Light Sweet Crude Exports Jump at LOOP
The Louisiana Offshore Oil Port (LOOP) exported a record 283,333 barrels per day of light sweet crude last month, according to trade sources, as prices weakened against global Brent.LOOP, which exports mostly medium sour grades produced in the U.S. Gulf of Mexico, last month exported more than twice the amount of light sweet from the prior month. Overall exports of U.S. crude hit a record 3.77 million barrels per day (bpd) one week in June, U.S. government data showed.A decline in oil imports at the facility, stemming from record U.S.
BIMCO: US Seaborne Crude Oil Exports Hit Record High
US exports of crude oil have, since August 2018, continued to rise every month, with a new record high in January of 9.6 million tonnes. Exports rose in January on the back of increased sales to Europe, which rose from 2.7 million tonnes in December to 4.8 million tonnes in January.A strong end to 2018 meant that volumes for the full year totalled 87.4 million tonnes, 96.7% higher than the 44.4 million tonnes exported in 2017. This is good news for the crude oil tanker sector…
PDVSA Oil Port Paralyzed by Another Blackout
Venezuela's main oil export port of Jose and the country's four crude upgraders have been unable to resume operations following a massive power blackout on Monday, according to industry workers and a union leader close to the facilities.The most recent oil shipment for export, on the carrier Dragon chartered by Russia's Rosneft, left Jose, which is owned by state-run PDVSA, on March 24, according to Refinitiv Eikon vessel-tracking data and PDVSA's trade documents."There is no electricity…
Tanker Bottleneck Eases for Port of Houston
Four tankers on Thursday were preparing to offload or pick up cargoes in the busiest U.S. oil port, the first signs of an easing of the bottleneck that cut 1 million barrels per day of shipments, according to vessel tracking data.The Houston Ship Channel reopened this week with operating restrictions following a fire at Mitsui & Co Inc's Intercontinental Terminals Co (ITC) in Deer Park, Texas. That blaze sent fuel and chemicals into the waterway, which connects Houston to the…
Houston Ship Channel Reopened
The U.S. Coast Guard on Monday reopened portions of the Houston Ship Channel with restrictions on waterways affected by the petrochemical leak outside Houston that has disrupted ship traffic.The busiest U.S. oil port, shut last Friday after a chemical leak into the water, led Royal Dutch Shell Plc and LyondellBasell Industries to cut production on Monday, according to people familiar with their operations.In a midday announcement, the Coast Guard said it is allowing daytime transits only through the ship channel…
TX Refineries Cut Output as Spill Curbs Shipping
Royal Dutch Shell Plc and LyondellBasell Industries cut production on Monday at their Houston-area oil refineries because of shipping disruptions along a waterway affected by a petrochemical fire and spill, according to people familiar with the matter.A fire and fuel leak at Mitsui & Co Inc's Intercontinental Terminals Co (ITC) storage facility in Deer Park, Texas, last week sent gasoline, water and fire suppressant foam into the Houston Ship Channel, which connects Houston to the Gulf of Mexico, and is home to nine oil refineries.The U.S.
US Oil Export Boom Sparks Battle to Build Texas Ports
Booming U.S. oil exports have set off a scramble to build Gulf Coast ports to handle more than 3 million barrels per day in new supplies expected over the next five years.Of seven proposed oil-export projects, nowhere is the opportunity greater or the competition more fierce than in Corpus Christi, Texas, where three firms are vying to open the state's first deepwater port.Commodities trader Trafigura has taken an early lead with a planned offshore facility that has an easier…
Tanker Collision Closes Part of PDVSA's Jose Port
A portion of Venezuela's main oil port of Jose was out of operation due to a weekend tanker collision, curtailing state-run PDVSA's ability to export upgraded crude and receive imported diluents, three sources with knowledge of the incident said on Tuesday.The south dock, one of three docks at the port, was closed as a result of what was described as a minor collision, the sources said.Reporting by Marianna Parraga
PDVSA to Reopen Damaged Port Dock by Month's End
PDVSA expects to reopen the south dock of Venezuela's main oil port Jose by the end of September, easing strains on crude exports delayed due to a tanker collision last month, according to internal trade documents from the state-run oil firm seen by Reuters.Last week, PDVSA began diverting tankers to Puerto la Cruz for loading, but the South American country's crude exports have remained slow in recent weeks as few customers have accepted the 500,000-barrel-per-cargo maximum neighboring terminals can handle.Besides Puerto la Cruz…
Hariga Oil Port Operating Normally Following Protest
Libya's eastern oil export port of Hariga on Friday was working normally a day after a protest there, port workers said.Late on Thursday, tribesmen staged a demonstration at the port’s gate in protest against the appointment of a government minister, a tribe leader told Reuters.The port, which is linked to the Sarir oilfield, has been hit by closures in the past caused by protests such as guards complaining about delays in receiving their pay.(Reporting by Ayman al-Warfalli, writing by Ulf Laessing; editing by Jason Neely)
US Oil Exports to Asia May Slide Further
Rising shipping rates have increased the costs of shipping oil from the United States to Asia and may further the restrict the flow of U.S. oil to the region later this year, multiple trade and shipping sources said on Thursday.Freight rates for tankers that carry crude oil have soared globally, buoyed by peak seasonal demand, weather disruptions and higher bunker fuel costs, the sources said.The cost of chartering a Very Large Crude Carrier (VLCC) capable of carrying 2 million barrels of crude from the U.S.
