United Nations

Countries fail to reach agreement in UN plastic talks

December 2, 2024

(Investing) – BUSAN, South Korea -Countries negotiating a global treaty to curb plastic pollution failed to reach agreement on Monday, with more than 100 nations wanting to cap production while a handful of oil-producers were prepared only to target plastic waste. The fifth U.N. Intergovernmental Negotiating Committee (INC-5) meeting intended to yield a legally binding global treaty in Busan, South Korea,

Iranian Tanker Sought by US Heading Toward Greece

August 19, 2019

From The Houston Chronicle An Iranian supertanker with $130 million worth of light crude oil that the U.S. suspects is tied to a sanctioned organization left Gibraltar and was heading east into the Mediterranean Sea on Monday, with its next destination reported to be Greece. The Iran-flagged Adrian Darya 1, previously named Grace 1, set course for Kalamata, Greece, with

Citgo Gets U.S. Subpoena Related to Venezuela Bribery Probe - Oil & Gas 360

Venezuela Faces the Loss of Citgo – and Desperately Needed Dollars

July 31, 2019

From The Houston Chronicle Venezuela could lose its largest U.S. asset after a court allowed a Canadian gold miner to seize shares of Citgo Petroleum Corp.’s parent to satisfy an arbitration award. A U.S. appeals court ruled on Monday that Crystallex International Corp. may seize U.S.-based stock of Citgo’s parent, which is part of Venezuela’s state-owned oil company, to cover

Flags of Inconvenience: Noose Tightens Around Iranian Shipping

July 26, 2019

From Reuters Somewhere on its journey from the waters off Iran, around Africa’s southern tip and into the Mediterranean, the Grace 1 oil tanker lost the flag under which it sailed and ceased to be registered to Panama. Iran later claimed it as its own. The ship carrying 2 million barrels of Iranian crude was seized by British Royal Marines

‘Floating Bomb’: Decaying Oil Tanker Near Yemen Coast Could Soon Explode, Experts Warn

July 24, 2019

From CNBC An abandoned and decaying oil tanker near the coast of war-torn Yemen could soon rupture or explode, the United Nations (UN) has warned, potentially triggering one of the world’s largest oil spills. The deserted Safer FSO tanker, which is believed to contain approximately 1.14 million barrels of oil, has been anchored and left without maintenance off the Yemeni

United Nations Seems a Bit Fearful that Shale Gas Will Be What Achieves Global Prosperity

June 1, 2018

New UN report warns members to approach hydraulic fracturing with caution; says don’t invest in shale at the expense of renewables The United Nations Conference on Trade and Development has published a new report looking at the global shale gas phenomenon. The report is called “Commodities at a Glance, Special Issue on Shale Gas.” In an accompanying press release, the