Trump Will Work With U.K. On Stena Impero Response

by Josh Wingrove (Bloomberg) President Donald Trump said he will work with the U.K. government on a response to Iran’s seizure of a British oil tanker in the Strait of Hormuz. “We have a very close alliance with the U.K.,” Trump said at the White House on Friday as he departed for his golf resort in […]

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Oil Jumps as Tanker Seizure Escalates Tensions With Iran

By Harkiran Dhillon (Bloomberg) Oil climbed after Iran’s Revolutionary Guard Corp said it seized a British-flagged tanker in the Strait of Hormuz, raising stakes in the critical oil chokepoint. London-traded Brent futures climbed almost 1% while the U.S. benchmark also rose. The seizure of the tanker is the second Iranian move against a U.K. ship […]

Stena Impero: Britain Calls Emergency National Security Meeting

by Guy Faulconbridge (Reuters) Britain said Iran’s seizure of a British-flagged vessel and a Liberian-flagged vessel in the Strait of Hormuz was unacceptable and called for freedom of navigation in the Gulf. “I’m extremely concerned by the seizure of two vessels by Iranian authorities in the Strait of Hormuz,” Foreign Secretary Jeremy Hunt said. “I […]

Trump Responds To Tanker Seizure By Iran

by Nick Wadhams (Bloomberg) Iran’s Revolutionary Guard Corps seized a British oil tanker in the Strait of Hormuz amid soaring tensions in one of the world’s critical energy chokepoints. Brent climbed more than 1.3% on the news.  U.S. President Donald Trump told reporters at the White House that he will be “working with the U.K.” on […]

Stena Confirms Strait Of Hormuz Incident

Stena Bulk has issued the following statement about M/V Stena Impero, the British-flagged oil tanker that Iran claims to have siezed. Stena Bulk and Northern Marine Management can confirm that at approximately 1600 BST on 19th July UK registered vessel Stena Impero (built 2018, 49,683 DWT) was approached by unidentified small crafts and a helicopter […]

Iran Claims To Have Seized Stena Tanker

By Kate Holton (Reuters) – Iran’s Revolutionary Guards said on Friday they had captured a British-flagged oil tanker in the Gulf after Britain seized an Iranian vessel this month, ratcheting up tension along a vital international oil shipping route. Britain said it was urgently seeking information about the Stena Impero after the tanker, which had […]

Seadrill’s West Gemini Awarded Contract in West Africa

Offshore drilling contractor Seadrill has announced a contract award from an undisclosed customer for its ultra-deepwater drillship West Gemini in West Africa. The nine-well contract includes three options, each for two wells, and has a total contract value of approximately $84 million. Commencement is expected to start in early Q4 2019 and continue through Q4 […]