Oct 15 (Reuters) - President Donald Trump's administration is considering using West Coast military facilities to export coal and natural gas to Asia, according to an Associated Press report on Monday, citing U.S. Department of Interior Secretary Ryan Zinke. The move would help fossil fuel producers ship their products to Asia and circumvent environmental concerns in … [Read more...]
Offshore Drillers Eye Market Recovery by 2020
By John Benny Oct 15 (Reuters) - Battered oil and gas drilling companies are finally seeing piecemeal signs that the prices they charge for offshore rigs are bottoming out with Brent crude selling for more than $80 a barrel and some are forecasting a full turn in the market by 2020. At the depths of a global slide that took oil below $27 a barrel in early 2016, daily rates … [Read more...]
U.S. Oil Exports to Asia May Fall Further After Surge in Tanker Rates
By Florence Tan and Jessica Jaganathan SINGAPORE, Oct 11 (Reuters) - Rising shipping rates have increased the costs of shipping oil from the United States to Asia and may further the restrict the flow of U.S. oil to the region later this year, multiple trade and shipping sources said on Thursday. Freight rates for tankers that carry crude oil have soared globally, buoyed by … [Read more...]
Shipwrecks Found in Greek Waters Tell Tale of Ancient Trade Routes
By Vassilis Triandafyllou and Idyli Tsakiri FOURNI, Greece, Oct 11 (Reuters) - Archaeologists in Greece have discovered at least 58 shipwrecks, many laden with antiquities, in what they say may be the largest concentration of ancient wrecks ever found in the Aegean and possibly the whole of the Mediterranean. The wrecks lie in the small island archipelago of Fournoi, in the … [Read more...]
U.S. Oil Firms Restoring Operations in Storm-Battered Gulf of Mexico
HOUSTON, Oct 11 (Reuters) - Major oil producers and drillers, including Chevron Corp and BP Plc, on Thursday began returning crews to more than 90 offshore facilities in the U.S. Gulf of Mexico that were evacuated this week as Hurricane Michael moved through the Gulf. Production shut-ins that had temporarily halted 42 percent of Gulf oil output and nearly a third of natural … [Read more...]