Fuels & Lubes

Pemex Oil Output Down in December

  Mexico's state-run oil company Pemex said on Friday its crude oil production fell 0.4 percent in December from the previous month at 2.353 million barrels per day (bpd),

Global LNG-Price Slump Deepens

Asian spot liquefied natural gas prices for March delivery extended losses as winter demand failed to materialise to the extent hoped, traders said on Friday. The price of spot LNG fell to $7.

Buyers Bide Their Time in $110 bln Oil Asset Sell-Off

With more than $110 billion of oil and gas assets on the block as companies big and small count the cost of the collapse in oil prices, it is now a question of

Marquette Transportation Reportedly for Sale

Marquette Transportation Company LLC, a U.S. towboat operator, is exploring a sale that could value it at more than $1 billion and has attracted the interest of

Shell 'Optimistic' on U.S. Refinery Contract Talks

Lead industry negotiator Royal Dutch Shell Plc said on Thursday it was "optimistic" a new three-year agreement could be reached with a union representing hourly workers at 63 U.

Tohoku Electric's LNG Buy Sets Asian Spot Level

Japanese utility Tohoku Electric has purchased an LNG cargo for delivery in the third week of March at a price in the low $7 per million British thermal unit (mmBtu) range,

Cosco Profits Boosted by Low Fuel Prices

China Cosco Holdings ended 2014 in profitable territory, growing its net earnings by 50 percent to $56 million on the back of cost cuts, improved revenue and lower bunker fuel prices.

Dan-Bunkering Appoints Petersen

Dan-Bunkering S.A.M. announced that Mathias Runge Petersen has been employed as bunker trader, joining the company's Monaco team. Petersen has been in the oil industry for many years,

Bunker Holding Hires Hughes in Group Operations

As of January 1, 2015, Bunker Holding, the parent company of a worldwide group of bunker companies, has employed Kristian Kent Hughes as Manager – Operations & Projects.

Liberian Registry Launches Green Ship Initiative

“We have launched a new initiative to help shipowners improve their green credentials and meet other corporate social responsibilities," said Scott Bergeron, CEO

Kemp: U.S. Crude Oil Stocks Return to 1930s Crisis Levels

U.S. commercial crude oil stocks last week hit their highest level since 1931 - when the opening of giant oil fields in the United States coincided with the Great

Stolt-Nielsen Q4 Profit Misses Forecast

Shipping firm Stolt-Nielsen reported fourth quarter earnings below forecasts on Thursday and said it was concerned about the outlook for the chemical tanker market,

Shell: UK Should Reduce North Sea Oil Tax

The British government should review a supplementary tax charge on North Sea oil producers as it has made the operation of some fields unrealistic, Shell Chief

Norway's Oil Sector Repeating Mistakes of last Downturn?

Some 10 pct of oil workers laid off; Energy sector at risk of cutting too much. Norway's offshore energy sector may be repeating the mistakes of the last big oil slump,

Phillips 66 Profit Jumps 39 pct

U.S. refiner Phillips 66 reported a 39 percent jump in quarterly profit, helped by a gain from asset dispositions and strong margins in its marketing and specialties business.

Refiner Valero Energy's Profit falls 5 pct

U.S. refiner Valero Energy Corp reported a 5 percent fall in quarterly income, hurt by a narrower spread between Brent and WTI crude and a drop in operating profit at its ethanol business.

Valero CEO: Low Oil Prices Encourage Global Fuel Demand

Valero Energy Corp Chairman and Chief Executive Joe Gorder said on Wednesday low oil prices are encouraging continued global demand for refined products like motor fuels gasoline and diesel.

GTT to Exhibit at Euromaritime

Gaztransport & Technigaz (GTT), a designer of membrane containment systems for the maritime transportation and storage of liquefied natural gas (LNG), will exhibit at Euromaritime,

Pipeline Plan to Bring Western Gas to Balkans Closer

Slovak pipeline operator Eustream expects to sign a memorandum of understanding in the next two weeks with counterparts in Romania and Bulgaria on a proposed gas

International Sulphur Campaign Launched

An international information campaign on the new, stricter sulphur requirements and their enforcement will be launched in February and, at the same time, cooperation

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