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Chinese rig heads towards Norwegian Arctic drill site

Amid growing Norwegian concern for Chinese threats, the COSLProspector prepares for drilling at 71° North in the Barents Sea. 'China has a long-term plan to establish itself in the Arctic,' a Norwegian professor at the Norwegian Military Academy says.
beta.thebarentsobserver.com
 

Trump Picks Oil Industry CEO Chris Wright As Energy Secretary

WASHINGTON, Nov 16 (Reuters) – President-elect Donald Trump said on Saturday that oil and gas industry executive Chris Wright, a staunch defender of fossil fuel use, would be his pick to lead the Department of Energy. Wright...
gcaptain.com

China Plans First Bio-Marine Fuel Export Quotas For 2025

SINGAPORE, Nov 15 (Reuters) – China is planning its first export quota for marine bunker that is blended with biodiesel, partly to support biofuel producers hit earlier this year by European Union anti-dumping tariffs,...
gcaptain.com
 

The top 10 sanctions headlines of 2024 - Splash247

Santosh Patil gets in early with a shipping annual review, giving readers his discovery and disco versions of how sanctions have played out this year. In the high-stakes world of global shipping, the topic of sanctions has the world split in two. Some see sanctions as a tight net around the...
splash247.com
 

Avance Gas Exits Shipping Market with $450 Million Profit, Plans Complete Wind-up

Avance Gas Holding Ltd (OSE: AGAS), one of the leading owners of Very Large Gas Carriers (VLGCs), has announced its complete exit from the shipping market through strategic fleet sales....
gcaptain.com

Frontline CEO Warns of Shadow Fleet's Impact on Tanker Market

Frontline plc posted a profit of $60.5 million in the third quarter of 2024 despite challenging market conditions. The tanker shipping giant reported revenues of $490.3 million. The company’s adjusted...
gcaptain.com
 

The Secretive Oil Shipping Hub Funneling Iranian Crude to China | OilPrice.com

A Bloomberg report reveals a massive, ongoing, and sophisticated operation by China and Iran to circumvent US sanctions on Iranian oil through elaborate ship-to-ship transfers in the South China Sea.
oilprice.com

Brazil Opens Doors to New Oil Exploration with 91 Blocks on Offer | OilPrice.com

Brazil has announced the permanent offering of 91 oil blocks across key basins, aiming to attract significant investment and bolster energy security
oilprice.com
 

The Illicit Shipping Trade Hiding in Plain Sight​

Dec 4, 2024

An armada of vessels operating near Asia’s maritime thoroughfares moves hundreds of millions of barrels of sanctioned oil. Called the “dark fleet,” the ships also risk environmental catastrophe.
Just outside the reach of Malaysia’s coast guard and without formal oversight, oil is being transferred from one vessel to another in open waters, risking spills and lives while increasing geopolitical tensions.

14:40

00:00:00 An Armada of Tankers
00:01:24 The Pablo Disastre
00:03:10 The Flotilla
00:03:50 Sanctioned Oil
00:05:23 The Trip
00:07:05 Building the Algorithm
00:08:08 Discovering a Ship-To-Ship Transfer
00:10:40 The Environmental Dangers
00:11:02 Enforcing Sanctions
 

Shadow VLCCs lined up for demolition - Splash247

Changes are afoot in the Iranian-linked VLCC fleet with just over six weeks until Donald Trump is sworn in as the 47th president of the US. Splash reported on further sanctions aimed at Iran’s tanker fleet earlier this week, as well as news that China has started to ease imports of Iranian oil...
splash247.com
 

Russia’s Yamal LNG Deploys New Tanker for Barents Sea Transshipments | OilPrice.com

Russia's Yamal LNG plant is using a shadowy tanker for ship-to-ship transfers in the Barents Sea, potentially to circumvent sanctions targeting its Arctic LNG 2 project.
oilprice.com

Russian Arctic LNG Carrier Out of Commission Following Maintenance Struggles, Underscores Key Role of EU Yards

Russia’s fleet of ice-capable LNG carriers keeps the gas flowing to Europe. But now one of the vessels, Christophe de Margerie, is out of commission as it struggles to receive maintenance and spare parts in European shipyards.
www.highnorthnews.com
 
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