“Vessel at anchor and all crew are safe,” the UKMTO said. Houthi militants later claimed the attack, with spokesperson Yahya Sare’e identifying the vessel as general cargo ship Rubymar and describing it as British. VesselFinder and MarineTraffic.com data indicate the ship sails under the flag of Belize. Houthi forces have previously said they are targeting … Read more
Children walk near a billboard bearing the image of targeting ships, on the day Yemen’s Houthi-run forces targeted an American ship in the Red Sea, on a street in Sana’a, Yemen, on Jan. 10, 2024. Mohammed Hamoud | Getty Images An oil tanker operated on behalf of Trafigura was struck by a missile on Friday … Read more
Updated Jan. 16, 2024 5:42 am ET Shell has agreed to sell its Nigerian onshore oil subsidiary for up to $2.4 billion, making good on a promise to exit what was for decades one of its most dependable cash cows but in recent years has become a big drag on its reputation. The London-based energy … Read more
An Egyptian man sits and eats ice cream as he watches international cargo and tanker ships pass through the Suez canal Scott Nelson | Getty Images The companies are among the world’s largest operators of tankers for petroleum products such as gasoline, according to their websites. Stena Bulk also transports crude oil. “Considering these developments … Read more
Updated Jan. 11, 2024 7:58 am ET Armed, uniformed men boarded an oil tanker off the coast of Oman that has been at the center of a dispute between Iran and the U.S. and changed its course toward Iranian waters on Thursday, according to maritime intelligence firms, marking a further escalation along shipping routes in … Read more
A report published Tuesday by the Kick Big Polluters Out coalition found that at least 2,456 fossil fuel lobbyists registered to attend the two-week long summit. Campaigners say the number of fossil fuel lobbyists attending the talks is “beyond justification” and signals that polluting industries are seeking to advance a fossil fuel agenda at the … Read more
Taxes on the profits of oil and gas, maritime and aviation industries, additional levies on leisure travel, and the cancellation of subsidies for any fossil fuel could offer the world enough financial resources to help vulnerable countries deal with climate impacts and developing economies transition to greener energy, an independent high-level expert group said in … Read more
Listen to article (2 minutes) Dubai, a desert city known for private jets, giant yachts and other symbols of carbon-heavy high living, is an awkward location for a conference on climate change. It’s hardly a surprise that the man in charge also runs the national oil company. Hosting the United Nations’ annual climate confab—known as … Read more
Benedict Oramah, the President and Chairperson of the African Export-Import Bank (Afreximbank), announced the completion of the first oil production project initiated by Nigeria. Oramah said that this project will produce 650,000 barrels of oil per day, adding 4% to Nigeria’s gross domestic product (GDP) for a certain period. He stated that this project represents … Read more
