Tag: Tankers
Oil Spill Response Science Program hit by cheap crude, lacks applicants
Oil Spill Response Science Program researches oil spill cleanups By Ethan Lou Nov 6 (Reuters) – The two-year oil price crash has hurt a Canadian government program that funds research on oil spill cleanups, resulting in fewer applicants than expected, a senior federal official said. As a result, the government will expand the scope of […]
Low tanker rates enabling more long-distance crude oil product trade
Currently, no US port capable of loading larger tanker typically used to transport crude oil Recent expansion of the global crude oil and petroleum product tanker fleet has resulted in falling or lower tanker rates for much of 2016 that have widened the geographic scope for economically attractive trade at a time when inventories of both […]
Oil tankers face choppy seas as wave of new ships weighs on rates
Oil tankers rates high on strong oil production and demand By Keith Wallis SINGAPORE, July 12 (Reuters) – Oil tankers face choppy waters over the next 18 months as a torrent of new ships pushes down freight rates, just as buoyant oil demand slows, potentially ending a successful run for the sector. Owners of very large […]
Tsleil-Waututh launches 2nd legal challenge to Kinder Morgan pipeline proposal
According to legal challenge, recommendation for approval by National Energy Board continues pattern of unlawful conduct VANCOUVER, BC- The Tsleil-Waututh Nation has launched a second legal challenge of the National Energy Board’s (NEB) review of the Kinder Morgan Trans Mountain pipeline expansion proposal. Tsleil-Waututh, the “People of the Inlet,” has applied to the Federal Court of Appeal […]
Colonial Pipeline plans Texas export dock for gasoline, distillates
Colonial Pipeline facility in Port Arthur By Kristen Hays HOUSTON, April 29 (Reuters) – Colonial Pipeline Co said on Friday it would build an export dock in southeast Texas, marking the largest U.S. refined product pipeline system’s first foray into infrastructure that will connect shippers to international markets. The company said that it will build a […]
Pipelines, tankers, barges convey fuels from Gulf Coast to East Coast
0.5 million b/d of transportation fuel shipped from Gulf Coast to Florida by coastwise-compliant tankers and barges The East Coast and Gulf Coast are highly dependent on each other to balance supply and consumption of transportation fuels, according to the US Energy Information Administration. East Coast transportation fuels (mainly gasoline, diesel, and jet fuel) consumption is met through […]
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