Fuels & Lubes
Crude oil prices settled up more than 2 percent on Monday, bolstered by a rally in U.S. gasoline and Russia's willingness to meet other major oil producers to discuss the market.
The U.S. Department of Transportation’s Maritime Administration (MARAD) announced it will provide more than $1 million to support the development of two new emission-reducing maritime solutions.
Canadian Oil Sands is set to reject a hostile takeover bid from rival Suncor Energy, according to a source who is familiar with the situation.
The source, who
Canada's oil-producing province of Alberta, which has been hammered by falling crude prices, will table its next budget on Oct. 27, Alberta Finance Minister Joe Ceci said on Monday.
The president of Venezuela's state oil company said on Monday crude was circulating at the 955,000-barrel-per-day Paraguana Refinery Center (CRP) and that key processing
Press release - Becker Marine Systems and KOTUG signed a Memorandum of Understanding to launch a LNG Hybrid Barge in the Port of Rotterdam with effect from June 2017.
The U.S. Justice Department on Monday said it settled its claims against oil company BP PLC for more than $20 billion.
The 2010 rig explosion on April 20, 2010,
Libya's oil production has dropped to 300,000 barrels per day, less than a quarter of what it produced before the 2011 fall of Muammar Gaddafi, mostly because of insecurity and closed pipelines,
Russia's second-largest oil producer Lukoil said on Monday it had raised $250 million of financing for a period of five years from Alfa Bank, one of the country's largest private lenders.
Suncor Energy chief executive Steve Williams said on Monday he expected Imperial Oil would continue to run the Syncrude joint venture oil sands project even if
Investors cut their bets last week that the price of Brent crude oil will rise, according to data on Monday from the InterContinental Exchange (ICE).
Oil rose on Monday after Russia said it was ready to meet other producers to discuss the market, where prices have more than halved from last year's highs due to a supply glut.
Saudi Arabia's decision to lower prices for oil loading in November shows that the battle for market share in an over-supplied Asian crude market is far from over.
Suncor Energy Inc launched a hostile bid for Canadian Oil Sands Ltd as the slump in oil prices encourages consolidation in Canada's oil sands industry, which has
The Philippine unit of Royal Dutch Shell Plc said on Monday it was looking to launch a long-delayed initial public offering sometime next year, and may sell even
ExxonMobil has sold 2016 supplies of Upper Zakum crude to at least one buyer via a tender at a slightly higher premium than a year ago, trade sources said on Monday.
Britain's Rolls-Royce said it would cut an additional 400 staff from its marine business by the end of next year, its latest move to make the unit more efficient
Russian oil pipeline monopoly Transneft has resumed oil loadings from the Russian Pacific port of Kozmino after a storm, Interfax news agency quoted the company's spokesman as saying on Monday.
Classification societies are changing their monitoring rules for seawater-lubricated propeller shafts in line with the rules governing the inspection and withdrawal
MARAD provides funding to further study LNG as marine fuel for containerships
The U.S. Maritime Administration (MARAD) announced it has entered a $900,000 cooperative