Fuels & Lubes

Italian Shipbuilder Pleads Guilty to Environmental Crimes

An Italian shipping firm based in Genoa, Italy, pleaded guilty to violating the Act to Prevent Pollution from Ships by falsifying required ships’ documents to hide

K Line to Expand Use of Eco-efficiency Software

Three further K Line vessels to install ClassNK-NAPA GREEN eco-efficiency software after reporting fuel savings during trials on an 8,600 TEU container vessel   NAPA

Kemp: Clausewitz and Oil Prices

"If we consider the actual basis of this (intelligence), how unreliable and transient it is, we soon realise that war is a flimsy structure that can easily collapse and bury us in its ruins.

Brazil Congress' Petrobras Probe Urges Charges Against 52 People

A Brazilian congressional investigative committee issued its final report on alleged corruption at state-run oil company Petroleo Brasileiro SA on Thursday with

Denmark Arrests Former OW Bunker Manager Wanted for Fraud in Italy

Denmark has arrested a former manager of collapsed ship fuel supplier OW Bunker and intends to hand him to Italy, where he is suspected of fraud, the Danish public prosecutor said on Thursday.

Bulker Chief Engineer Convicted of Environmental Crimes

A chief engineer from the M/V Trident Navigator was convicted by a federal jury in New Orleans late yesterday after a week-long trial, of knowingly falsifying the

Saudis: OPEC Can't Cut Pricing Without Help

Saudi Arabia's powerful oil minister said on Thursday that OPEC could not cut output without the support of other big producers and attempts to get them on board had not worked.

S.Korea: No Arrest of KOGAS CEO

A South Korean district court said on Thursday it had rejected an arrest warrant application against the president and chief executive of Korea Gas Corp (KOGAS), Jang Seok-hyo.

Thermal Coal Futures Steady at 7-yr Low

Russian rouble down around 45 pct this year; China unlikely to become coal exporter after tariff cut. Thermal coal futures prices steadied on Thursday, having

Slashed Energy CapEx Pumps Brent Pricing

More companies cut upstream investments around world; strong U.S. production continues to drag on prices. Brent crude jumped 3 percent to above $63 a barrel on Thursday,

Central Banks React Differently to Oil Drop

The world's major central banks are scrambling to work through the implications of the near halving of the price of oil in the second half of 2014, and they are

EU Bans Crimea Investment, Targets Oil, Cruise Sectors

Measures take effect on Saturday; aim is to keep pressure on Russia over Ukraine. The European Union banned investment in Crimea on Thursday, halting European

New Gas Plant Could Save Ghana $300m on Fuel Costs

Ghana has begun processing gas from its offshore Jubilee oil field through a pipeline project that could save the government $300 million a year on fuel costs even

Linde, Sandia Look to Expand Hydrogen Fueling Network

Sandia National Laboratories and Linde LLC have signed an umbrella Cooperative Research & Development Agreement (CRADA) that is expected to accelerate the development

Glander International Bunkering Boosts Brazil Presence

Glander International Bunkering's (GIB) Brazil office has enhanced its presence with increased employee numbers and a new location. As of December 17, 2014, Glander

U.S. Crude Inventories Fall in Week

U.S. crude stocks fell less than expected last week, while gasoline stocks increased and distillate inventories declined, data from the Energy Information Administration showed on Wednesday.

World Market Shockwaves From Oil Price Epicentre

The financial turmoil engulfing Russia is a symptom of a wider world markets quake that has its epicentre in oil's collapse and Western disinflation but is now

INTERTANKO Launches ECA Bunker Surcharge Clauses

INTERTANKO’s documentary committee has launched bunker surcharge clauses for Emission Control Areas (ECA).   Rising bunker prices due to rising oil prices and

Petrobras CEO: C-Suite Managers May Have to Resign

Senior management at Brazil's state-run oil company Petroleo Brasileiro SA may have to resign to avoid further delays of the company's audited third-quarter earnings report,

WCI Applauds Barge Diesel Fuel User Fee Increase

Waterways Council, Inc. (WCI) and its members and stakeholders applauded the Senate’s passage, by a vote of 76 to16, of a 9-cent increase to the barge diesel fuel user fee.

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