Releases
Announcements, partnerships, and product updates from Blackwell.
Industry News
Headlines from across the maritime and offshore energy industry.
QatarEnergy Ready to Restart LNG Output, Reach Current Capacity in One Month, Source Says
QatarEnergy can resume LNG production at Ras Laffan and reach full output of undamaged facilities within a month of the Strait of Hormuz reopening, a person familiar with the matter told Reuters, though shipping logistics and mine clearance remain the larger constraint.
Source: gCaptain
EU Sanctions Shipping Arms of Gazprom and Lukoil Over High Risk Russian Oil Transport Practices
The European Union added Gazpromneft Shipping and Lukoil-Western Siberia to its sanctions list on Monday, naming six tankers accused of inadequate insurance, ship to ship transfers and AIS manipulation while moving Russian crude and refined products.
Source: gCaptain
Japan Agrees to Facilitate $12B Investment in UK Offshore Wind
Japan will facilitate up to £9 billion, or about $12.08 billion, of investment in UK offshore wind, backing 5.9 gigawatts of floating capacity across the Ossian and Green Volt sites off Scotland and the Erebus demonstration project in the Celtic Sea.
Source: Rigzone
UK Boards Russian Shadow Fleet Tanker in First Direct Interdiction Operation
Royal Marine Commandos and National Crime Agency officers boarded the sanctioned Russian tanker Smyrtos in the English Channel on Saturday, the first UK led direct interdiction of Moscow shadow fleet vessels and a sharp escalation in Western efforts to choke off oil revenue funding the war in Ukraine.
Source: gCaptain
Ukraine Drone Strikes Spark Fire at Russian Black Sea Oil Terminal
Ukrainian drones struck the Tamanneftegaz oil and gas terminal at Russia's Temryuk port on Saturday, hitting five fuel tanks and two loading stands, killing one person and igniting fires across the Krasnodar Black Sea hub.
Source: gCaptain
Tanker Attack Raises New Questions About U.S. 'Secret Mission' in Hormuz
A commercial tanker was struck by an unidentified projectile near the Strait of Hormuz overnight while transiting the covert U.S. coordinated corridor that Washington has used to keep oil moving through the chokepoint.
Source: gCaptain
Shadow Fleet Tanker Captain Pleads Guilty After Weeks Long Atlantic Chase by U.S. Coast Guard
Avtandil Kalandadze, former master of the Iran linked tanker Bella 1, pleaded guilty in U.S. federal court to defying a Coast Guard order to stop, ending a chase that ran more than two weeks across the Atlantic and led to the January seizure of the vessel and its 1.8 million barrel Iranian crude cargo.
Source: gCaptain
U.S., Iran Near Deal to Reopen Strait of Hormuz After Months of War
Washington and Tehran have agreed on the text of an initial accord that would reopen the Strait of Hormuz and lift the U.S. blockade on Iranian ports in exchange for releasing frozen assets and waiving oil sanctions, with signing expected within days. Brent crude fell more than 3% to its lowest in nearly two months on the news.
Source: gCaptain
Hundreds of BHP Workers Back Strike at Key Australian Iron Ore Export Hub
Hundreds of BHP workers at Port Hedland voted in favor of strike action, with two unions backing stoppages that could disrupt iron ore shipments from one of the world's biggest export hubs within days.
Source: gCaptain
OFAC Unveils Sweeping Framework for Venezuela Oil, Gas and Mineral Exports
The U.S. Treasury rolled out seven updated general licenses on Tuesday reopening Venezuela's oil, gas and mining sectors to BP, Chevron, Eni, Maurel & Prom, Repsol and Shell, while explicitly authorizing the shipping, marine insurance and P&I coverage needed to move PDVSA cargoes again.
Source: gCaptain
Trump Administration Touts Progress on Nation's First Offshore LNG Export Facility
Delfin Midstream reached a final investment decision on a $5 billion floating LNG export project off Louisiana, the first such facility licensed in U.S. waters, with Samsung Heavy Industries building the first vessel for a 2030 startup.
Source: gCaptain
Kuwait Offers Oil to Asian Buyers for First Time Since War
Kuwait is offering at least 4 million barrels of crude to refiners in China and South Korea, the first such sale since the Iran war began and a fresh sign that Hormuz flows are slowly reopening.
Source: gCaptain