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.

August 23, 2019

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).

August 22, 2019

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.

August 20, 2019

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.

August 15, 2019

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%.

August 13, 2019


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,

August 7, 2019


Enterprise Agrees With Chevron To Develop Crude Oil Port

Offshore terminal will be able to handle VLCCs for the export of Permian oil.

July 31, 2019

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.

July 26, 2019

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.

July 25, 2019

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.

July 21, 2019