Fuels & Lubes

Lithuania May Not Extend Long-Term Deal with Gazprom

Lithuania may not extend its long-term natural gas import deal with Russia's Gazprom after the current one expires at the end of 2015, as it has gained access to global LNG markets,

US Crude Positive After Smaller Cushing Build

U.S. crude futures turned positive on Monday after Genscape reported a smaller-than-expected build in the Cushing, Oklahoma delivery point for oil, market sources said.

Dan-Bunkering Appoints Bunker Purchaser

Dan-Bunkering (Middle East) DMCC has announced that Anders Boennelykke has been appointed bunker purchaser with immediate effect. “We are seeing a positive

Ukraine: Russia Violating Winter Gas Terms

Ukraine's state energy firm Naftogaz said Russia's Gazprom is violating the terms of an EU-backed winter gas supply agreement, ahead of talks on Monday in Brussels on the issue.

Bets on Oil Rally Highest Since July

ICE Brent net longs up 11,371 contracts to 182,783; highest net length in ICE Brent crude since July 2014. Hedge funds and large speculators increased their

Iraq Gas from Iran Possible in May

Iran could begin natural gas exports to Iraq in May if security conditions improve, Iranian oil ministry website Shana quoted a senior official as saying on Monday.

Petronas FID on Canadian LNG Due by June

Malaysian energy firm Petronas expects to make a final investment decision (FID) on an $11 billion liquefied natural gas (LNG) export terminal in British Columbia by June,

ADB Okays $30mln for Pak LNG Terminal

 The Asian Development Bank (ADB) has approved a $30 million project loan to Engro Elengy Terminal Private Limited, a special purpose company which will build Pakistan’s

Brightoil Reports Steady Growth in Interim Results

Brightoil Petroleum (Holdings) Limited announced its interim results for the six months ended December 31, 2014, reporting steady growth over the period.   During the period,

UK More Dependent on Fuel Imports as Refining Capacity Falls

Britain's net imports of petroleum products more than tripled last year, according to government figures, after a fresh wave of refinery cuts left the country unable to meet its demand.

Chesapeake Energy Sees Asset Writedowns in Q1-filing

Chesapeake Energy Corp on Friday said in a regulatory filing it expects to write-down the value of its oil and gas properties in the first quarter, citing low oil and gas prices.

Lithuania Looks to U.S. for Gas

Lithuanian liquefied natural gas (LNG) importer Litgas has signed a preliminary agreement with a U.S. supplier, looking to lessen the Baltic nation's dependence on Russia.

RoRo Ship Enters Operation for WWL

Wallenius Wilhelmsen Logistics welcomes into operation the M/V Thermopylae, the first of its new generation of Post Panamax HERO (High Efficiency RoRo) PCTC vessels.

Oil and Gas Producer Penn Virginia Looking to Sell Itself

Oil and gas producer Penn Virginia Corp is considering selling itself, the Wall Street Journal reported on Thursday, citing people familiar with the matter. The

Norway's Statoil Shuts Statfjord C Platform

Norwegian energy firm Statoil has shut its Statfjord C platform in the North Sea after discovering cracks in the platform, Norwegian daily Stavanger Aftenblad reported on Thursday.

Western Refining Beats Street on Refining Margins

Western Refining Inc reported a better-than-expected adjusted quarterly profit on Thursday as lower crude oil prices helped improve refining margins. Growing

Asia: LPG Shipping and LNG Pricing

 While declining Asian LNG prices have reduced margins on the long-distance LNG trade, causing spot-charter rates for LNG vessels to fall, LPG shipping earnings

GTT Receives Order for LNG Bunker Barge

Gaztransport & Technigaz (GTT), a designer of membrane containment systems for the maritime transportation and storage of LNG liquefied natural gas (LNG), announced that its U.

Maersk Publishes Sustainability Report

Having launched a new sustainability strategy last year, the Maersk Group has published its 2014 sustainability report, covering aspects of the group’s 2014 sustainability

Driving Operational Change with Data-driven Analytics

By Henrik Lano Reducing costs and improving performance   Real-time reporting and data analysis are key tools to understanding and improving complex operating

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