The Biden administration has reimposed oil sanctions on Venezuela, hitting out at President Nicolás Maduro for failing to follow a greater democratic path for the South American nation. American companies with investments in Venezuela have 45 days to wind down operations. Last October, Washington...
United States
US to Reimpose Venezuela Oil Ban Unless Maduro Acts Quickly
(Bloomberg) — President Joe Biden’s administration intends to reimpose oil sanctions on Venezuela, ending a six-month reprieve, if Nicolas Maduro’s regime does not take steps in the next two days…
https://gcaptain.com/us-to-reimpose-venezuela-oil-ban-unless-maduro-acts-quickly/
Genco slams George Economou as boardroom battle heats up
US-listed bulker owner Genco Shipping & Trading has urged shareholders in a definitive proxy filing to dismiss Greek shipping magnate George Economou’s proposal and his nominee to the company’s board. Economou, who, via his affiliated investment vehicles, holds about a 5.4% ownership stake in...
https://splash247.com/genco-slams-george-economou-as-boardroom-battle-heats-up/
Portland to close container terminal
The US west coast will bid farewell to a container destination come the end of September. Officials at Portland in Oregon have decided to close and likely repurpose the city’s sole mothballed container terminal this autumn as the facility no longer has any regular customers and has been losing...
US Sanctions Cover 8% of Tankers Shipping Russian Oil
MOSCOW, April 16 (Reuters) – U.S. sanctions are limiting tanker activity for Russia’s top shipping group, Sovcomflot, the company’s head said on Tuesday, as Washington tightens the screws on Moscow. The U.S. imposed sanctions on Sovcomflot…
https://gcaptain.com/us-sanctions-cover-8-of-tankers-shipping-russian-oil/
TechnipFMC bags work on Exxon’s sixth Guyana project
Offshore contracting giant TechnipFMC has been awarded a contract in Guyana’s Stabroek Block by US supermajor ExxonMobil to supply subsea production systems for the Whiptail project. TechnipFMC will provide project management, engineering, and manufacturing to deliver 48 subsea trees and associated...
https://splash247.com/technipfmc-bags-work-on-exxons-sixth-guyana-project/
FBI opens Baltimore bridge case
The Federal Bureau of Investigation (FBI) has launched a criminal inquiry into the collapse of Baltimore’s Francis Scott Key Bridge. According to reports, citing two US officials familiar with the matter, the probe will look into the circumstances leading up to the collapse and if all federal...
Baltimore divers describe bridge clean-up operation as 9/11 ‘with blinders on’
A diving expert from the US Army Corps of Engineers (USACE) has revealed the many life-threatening risks divers are facing while working on the wrecked Francis Scott Key Bridge in Baltimore. USACE, in a joint effort with the U.S. Navy’s Supervisor of Salvage and Diving (SUPSALV), is working to...
https://splash247.com/baltimore-divers-describe-bridge-clean-up-operation-as-9-11-with-blinders-on/
Philippines Tells US It Will Assert South China Sea Rights
By David Brunnstrom (Reuters) – The Philippines is determined to assert its sovereign rights in the South China Sea, its foreign secretary said on Friday at a meeting with U.S….
https://gcaptain.com/philippines-tells-us-it-will-assert-south-china-sea-rights/
Subsea 7 lands Gulf of Mexico contract
Oslo-listed Subsea 7 has landed a contract worth between $50m and $150m with Talos Energy for the Sunspear development in the Gulf of Mexico. The project in Green Canyon Block 78 involves the subsea tieback of one production well at Sunspear to the Prince platform, 12 km to the north. Under the...
https://splash247.com/subsea-7-lands-gulf-of-mexico-contract/