U.S. refiner Valero Energy Corp was granted a Jones Act waiver, sources familiar with the matter said on Thursday, after a cyberattack shut the Colonial Pipeline late last week, creating a fuel crunch in several parts of the U.S. Southeast and Northeast.Jones Act waivers are a key way to ensure fuel supplies reach some of the hardest hit areas as pump prices continue to surge while Colonial
A Dutch cargo ship that was abandoned at sea during a storm off the coast of Norway this week has been attached to two large tugboats and is no longer at risk of running aground, local officials said late on Wednesday.The Eemslift Hendrika, badly listing after parts of its cargo shifted in the rough weather, had been adrift since Monday
Morton S. Bouchard, III, fourth generation leader of family-owned Bouchard Transportation, has been ordered to step down from his role as chief executive officer as the Long Island-based tug and barge operator continues to navigate through bankruptcy and a string of legal challenges.
Baker Hughes Co and AXA Group and 16 other companies recently quit work on Russia’s Nord Stream 2 natural gas pipeline and will not be sanctioned, according to a document the Biden administration sent to Congress last week which was seen by Reuters.Russian energy company Gazprom and its western partners are racing to build the pipeline to take Russian gas to Germany under the Baltic Sea
Vineyard Wind, the developer of the first major U.S. offshore wind farm, said on Monday it has asked the Biden administration to restart its permitting process after former President Donald Trump's government abruptly canceled it last month.The company said in a statement it had notified the U.S.
Pete Buttigieg, President Joe Biden's nominee to head the U.S. Department of Transportation, has voiced his support for the Jones Act, a federal law that regulates maritime commerce in the United States.Buttigieg's comments came in response to questioning by Sen. Maria Cantwell (Dem.-Wash.
Federal prosecutors in Brazil filed a civil lawsuit against Danish shipping company Maersk and former executives representing the firm for alleged corruption involving shipping contracts with state-run oil firm Petrobras, they said on Friday.The lawsuit requests that a judge freeze almost 1 billion reais ($198 million) in assets in order to make sure funds are available to pay for damages
Hundreds of thousands of seafarers around the world are stranded at sea due to coronavirus travel restrictions, unable to go home or get medical care, the International Labor Organization (ILO) said on Tuesday, calling on nations to address their plight.Many shipping and transport workers have been at sea as long as 17 months or longer
General Dynamics Corp was awarded a $9.47 billion contract for the construction of Columbia class submarines, moving the U.S. Navy's top procurement priority out of the early-construction phase, the Pentagon said on Thursday.The contract for the nuclear-powered ballistic missile submarines covers the move to full construction of the first ship in the class, the USS Columbia
Energy companies were securing offshore production platforms and evacuating workers on Tuesday, some for the sixth time this year, as a major hurricane took aim at U.S. oil production in the Gulf of Mexico.Hurricane Delta, the 25th named storm of the 2020 Atlantic Hurricane season, was churning in the Caribbean with sustained winds of 140 miles per hour (225 kph)
A fire-stricken U.S. Coast Guard cutter docked in Yokosuka, Japan Tuesday for inspection and possible repairs days after an onboard blaze left five crew members with minor injuries.Black smoke was reported on the cutter Waesche (WMSL 751) at 5:18 p.m. (local time) on Sunday while the ship was on deployed within the U.S. 7th Fleet's area of operations, the Coast Guard said.
A free webinar will deliver latest forecasts and market intelligence for the global floating production industry, offering insider access to business and investment opportunities in the deepwater sector.Floating Production Systems: 2020 Forecasts & Analysis, presented by ABS and World Energy Reports, will be held July 29, 2020, 11 a.m. (EDT). REGISTER HERE.