OPEC may face Iraq challenge sooner than expected Report. The consensus among analysts is that it would take around 5 years for Iraq to boost output by between 1 million bpd and 1,5m bpd The storm brewing on OPEC’s horizon over future Iraqi oil output could engulf the producer group sooner than it would like. OPEC was unlikely to discuss Iraq at...

Chevron Deploys a Second Ultra-Deepwater Drillship San Ramon. Chevron U.S.A. Inc., a wholly owned subsidiary of Chevron Corporation (NYSE: CVX), today announced that it has commenced operations on the Discoverer Inspiration, an ultra-deepwater drillship, in the U.S. Gulf of Mexico. The vessel has the capability to drill wells in 12,000 feet (3,650 meters)...

Log-In loss Brazilian boxship player Log-In Logistica sees profits slump as domestic trade issues batter the bottom line. Read more: RSS for Tradewinds, Port

Dover dust-up P&O, Norfolkline and SeaFrance threaten legal action against port over higher fees. Read more: RSS for Tradewinds, Port

Talks continue Finnish port shut-down drags into second week as another meeting between bosses and union planned for Friday. Read more: RSS for Tradewinds, Port

Long Beach jumps US west coast container port has reported a third consecutive month of growth in volumes. Read more: RSS for Tradewinds, Port

Missing AGL Executive Found Deceased in New Orleans Atlanta. AGL Resources reported that one of its executives, Sequent Energy Management President Douglas N. Schantz, was found deceased yesterday after apparently falling accidentally into the Mississippi River in New Orleans. Read more... Read more: Ordons News - Latest News

CNOOC, Total to Divvy Up Ugandan Oil Assets London. China's Cnooc Ltd. and French oil major Total SA are each expected to acquire a third of Tullow Oil PLC's oil assets in Uganda, Tullow said in a statement Wednesday. Read more... Read more: Ordons News - Latest News

Oilsands Quest Evaluates Axe Lake Oil Sands Development Calgary. Oilsands Quest reported it is evaluating the potential to develop its Axe Lake oil sands discovery in northwestern Saskatchewan using typical steam-assisted gravity drainage (SAGD) technology. Read more... Read more: Ordons News - Latest News

Chilean comeback Major ports of San Antonio and Valparaiso nearing full capacity following huge earthquake. Read more: RSS for Tradewinds, Port

Seattle surprise Port of Seattle posts positive results despite a steady decline in container traffic. Read more: RSS for Tradewinds, Port

Whiting Petroleum Corp. Vice President And CFO Michael J Stevens Sells 6,706 Shares Denver. Whiting Petroleum Corp. has a market cap of $3.96 billion; its shares were traded at around $77.81 with a P/E ratio of 199.5 and P/S ratio of 4. WLL is in the portfolios of David Dreman of Dreman Value Management, Diamond Hill Capital of Diamond Hill Capital Management Inc, Ron Baron of Baron...

Tullow Oil posts 2009 net profit, revenue decline London. Oil exploration firm Tullow Oil (UK:TLW 1,271, -10.00, -0.78%) said Wednesday that its 2009 net profit declined to 15.1 million pounds ($22.5 million), from 223.2 million pounds recorded at the same point a year ago. Revenue declined to 582.3 million pounds, from 691.7 million pounds last year....

EIA Short-Term Energy Outlook Report. EIA Highlights. Although spot crude oil prices continue to fluctuate on a daily basis, EIA’s projections for West Texas Intermediate (WTI) crude oil spot prices have remained relatively stable over the last 4 Outlooks. EIA expects WTI prices to average above $80 per barrel this spring, rising...

Melbourne up Australian port makes strong start to 2009 with 12% year-on-year increase in container volumes. Read more: RSS for Tradewinds, Port