Fuels & Lubes

Italy Could Last Around 3 Months Without Russian Gas

Italian Industry Minister Federica Guidi said on Tuesday that the country's gas stockpiles mean it could get by for around three months if Russia were to suspend

Power and Endurance Ready for Austrailian Waters

Wamalhanha is the final newbuild in a series of six tugs of the Robert Allan Design, RAstar 3200 where her main duties will be terminal activities, escort duties, ship assist, towage duties.

Enbridge Line 9 to Reenter Service in Early November

Enbridge Inc, Canada's largest pipeline company, said on Tuesday it expects Line 9, carrying about 300,000 barrels per day crude oil from Sarnia, Ontario, to Montreal,

Trident Alliance Welcomes New Members

Trident Alliance, the shipping industry initiative for fair competition through robust enforcement of maritime sulphur regulations, explores solution initiatives and welcomes four new members.

Crude Oil Free Trade is in US Interests

U.S. oil refiners have been among the biggest beneficiaries of free trade in the last decade, so it is ironic some continue to lobby hard to maintain the protectionist ban on crude exports.

New Acreage in Algeria

Statoil and Shell were today awarded the Timissit Permit Licence in the Illizi-Ghadames Basin onshore Algeria. The licence is located in southeastern Algeria

ABB WinsTunisia's Gas Treatment Plant Bid

  ABB, the leading power and automation technology group, has been awarded a $216 million contract to deliver a gas treatment plant to the South Tunisian Gas Project (STGP).

Brent Holds Above $97, Eyes Worst Quarter Since 2012

Brent crude futures hovered above $97 a barrel on Tuesday, aided by firm U.S. and Chinese data, but the oil benchmark was on track for its deepest quarterly drop

Cove Point LNG Export Facility Gets US FERC Approval

 U.S. federal regulators on Monday approved construction of Dominion Resources Inc's liquefied natural gas export project in Cove Point, Maryland. Cove Point is the fourth U.

Oil Major Eni Awarded Egypt Exploration Licenses

Italy-headquartered Eni informs it was the successful bidder of 3 new exploration licenses in Egypt as a result of the competitive 2013 EGPC and EGAS bid rounds.

UK's Buzzard Oil Field Online, Ramping Up

Britain's Buzzard oil field in the North Sea is back online and will continue to ramp up production over coming days, a spokeswoman for its operator Nexen, whose parent is China's CNOOC,

Fire at Milazzo Refinery Impacts Docks

Inchcape Shipping Services  is advising of extensive disruption after a fire broke out Friday afternoon (27 September) at Italy’s energy giant Eni and Kuwait Petroleum’s

Dana Gas Plans for Long Term Growth in Egypt

Successfully Bids for Two New Nile Delta Concessions.   Dana Gas awarded Blocks 1 and 3 in the onshore Nile Delta area Block 1 represents an extension

Tupras Deploys AVEVA for Refineries

Turkey’s primary oil & gas operator makes a strategic investment in AVEVA E3D, schematic, and laser data software. AVEVA announced that Tupras, Turkey’s largest

Sidi Kerir Hopes for 18 pct Revenue Boost

Egypt's Sidi Kerir Petrochemicals hopes to increase its revenues by about 18 percent over the next two and half years, its chairman told Reuters in an interview.

Kemp: Time for a Good Sweating in Oil Markets

U.S. demand for petroleum products has experienced an unprecedented and broad-based decline over the last eight years as soaring oil prices have forced consumers

Solar Output Down, Demand Up, Spot Prices Higher

Increasing demand and an expected drop in solar power output sent Central European day ahead power prices higher on Monday, traders said. On regional exchanges,

Coal Futures Hit 5-Year Lows

 Australian physical coal prices also hit 5-year lows; API2 2015 coal prices: http://link.reuters.com/hun92w. European coal futures hit five-year lows on Monday,

Czech Enovy: "Foolish" to Rely on Gas Via Ukraine

It is foolish to expect gas to flow as usual through Ukraine this winter and Europe must brace for disruption along the route that typically carries almost half

Platts to Adopt Month-Ahead Brent Assessments

Oil pricing agency Platts plans to lengthen the loading period of North Sea crude cargoes it uses in its dated Brent oil benchmark to a full month starting next February.

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