More Oil Tanker News

Energy Transfer Partners to acquire Sunoco

Apr 30, 2012

Energy Transfer Partners LP has signed a definitive merger agreement to acquire Sunoco Inc. in a unit and cash transaction valued at $5.3 billion.

Total prepares parallel operations to stop Elgin gas leak

Apr 9, 2012

A flare on the Elgin platform in the UK North Sea extinguished itself Mar. 31, and Total SA outlined plans to stop the gas leak by boarding the platform to control the well while also drilling a relief well and a backup relief well.

Watching Government: Still seeking a quick fix

Apr 2, 2012

The Silly Season has arrived earlier than usual in Washington—undoubtedly because gasoline prices have soared, and many members of Congress feel their constituents' pain more than usual because it's an election year.

KMEP-Martin JV to build Permian crude-NGL rail terminal

Mar 5, 2012

Kinder Morgan Energy Partners LP (KMEP) and Martin Midstream Partners LP (MMP) will develop a multicommodity rail terminal in Pecos, Tex., through a new joint venture, Pecos Valley Producer Services LLC.

First Gulf of Mexico FPSO receiving Cascade oil

Mar 2, 2012

Oil production began Feb. 25 from Cascade deepwater field into the Gulf of Mexico’s first floating production, storage, and offloading vessel, said operator Petrobras America Inc.

Watching The World: Trafigura in hot water

Feb 27, 2012

Trafigura Beheer BV was in hot water last week after buying a cargo of Nile Blend crude aboard the MT Ratna Shradha, which was poised to offload at Japan's Kiire terminal, owned by JX Nippon Oil & Energy.

Baker Institute examines alternatives to Strait of Hormuz

Feb 27, 2012

Improvements to the pipelines crossing the Arabian Peninsula would allow more of the oil produced in the Persian Gulf to avoid the Strait of Hormuz, according to a paper from Rice University's Baker Institute for Public Policy.

Horizon-Talisman to develop PNG Stanley gas-condensate

Feb 16, 2012

Horizon Oil Ltd., Sydney, said its board approved the final investment decision to develop a condensate recovery project at Stanley field in western Papua New Guinea subject to receiving debt financing on satisfactory terms.

Baker Institute examines alternatives to Strait of Hormuz

Feb 14, 2012

Improvements to the pipelines crossing the Arabian Peninsula would allow more of the oil produced in the Persian Gulf to avoid the Strait of Hormuz, according to a paper from Rice University’s Baker Institute for Public Policy.

South Sudan to construct refinery, oil line to Kenya

Feb 6, 2012

The government of South Sudan, faced with alleged obstructions by Sudan, announced plans to build a refinery and pipeline aimed at transporting recently discovered crude oil to an export terminal in Kenya.

Watching The World: Iran woos Latin America

Jan 16, 2012

Iran's oil diplomacy was in full swing last week, with President Mahmoud Ahmadinejad visiting several Latin American countries, led by his talks with Venezuela's leader Hugo Chavez.

Potential oil, products exports drive Texas Gulf Coast terminal projects

Nov 28, 2011

Kinder Morgan Energy Partners LP, Oiltanking Partners LP, and GT Logistics LLC (GTL) all announced new liquids terminal projects on the Texas Gulf Coast, with GTL explicitly citing possible crude oil exports in describing its facility.

New approach predicts volume mixing in long, multiproduct pipeline

Nov 7, 2011

Combining the classical Austin-Palfrey formula with field data creates a new formula capable of predicting the amount of mixed-product volume arriving at each terminal of a long, multiproduct pipeline crossing varied terrain.

MULTIPRODUCT OPERATIONS—2 (Conclusion): New scheduling rule improves pipeline efficiency

Oct 3, 2011

A new rule prioritizing product delivery to the eligible terminal closest to the one being currently served reduces total accumulated idle volume by about 40% and decreases the number of cut operations.

ExxonMobil completes deal for two Alaska tankers

Sep 29, 2011

ExxonMobil Corp.’s US marine affiliate, SeaRiver Maritime Inc., signed an agreement with Aker Philadelphia Shipyard for construction of two US-flagged Liberty Class crude oil tankers.

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