Turkey Reaches Deal over New Crude Tanker Insurance Regulations December 13, 2022 ISTANBUL —Turkey welcomed an agreement reached with its counterparts on Tuesday that allows the continuation of a new regulation requiring...
Sovcomflot’s Tankers Find Refuge in the Bahamas Amid Growing Sanctions March 8, 2022 By Marianna Parraga HOUSTON —At least three tankers controlled by Russian maritime powerhouse Sovcomflot FLOT.MM that have been unable to deliver their cargoes...
Aging Oil-Storage Ships Pose Safety, Environmental Risks Around the World February 23, 2022 By Paul Burkhardt and Julian Lee The decades-old, oil-storage ship that blew up off the coast of Nigeria recently — killing some of its crew and...
Longest Arctic Sailing Season Tops Off a Year of Climate Disasters December 15, 2020 By Anna Shiryaevskaya, Laura Millan Lombrana and Olga Tanas Thinning ice in the Arctic Ocean made this year’s navigation season for natural gas tankers the longest on record, the...
Energy Companies Restore U.S. Gulf Production After Hurricane October 13, 2020 By Erwin Seba HOUSTON — Energy companies forged ahead restoring oil and natural gas production in the U.S.-regulated northern Gulf of Mexico on...
Glass Maker Seeks to Seize Venezuela-Owned Oil Tanker to Collect Award August 6, 2020 By Luc Cohen and Marianna Parraga NEW YORK/MEXICO CITY — U.S. glass manufacturer O-I Glass Inc is seeking to seize an oil tanker owned by Venezuela...
The Natural Gas Glut Moves Offshore April 3, 2020 By Anna Shiryaevskaya and Naureen S. Malik Liquefied natural gas traders are following the latest trend in the oil market by storing huge amounts of the commodity...
Oil Tanker Insurance Costs to Jump After Gulf Attacks June 13, 2019 By Julian Lee and Alex Longley The cost of insuring tankers to ship Middle East crude looks set to jump after a second spate of attacks...