U.S. Southern Command stated the vessel was attempting to defy U.S. sanctions against Venezuela. U.S. forces boarded and seized a Guyana-flagged crude tanker this past week that attempted…
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U.S. Forces Seize Sanctioned Oil Tankers
Crews are expected to face prosecution for transporting sanctioned Venezuelan oil. The U.S. military and Coast Guard announced that they seized two sanctioned oil tankers this week –…
Read MoreDOJ and FBI Announce Details of Oil Tanker Seized Under Judicial Warrant
The tanker, already under U.S. sanctions, sought to conceal its identity and location. The Department of Justice unsealed a warrant issued by a District of Columbia U.S. District…
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Interior Department Releases Five-Year Plan for Offshore Drilling Leases
This new schedule represents the most active offshore oil and gas leasing plan in decades. The Interior Department recently released a five-year plan in support of offshore oil…
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Energy Department Moves to Refill Strategic Petroleum Reserve
Contracts have been awarded to companies, and one million barrels of crude oil have been purchased. The Department of Energy (DOE) has awarded contracts to acquire approximately one…
Read MoreDOE to Purchase 1 Million Barrels to Refill Strategic Petroleum Reserve
Initiative begins long-term plan to strengthen U.S. energy security and rebuild reserves. The U.S. Department of Energy (DOE) recently announced it will buy one million barrels of domestically…
Read MoreTreasury Department Sanctions 50 More Iranian Entities
The fourth round of new sanctions seeks to pressure the oil and gas network. The Treasury Department’s Office of Foreign Assets Control (OFAC) recently announced sanctions on 50…
Read MoreDOE Releases Oil from Strategic Reserve to Address Gulf Coast Supply Disruption
Exchange with ExxonMobil seeks to stabilize fuel availability amid refinery slowdown The U.S. Department of Energy (DOE) recently approved the temporary exchange of up to 1 million barrels…
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U.S. Treasury Implements Sanctions on Houthi Oil Smuggling Network
The action targets front companies, operatives, and vessels linked to illegal oil trade and weapons procurement supporting Iran-backed Ansarallah. This month, the U.S. Department of the Treasury’s Office…
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Secretary Rubio Advises China to Warn Iran Against Closing the Strait of Hormuz
On Monday, China called on the Middle Eastern nation not to disrupt the transportation of oil. Secretary of State Marco Rubio urged China on Sunday to advise Iran…
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