Fuels & Lubes

Somalia: Reviewing Oil Deals U.N. Says Lack Transparency

Somalia says oil exploration key to country's future U.N. investigators say oil contracts lack transparency Oil deals from two decades ago on hold

Eniram On the 2014 Global Cleantech 100 List

Eniram, the Finnish award-winning provider of fuel-saving technology, announced it had been named in the prestigious 2014 Global Cleantech 100, produced by Cleantech Group,

Clean Marine Wins New Contract

Clean Marine has been selected by Hyundai Mipo Dockyard in South Korea to supply exhaust gas cleaning systems (EGCS) for two new MR tankers. IMO’s convention

Tribesmen Blow Up Yemeni Oil Export Pipeline, Halting Flows

Tribesmen blew up Yemen's main oil export pipeline on Friday, halting crude flows, local officials said, less than a week after it was repaired. Yemen's oil

Pemex Loses $4.4B in Q3

Mexico's state-owned oil company Pemex reported a sharply deeper third quarter loss, nearly 50 percent larger compared to the same period last year, the company

Putin Hopes for Russia-Ukraine Gas Deal Next Week

Russian President Vladimir Putin said on Friday he hoped a deal would be reached next week with Ukraine to end a long-running dispute in which Moscow has halted natural gas supplies to Kiev.

Putin: Europe Unlikely to Stop Buying Russian Gas

Russian President Vladimir Putin said on Friday he did not expect European countries to stop buying natural gas from Russia as there is no real alternative. "Can

U.S. Navy Contracts 12 Rapid Response Skimmers

Kvichak Marine won a US Navy contract for 12 30-ft.Rapid Response Skimmers (RRS) for delivery over the next 18 months, with options for up to 30 additional skimmers to be delivered through 2019.

UASC Targets Expansion to Beat Container Market Blues

UASC expects to reach volume of 2.35 mln TEU in 2014 Global carriers still struggling with weak conditions United Arab Shipping Company (UASC) is on a major expansion drive,

Ecoships Claims 15% Ship Efficiency Gain

Ecoships introduced a customized version of the Six Sigma DMAIC approach to process and performance evaluation in order to optimize the energy-efficiency of the vessels under its management.

Spain Appeals Planned Canary Island Vote on Oil Drilling

Spain's government launched an appeal in the Constitutional Court on Friday seeking to halt a Canary Islands referendum next month on a $7-billion oil exploration project,

Islamic State Keeps Up Syrian Oil Flow Despite U.S-led Strikes

U.S.-led strikes hit mobile refineries, not wells Islamic State oil moving in convoys across eastern Syria Washington reluctant to destroy infrastructure,

Eustream Offers Capacities to Test New Gas Pipeline Link

Slovak gas pipeline operator Eustream is offering capacities for a test period in December on a new link to Hungary aimed at helping to improve the region's ability to broaden supply sources,

Singapore Bunker Meter Mandate Targets 'Frothy Fuel'

Singapore, the world's biggest bunkering port, plans to end the so-called "cappucino effect" in ship fuelling through new meters designed to stop suppliers from short-changing customers,

Study: Lifting Crude Exports Will Not Raise U.S. Gas Prices

A highly anticipated study by the U.S. Energy Information Administration will show that domestic oil prices will not rise if the U.S. ban on oil exports is lifted,

ABB: Remote Monitoring Link to Fuel Efficiency

Anticipating the maintenance of equipment on board ships in order to increase fuel efficiency could be a “real game changer in the future,” said Andreas Zito, chief technical officer of the V.

IBIA Welcomes MEPC Bunker Compromise

The compromise solution on the issue of ensuring bunker quality agreed at the 67th meeting of the IMO’s Marine Environment Protection Committee (MEPC 67) has been

KazMunaiGas Begins Roadshow in U.S., Europe Before Possible Debt Issue

Kazakhstan's state oil and gas company KazMunaiGas (KMG) said on Thursday it had begun a roadshow in Europe and the United States for a possible debt issue denominated in dollars.

Libya's Elected Parliament Slashes Budget Due to Lower Oil Revenues

Libya's elected parliament has slashed this year's budget for the faction-ridden country by a fifth to $40 billion because a wave of worker protests in the first

Naftogaz CEO: $3.1 bln in Eskrow to Pay Russian Gas Bill

The chief executive of Ukraine's national oil and gas company Naftogaz told Reuters on Thursday that $3.1 billion had been set aside in a special eskrow account

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