Shipping oil around the world in fleets of tankers is big business right now. Who knew? It isn’t all smooth sailing, but Frontline is still hauling in the cash.
Shell Oil Co. has agreed to pay more than $300,000 in fees and penalties for spilling about 420 gallons of oil into Carquinez Strait at its Martinez refinery in January 2006. No injuries were reported at the time and no dead wildlife were found, though the spill...
ATHENS, Greece, Sept. 25 /PRNewswire-FirstCall/ -- TOP Ships Inc. announced today that it has entered into an exclusivity agreement with an affiliate of George Economou, the Greek shipowner, providing for the exploration by such affiliate of the possible acquisition of the Company at a potential price of $6.00...
World in brief MOGADISHU The US Navy has reported that Somali pirates tried to attack one of its oil tankers. A security team on board the vessel opened fire on two small boats after they ignored warnings and pursued the ship, said a spokesman for the...
SEOUL AFP — An international ship management company said Wednesday it suspects South Korean officials are colluding to blame a Hong Kong tanker crew for Korea's worst oil spill despite an earlier acquittal. The captain and chief officer of the supertanker Hebei Spirit have been barred from leaving...
AMMAN AFP — Jordan received 11,000 barrels of Iraqi oil by road on Wednesday, the first delivery under a new agreement which revises the subsidy the kingdom receives in the light of spiralling world prices, Energy Minister Khaldun Qteishat said. "Forty-one tankers laden with 11,000 barrels of crude...
Mammoth Energy Group, Inc. (PINKSHEETS: MMTE) is pleased to announce initial flow rate production numbers for itsPawnee county wells. Management for the project operator, Mandalay EnergyResources, states they have had enough fluid recovery to estimate initialflow rates to be 175 BOPD for the 7 wells combined. Mandalay anticipates...
DUBLIN, Ireland -- Research and Markets (http://www.researchandmarkets.com/research/759708/energy_map_of_the) has announced the addition of the "Energy Map of the World, 2008" map to their offering. This new third generation satellite derived map has been fully updated for August 2008. Map Features:- Satellite derived image basemap- Major oil & gasfields- Major...
Ship Finance International Limited (NYSE: SFL) ("Ship Finance" or the"Company") announces that its 2008 Annual General Meeting will beheld on September 19, 2008. A copy of the Notice of Annual GeneralMeeting and associated information including the Company's AnnualReport on Form 20-F can be found on our website at http://www.shipfinance.org ...
The Baltic Pipeline System BPS came on stream in December 2001 carrying crude oil from West Siberian and Timan-Pechora oil provinces westwards to the newly completed terminal of Primorsk in the Russian Gulf of Finland. The BPS gives Russia a direct outlet to North European markets, allowing the country to...
After Russian crude oil flows through the pipelines described above, crude oil and products are shipped on to Europe, the US, and Asia via tanker. About 1m b/d of Russia's crude oil are shipped to the Mediterranean and to Asia via tankers in the Black Sea, mostly from the port...
NORDIC BUSINESS REPORT-20 August 2008-Danish shipping company TORM posts record profit for first halfC1994-2008 M2 COMMUNICATIONS LTD http://www.m2.com Danish shipping company A/S Dampskibsselskabet TORM (OMX Copenhagen: TORM) (NASDAQ: TRMD) issued on Wednesday (20 August) its report for the first half of the year, posting an operating profit of...
THIS week we take a second look at byegone Milnsbridge, and our first stop is Milnsbridge Secondary School. It was the custom for towns, villages, schools and other organisations to sponsor or 'adopt' a plane or ship as part of the 1939-45 war effort. This habit carried over...
NORDIC BUSINESS REPORT-15 August 2008-Aker Floating Production ASA reports Q2 operating loss of USD8.8mC1994-2008 M2 COMMUNICATIONS LTD http://www.m2.com Norwegian floating production, storage, and offloading unit FPSO operator Aker Floating Production ASA (OSE: AKFP) reported an operating loss of USD8.8m on operating revenues of USD110.9m for the period April-June...
Teekay Tankers Ltd. Teekay Tankers (NYSE: TNK) today announced a cash dividend of $0.90 per share for the quarter ended June 30, 2008. This dividend is payable on August 22, 2008 to all shareholders of record on August 15, 2008. About Teekay Tankers Ltd. Teekay Tankers is a Marshall Islands...
Environmentalists seized the opportunity to thumb their nose at expanded oil and gas exploration after a July 23 barge-tanker collision spilled an estimated 400,000 gallons of fuel oil into the Mississippi River. In their eyes, the accident's impact on the downriver ecosystem is yet another reason to reduce our reliance...
Maritime businesses have lost time and money since the July 23 barge and tanker collision, fuel oil spill and subsequent Mississippi River closure, and recouping those losses could take years, if it is possible at all. New Orleans maritime attorney George Fowler said lawsuits will abound...
The unnamed person towing the massive fuel barge that collided with a 600-foot tanker July 23, resulting in the spill of 400,000 gallons of fuel oil, did not have the proper license to operate a tugboat. That much has been said. But as the oil settles...
Kazakh and Polish officials in February 2007 agreed to set up a working group to outline proposals to transport Kazakh crude oil through the Odessa-Brody-Plotsk pipeline. Poland is seeking to diversify its crude oil imports in order to be less dependent on Russian supplies. Astana is to diversify its export...
An un-named KMG executive was on March 4, 2008, quoted as saying Astana may participate in Iran's Neka-Jask crude oil pipeline to be built and provide for transit of Kazakh exports via this country. The executive said the Kazakh crude earmarked for the Neka-Jask line will be delivered to the...
Articles 2008-08-04
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