Fuels & Lubes

Hellenic Petroleum Q2 EBITDA Up On Higher Exports

Hellenic Petroleum, Greece's biggest oil refiner, posted on Thursday a 20 percent rise in second-quarter core profit with higher exports offseting the lower refining margins.

Nord Stream 2 Partners Rework Funding After Joint Venture Collapses

Western partners in Russia's Gazprom-led gas pipeline extension to Europe are examining alternative ways to fund it after Poland's cartel office blocked its clearance last month,

EMSA Equipment Assistance Service Launched for North Sea

NRC has announced the launch of a new oil spill response equipment assistance service for the European Maritime Safety Agency (EMSA) in Oldmeldrum, near Aberdeen, Scotland.

Trafigura's China Marketer Released on Bail

An oil marketing executive of Swiss trading giant Trafigura's China operation was released on bail this month after more than two years in detention, as an investigation

US Navy Ships Conduct Astern Replenishment-at-sea

“While replenishments-at-sea are routine, astern refueling is unique and requires precise navigation and coordination,” said Lt. Cmdr. Jason Ileto, fleet replenishment scheduler for Commander,

Brazil Court Upholds Petrobras Sale of Gaspetro Stake to Mitsui

A Brazilian court struck down an injunction suspending the sale by state-led oil company Petrobras of a 49 percent stake in its Gaspetro natural-gas distribution unit to Japan's Mitsui & Co.

U.S. Crude Stocks Rise Unexpectedly as Refineries Cut Output

U.S. crude stocks rose last week as refineries cut output, while gasoline and distillate stocks rose modestly, the U.S. Energy Information Administration said on Wednesday.

Lucas Marine, Harbor Breeze Cruises Partner to Cut Fuel Costs

Lucas Marine is partnering with Harbor Breeze Corporation to help reduce the yacht charter and cruise company's fuel costs, maintenance and environmental impact in Los Angeles and Long Beach Harbors.

Colder 2016-17 Winter to Boost U.S. oil and gas Demand

The U.S. summer driving season ends with Labor Day on Sep 5, and the attention of the energy markets is already switching to the forthcoming winter heating season.

MN100: Klüber Lubrication NA LP

The Company: Klüber Lubrication is one of the world’s leading manufacturers of specialty lubricants, offering high-end tribological solutions to virtually all industries and markets worldwide.

Mexico Approves Oil Auction Terms for Onshore Tender in 2017

Mexico's oil regulator on Tuesday approved auction terms and contracts for a dozen onshore oil and gas fields, to be bid out next year as part of a series of tenders

Iran Signals More Willingness for OPEC Action to Boost Oil Price

Iran is sending positive signals that it may support joint action to prop up the oil market, sources in OPEC and the oil industry said, potentially aiding efforts

ConocoPhillips Hits Snag in Senegal Deepwater Stake Sale to Woodside

ConocoPhillips' plan to sell its stake in an oil find off Senegal to Woodside Petroleum hit a speed-bump on Tuesday as a junior partner attempted to buy time to

Sasol boosts Lake Charles Project Price

Petrochemicals company Sasol Ltd on Tuesday raised the price tag of its U.S. ethane cracker project to $11 billion from $8.9 billion, in line with an estimate it flagged to the market in June.

Oil Below $49 as Glut Outweighs Production Reduction Hopes

Brent's August rally fizzles outas U.S. crude inventories seen lower in weekly report. Oil fell below $49 a barrel on Tuesday, giving up part of August's strong rally,

China's Fuel Exports Dwarfed by Refiner's Cost for Crude

A surge in China's diesel exports last month to record levels is probably the last thing refiners in the rest of Asia wanted to hear, but they should probably worry more about rising crude oil prices.

BP to Shed $261 mln Castrol India stake

Castrol Ltd, a unit of oil major BP Plc, is selling an up to $261 million stake in Castrol India Ltd in a block trade on Wednesday, according to a termsheet seen by Reuters.

MN100: FloScan Instruments, Inc.

The Company: FloScan designs and manufactures Fuel Monitoring Systems for use on a wide range of diesel powered commercial vessels on every continent including ocean-going,

Straightpoint Load Cells Weigh Hulking Flare Stack

Speedy Services used load monitoring and suspended weighing load cell equipment from Straightpoint to weigh and calculate the centre of gravity of a 298t flare

Iraq's New Oil Minister Sticks by Demand to Review Foreign Contracts

Iraq wants to review contracts with oil companies to cut the fees that the firms receive when crude prices are low, the OPEC nation's new oil minister said, standing

 
 
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