LOOP Resumes Normal Operations After Storm
The Louisiana Offshore Oil Port (LOOP), the largest privately-owned crude terminal in the United States, said it resumed normal operations at its Marine Terminal on Thursday after operations were suspended ahead of Hurricane Michael.Major oil producers and drillers began returning workers and restoring output at U.S.
Trading Firm Trafigura Looks to Build U.S. Deep Water Oil Port
Global commodities trader Trafigura has applied to build a deep water port in Texas, United States, that would be able to load supertankers, the company said on Monday, supplying badly needed oil export infrastructure to the country.The company said it had applied for a permit on July 9 via its subsidiary Texas Gulf Terminals.The United States began exporting crude oil in 2016 after the ban on exports was lifted but while its production and therefore exports keep hitting new highs…
Trafigura to Build U.S. Deep-Water Oil Port
Swiss commodities trader Trafigura has applied to build a deep-water port in Corpus Christi, Texas, on the Gulf of Mexico, which will be able to load supertankers, reports FT.The report said that the plan would see the commodity house build an offshore deepwater port facility with a view to accommodate very large crude carriers (VLCC) capable of carrying more than 2m barrels of crude. It requires approval from the US Department of Transportation’s maritime division.According to a Reuters report…
Libya's Oil Output Down Sharply in 2018
Libya's national oil production fell to 527,000 barrels per day (bpd) from a high of 1.28 million bpd in February following recent oil port closures, the head of the National Oil Corporation (NOC) said in a statement on Monday.The NOC had not previously stated how high the country's production had climbed after partially recovering to more than 1 million bpd a year ago.In the video statement dated July 8 the chairman of Tripoli-based NOC, Mustafa Sanalla, said the Feb. 23 closure of the El Feel oilfield due to protests led to the loss of 80…
Dallas Company Secures Permits to Expand Crude Export Hub at Texas Port
Jupiter MLP LLC, a Dallas-based logistics company, has secured permits to expand a crude export dock at the Port of Brownsville in Texas, the latest in a series of moves made by U.S. companies to tap into booming overseas shipments.The expanded dock space will be able to accommodate Suezmax-size vessels, the company said in a statement Thursday.Privately-held Jupiter has also begun the permitting process to build an offshore supertanker loading facility six miles (9.6 km) off the coast of Texas.The facility will be connected to the expanded dock…
Armed faction enters major Libyan oil port
An armed faction entered a major Libyan oil terminal and a nearby airport on Friday, after attacking forces that have controlled the terminals since September, officials and residents said. The terminals at Es Sider and Ras Lanuf are two of Libya's largest, with potential combined production capacity of about 600,000 barrels per day (bpd). The new uncertainty over their status could be a blow to Libya's hopes of further reviving its oil production. It was unclear who controlled the ports late on Friday.
