2024.09.04
- SLOW
- 2024년 9월 11일
- 3분 분량
Bahri denies Houthi attack on Saudi tanker in Red Sea
Saudi Arabian shipping giant Bahri has denied reports from the US Navy that its VLCC Amjad was targeted in a Houthi attack in the Red Sea. The US Central Command reported that the Amjad and another tanker, Blue Lagoon I, were hit by Houthi missiles and a drone. Despite these claims, Bahri stated that the Amjad was not targeted, sustained no damage, and remains fully operational. The Houthis only confirmed the attack on Blue Lagoon I in their statements, and both vessels have continued their voyages without casualties. The incident raises concerns due to the proximity of Saudi Arabia's Jazan refinery to the area, although the Houthis have generally avoided targeting Saudi ships amid a recent political rapprochement.
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Niger resumes crude exports as pipeline dispute with Benin ends, Chinese tanker lifts second cargo
The export of Niger's crude oil has resumed following a three-month suspension due to a pipeline dispute between Niger and Benin. A Chinese suezmax tanker, Aura M, has lifted the second export cargo of Meleck crude from Benin's Seme terminal, marking a significant step in Niger's re-emergence as an oil producer. The Niger-Benin pipeline, essential for transporting up to 90,000 barrels per day, had been closed following violent attacks by rebel groups and a border dispute. The pipeline's reopening is crucial for Niger, which has now resumed significant oil production. The tanker is currently en route to Tianjin, China.
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Scorpio Tankers sells two MR product tankers for $85m
Scorpio Tankers, led by Emanuele Lauro, has sold two MR product tankers, STI Opera and STI San Antonio (both built in 2014), for approximately $42.5 million each, surpassing initial broker estimates. This deal highlights Scorpio's strategy of capitalizing on a strong product tanker market by selling older vessels at high prices. Scorpio's fleet includes over 50 MR vessels, 39 LR2s, and 14 Handymax ships. Earlier in the year, Scorpio sold five of its oldest MRs for $179 million. Despite the ongoing boom in product tanker newbuildings, Scorpio has not placed new orders, relying instead on its modern fleet built after its IPO around a decade ago.
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CM Lemos orders three new suezmax tankers at Japanese shipyard
Greek shipping company CM Lemos has placed an order for three new 158,600-dwt suezmax crude tankers at Japan Marine United's (JMU) Tsu shipyard, set for delivery in 2027. These conventionally fueled ships will be equipped with scrubbers. CM Lemos, which already has a modern fleet, has a long-standing relationship with JMU, having previously ordered suezmaxes from the yard. The company’s latest order follows a series of Greek shipping companies making similar purchases at JMU. Although the new vessels aren't tied to pre-arranged charters, CM Lemos has historically secured lucrative contracts with major oil companies. Once delivered, the new tankers will expand the fleet managed by CM Lemos' affiliate, Nereus Shipping, to 20 vessels.
[SLOW] Weekly Dirty Tanker Research _ Suezmax newbuilding price
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India energy major ONGC considers $8.3 billion refinery project
India's Oil and Natural Gas Corporation (ONGC) is exploring the possibility of establishing a multibillion-dollar refinery and petrochemical complex in Uttar Pradesh, aiming to capitalize on the country's growing fuel demand. The proposed project, potentially costing over 700 billion rupees ($8.3 billion), would have a capacity of 9 million tons per year. ONGC is in discussions with Bharat Petroleum Corporation Ltd. (BPCL), which owns land in Prayagraj, where the facility might be located. BPCL is also considering building a similar project, possibly in Andhra Pradesh, where it may receive state incentives. The decision will hinge on factors like land acquisition and state support.
[SLOW] https://slowspace.io/ oil/gas pipeline Uttar Pradesh
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Goldman Sachs : AI to potentially lead oil prices decline over the next decade by reducing production costs
Goldman Sachs has predicted that artificial intelligence (AI) could lead to a decline in oil prices over the next decade. This impact is expected as AI improves logistics, reduces costs, and increases the amount of profitably recoverable oil, potentially leading to a $5 per barrel drop in the marginal incentive price. While AI may provide a modest boost to oil demand, particularly in power and natural gas sectors, its cost-reducing effects could outweigh these gains, making it a net negative for oil prices in the medium to long term. AI could also reduce the costs of new shale wells by up to 30% and boost U.S. shale oil reserves by 8% to 20%.
[SLOW] EIA - Crude Oil Outlook _ World oil supply & demand
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