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AGL Decision on LNG Import Terminal Expected in FY2019

Jun 01, 2018

AGL Energy Ltd, Australia's biggest power producer, expects to make a final investment decision on the country's first liquefied natural gas (LNG) import terminal in the financial year of 2019, a company official said on Friday.The A$250 million…

Refit for Jack-up at Damen Verolme Rotterdam

May 29, 2018

Damen Verolme Rotterdam (DVR)  completed a refit project on the MPI Enterprise, a 120-metre, self-elevating, DP2, wind turbine installation vessel owned and operated by MPI Offshore, part of the Vroon Group.  The works included the installation of spudcans on her four-legged jacking system…

Tokyo Gas Takes First LNG Cargo from Cove Point

May 21, 2018

Japan received its first shipment of liquefied natural gas (LNG) on Monday from Dominion Energy Inc's newly completed Cove Point export plant, the beginning of a jump in imports from the United States by the world's biggest buyer of the fuel…

U.S. Crude Liftings for Asia to Hit New High in July

May 16, 2018

Asia's U.S. crude imports hit all-time high in May as WTI discount to Brent falls to widest in three years. The volume of U.S. crude oil arriving in Asia is expected to hit a new high in July as Asian refiners sought arbitrage supplies to…

Jumbo Completes Work on Bangladesh FLNG Terminal

May 04, 2018

In 2017 Jumbo was awarded a contract by Geocean for the Moheshkhali Project, which is seeing a floating liquefied natural gas (LNG) import terminal developed off the shores of Moheshkhali Island in the Bay of Bengal, Bangladesh. It will be the…

India's First FSRU Based LNG Terminal Launched

May 03, 2018

H-Energy Gateway, the energy venture of Hiranandani Group, launched India’s first Floating Storage Regasification Unit (FSRU) based LNG terminal at JSW Jaigarh Port in Ratnagiri District, Maharashtra.  The Jaigarh Port is owned & operated by…

LR to Class India’s First FSRU

May 01, 2018

Lloyd’s Register (LR) said it signed a contract to class the first ever floating storage regasification unit (FSRU) to be ordered for Indian waters.Due for delivery in December 2019, the new 180,000m³ FSRU will be built to LR’s Rules for the…

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'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…

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…

Bangladesh Finalizes LNG Deal with Oman Trading International

Apr 23, 2018

Bangladesh has finalized a 10-year deal to import 1 million tonnes of liquefied natural gas (LNG) annually from Oman Trading International, two energy officials with direct knowledge of the matter told Reuters.The deal with Oman Trading is Bangladesh's…

Shell Active in Mideast, Russia Crude Liftings

Apr 20, 2018

Oil major buys various grades from Qatar, UAE, Russia; re-sells Qatar Marine and Sokol. Royal Dutch Shell has snapped up more than 8 million barrels of Middle East and Russian crude oil loading in June and resold some cargoes at higher premiums as it profits from robust demand in Asia…

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…

Four Bunker Barges Seized in Singapore over Unpaid Debt

Apr 05, 2018

Singapore law firm asks for vessels to be arrested; bunker barges owned by Vermont UM Shipping. Four marine refuelling barges owned and operated by Vermont UM Shipping Pte Ltd were seized in Singapore on Monday night, according to the website of Singapore's Supreme Court…

Houthis Attack Saudi Oil Tanker

Apr 04, 2018

An attack on a Saudi tanker by Yemen's Houthis will not hit oil supplies, Saudi Arabia's energy minister said on Wednesday, after the Iran-allied group said it had targeted a warship in response to an air strike that killed civilians. The Western-backed…

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