Fuels & Lubes

Exxon Refinery Piles Pain on European Plants

ExxonMobil is pouring $1 billion into modernizing a European refinery just as others are fleeing the sector, making life even more difficult for older plants struggling to stay afloat.

Repsol Profit Tops Forecasts on Refining Strength

Adjusted Q2 net profit 390 mln eur versus 296 mln forecast; refining margins up 19.2 percent, output down 5.8 pct. Shares up 1.8 percent, in line with market. Cash-rich

Beijing: New Industry Limits will cut Smog

China's overgrown and smog-hit capital Beijing has passed new rules banning the expansion of polluting and resource-intensive industries, the local government said on Friday.

Polish LNG Terminal Consortium Needs More Money

The consortium building Poland's first liquefied natural gas (LNG) terminal is in talks to increase the amount it is being paid, but there is no risk to the completion of the project,

Danish Bunker Trader Joins GAC in London

GAC Bunker Fuels says it has appointed former GAC Denmark Shipping Assistant Ida Ryberg as a Bunker Trader with its UK team. Ryberg joins Andy Boichat and Resham

Nation’s Vessel Operators Join EPA as SmartWay Affiliate

The American Waterways Operators, a 350-member trade association representing the U.S. tugboat, towboat and barge industry, announced today that it joined the SmartWay Transport Partnership,

Phillips 66 Marine Fueling Facility Nears Completion

Phillips 66’s previously announced marine over-the-water fueling facility at its Richmond, Calif. terminal is nearing completion. The facility, located on Canal Boulevard, and known as Pier No.

ABS, MPA to Collaborate on Maritime R&D

ABS and the Maritime and Port Authority of Singapore (MPA) signed a memorandum of understanding (MOU) today to promote maritime research and development (R&D) and innovation.

EU's Planned Sanctions Against Russia to Hit South Stream, Yamal LNG

South Stream pipeline, Yamal LNG rely on western technology EU proposes to target sensitive technologies in energy sector Pipelines, wells, drilling

Wilhelmsen Secures Inert Gas System Orders

Breakthrough order in Japanese shipbuilding market sees largest ever capacity Maritime Protection IG units delivered for leading domestic owners. Wilhelmsen

BNSF Train Carrying Oil Derails in Seattle

A Burlington Northern Santa Fe train carrying crude oil derailed in Seattle on Thursday, but there were no immediate reports of a spill or injury, according to local television stations.

New Crewboat Design for Offshore O&G Market

Upgraded crewboat design employs carbon-reinforced composite materials and is lighter, faster and more fuel-efficient than alternatives. Marine Oil Transportation

Pemex Restarts Units at Madero Refinery

Mexican state oil giant Pemex said on Thursday it was in the process of restarting halted units at its Ciudad Madero refinery in northern Mexico after extinguishing

Southern Hopes to Build More US Nuclear Reactors

Southern Co, one of the biggest U.S. power companies, said it hopes to announce plans by the end of the year to build more nuclear power reactors, a spokesman said late Wednesday.

UK's North Morecambe Gas Terminal Back On Line

Britain's North Morecambe natural gas sub-terminal has returned to service after an outage, operator Centrica said on Thursday. The terminal went off line on

China's coal industry says times are hard, outlook worse

More than 70 percent of China's coal firms are making losses, the head of the coal industry association said on Thursday, with prices eroded by falling demand growth,

Strike Paralyzes Neuquen Oil & Gas Output

An oil workers' strike is paralyzing production of oil and natural gas in the Argentine province of Neuquen, an energy sector source told Reuters on Thursday. Argentina's

Vitol, Carlyle's Varo Energy buy Total Swiss Diesel

Vitol and the Carlyle Group's joint-venture Varo Energy has bought French oil company Total's Swiss diesel and heating oil storage and distribution businesses, the company said on Thursday.

Husky Energy Profit Rises on Increased Production

Husky Energy Inc, Canada's No.3 integrated oil company, reported a 4 percent increase in second-quarter earnings, helped by an 8 percent rise in production. Net

Noble Energy's Net Income Almost Halved

Oil and natural gas producer Noble Energy Inc's net income nearly halved due to a $187 million loss on commodity derivatives. Net income fell to $192 million,

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