Fuels & Lubes

U.S. Submits Formal Plan for Paris Climate Talks

The United States on Tuesday formally submitted its climate change strategy to the United Nations, outlining domestic measures it is taking to achieve up to a 28

Russia's Gazprom Neft Board Proposes Dividend

Russia's Gazprom Neft , the oil arm of oil producer Gazprom , said on Tuesday its board has recommended to pay out a total of 6.47 roubles per share in dividends on 2014 financial results.

Shipbuilding: Mitsui Delivers Bulk Carrier

Mitsui Engineering & Shipbuilding Co., Ltd. (MES) completed and delivered a 56,000 dwt type bulk carrier M.V. Desert Osprey (MES Hull No. 1862) at its Chiba Works

Reliance Signs Production Sharing Pact for Offshore Blocks

Indian oil and gas major Reliance Industries said on Tuesday it had signed an agreement with Myanmar for a production sharing contract for two offshore blocks. Reliance

OPEC Output Highest Since October

OPEC oil supply has jumped in March to its highest since October as Iraq's exports rebounded after bad weather and Saudi Arabia pumped at close to record rates,

Palfinger Chooses NAMJet Waterjets

Netherlands-based Palfinger Boats has launched the first of two Damen-designed FRSQ 1200 fast-rescue/oil response vessels.   Built in Harderwijk, Netherlands,

Thatcher's Secret Weapon in Miners' Strike Shuts, Ending an Era

Littlebrook power station, which towers grimly over the lower Thames near Dartford in Kent, ceases operations today after almost 35 years, the last of Britain's big oil-fired power plants to close.

Green Investments Up After Two-Year Decline

Renewables investment last year up nearly 17 pct to $270 bln. Global green energy investment surged in 2014, after two years of decline, due to a solar boom

One Million Green Jobs Projected by 2030

Nearly one million new "green jobs" are expected to be created in China, the United States and the European Union by 2030 if the regions stick to their current pledges to curb global warming,

German CO2 Emissions Drop in 2014

Emissions in 2014 down 4.3 pct year on year. Fall due to mild winter, expansion of renewables. Germany's greenhouse gas emissions fell for the first time in three years in 2014,

Oil Near $55 as Iran Nuclear Talks Intensify

Iran negotiations in Lausanne enter last 24 hours. A nuclear deal could see Iran increase oil exports. Brent crude oil dropped towards $55 a barrel on Tuesday

Methanol Powered Ferry Launched in Baltic Sea

Swedish ferry operator Stena Line has announced that it has converted the Stena Germanica to run on methanol, an industry first.   The company spent $24 million on converting the ship to methanol.

MAN Demonstrates Two-Stroke Methanol Engine Concept

MAN Diesel & Turbo successfully demonstrated its ME-LGI concept engine in front of customers and partners at its Diesel Research Center in Copenhagen on March 17th, the company announced today.

MARIN, Cruden, Tree C Technology Forge Small Ship Simulator

Severe vibrations and shocks of up to 9G over an average of 1000 hours per year. That’s what instructors of fast small ships such as the Fast Raiding, Interception

Becker Marine at Electric & Hybrid Marine Expo

Becker Marine Systems product presentation at the dutch Electric & Hybrid Marine World Expo will put a strong focus on environmentally-friendly technology for the

Cash Reserves Up 80% at Russia's Surgut

The cash reserves at Russia's third-largest oil producer Surgutneftegaz have swelled 80 percent to 1.8 trillion roubles ($31.2 billion), company data and Reuters calculations showed on Monday.

UK Oil & Gas Reform: Is the Plan Sufficient?

With North Sea producers reeling with the impact of the oil price collapse and jobs and spend being slashed, on March 18th the UK Chancellor of the Exchequer announced tax cuts.

India Rejects BP's Jet Fuel Play

India has rejected a request from BP Plc to be allowed to sell jet fuel to the booming aviation market in Asia's No. 3 economy, saying it did not meet the conditions necessary,

Australia's LNG Boom's Domestic Impact

It's somewhat ironic that as Australia ramps up to being the world's biggest exporter of liquefied natural gas (LNG), domestic industries are under threat from not being able to source the fuel.

Chevron Sells Caltex Australia Stake

Chevron Corporation’s wholly owned subsidiary Chevron Global Energy Inc. today announced that it has entered into an underwriting agreement for the sale of its

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