Venezuela's state-run oil company PDVSA has begun cutting crude production because it is running out of storage capacity due to an ongoing U.S. oil blockade that has reduced exports to zero, piling more pressure on an interim government trying to hang onto power in the face of U.S. threats of more military action.
The U.S. military killed five alleged drug smugglers in strikes against two vessels in the eastern Pacific Ocean, U.S. Defense Secretary Pete Hegseth said on Wednesday, in an expansion of the Trump administration's use of the armed forces in its counter-narcotics campaign.On Wednesday afternoon, Hegseth said the military attacked a vessel in the eastern Pacific Ocean and killed two men on Tuesday.
About 2 million barrels of Venezuelan heavy crude are being sent to refineries owned by oil producer Repsol in Spain, following purchases the company negotiated with trading house Trafigura, according to shipping schedules seen by Reuters.Trafigura and Vitol were granted U.S. licenses last month to export millions of barrels of Venezuelan oil to the U.S. and other destinations, following the U.S.
U.S. President Donald Trump ordered on Tuesday a "blockade" of all sanctioned oil tankers entering and leaving Venezuela, in Washington's latest move to increase pressure on Nicolas Maduro's government, targeting its main source of income.It is unclear how Trump will impose the move against the sanctioned vessels
The hull for Bernhard Schulte (BS) Offshore’s new Commissioning Service Operation Vessel (CSOV) has arrived at Ulstein Verft’s shipyard, marking the start of new phase in the shipbuilding process.The vessel is designed by Ulstein Design & Solutions for ‘walk-to-work’ (W2W) operations, where personnel walks via a motion-compensated gangway from the ship to a wind turbine.
The NGO Robin des Bois is concerned about the thousands of seafarers currently stuck in the Middle East and about the approximately 70,000 animals on livestock carriers in the region.The livestock has been exported from South America, the European Union, and the Horn of Africa to Saudi Arabia, the United Arab Emirates, Lebanon, Iraq, Israel, and Jordan.
The European Union adopted fresh sanctions against Russian oil interests on Monday, targeting traders Murtaza Lakhani and Etibar Eyyub for helping Moscow to circumvent Western sanctions on crude exports that help to fund Russia's war in Ukraine.The EU has imposed 19 packages of sanctions so far
The European Union's diplomatic arm, the EEAS, is urging member states to back a maritime declaration that would allow EU nations working with flag states to arrange inspections on Russia's "shadow fleet" of oil tankers, an EEAS document shows.Beefing up inspection rights is the latest EU proposal aimed at curbing Russian oil and gas revenue being used by Moscow to finance the Ukraine war.
The United States is seeking a regime change in his country with a naval deployment in the Caribbean, Venezuelan President Nicolas Maduro said on Monday in a rare press conference.Tensions between the United States and Venezuela have risen in recent weeks amid a large U.S. naval buildup in the Southern Caribbean and nearby waters, which U.S.
Bardex Corp. is pleased to announce that the Offshore Technology Conference has awarded Daniel Toerner a spot in its 2025 Emerging Leaders class. Each year, the OTC recognizes up-and-coming professionals whose work in the energy industry demonstrates the kind of talent and commitment that puts them on a course toward being future leaders in the offshore energy sector.
CIMAC has released a new guideline titled “Frequently Asked Questions (FAQ) – ISO 6583:2024: Methanol as a Fuel for Marine Applications – General Requirements and Specifications.”CIMAC is the leading global non-profit association promoting the development of ship propulsion, train drive and power generation.
CIMAC WG 7 Fuels has released a new guideline titled “Frequently Asked Questions (FAQ) - ISO 6583:2024: Methanol as a Fuel for Marine Applications – General Requirements and Specifications.”With the publication of ISO 6583:2024 in November 2024, the first standard for methanol as a marine fuel, numerous questions were expected to arise.