Joseph
Markman
Hart Energy
US Sour Crude Cargo Sails to Germany as Russia Sanctions Bite
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
Fire Rages at Cuba Oil Terminal; Third Tank Collapses after Spill
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 Launches Natural Gas Compression Station in Midland Basin
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.
Iranian Tanker to Retrieve Oil Cargo Confiscated by US This Week
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.
Oil Tanker Owners Frontline and Euronav Sign Merger Deal
Transport companies Frontline and Euronav will combine after first announcing the intention to merger in April 2022.
US Authorities Make Checks on Oil Tanker Arriving from Russia
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.
Tankers Bound for Freeport LNG Divert to Trinidad, Maryland
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.
LNG Tanker Charter Rates Hit Record Highs as Demand Soars
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.
Iran Seizes Two Greek Tankers amid Row over US Oil Grab
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.
War’s Scrambling of Gas Markets May Prompt Investors to Return to Energy
Europe’s rejection of Russian natural gas could translate into a boom in infrastructure to meet demand.