Fuels & Lubes
Austrian oil group OMV said on Friday that it is putting its Turkish subsidiary Petrol Ofisi up for sale as part of its strategy to dispose of non-core assets.
Harvey Gulf announced the opening of the first marine LNG fueling terminal in North America.
Less than a year after the delivery of the M/V Harvey Energy, America’s first LNG-powered vessel,
The number of new exploration wells to be drilled in the British part of the North Sea this year is set to fall to the lowest since the hunt for oil and natural gas began there in the early 1970s,
The prospect that U.S. oil refiners might respond to rising stockpiles of refined fuels and weakening margins by cutting the amount of crude they process has roiled oil markets in recent days.
For the past six years, U.S. refiners from Texas to Philadelphia have bought every barrel of crude they can lay their hands on to cash in on a golden era of healthy margins.
Association appoints new board members and sets priorities for the future
The International Bunker Industry Association (IBIA) has appointed three new members
KPI Bridge Oil; a global trader and broker in marine fuels, marine lubricants and risk management products; has relocated bunker and lubricant trader Jenny Kofiani Tomacoglu to its Athens office.
Venezuela's massive 955,000-barrel-per-day (bpd) Paraguana refinery complex was operating at around 560,000 bpd, an oil workers' union leader and fierce critic
Britain will offer more flexible North Sea oil and gas licences in its next tender round, the head of Britain's oil regulator said on Thursday, a bid to make exploration
Some OPEC countries are trying to achieve a consensus among the group and key non-members for an oil production "freeze", sources familiar with the discussions say,
Total spurs European shutdowns; urges others to follow suit despite strong profits.
Refiners buoyed by cheap oil and fat margins face a return of tougher times due to stubborn overcapacity,
The U.S. Supreme Court's unexpected move to block President Barack Obama's policy to cut pollution from coal plants highlights what both sides in the legal fight
Hull performance monitoring solutions can offer significant fuel savings potential, a fact that is prompting growing interest from the maritime industry. To spur
Faced with record low prices for heavy crude, Canadian energy companies are sacrificing other parts of their business to keep higher-cost oil sands production
U.S. President Barack Obama's budget would raise $319 billion over 10 years from the phased introduction of an oil fee equivalent to $10.25 per barrel on crude oil,
Republican leaders in the House of Representatives on Wednesday dismissed U.S. President Barack Obama's proposed $10.25 per barrel tax on oil, saying the increase
Russia is running out of options to plug a yawning hole in its budget - and steps unthinkable before oil prices began to plunge 20 months ago are now being considered.
GTT signs a cooperation agreement with Daewoo Shipbuilding & Marine Engineering aiming at the industrialization of its NO96 Max technology
GTT, a designer of
A total of 16 new gas carrier ships being built in Japan for Japanese owners are to be powered by Wärtsilä dual-fuel engines capable of running on liquefied natural
Gas Connect Austria, the pipeline unit of Austrian energy group OMV, has drawn interest from several parties ahead of an auction that could value the asset at up to 750 million euros ($845 million),