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Venezuelan oil stuck at ports, PDVSA struggles to import fuel | Reuters
▻https://www.reuters.com/article/us-venezuela-politics-pdvsa-fuel-idUSKCN1PO2LA

Venezuela’s oil inventories have started to build up at the country’s ports and terminals as PDVSA is finding it cannot export crude at its usual rate due to U.S. sanctions imposed earlier this week, according to sources and shipping data.

Sanctions announced on Monday by the administration of U.S. President Donald Trump, aimed at driving President Nicolas Maduro out of power after his contested re-election last year, have barred PDVSA’s U.S. customers from transferring payments to the firm. That is effectively limiting state-owned PDVSA from shipping that oil because Maduro’s government cannot collect the proceeds.

As of Wednesday, Venezuela had 25 tankers with nearly 18 million barrels of crude - representing about two weeks of the country’s production - either waiting to load or expecting authorization to set sail. Most of those were anchored near the port of Jose, the country’s largest, according to Refinitiv Eikon data.

PDVSA responded to the U.S. sanctions by prohibiting tankers loading oil bound for the United States to leave Venezuelan ports if cargoes are not prepaid.

In addition, PDVSA’s inability to pay for crucial imports means fuel imports are delayed, adding to the glut of tankers off Venezuela’s coast.

Just 100 companies responsible for 71% of global emissions [since 1988], study says
►https://www.theguardian.com/sustainable-business/2017/jul/10/100-fossil-fuel-companies-investors-responsible-71-global-emissions-cdp

The report found that more than half of global industrial emissions since 1988 – the year the Intergovernmental Panel on Climate Change was established – can be traced to just 25 corporate and state-owned entities. The scale of historical emissions associated with these fossil fuel producers is large enough to have contributed significantly to climate change, according to the report.

[...] A fifth of global industrial greenhouse gas emissions are backed by public investment, according to the report. “That puts a significant responsibility on those investors to engage with carbon majors and urge them to disclose climate risk,” says Faria.

#climat #carbone

Top 100 producers and their cumulative 1988-2015 greenhouse gas emissions:
1. China (Coal) 14.3%
2. Saudi Arabian Oil Company (Aramco) 4.5%
3. Gazprom OAO 3.9%
4. National Iranian Oil Co 2.3%
5. ExxonMobil Corp 2.0%
6. Coal India 1.9%
7. Petroleos Mexicanos (Pemex) 1.9%
8. Russia (Coal) 1.9%
9. Royal Dutch Shell PLC 1.7%
10. China National Petroleum Corp (CNPC) 1.6%
11. BP PLC 1.5%
12. Chevron Corp 1.3%

voir aussi ►https://seenthis.net/messages/198774

A Single Vessel Is Behind Canada’s Largest-Ever Trade Deficit - Bloomberg
▻http://www.bloomberg.com/news/articles/2016-11-04/a-single-vessel-is-behind-canada-s-largest-ever-trade-deficit

https://i0.wp.com/gcaptain.com/wp-content/uploads/2016/11/Blue-Marlin.jpg

Canada posted its largest trade deficit on record in September, a whopping C$4.1 billion ($3 billion) — and a single piece of equipment is to blame.

A heavy-load carrier arrived at Bull Arm, Trinity Bay in Newfoundland on Sept. 2, after a voyage from South Korea that began in June.

You’ll note that the 224.8 meter-long vessel had to sail around Africa rather than go through the Suez Canal, due to its size and cargo.
The Blue Marlin, as the vessel is known, was carrying a 30,000 tonne utilities and process module made by Hyundai Heavy Industries. The module, which had been under development since 2013, will be used in the Hebron offshore-oil project off the coast of Newfoundland and Labrador.

Exxon Mobil Corp. has the largest interest in this project; co-venturers include Chevron Corp., Suncor Energy Inc., Statoil ASA, and Nalcor Energy Corp. The field has been estimated to contain more than 700 million barrels of recoverable resources.

The arrival of this module helped push the imports of industrial machinery, equipment and parts up by C$2.9-billion in September, according to Statistics Canada, meaning the nation’s trade deficit excluding this increase would have totaled C$1.2 billion for the month — an even smaller gap than the C$1.7 billion deficit that economists had been estimating.

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