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Japan: An LNG Bunkering Hub?

Apr 26, 2018

New study examines Japanese government strategy for creating infrastructure for environmentally-friendly ship fuel.A new report by the Intrernational Transport Forum at the OECD assesses Japan’s ambition to become an international bunkering hub for liquefied natural gas (LNG)…

Singapore to Require Flow Meters for Bunker Transfers

Apr 26, 2018

Singapore's Maritime Port Authority (MPA) is set to announce it is making use of mass-flow-meters (MFM) mandatory onboard marine gasoil barges used to refuel large ships, two people with knowledge of the matter said. The announcement will…

Singapore's Bunker Market Rallies

Apr 25, 2018

The Singapore fuel oil market has rallied this week as inventories have dropped at the same time that some supplies in the region do not meet the standards for use as shipping fuel, further reducing the amount of supply available, five trade sources said…

Shell to Sell its Downstream Business in Argentina

Apr 24, 2018

Shell has signed an agreement to sell its Downstream business in Argentina to Raízen for $0.95 billion in cash proceeds at completion, subject to customary closing conditions. The sale includes the Buenos Aires Refinery, around 645 retail stations…

China's Gasoline Exports Impact Profit Margins

Apr 24, 2018

China's surging imports of crude oil this year are the major driver of higher prices on the demand side, but the flip side to this is soaring Chinese fuel exports that are hurting profit margins at regional refiners. The world's largest crude importer took in 9…

Asia's Gasoline Glut Drags on Refining Margins

Apr 20, 2018

Asia's gasoline crack on Thursday hit lowest since 2016; recent high refinery throughput countered maintenance season. Gasoline profits for Asia's oil refiners hit their lowest since 2016, while refining margins have touched a three-month low…

Noble Amends Restructuring Plan, Scrambles for Shareholder Support

Apr 19, 2018

Noble's action on shareholders was criticised by SGX; Noble needs shareholders to support its restructuring. Bowing to criticism from the Singapore Exchange (SGX) and other investors, embattled Noble Group is removing a provision in its $3…

US Oil, Gasoline Stocks Fall in Latest Week

Apr 18, 2018

U.S. crude stocks fell last week as refineries cut output, while gasoline and distillate inventories fell, the Energy Information Administration said on Wednesday.Crude inventories fell by 1.1 million barrels in the week to April 13, compared with analysts' expectations for a decrease of 1…

Unipec, ENOC Place Lowest Offers in Bangladesh Oil Import Tender

Apr 17, 2018

Energy traders Unipec and ENOC placed the lowest offers in a tender by Bangladesh Petroleum Corp to buy up to 1.52 million tonnes of oil products for import in the second half of 2018, officials said on Tuesday.The state-owned company was seeking between 1…

China's Coal Import Restrictions may Pressure Pricing

Apr 17, 2018

The price of seaborne thermal coal in Asia may come under pressure as China moves to impose some import restrictions on imports of the polluting fuel. Several ports in southern and eastern China have introduced controls on coal imports,…

Thompson takes over from Founder Heavey, Tullow Oil

Apr 17, 2018

Tullow Oil plc (Tullow) announced the appointment of Dorothy Thompson as independent non-executive Director and Chair-designate of Tullow with effect from the conclusion of the Group’s Annual General Meeting (AGM) on 25 April 2018. It is anticipated Thompson will succeed Aidan Heavey…

BP to Keep Carbon Footprint Flat into 2025

Apr 16, 2018

BP to reduce CO2 emissions by 3.5 mln tonnes per year by 2025 even as it plans to sharply increase oil and gas output in coming years. BP said on Monday it will keep carbon emissions flat over the decade to 2025 even as its oil and gas ouput is set to grow…

Britain: Biofuel Targets Will Reduce Diesel Reliance

Apr 13, 2018

British biofuel targets coming into force this weekend will double the use of renewable fuels in the UK transport sector in 15 years and reduce reliance on imported diesel, the government said on Friday. The new targets, which take effect on April 15…

Russia Ready to Consider Gas Supplies via Ukraine After 2020

Apr 11, 2018

Russian Energy Minister Alexander Novak told European Commission Vice President Maros Sefcovic that Russia was ready to consider using Ukraine as a gas transit route after 2020, the energy ministry said on Wednesday.German Chancellor Angela…

Russia's Transneft Launches "Yug" Oil Products Pipeline

Apr 05, 2018

Russian oil pipeline monopoly Transneft said on Thursday it had started pumping commercial volumes of oil products through its new 'Yug' pipeline.The pipeline transports oil products from the Volgograd refinery on the Volga river to the Black Sea port of Novorossiisk…

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Ørsted Opens Offshore Wind Operations and Maintenance Hub in Taiwan
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