Fuels & Lubes

Oil Price Shock Soon to be Positive Overall for Canada

Canada's economy will start to show more positive effects from the drop in oil prices than negatives from the second quarter onwards, Bank of Canada Governor Stephen Poloz said on Friday.

Total Eyes Sale of its Fuel Retailing Business in Turkey

Total aims to exit its fuel distribution business in Turkey and has asked Societe Generale to lead the sale, sources said on Friday, as the French oil producer

Caterpillar CEO: Dip in Oil Prices a Headwind in 2015

Caterpillar Inc chief executive Doug Oberhelman said on Friday that oil prices have been a headwind for the manufacturer and will continue to be in 2015. Oberhelman,

Brent Oil Edges Up, Set for Third Straight Weekly Gain

Brent crude edged up on Friday, poised to mark a third consecutive week of price increases as air strikes in Yemen stoked concerns over the security of Middle East oil shipments.

Spanish Ferry Operator Enrolls in Carbon Credits Program

Spanish ferry operator Baleària has signed up to AkzoNobel’s carbon credits program. The company has enrolled its passenger ferry Martin i Soler into the scheme,

SCHOTTEL to Present Inland Offerings

SCHOTTEL will present its expertise to the U.S. inland market at the upcoming Inland Marine Expo in St Louis, June 15-17, 2015: strong push boats in Brazil, big

EU Sees Progress Towards UN Climate Deal

EU sees China, Canada, S.Arabia making climate plans by June; India, Brazil, Indonesia to miss EU's target deadline. The European Union expects that countries

Japan Hikes Emission Cut Goal by 25 pct

Japan is considering cutting emissions of greenhouse gases by around 25 percent by 2030, up from an earlier target of about 20 percent, as its contribution to a

Russian Fuel into Singapore Clouds Price Outlook

Singapore fuel oil stocks hit near two-year high. Fuel oil stocks stored in the oil hub of Singapore are the highest in nearly two years as soaring Russian supplies are diverted from Europe,

Fuel Slick Washes Up On Canary Islands After Ship Sinks

Around 120 kilos of shipping fuel has been scraped up off the Spanish Gran Canaria tourist beaches Veneguera, Tasarte and Taurito, the government said on Thursday,

SeaHow Skimmer System

New SeaHow skimmer systems – designed to collect both light and heavy oils efficiently – can be implemented to almost any workboat, starting with vessels only six meters long.

Seattle to Host Spill Preparedness Conference

The U.S. Coast Guard and Washington Department of Ecology will host a spill preparedness conference May 20-21 at the Jackson Federal Building in Seattle.   The

FMC Honors Crowley for Green Initiatives

Crowley Maritime Corp. has been honored with the 2015 Federal Maritime Commission (FMC) Chairman’s Earth Day Award in recognition of the organization’s companywide

Eni CEO Drafts in Former Boss to Pave Way for Saipem Sale

Stefano Cao has been brought back by Eni to turn around the oil service subsidiary Saipem that he spent nearly 25 years working for and prepare it for a sale, according

Dow Profit Rises 45 pct as Margins Expand

Dow Chemical Co's quarterly profit jumped 45 percent, helped by higher margins in five of its six units. Net income available to shareholders rose to $1.39 billion, or $1.

Abu Dhabi to Invest $25 Billion Offshore to 2020

 Abu Dhabi National Oil Company (ADNOC) plans to invest around US$25bn over the next five years in a bid to boost oil production from offshore fields.   The investment

ConocoPhillips Updates Angola, GoMexico Ops

ConocoPhillips has struck out with two exploration wells, one offshore Angola and the other in the Gulf of Mexico, the company announced Wednesday.    According to ConocoPhillips,

XPD8 Wins Contract with Tullow Oil in Ghana

Asset integrity management specialist, XPD8 Solutions, has secured a $564,000 contract for work in West Africa with Tullow Oil.   Over six-months, the Aberdeen-headquartered

Lloyd’s Register Issues Emissions Guidance

With key dates looming - 2016 NOx compliance and a 2018 review of fuel availability ahead of a global cap for SOx emissions, LR’s new guidelines and updated technical

Post Panamax Car Carrier Enters Operation for WWL

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

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