Bunkering

"Bunkering" is the local term for the theft of crude oil and natural-gas condensate.

Nigeria, Shell Plan $1.6 Billion Gas Project In Volatile Delta Hit by Production Halts 2009

"Bunkering" — tapping into pipelines and siphoning oil into makeshift tankers hidden in the swamps of the Niger River Delta — is widespread; it is responsible for the loss of some 200,000 barrels a day and for catastrophic fires that have incinerated locals attempting to scoop up the runoff.

Worse Than Iraq? 2006

"Bunkering" — tapping into pipelines and siphoning oil into makeshift tankers hidden in the swamps of the Niger River Delta — is widespread; it is responsible for the loss of some 200,000 barrels a day and for catastrophic fires that have incinerated locals attempting to scoop up the runoff.

Worse Than Iraq? 2006

The estuary barge, which was purchased in connection with the 2010 acquisition of Verbeke Bunkering N.V., has been deployed to the

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"Bunkering has a lot of potential in offshore China and now that the company can get recapitalised from a reputable source like China Development Bank, I think the business model is now proven to be viable," said Gordan Kwan, head of regional energy research at Mirae Asset

UPDATE 2-Brightoil inks $4 bln deal with China Dev Bank, shares at record | Reuters 2011

Bunkering fleet comprises both bunkering vessels and barges.

The Earth Times Online Newspaper 2010

Net cash used in investing activities was $79.9 million for the three months ended June 30, 2010, mainly due to the acquisition of Verbeke Bunkering business and advances paid for both vessels under construction and acquisition of vessels.

The Earth Times Online Newspaper 2010

"Bunkering operations have a rich choice of contending ETRM solutions so we think it's highly significant that AspectETRM for Bunkering has won three major deals even before we formally launched the product," says AES CEO Steve Hughes.

Releases feed from RealWire 2010

Bunkering services, such as refueling as sea, are prohibited for Iranian - owned or contracted vessels suspected of carrying such goods.

Bloomberg 2010

Consistent with management's strategy to expand its brand and scale, we completed the acquisition of Verbeke Bunkering at the onset of the second quarter, cementing our presence in the world's second largest bunkering market.

The Earth Times Online Newspaper 2010