Tankers
Acquisitions & Divestitures , Tankers
Trafigura Takes Stake In Frontline In $675 Million Tanker Deal
Trading firm will provide 10 Suezmax vessels and gain an 8.5% stake in Frontline.
Liquefied Natural Gas (LNG) , Tankers , Construction
NorthStar Midstream To Form LNG Marine Transportation Company
NorthStar has executed an agreement with Fincantieri Bay Shipbuilding to build a 5,400 cubic meter (CBM).
Liquefied Natural Gas (LNG) , Tankers , Construction
Freeport LNG Begins Train 1 Production
The Freeport LNG project in Texas started production at its first liquefaction train on Aug. 12 and aims to start commercial operation in the fall this year.
Crude Oil , Shale Plays , Tankers , Pipelines
First Permian Crude Export Almost Ready To Depart Corpus Christi
NuStar plans to load the shipment this weekend, following completion of the Cactus II pipeline system.
Trade , Tankers
Trafigura In Ship Fuel Venture With Frontline, Golden Ocean
Frontline and Golden Ocean will acquire 15% and 10% interests in the joint venture respectively, while commodity trader Trafigura will contribute its existing physical bunkering activities and own the remaining 75%.
Tankers
EnLink Midstream Enters Long-Term Transport Agreement In Louisiana
Venture Global has secured equity funding and is in the late stages of completing debt financing for the Calcasieu Pass facility, and, should Venture Global reach a positive final investment decision,
Tankers
Enterprise Agrees With Chevron To Develop Crude Oil Port
Offshore terminal will be able to handle VLCCs for the export of Permian oil.
Shale Plays , Tankers
Argentina's YPF Seals LNG Tie-Up Amid Energy Export Push
Argentina is looking to become one of the few LNG exporting countries through sales of gas left over in summer periods, when local demand is reduced, while allowing it to increase the inflow of much-needed U.S. dollars to the country.
International , Tankers
In Change, Britain Says It Will Escort All UK Vessels Through Hormuz Strait
Government had previously said it lacked the military resources to protect all tankers.
International , Tankers
Shipping Industry Grapples With Threat In Strait Of Hormuz
A third of the world’s seaborne oil—almost 17 MMBbl/d—passes through the strait, which narrows to just 21 miles and has long been a strategic chokepoint in the Persian Gulf.