Archive for the ‘Tankers’ Category
PIRA: US to become major crude oil exporter
July 12th, 2017 by Latest News
Regions along the US Gulf of Mexico will play an increasing role as
oil exporters with US crude oil exports forecast to rise to 2.25 million
b/d by 2020, a fourfold increase from 2016, said a special report from
PIRA, an analytics and forecasting un…
US CBP withdraws proposed Jones Act changes
May 11th, 2017 by Latest News
US Customs and Border Protection (CBP) has withdrawn the proposed modifications to the Jones Act that it announced in January.
Ineos has agreed to acquire the 575,000-b/d Forties pipeline system (FPS) and associated pipelines and facilities from BP PLC for as much as $250 million.
There could be significant damages from the US Customs and Border Protection Agency’s (CBP) proposed modifications of its rulings related to the use of Jones Act vessels in offshore oil and gas activity, a report commissioned by the American Petroleum Institute warned.
Refining NZ floats plan for larger crude shipments into Marsden Point
March 23rd, 2017 by Latest News
New Zealand Refining Co. Ltd. (Refining NZ) is seeking public
consultation on a proposed project to bring in bigger cargoes of crude
oil to its 107,000-b/d refinery at Northland, in Marsden Point, New
Zealand, near Whangarei.
Seaborne exports of ethane from the US began early in 2016 and advanced technologically in the year’s final month.
Shell finalizes sale of Malaysian refinery
January 9th, 2017 by Latest News
Royal Dutch Shell PLC has completed the sale of subsidiary Shell Overseas Holdings Ltd.’s majority interest in Shell Refining Co. (FOM) Bhd. (SRC) to Malaysia Hengyuan International Ltd. (MHIL), a subsidiary of China’s Shandong Hengyuan Petrochemical C…
A US oil story
January 9th, 2017 by Latest News
On Jan. 1, members of the Organization of Petroleum Exporting Countries as well as several non-OPEC producers were supposed to begin curtailment of crude oil output in an attempt to hasten market rebalancing (OGJ Online, Dec. 13, 2016). It’s the first …
A US oil story
January 9th, 2017 by Latest News
On Jan. 1, members of the Organization of Petroleum Exporting Countries as well as several non-OPEC producers were supposed to begin curtailment of crude oil output in an attempt to hasten market rebalancing (OGJ Online, Dec. 13, 2016). It’s the first …
Probabilistic approach evaluates reliability of pipelines with corrosion defects
January 3rd, 2017 by Latest News
A probabilistic approach can evaluate the reliability of hydrocarbon pipelines suffering active corrosion defects, taking into account the effect of the correlation between the input variables.