tankers News

Energy Companies Restore U.S. Gulf Production After Hurricane

HOUSTON — Energy companies forged ahead restoring oil and natural gas production in the U.S.-regulated northern Gulf of Mexico on Monday, three days after Hurricane Delta made landfall, said the U.S. Bureau of Safety and Environmental Enforcement (BSEE). Shut offshore …

Glass Maker Seeks to Seize Venezuela-Owned Oil Tanker to Collect Award

NEW YORK/MEXICO CITY — U.S. glass manufacturer O-I Glass Inc is seeking to seize an oil tanker owned by Venezuela to collect part of a $500 million arbitration award it won after the 2010 expropriation of two manufacturing plants, according …

The Natural Gas Glut Moves Offshore

Liquefied natural gas traders are following the latest trend in the oil market by storing huge amounts of the commodity on tankers, hoping prices will rise before the ship docks. But while crude can sit for months or even years …

Oil Tanker Insurance Costs to Jump After Gulf Attacks

The cost of insuring tankers to ship Middle East crude looks set to jump after a second spate of attacks on vessels in the region in just over a month underscored escalating tensions in the oil-exporting region. A so-called “additional …