Abu Dhabi Port Eases Restrictions on Tankers Going to and from Qatar
Abu Dhabi port authorities have eased restrictions on oil tankers going to and from Qatar, according to industry sources and shipping circulars seen by Reuters on Wednesday. Abu Dhabi Petroleum Ports Authority issued a new circular on Wednesday removing previous restrictions on non-Qatar owned, flagged or operated vessels sailing to and from Qatar. This effectively allows direct trade between the two ports and co-loading of crude cargoes, a Singapore-based shipbroker said. A Middle…
Abu Dhabi Puts Fujairah LNG Terminal On Hold
Citing sources familiar with the matter, Bloomberg reports that Abu Dhabi is delaying the construction of the UAE’s first land-based LNG import terminal after contracting a floating liquefied natural gas unit. The Abu Dhabi National Oil Company has secured the services of an FSRU due to commence operations later in the year. The vessel will reportedly be based at Ruwais, to the west of Abu Dhabi, where there is an oil refinery and crude-loading port. The EmiratesLNG partnership was unavailable for immediate comment. The Fujairah LNG plant was scheduled for completion in 2018.
Libyan Protesters Stop Oil Exports from Eastern Hariga Port
Libyan state security guards have started a protest at the eastern Hariga oil port, banning any oil exports, a Libyan oil official said on Saturday. A tanker had been waiting for three days to lift oil but the guards did not allow it, the official said, asking not to be named. The port is only open for fuel imports, he added. (Reporting by Ayman al-Warfalli; Writing by Ulf Laessing, editing by William Hardy)
Italy's Help Sought to Extinguish Fire at Oil Port
Libya has called on Italy to send firefighters to prevent a fire spreading out of control at Es Sider, the country's biggest oil port, officials said on Saturday. A rocket hit an oil storage tank last week at the port in the east of the country during clashes between forces allied to Libya's competing governments. Ali al-Hassi, spokesman for a security force allied to the internationally-recognised government, said the fire had spread to a total of five oil tanks. "We are trying to extinguish it but our capacities are limited," he said.
Air Strikes on Port of Misrata
Forces loyal to Libya's internationally recognised government on Saturday staged air strikes on the commercial port of Misrata, a western city allied to a group that holds the capital Tripoli, both sides said. Fighting was also reported near the country's biggest oil export port located in the east, part of a struggle between troops loyal to two competing governments and parliaments. The internationally recognised prime minister Abdullah al-Thinni has been forced to run a rump…
The Crowley Way
Walk in the front door at Crowley Maritime Corporation HQ in Jacksonville, Fla., and you learn nearly everything you need to know about the company. With your visitor’s badge, you are handed a “Safety and Evacuation” brochure, and the person you are there to meet – in our case Tom Crowley, Jr. – walks down to greet you personally. Safety and People; The Crowley Way. The rest is just details. Crowley Maritime was founded in 1892 by Thomas Crowley in San Francisco. Its fleet: A single Whitehall rowboat purchased for $80, used to ferry people and supplies from shore to ships anchored in the Bay.
Methanol Plant at Libyan Port Shut after Accidental Blast
A methanol plant in the Libyan oil port of Brega has stopped operations after an accidental explosion caused by a gas leak, an official said on Tuesday. The plant will remain shut until safe operations can be guaranteed, but it was not clear how long this would take, said Issa Mukhtar, an official at Sirte Oil Company which runs the plant. One worker was injured by the explosion which occurred early on Saturday and was caused by a leak in a natural gas heating unit, Libya's National Oil Corporation (NOC) said.
Libya's Ports Prepare to Load Oil Tankers
Libya's Zueitina oil port prepared on Monday to load crude on tankers after the government reached a deal with rebels to reopen four terminals that insurgents have occupied since summer. The federalist rebels agreed on Sunday to end gradually their eight-month blockade of Zueitina, Hariga, Ras Lanuf and Es Sider ports, which account for around 700,000 barrels per day of the OPEC country's crude exports. Brent crude fell $1.47 to a low of $105.25 per barrel before recovering to $105.72 by 1256 GMT…
Oil Rebounds Towards $109
Oil rebounded towards $109 a barrel on Tuesday a day after prospects of a return of Libyan supply prompted its biggest daily fall in nearly a month although investors showed muted response to more U.S. sanctions on Russia. Libya's National Oil Corp (NOC) said on Monday it planned to lift force majeure from the eastern oil port of Zueitina, offering hope of a restart to exports at a second port after a deal with rebels. June Brent crude were up 41 cents to $108.53 a barrel by 0759 GMT after a 1.4 percent drop on Monday. U.S.