Currently viewing the tag: "oil"
OSG Lightering tanker Gulf of Mexico

Traders Eye Gulf of Mexico Oil Tanker Play

By On August 1, 2011

Spread Between Futures Contracts Makes Stashing Crude Offshore Attractive LONDON (Dow Jones)—Storing oil in tankers offshore is on the rise again in the U.S. Gulf of Mexico, a sign of [...]

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tanker market oil speculators

Oil Speculators Distorting Shipping Market -China Cosco Executive

By On July 11, 2011

Image from minnesotansforglobalwarming.com PERTH (Dow Jones)–State-owned China Ocean Shipping (Group) Co. said Monday that oil-price speculators are currently the biggest headache for the global shipping industry, rather than an oversupply of [...]

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Oil and guns

World Turmoil And The Energy Crisis

By On March 22, 2011

The economist brings us and interesting article on the turmoil in the Middle East as it relates to oil discovery and consumption. They write: TWO factors determine the price of [...]

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BP CEO: Still Planning On $60-$90 A Barrel Of Oil For Long Term

By On March 9, 2011

HOUSTON -(Dow Jones)- Oil giant BP PLC (BP.LN, BP) continues to use an oil-price range between $60 and $90 a barrel in its long-term planning despite rising crude prices, its [...]

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kyeema_full (c) Teekay

Teekay Tankers To Load Vessel In Libya In Next Couple Of Days

By On February 24, 2011

LONDON (Dow Jones)–A Suezmax vessel owned by New York-listed Teekay Tankers Ltd (TNK) is still scheduled to load at a Libyan port over the next couple of days despite port [...]

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Senators Urge Interior Secretary Salazar to Streamline Offshore Drilling Permit Process

By On February 16, 2011

Introduce Resolution Calling for Adequate Guidance for Shallow and Deep Water Operators WASHINGTON, D.C. – Today, a bipartisan group of U.S. Senators, led by Kay Bailey Hutchison (R-Texas) and Mary [...]

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Noble Energy: Permit Process For Gulf Of Mexico Santiago Well Almost Completed

By On February 11, 2011

HOUSTON (Dow Jones)–Noble Energy Inc. (NBL) said Thursday it is planning to return to exploratory drilling in the deep water of the Gulf of Mexico later this year as it [...]

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The imminent death of the BP oil well?

By On September 19, 2010

I’ve seen a few headlines today that seem to portray the Macondo Well as some sort of living creature, like it’s still writhing and twitching as it tries to survive [...]

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Who Has The Oil? A Map of World Oil Reserves.

By On July 15, 2010

“The United States consumes more than 20,000,000 barrels of oil per day but has less than 2 percent of the world’s remaining oil” This map, produced by BP’s Statistical Review [...]

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History’s 10 Most Famous Oil Spills

By On June 27, 2010

Have you ever been curious about history of oil spills? Or wonder what was the most famous or the largest oil spill in history? Do you know all the facts like Exxon [...]

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Massive Explosions in Puerto Rico Refinery – Video

By On October 23, 2009

CNN has the story: Officials say it could take a week to extinguish a massive fire that burned Friday afternoon at a fuel storage complex in Puerto Rico, sending a [...]

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Pilotage Paradox – A Look Into The Cosco Busan Allision

By On September 17, 2008

Pilotage Paradox by Paul Drouin The Cosco Busan accident, as with many others that have the same root cause, can be categorized into what I call the pilotage paradox. For [...]

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