Chinese Seismic Vessel Returns to Waters off Vietnam Amid Virus 'Distraction' Charges
A Chinese ship embroiled in a standoff with Vietnamese vessels last year has returned to waters near Vietnam as the United States accused China of pushing its presence in the South China Sea while other claimants are pre-occupied with the coronavirus.Vietnamese vessels last year spent months shadowing the Chinese Haiyang Dizhi 8 survey vessel in resource-rich waters that are a potential global flashpoint as the United States challenges China's sweeping maritime claims.On Tuesday…
Oil Falls Near 2% as U.S.-China Trade War Intensifies
Oil prices slipped nearly 2 percent on Tuesday, on track to fall to their lowest levels in over a month as renewed doubts over U.S.-China trade talks stoked concerns over global growth and demand even though U.S. sanctions on Iran and Venezuela tightened supply and helped stem losses.Brent futures were down $1.36, or 1.9 percent, at $69.88 a barrel by 10:39 a.m. EDT (1439 GMT), while U.S. West Texas Intermediate crude was down $1.14…
Sinking Oil Prices May Curb US Output Too Slowly for Saudis
Saudi Arabia effectively started a global oil price war this month aimed at quickly denting U.S. oil output. Slowing a U.S. drilling boom, however, could take more than a year. Many observers expect a downward spiral of global oil prices to rapidly dampen shale oil drilling in the United States, slow production growth and help bolster prices. Small producers vulnerable to sudden price moves may have to slow spending, fast reducing the amount of oil gushing to market.
U.S. Oil Output Cuts Could Take a While
Saudi Arabia effectively started a global oil price war this month aimed at quickly denting U.S. oil output. Slowing a U.S. drilling boom, however, could take more than a year. Many observers expect a downward spiral of global oil prices to rapidly dampen shale oil drilling in the United States, slow production growth and help bolster prices. Small producers vulnerable to sudden price moves may have to slow spending, fast reducing the amount of oil gushing to market.
Navy to Commission USS America
The Navy will commission its newest amphibious assault ship, USS America (LHA 6), during a 1 p.m. EDT ceremony Saturday, October 11, 2014, in San Francisco, California. Secretary of the Navy Ray Mabus will deliver the ceremony's principal address. Mrs. Lynne Pace, wife of retired U.S. Marine Corps Gen. Peter Pace, former chairman of the Joint Chiefs of Staff, is serving as the ship's sponsor. "This ship, forged in America…
Akkas Gas Field Development Hit By Iraq Crisis- KOGAS
Development of Iraq's Akkas gas field has been delayed because of the latest crisis in the OPEC member nation, South Korea's energy ministry said on Sunday, quoting project owner Korea Gas Corp. An official at the state-run gas company who is familiar with the matter also told Reuters the delay began last week as those who worked on pipeline tasks near the battles had fled to safe areas. "If the civil war expands and the U.S.
US Navy Awards Contract To Dismantle Constellation
The Navy competitively awarded a contract to International Shipbreaking Limited of Brownsville, Texas, for the towing, dismantling and recycling of conventionally powered aircraft carriers stricken from service, June 13. Under the contract, the company will be paid $3 million for the dismantling and recycling of the decommissioned aircraft carrier Constellation (CV 64). The price reflects the net price proposed by International Shipbreaking…
MSC Ship Delivers BioFuels
Military Sealift Command fleet replenishment oiler USNS Henry J. Kaiser (T-AO 187), which is currently providing logistical support for U.S. Pacific Fleet's biennial Rim of the Pacific exercise off Hawaii, will deliver 900,000 gallons of a 50-50 blend of advanced biofuels and traditional petroleum-based fuel July 17 to the U.S. Navy aircraft carrier USS Nimitz (CVN 68) strike group. The fuel delivery is part of the Navy's Great Green Fleet demonstration…