China Considering New Tariffs on 128 US Products
China's commerce ministry said on Friday that it may impose additional tariffs on up to $3 billion of U.S. imports in response to U.S. tariffs on Chinese steel and aluminum products. The ministry said it was considering implementing measures in two stages: first, a 15 percent tariff on 120 products including steel pipes, dried fruit and wine, and later, a 25 percent tariff on pork and recycled aluminum. Below is a list of 128 U.S. 83 22043000 Grape juice other than that of heading item No.
GasLog Partners Acquires GasLog Gibraltar
GasLog Partners has agreed to acquire GasLog Gibraltar from GasLog (GLOG) for USD 207 million and to fully repay its USD 45 million unsecured term loan from GLOG. GasLog Partners and GasLog announced that they have approved entering into agreement: "For the Partnership to purchase from GasLog 100% of the shares in the entity that owns and charters GasLog Gibraltar. The Acquisition is expected to close in the second quarter of 2018 and is subject to satisfaction of certain customary closing conditions.
LNG Cargo from US Plant does U-turn for UK
The first liquefied natural gas (LNG) cargo exported from a new plant in the United States at Cove Point will arrive in Britain later this month as Asian spot LNG prices weaken relative to European benchmarks. The Gemmata tanker is expected to arrive at the UK's Dragon terminal on March 20, according to the local port authority at Milford Haven. As Asian spot LNG prices weakened, the tanker performed a U-turn in the middle of the Atlantic this week away from Asia and towards Europe, shipping data shows.
Hardy Takes Over as Vitol CEO
Ian Taylor, who helped build Vitol into the world's biggest oil trader, will step down as chief executive and continue as chairman, the company said on Friday, naming a long-time ally and insider, Russell Hardy, as the new group CEO. Taylor said two years ago he was battling cancer although he continued to travel the world, chasing deals from Africa to the United States and Australia while also working as chairman of the board of trustees for London's Royal Opera House. Hardy, who started his career at BP and traded fuel oil, was long seen as one of two front-runners to succeed Taylor alongside another Vitol veteran Chris Bake. Vitol said in a statement that Hardy joined the firm in 1993 and held a number of trading and management roles in Singapore and London.
Shell & Hyundai Open S. Korea Base Oil Plant
A joint venture company formed by Shell and Hyundai Oilbank, has inaugurated a new base oil manufacturing plant in Daesan, South Korea. The plant has the capacity to produce approximately 13,000 barrels per day or 650 kilotonnes of API Group II base oils per year. (Base oils are the key component of finished lubricants, making up on average of 60-80% of the end product). Mark Gainsborough, Executive Vice President for Shell Lubricants, said: “As the demand for higher quality lubricants is on the rise in Asia…
Shell Launches New Trunk Piston Engine Oils
Shell Marine has unveiled its next generation Shell Argina and Shell Gadinia trunk piston oils for the medium-speed engine market. As owners face pressures to shift toward cleaner fuels that address emissions regulations, Shell said demand for distillates and low-sulphur heavy fuel oil will only increase as shipping approaches a global fuel sulphur content cap of 0.5 percent, imposed by IMO from 2020. Already, dual-fuel engines are taking an increasing share of the medium speed market.
Shell Charter Named Asprella
A new 10,000-dwt product carrier specially built with a shallow draft was built at the Frisian Shipyard, Welgelegen in the Netherlands, and named Asprella. The double-hulled vessel, leased from Pritchard Gordon Tankers Ltd. and chartered by Shell, is purpose built for shallow draft trade, and will be employed by Shell for trade on South American Rivers for Shell's activities based in the Caribbean. "Asprella will enable Shell to continue developing its strenght in the niche product market for specailist vessels, thereby adding value to the bottom line," said Jeff Jarman, Shipping Portfolio Manager for Shell Trading, as quoted in the April edition of Shell's house magazine. Asprella was named by Elisabeth De Cuba, wife of John De Cuba, who was, until recently, G.M.
