The Iranian vessel was seized on July 4, with Iran accused of violating sanctions by shipping oil to Syria.
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%.
PHMSA says it won’t allow the company to restart two lines until an investigation is complete.
The U.S. Environmental Protection Agency (EPA) has granted 31 small refinery biofuel waivers for 2018 on Aug. 9, infuriating the ethanol and corn producers.
Iraq's oil ministry said on Aug. 10 it was still in talks with Exxon Mobil Corp. over a major deal to improve the country's southern oil infrastructure.
The Trump administration on Aug. 9 unveiled a proposal that would curb state powers to block pipelines and other energy projects, drawing praise from the oil industry but criticism from progressive states and Democratic lawmakers who said it would jeopardize water quality.
Imports could have averaged as much as 360,000 bbl/d.
Chevron Corp. said on Aug. 8 it has launched one of the world's largest carbon capture and storage projects, injecting CO2 into a deep reservoir under an island off Western Australia at its Gorgon LNG project.