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Oil tanker owners are scrapping the most ships in decades

Posted on October 9, 2018October 9, 2018

Oil tanker owners are giving up. A 19-month curtailment of OPEC cargoes, and environmental regulations that are proving uneconomical to comply with, have got owners purging the supertanker fleet at the fastest pace since the 1980s, according to Global Marketing Systems Inc., one of the world’s top buyers of obsolete ships for scrap. While the […]

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Mexico president-elect: $16 billion to boost oil output

Posted on August 11, 2018October 9, 2018

New Delhi: Mexico‘s president-elect announced a $16 billion investment plan Friday to boost flagging oil production, refinery capacity and electrical generation. Andres Manuel Lopez Obrador said Friday the country must act “urgently” to reverse a decline that saw crude output drop to 1.88 million barrels per day in the first half of 2018, down from 3.4 million […]

Recent Posts

  • Oil tanker owners are scrapping the most ships in decades
  • Mexico president-elect: $16 billion to boost oil output
  • Canada crude outage to tighten supplies, reduce oil flow to Cushing
  • Saudis pump more crude oil for Trump, then doubt if it’s needed
  • Russia sees extra $16 billion revenues from oil tax tweaks in 2019-2024

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    Germany is one of JenaOil’s most important regions for oil and gas exploration and production. Among other things, JenaOil is the operator of the only gas production platform in the German North Sea (A6-A) and has a 50-percent stake in the largest German crude oil field, Mittelplate, off the North Sea coast. Domestic energy is also produced around Barnstorf in the rural district of Diepholz, in Emlichheim on the German-Dutch border, in Landau in the Palatinate and in Aitingen/Schwabmüchen near Augsburg.

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