NCS Survey Wins Shell Rig Position Deal
NCS Survey, an Acteon company, won a rig positioning contract by Shell. The contract covers Shell’s four entities in Europe; Shell UK Ltd, Nederlandse Aardolie Maatschappij BV, A/S Norske Shell and Shell E&P Ireland Ltd. The contract is for three years with two one-year extension options. This is the second time that NCS Survey has been awarded such a contract by Shell, first one being in December 2006 less than 18 months after the company was incorporated. Andy Gray, NCS Survey president, said, “We are delighted that Shell has selected NCS Survey to provide the positioning services on board its rigs for the next few years.
EPA Fines Shell for Clean Air Act Permit Violations during Offshore Oil Exploration in Alaska
The U.S. Environmental Protection Agency announced settlements with Shell Gulf of Mexico, Inc. and Shell Offshore, Inc. for violations of their Clean Air Act permits for arctic oil and gas exploration drilling in the Chukchi and Beaufort Seas, off the North Slope of Alaska. Based on EPA’s inspections and Shell’s excess emission reports, EPA documented numerous air permit violations for Shell’s Discoverer and Kulluk drill ship fleets, during the approximately two months the vessels operated during the 2012 drilling season. Shell has agreed to pay a $710,000 penalty for violations of the Discoverer air permit and a $390,000 penalty for violations of the Kulluk air permit. EPA issued the Clean Air Act Outer Continental Shelf permits for Shell’s operations in early 2012.
Shell Marine Launches New Cylinder Oil
Shell Marine has launched a new two-stroke engine cylinder oil, Shell Alexia 140, now available from the ports of Rotterdam, Bremerhaven, Hamburg, Antwerp, Tanjung Pelepas, Busan and Salalah. The launch follows receipt of a No Objection Letter (NOL) for commercial use of Shell Alexia 140 from MAN Diesel & Turbo and coincides with Shell Alexia 140’s acceptance into full scale operations by two major customers. In September 2016, Shell Marine disclosed Alexia 140’s selection as the first test oil for ‘ACOM’ - MAN Diesel & Turbo’s Automated Cylinder Oil Mixing process.
More Operators Relying on Oil Condition Monitoring -Shell
As of April 2016, Shell Marine Products (SMP) has analyzed more than 50,000 cylinder drain oils samples via its Shell Rapid Lubricants Analysis (RLA) oil condition monitoring service. By identifying potential oil or equipment issues before they become critical, many shipping companies use Shell RLA as part of their planned maintenance regime. Shell RLA helps to deliver greater equipment reliability and reduced downtime. Shell said this service has grown rapidly in recent years…
Organizational Changes at Shell
and Production Africa Limited (SEPA) and Shell Nigeria Exploration and Production Company Limited (SNEPCO) (together hereinafter referred to as "Shell") announced the intent to improve efficiency and reduce costs, taking advantage of synergies between companies and eliminating duplication, under a project called 'One Shell'. Under One Shell, there will, for example, be one Production organization, one Development organization, one Projects organization, in addition to the sharing of support services. SEPA, SPDC and SNEPCO will continue to discharge all of their respective corporate and contractual obligations as fully functioning separate legal entities. Management of the business affairs of the companies will remain vested in their respective Boards.
Qatargas to Supply LNG to Shell
Qatargas and Shell have signed a memorandum of understanding (MOU) that will lead to the two companies jointly researching liquefied natural gas (LNG) logistics. Through this joint logistics research collaboration, Qatargas and Shell aim to develop new ways to optimize supply chains to deliver to LNG global markets. The research will be conducted at the Qatar Shell Research & Technology Centre at the Qatar Science & Technology Park. The MOU was signed by Faisal Al Suwaidi, Chairman and Chief Executive Officer of Qatargas Operating Company…
iSURVEY Bags rig positioning, surveying contract with Shell
iSURVEY has secured a non exclusive call-off contract with Shell UK Ltd, Shell NAM, Norske Shell and Shell E&P Ireland for the provision of rig positioning and surveying services. With an effective date of 1 January 2017, the three year contract, which has the option of up to two, one year extensions, will see iSURVEY provide non exclusive rig and surface positioning services, subsurface positioning and dimensional control and platform surveys to Shell’s mobile offshore drilling units.
