Fuels & Lubes

CNOOC Acquires Asia's 1st LNG Powered Tug

  China National Offshore Oil Corporation (CNOOC) has taken delivery of Asia’s first tugboat Hai Yang Shi You 525, designed to operate solely on liquefied natural gas as ship’s fuel.

Litgas, Statoil JV to Develop Baltic Sea LNG

 Natural gas supply and trading company Litgas, part of Lithuania's state owned energy holding Lietuvos Energija, and Statoil, leading global energy company in oil and gas production,

Port Gothenburg Offering LNG

 Ships running on liquefied natural gas (LNG) are going to be able to bunker at the Port of Gothenburg, as new regulations for LNG bunkering have been introduced

Thousands Evacuated After Freight Train Derails, Catches Fire

A freight train carrying flammable and toxic gas derailed and caught fire in Blount County, Tennessee, on Thursday, prompting the evacuation of more than 5,000 people,

BP Settles 2010 U.S. Oil Spill Claims for $18.7 bln

BP Plc  has reached a comprehensive $18.7 billion settlement with the U.S. government and five states, a landmark deal that effectively ends years of litigation

Azeri SOCAR's First-half Oil Shipments via Russia Up

Azerbaijan's SOCAR shipped 678,046 tonnes of oil via Russia in the first half of 2015, up from 508,222 tonnes in the same period last year, the state energy company said on Thursday.

California Zero Emissions Push Could Edge Out Natural Gas

Fifteen years ago, California led the way to cleaner transit buses with strict tailpipe emissions standards that effectively ushered out diesel as the primary fuel

Ukraine: We Can Survive Without Russian Gas

Ukraine expects to store enough natural gas for next winter despite cutting off imports from Russia and Russian flows crossing the country destined for Europe will not be disrupted,

Statoil, Lithuania Developing Baltic LNG Business

Norway's Statoil and Lithuania's Lietuvos Energija plan to join forces to develop a small-scale liquefied natural gas (LNG) supply operation, competing with Finnish gas utility Gasum.

Another Former Petrobras Exec Arrested

Brazilian police have arrested Jorge Zelada, former head of Petrobras' international division, as part of an ongoing investigation into bribery and corruption at the state-run oil producer,

China's Diesel Exports Could Rebound: Russell

One of the little mysteries this year in Asian oil markets has been the drop in China's diesel exports. Customs data show that China exported 1.303 million tonnes

Hapag-Lloyd's New Noses Lower Emissions

Hamburg based shipping company Hapag-Lloyd plans for 24 of the largest containerships in its fleet to get new bulbous bows by 2016, with some of the vessels also

Dan-Bunkering Names US Managing Director

Dan-Bunkering (America) Inc. has announced that as of July 1, 2015, Mikkel Søholm Vestergaard has been appointed Managing Director with the company’s office in Houston.

Uganda Shortlists 17 firms for Bidding on Exploration Blocks

The Ugandan government said on Wednesday it had shortlisted 17 oil companies to bid for six exploration blocks in the east African nation, which has found commercial

U.S. Oil Stockpiles Rise for First Time Since April

U.S. crude stocks rose last week for the first time since April, while gasoline stocks decreased and distillate inventories increased, data from the Energy Information

First ME-LGI Engine Test Deemed a Success

Mitsui tests first commercial model on HFO and methanol   MAN Diesel & Turbo licensee Mitsui Engineering & Shipbuilding Co., Ltd. (MES) recently demonstrated

Turkey Sees Gas Price Deal with Gazprom in Two Weeks

Turkey and Russia's Gazprom are likely to finalise a deal on natural gas prices by mid-July, Turkish officials told Reuters, after Ankara warned last week it could

Bahri to Buy Five More Oil Tankers from Hyundai Heavy

National Shipping Company of Saudi Arabia (Bahri) has signed a deal to buy a further five very large crude tankers from ship builder Hyundai Heavy Industries, the

IRClass Offers EEDI Validation Service

IRClass (Indian Register of Shipping) has recently included Energy Efficiency Design Index (EEDI) validation to its service offerings. This is in response to the

A/S Trumf Bunker Joins KPI Bridge Oil Group

KPI Bridge Oil, a global broker and trader in marine bunkers, marine lubricants and risk management products, has announced the take over of A/S Trumf Bunker. A/S

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