Monday, July 15, 2024

Caribbean Sea News

US LNG Loading Delays Expected as Hurricane Slams Gulf Coast

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Loadings of liquefied natural gas (LNG) cargoes from the United States likely will be delayed as a powerful storm strikes the heart of the U.S. oil and gas industry on the Gulf Coast, forcing several LNG plants to…

Third Iranian Fuel Cargo Approaches Venezuela

The third cargo of an Iranian tanker flotilla carrying fuel for gasoline-thirsty Venezuela on Tuesday reached the nation's exclusive economic zone as the previous two were discharging at state run PDVSA's ports, according…

Coronavirus-related Inspections Delay Venezuelan Oil Exports

At least two cargoes of Venezuelan crude have been delayed due to health inspections aboard tankers to prevent the spread of the coronavirus, according to an internal document from state oil company Petroleos de Venezuela…

Dominican Republic Kicks Off Licensing Round

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The Dominican Republic's first oil licensing round will be a success if it awards more than two of the 14 blocks on offer this year, a government official said at an event disclosing the Caribbean nation's fiscal terms.The licensing round…

Colombia, Shell Ink Offshore E&P Contracts

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Colombia's government on Monday said it signed two exploration and production contracts with Shell in offshore areas of the Caribbean Sea that will require the company to make initial investments of $100 million.Colombia recently modified contractual terms for offs

Ecopetrol Wins Offshore Colombia Block

Colombia’s state-run oil company Ecopetrol SA has signed Colombia’s first offshore exploration and production contract under a newly revised contract model.According to a report in Reuters, the deal for a nearly 400…

Bunker Delivery Note Amendments Enter into Force

Amendments to the bunker delivery note relating to the supply of marine fuel oil to ships which have fitted alternative mechanisms to address sulphur emission requirements entered into force on 1 January 2019.According…

NOIA Calls for Offshore Wind Territories Act

National Ocean Industries Association (NOIA) said that U.S. territories need the Offshore Wind for Territories Act.The U.S. has five permanently inhabited 'Territories' in the Caribbean Sea and the Pacific Ocean: American Samoa…

Carriage Ban Adopted to Implement Sulphur 2020 Limit

An amendment to support consistent implementation of the forthcoming 0.50% limit on sulphur in ships fuel oil was adopted by the International Maritime Organization (IMO) on Friday (26 October), during the current…

T/S Nate Kills 22 in Central America, Bears Down on U.S. GoM

Tropical Storm Nate killed at least 22 people in Central America on Thursday as it pummeled the region with heavy rain while heading toward Mexico's Caribbean resorts and the U.S. Gulf Coast, where it could strike as a hurricane this weekend.

Retail Gasoline Prices Surge in Harvey's Choppy Wake

Nearly a quarter of U.S. refining capacity out; Motiva down for two weeks; Corpus Christi starts to reopen. Retail U.S. gasoline prices hit two-year highs and global shipping routes were scrambled as the nation's largest refiners remained shut on Friday…

Ecopetrol Restarts Cano-Limon Pipeline

Colombian state oil company Ecopetrol has restarted the country's second-largest oil pipeline, the Cano-Limon Covenas, after a series of bomb attacks halted movement of crude for seven weeks. The pipeline began pumping again during the night…

PDVSA Woes Deepen as Caribbean Debt Soars

Unpaid debts and broken promises are making Venezuelan oil giant PDVSA an outcast in several Caribbean countries where it had been a guest of honor. The state-run company's crumbling finances are causing operational…

Ecopetrol Finds Hydrocarbons in Deep Caribbean Waters

Colombia's state oil company Ecopetrol reported late on Tuesday the presence of hydrocarbons at its Kronos-1 well in ultra-deep waters of the Caribbean Sea. The discovery was made at a depth of 3,720 meters (12,200 feet) at the well in the Fuerte Sur block…

Prices Dip to Five-Year Low on Weak Demand

Thermal coal prices fell to a five-year low on Monday, under pressure from weaker demand and large stockpiles. German industrial orders fell 5.7 percent in August, the largest drop since 2009, with the subdued euro…

Thermal Coal Prices Edge up on Utility Orders

Thermal coal prices rose slightly on Thursday on the back of utility orders ahead of the peak demand winter season, but rises were capped by falling oil markets and because of a weaker economic outlook in China. European…

Aiming to Make Less Fuel Go Further: Maersk Drilling

Maersk Drilling says it is engaged in an energy efficiency project for its newbuilds together with Maersk Maritime Technology. The project involves an Energy Management System (MSPS), which uses KWH meters and/or…

Storm near Lesser Antilles Could Develop into cyclone

An elongated area of low pressure located about 350 miles east of the Lesser Antilles has a 50 percent chance of becoming a tropical cyclone in the next 48 hours, the U.S. National Hurricane Center (NHC) said on Thursday.

OW Bunker, Petrocosta Collaborate in Latin America

OW Bunker has entered into a partnership with Petrocosta CI SA, a Colombian fuel marketing and transportation company. The agreement will further develop OW Bunker’s physical distribution network of marine fuel in…

Statoil Awarded Licence Offshore Colombia

Statoil has been awarded interest in the COL4 licence offshore Colombia in the Caribbean Sea in the 2014 Colombia Licensing Round. Statoil will hold 33,33% in the licence. Repsol will be the operator of the licence and will hold 33,34%.