The Capricorn Sun tanker loaded Mars Sour crude off the Louisiana coast in the U.S. and discharged at Germany’s port of Rostock on Aug. 3. The tanker was chartered by Shell Plc, according to two sources and Refinitiv ship tracking data
Matanzas, where the fire broke out after an explosion on Aug. 6, is Cuba’s largest port for receiving crude oil and fuel imports. Cuba relies on oil to generate much of its electricity.
Sunbridge Energy Services will help meet Permian operators’ emission reduction goals through its natural gas compression station, coming online this month in the North Midland Basin, with a partnership with Hanwha Cimarron.
The removal of oil from the Lana, formerly Pegas, prompted Iranian forces to seize two Greek tankers in the Middle East Gulf which have not yet been released.
Transport companies Frontline and Euronav will combine after first announcing the intention to merger in April 2022.
The Vitol-chartered vessel was shipping intermediate oil products including vacuum gasoil and fuel oil from Russia’s Taman port to New Orleans last week, according to a trading source and shipping data.
The loss of Freeport LNG has European LNG buyers and some U.S. shale producers reeling, while rivals Cheniere Energy and Sempra LNG rush to produce more LNG to offset the losses.
The fire that knocked out the Freeport LNG gas-processing and export terminal has not affected the increase in spot rates, he said. The plant is out of operation through at least month’s end.
Also on May 27, Iran summoned an envoy of Switzerland, which represents U.S. interests in Tehran, to protest against the Pegas oil seizure, the Iranian foreign ministry said.