Who is quietly buying all of the cheap oil?

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There are 89 tankers sailing for Chinese ports.

The US Shale Oil industry and Venezuala up in arms, Russia is being awkwardly quiet as the ‘secret’ Saudi-US oil deal that pressured prices for crude down to $80 has ‘hurt’ a lot of the world’s producer nations. However, China is the one country that is very grateful, Bloomberg reports.

 

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BP Offshore Oil Strike, the Board Game

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The board game of impending doom?

In 1970, BP collaborated with boardgame maker PrintBox of Scotland to come up with a game that is eerily prescient of the Gulf incident. The game BP Offshore Oil Strike didn’t catch on, and thus became somewhat of a collector’s item. BLDGBLOG got its hands on one:

With this “exciting board game for all the family,” released in 1970, BP delivered all “the thrills of drilling, the hazards and rewards as you bring in your own…” Bring in your own “Offshore Petro-Dollars,” that is…

Continue reading… “BP Offshore Oil Strike, the Board Game”

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Swordfish Attack Angolan Oil Pipeline

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A swordfish attack punctured an oil loading pipe in Angola recently, causing a three-day delay in tanker shipments of Girassol crude. Total, the French oil company which operates the pipeline, declared force majeure on shipments. Total later said that swordfish had damaged a flexible loading pipe. Declaring force majeure frees an operator from supply obligations due to extraordinary circumstances.

This isn’t the first time…
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