A federal judge in Louisiana has ordered an expansion of next week's sale of oil leases in the Gulf of Mexico, saying the Biden administration must include additional acreage, according to a court ruling issued late on Thursday.The oil and gas industry, which had sued the administration
The U.S. on Friday divulged it disrupted in April a multimillion-dollar shipment of crude oil by Iran's Islamic Revolutionary Guard Corps, seizing more than 980,000 barrels of contraband crude oil that violated U.S. sanctions.In April, Reuters reported that the U.S. confiscated cargo onboard tanker Suez Rajan, which was carrying Iranian oil at sea. The U.S.
South African President Cyril Ramaphosa said on Sunday that an independent inquiry has found no evidence that a Russian ship had collected weapons from the country late last year destined for Russia.In claims that sparked a diplomatic row, the U.S. ambassador to South Africa, Reuben Brigety
French shipping group CMA CGM has committed to buy the logistics operations of family-run conglomerate Bollore for an enterprise value of 5 billion euros ($5.5 billion), the two companies said on Monday.CMA CGM granted the Bollore group an option to sell it the logistics business, which generated more than 7 billion euros in revenue last year and employs 13,500 people.
Three crew members of a Gabon-registered tanker were missing after the vessel caught fire on Monday in waters off Malaysia's southern coast, Malaysian maritime authorities said.The tanker was on its way from China to Singapore with 28 crew members on board, the Malaysian Maritime Enforcement Agency (MMEA) said, adding that 23 were rescued by the MMEA and by nearby vessels.
Britain's Maritime Trade Operations (UKMTO) agency said on Friday a vessel off Yemen's southern coast was involved in an "incident" with a government boat, downgrading the event from its initial assessment of an attack.The agency had previously said the vessel was under attack and that shots were fired, adding that three boats, each with three or four people aboard, were also sighted.
A state actor's involvement in the blast of the Nord Stream pipelines last year is the "absolute main scenario", though confirming identity will prove difficult, the Swedish prosecutor investigating the attack said on Thursday.In September 2022, several unexplained underwater explosions ruptured the Nord Stream 1 and newly-built Nord Stream 2 pipelines that link Russia and Germany across the
Virginia McVea has been named as the next chief executive officer of the U.K. Maritime and Coastguard Agency (MCA) effective April 3, 2023.Damien Oliver has been serving as the MCA's interim CEO since October 2022, following the retirement of the agency's former head Brian Johnson.U.K.
Russia has in recent months tried to gain intelligence to sabotage critical infrastructure in the Dutch part of the North Sea, Dutch military intelligence agency MIVD said on Monday.A Russian ship has been detected at an offshore wind farm in the North Sea as it tried to map out energy infrastructure, MIVD head General Jan Swillens said at a news conference.
European Union countries agreed to set price caps on Russian refined oil products to limit Moscow's funds for its invasion of Ukraine, the Swedish presidency of the EU said on Friday.EU diplomats said the price caps are $100 per barrel on products that trade at a premium to crude, principally diesel, and $45 per barrel for products that trade at a discount, such as fuel oil and naphtha.
Offshore drilling firms Seadrill Limited and Aquadrill (ex-Seadrill Partners) on Thursday announced a definitive merger agreement under which Seadrill will acquire Aquadrill in an all-stock transaction. When the transaction is completed, Seadrill shareholders and Aquadrill unitholders will own 62% and 38% of the common shares in the new company, respectively.
Britain won't proceed with building a new national flagship to promote business and trade interests around the world, defense minister Ben Wallace said on Monday, ending one of former Prime Minister Boris Johnson's pet projects.The ship was announced in May 2021 to host trade shows and negotiations, but tendering of contracts had not been completed.