Wednesday, December 2nd, 2020
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Missile attack on Saudi oil facility fails to disrupt supply

Screen Grab of oil storage tanks

REUTERS, NOVEMBER 24, 2020 JEDDAH (Reuters) – Saudi Aramco said on Tuesday its domestic fuel supplies had not been affected by an attack the previous day by Yemen’s Houthi group on a petroleum products distribution plant in Jeddah, with operations resuming three hours after the event. The Iran-aligned Houthi forces said on Monday they had fired a missile at and …

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VIDEO: Container ship carrying 137 boxes capsizes in Indonesia

Screen grab. Container ship capsized while docked

PortandTerminal.com, November 18, 2020 SURABAYA, INDONESIA – The Indonesian Container ship, Mentari Crystal, capsized on November 15 along the pier at Teluk Lamong Terminal, Surabaya, East Java, Indonesia. The vessel had 137 containers on board. Reportedly, the ship became highly unstable due to container stowage and faulty ballasting. Recovery operation for the containers was launched. According to sources, the ship’s …

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EXCLUSIVE: Macquarie in exclusive talks to buy Italy’s biggest independent gas storage facility

Bronze plaque reading Macquarie on building. Pedestrian in suit passing by

REUTERS, NOVEMBER 11, 2020 MILAN (Reuters) – Australia’s Macquarie is in exclusive talks to buy Italy’s biggest independent gas storage facility for more than 1 billion euros ($1.2 billion) but will need government clearance before clinching any deal, three sources close to the matter said. Ital Gas Storage, 92.5% owned by Morgan Stanley Infrastructure Partners, will have a capacity of …

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Giving Up: Covid-Stricken Pemex Is Not Even Bothering to Test Oil Rig Workers

A worker looks up while changing a drill pipe on the Laurus oil drilling rig operated by Petroleos Mexicans (Pemex)

BLOOMBERG, NOVEMBER 10, 2020 “I demanded a Covid test before boarding the platform and I was told that there were none available,” By Amy Stillman for Bloomberg – Petroleos Mexicanos, which has one of the world’s highest employee death tolls from Covid-19, is no longer distributing rapid tests for the virus to workers before they board platforms as the debt-laden …

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The U.S. Needs a Gulf Coast Wall, Not a Mexico Border Wall

Aerial view Buildings and homes are flooded

BLOOMBERG, NOVEMBER 1, 2020 Rising sea levels and more frequent hurricanes are a much bigger threat to the country than immigrants. By Julian Lee for Bloomberg – Rather than building a wall along the border with Mexico, the next president of the United States would be better off building a wall along the Gulf of Mexico coastline. Climate change will have …

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Watch as massive crane moved onto wharf at SC Ports

Screen grab of crane being loaded onto wharf

PortandTerminal.com, October 31, 2020 CHARLESTON, SC – On Thursday this week (October 29) South Carolina Ports received two new ship-to-shore cranes, marking the first cargo-handling equipment to arrive for the Hugh K. Leatherman Terminal, which is under construction in North Charleston, S.C. Today, SC Ports sent out the tweet below showing the first of the two cranes moving onto the …

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Exxon to cut 14,000 jobs as pandemic hits oil demand

ExxonMobil signage

REUTERS, OCTOBER 29, 2020 (Reuters) – Exxon Mobil Corp XOM.N said on Thursday it could cut its global workforce by about 15%, including deep white-collar staff reductions in the United States, as the COVID-19 pandemic batters energy demand and prices. Exxon and other oil producers have been slashing costs due to a collapse in oil demand and ill-timed bets on new projects. …

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ConocoPhillips to Concho for $9.7 Billion – Largest Deal Since COVID-19 Hit


PortandTerminal.com, October 19, 2020 Together, ConocoPhillips and Concho Resources will produce 1.5 million barrels a day and become a major player in the Permian Basin area NEW YORK – ConocoPhillips (NYSE: COP) and Concho Resources (NYSE: CXO) today announced that they have entered into a definitive agreement to combine companies in an all-stock transaction. The combined company would easily be …

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VIDEO: Navy explodes largest WWII bomb ever found in Poland

World War 2 bomb on hoist. Guided by two soldiers

PortandTerminal.com, October 13, 2020 The bomb was found in northwest Poland near where a liquefied natural gas (LNG) terminal was opened in 2016 | It was discovered last year during dredging in the northwest of Poland WARSAW, POLAND –  A British World War II giant Tallboy bomb exploded while being made safe underwater by Navy sappers in northwestern Poland on …

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