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Nigeria’s Bonny Light on force majeure due to line closure: Shell

2 days ago DieselGasoil Comments Off on Nigeria’s Bonny Light on force majeure due to line closure: Shell
Exports of Nigeria’s Bonny Light crude have been under force majeure since Friday following the closure of the Nembe Creek Trunk line, terminal operator Shell said Wednesday. Not registered? Receive daily email alerts, subscriber notes & personalize your experience. Register Now The force majeure has been in place since Friday morning following “the shutdown of Read More

Saudi oil outage impact following attacks on refineries not as bad as predicted

2 days ago DieselGasoil Comments Off on Saudi oil outage impact following attacks on refineries not as bad as predicted
The attacks on Saudi oil facilities that led to the largest ever disruption in oil markets might not last for several months, and therefore, additional supply from the Strategic Petroleum Reserve isn’t necessary. The outage at Abqaiq is not just a problem because of the immediate impact on production, but also because it takes much Read More

Iraq signs deal with Boskalis that could almost double oil exports capacity

2 days ago DieselGasoil Comments Off on Iraq signs deal with Boskalis that could almost double oil exports capacity
Amman, Jordan — Iraq signed a heads of agreement with Dutch firm Boskalis to build an artificial island south of the Abot tanker terminal in the Persian Gulf to almost double its export capacity and increase storage room in three years. Not registered? Receive daily email alerts, subscriber notes & personalize your experience. Register Now Read More

Trump dispatches Pompeo to Saudi Arabia following attacks

3 days ago DieselGasoil Comments Off on Trump dispatches Pompeo to Saudi Arabia following attacks
Washington — US Secretary of State Mike Pompeo will travel to Riyadh in response to the Saturday attacks on Saudi Arabia’s Abqaiq processing facility and Khurais oil field, US President Trump told reporters Monday. Not registered? Receive daily email alerts, subscriber notes & personalize your experience. Register Now Trump, who said Monday that he had Read More

US, Canadian oil producers stress supply security after Saudi attack

3 days ago DieselGasoil Comments Off on US, Canadian oil producers stress supply security after Saudi attack
Washington — Permian Basin drillers watch for new export demand Not registered? Receive daily email alerts, subscriber notes & personalize your experience. Register Now Price spike could lead Alberta to ease curtailment Trump brags about US net energy exports The North American upstream sector on Monday was cautiously watching the price impact of the weekend’s Read More

Who can boost crude supply to offset attack on Saudi Arabia?

3 days ago DieselGasoil Comments Off on Who can boost crude supply to offset attack on Saudi Arabia?
By Julian Lee on 9/16/2019 LONDON (Bloomberg) – Here is a list of countries that could boost crude production to offset losses from Saudi Arabia in the event that the disruption to supplies from the attacks on its Abqaiq and Khurais processing facilities lasts longer than initially expected. It’s not a long list and much Read More

Saudi Arabia says Iranian weapons were used to attack oil facilities

3 days ago DieselGasoil Comments Off on Saudi Arabia says Iranian weapons were used to attack oil facilities
By Vivian Nereim, Abbas Al Lawati and Bill Faries on 9/16/2019 RIYADH (Bloomberg) – Saudi Arabia said preliminary findings show Iranian weapons were used in the attack on one of its key oil installations, but stopped short of directly blaming the Islamic Republic for the strikes that cut its crude output by half and rattled Read More

Connector Subsea Solutions acquires Hydratight’s MORGRIP business

4 days ago DieselGasoil Comments Off on Connector Subsea Solutions acquires Hydratight’s MORGRIP business
9/16/2019 BERGEN, NORWAY – Connector Subsea Solutions (CSS) has signed an agreement for the acquisition of Hydratight’s MORGRIP Connector business in Walsall, UK. Over the last six years, CSS and Hydratight have collaborated to deliver challenging subsea pipeline repair projects. The MORGRIP Connector business will become an integral part of CSS’ extensive repair and modification Read More

Trump says SPR release may be needed to keep oil market supplied after Saudi attack

4 days ago DieselGasoil Comments Off on Trump says SPR release may be needed to keep oil market supplied after Saudi attack
Washington — US President Donald Trump said Sunday he has authorized a release of US strategic oil stocks, “if needed, in a to-be-determined amount” to keep the oil market well-supplied following the attack on Saudi Arabia’s oil plants. Not registered? Receive daily email alerts, subscriber notes & personalize your experience. Register Now Trump made the Read More