Lows as Clients Wind DownVenezuela’s oil exports fell to a historic low of 359,000 barrels per day (bpd) in October as most of state-run PDVSA’s long-term clients paused trade to meet a U.S. deadline to halt business with the firm, according to data seen by Reuters on Monday.03 November 2020 Tuesday 13:40
Nord Stream 2 Pipe-Laying Vessel Underway to Project HubNord Stream 2 Pipe-Laying Vessel Underway to Project HubRussian pipe-laying vessel Akademik Cherskiy, expected to be used to finish the Moscow-led Nord Stream 2 gas pipeline, is heading towards the German project hub of Mukran, Refinitiv Eikon data showed on Monday.26 October 2020 Monday 14:05
Thai Oil identified as buyer of International Seaways VLCC pairThai Oil identified as buyer of International Seaways VLCC pairThai Oil, a subsidiary of Thailand’s energy major PTT Group, has been identified by brokers as the buyer of two VLCCs from International Seaways.14 October 2020 Wednesday 14:06
Iranian tanker departs for Persian Gulf carrying Venezuelan heavy oilIranian tanker departs for Persian Gulf carrying Venezuelan heavy oilAn Iranian-flagged oil tanker left Venezuela on Friday for Iran's Kharg Island, Refinitiv Eikon data showed, after the vessel loaded 1.9 million barrels of heavy crude at the South American country's Jose oil terminal.09 October 2020 Friday 21:08
Containership leaking fuel oil at New Jersey terminalContainership leaking fuel oil at New Jersey terminalA Liberia-flagged container vessel has begun leaking fuel oil at the Global Container Terminals (GCT) Bayonne, New Jersey, the US Coast Guard (USCG) said.01 October 2020 Thursday 11:00
Report: Saudi Arabia warns of an oil slick near Yemen’s decaying tankerReport: Saudi Arabia warns of an oil slick near Yemen’s decaying tankerAn oil spot has been identified some 50 km west of the Safer oil tanker moored off the western coast of Yemen, Reuters reported citing a letter from Saudi Arabia to the UN Security Council.26 September 2020 Saturday 12:00
Sri Lanka to charge New Diamond captain, seek $1.9M in damagesSri Lanka to charge New Diamond captain, seek $1.9M in damagesThe captain of the fire-stricken very large crude carrier New Diamond is facing negligence and pollution charges in Sri Lanka.21 September 2020 Monday 15:00
Near-term US-China VLCC trades to spike, but uncertainties remain aheadNear-term US-China VLCC trades to spike, but uncertainties remain aheadThe VLCC market can look to an expected improvement in US Gulf exports to China over the coming weeks, though uncertainties will kick in by early-November, according to analyst Poten & Partners.07 September 2020 Monday 16:00
Indian Oil Corp-chartered oil tanker catches fire off Sri LankaIndian Oil Corp-chartered oil tanker catches fire off Sri LankaA fully loaded oil tanker has caught fire off the east coast of Sri Lanka, which has dispatched an aircraft and two navy ships to help in the rescue, a Sri Lankan navy spokesman said on Thursday.03 September 2020 Thursday 14:20
Trump Administration Preparing Tighter Venezuela Oil SanctionsTrump Administration Preparing Tighter Venezuela Oil SanctionsThe Trump administration is looking to tighten oil sanctions on Venezuela in the near future, top U.S. envoy for the country told Reuters on Monday01 September 2020 Tuesday 17:00
China’s Plans To Boost American Oil ImportsChina’s Plans To Boost American Oil ImportsOil prices steadied on Monday as news that China planned to ship large volumes of U.S. crude in August and September countered rising tensions between the two countries and a delay in the review of their trade pact over the weekend.17 August 2020 Monday 14:00
MOL Apologizes for Wakashio Grounding in MauritiusMOL Apologizes for Wakashio Grounding in MauritiusThe operator of a Japanese bulk carrier which ran aground off Mauritius in the Indian Ocean apologised on Sunday for a major oil spill which officials and environmentalists say is creating an ecological disaster.10 August 2020 Monday 16:22
An Oil Spill's Silver Lining: The 30th Anniversary of OPA 90An Oil Spill's Silver Lining: The 30th Anniversary of OPA 90When an oil spill happens, whoever is responsible pays for the cleanup and restoration.10 August 2020 Monday 11:55
Video: Two Swimmers Found Clinging to Oil Rig's Anchor ChainVideo: Two Swimmers Found Clinging to Oil Rig's Anchor ChainOn Friday evening, the Invergordon RNLI lifeboat rescued two friends who were stranded on the anchor chain of a cold-stacked oil rig in Cromarty Firth, Scotland.10 August 2020 Monday 11:10
Transocean Hires Financial Advisor to Evaluate ‘Strategic Alternatives’Transocean Hires Financial Advisor to Evaluate ‘Strategic Alternatives’Transocean Ltd. has tapped Lazard Freres & Co. LLC to be its financial adviser as the world’s biggest owner of deepwater oil rigs confronts history’s worst crude crash.06 August 2020 Thursday 12:10
Aframax tanker crew member died several hours before reaching port, AtlanticAframax tanker crew member died several hours before reaching port, AtlanticSadly, seaman didn’t make it, he died on Jul 19 several hours before tanker arrived at Bermuda. His body was transferred to port, tanker resumed voyage same day.23 July 2020 Thursday 14:35
HRAS: Hijacked Oil Tanker's Crew "Used as Pawns"HRAS: Hijacked Oil Tanker's Crew "Used as Pawns"At the time of writing, those concerned await the news of the apparent imminent repatriation of the remaining two crewmembers from Tehran, including one AB and an engineer.22 July 2020 Wednesday 10:00
Oil Weakens In Wake of Sluggish Economic RecoveryOil Weakens In Wake of Sluggish Economic RecoveryCrude dropped as investors assessed weak economic data and signals that a recovery in consumption may be slowing.18 July 2020 Saturday 15:00
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