Subsea Umbilical Frame Agreement
Aker Solutions has signed a frame agreement with Shell Norway and Shell U.K. Limited for the supply of subsea umbilicals. The contract is awarded for one year with an option to extend it an additional 12 months. The award means that Aker Solutions will be the preferred supplier of steel tube umbilicals for projects in the North Sea that are managed by Shell's Norwegian and UK operations. Aker Solutions has held similar frame agreements with Shell UK since 2001. "We have delivered several well-functioning umbilical systems to Shell already. We are therefore in a position where we can look at re-using previous solutions. This can both reduce risk and speed up delivery time…
Shell Developing U.S. LNG Fueling Network
Shell and TravelCenters of America LLC (TA) to develop network of (LNG) fueling centers for road users; alongside that Shell is developing a marine bunkering infrastructure. Shell has been working to develop the LNG for Transport market globally. Last year, they announced their intention to collaborate with TA and the finalization of that agreement is a major step toward making LNG fuels a reality for the U.S. heavy duty road customers. Shell has also announced that it will invest in two small-scale LNG production units that form the basis of two new LNG transport corridors in the Great Lakes and Gulf Coast regions that will provide LNG to marine and heavy duty road customers. This brings the total to three planned Shell LNG production units dedicated to transport in North America.
NOIA Congratulates Shell
“Today we congratulate Shell on the completion of a successful and historic drilling season offshore Alaska. This is an important achievement for Shell, for the offshore industry and for the nation. Shell conducted the first drilling we’ve seen in offshore Alaska in decades; and in two sites simultaneously. With all the necessary permits in hand, Shell drilled preparatory wells in both the Beaufort and Chukchi Seas safely and responsibly. Shell’s perseverance and success in the region should be encouraging to our entire industry.
Shell Pay a Million to Settle Arctic EPA Violations
The U.S. Environmental Protection Agency has announced settlements with Shell Gulf of Mexico Inc. and Shell Offshore Inc. concerning numerous air permit violations by Shell's 'Discoverer' and 'Kulluk' drill ships during the 2012 Arctic drilling season. On September 5, 2013, EPA settled with Shell for violations of their Clean Air Act outer Continental Shelf permits for arctic oil and gas exploration drilling in the Chukchi and Beaufort Seas, off the North Slope of Alaska. Based on EPA's inspections and Shell's excess emission reports…
Shell Gets APD for limited Arctic Drilling
After extensive review and under a robust array of safety requirements, Bureau of Safety and Environmental Enforcement (BSEE) Director Brian Salerno today announced that Shell has received conditional approval of two Applications for Permits to Drill (APD) to conduct limited exploratory drilling activities in the Chukchi Sea offshore Alaska. Specifically, the APDs limit Shell to drilling only the top sections of wells and prohibit Shell from drilling into oil-bearing zones. Shell currently is not permitted to drill into oil-bearing zones because…
Shell Ready for ECA Challenges
Since the implementation of Emission Control Areas (ECAs) on January 1, 2015, ships entering waters in the Baltic Sea; the North Sea; the North American ECA, including most of the U.S. and Canadian coast, as well as the French overseas collectivities of St. Pierre and Miquelon; and the U.S. Caribbean ECA, including Puerto Rico and the US Virgin Islands Sea had to use fuels with up to 0.1% sulphur content. Shell Marine Products (SMP) was the first to introduce a complete line of ECA-approved marine lubricants in September 2014.
Shell Offers Complete Lubricant Lineup for ECA-bound Vessels
Today, Shell Marine Products (SMP) introduced Shell Alexia S3, its solution for large vessels with two-stroke engines entering into waters where the revised emission control area (ECA) regulations will come into force on January 1, 2015. Shell Alexia S3 will be available to customers from December 2014 in major ports across SMP’s network of more than 500 ports in more than 40 countries. SMP now offers a complete suite of lubricants for all types of engines. Shell Alexia S3 is the latest in SMP's Shell Alexia line of two-stroke engine oils…
Shell Geelong Refinery for Sale
Shell Australia announced its Geelong Refinery is for sale. The proposed sale of the 120 kb/d refinery is in line with Shell’s global strategy to concentrate investment on large scale sites, such as the company’s world scale Pulau Bukom refinery in Singapore. The announcement underpins Shell’s local strategy to grow its retail and bulk fuels business, along with terminals and pipelines. Shell recognizes that other parties, with a different portfolio, may have a different strategy and want to enter or expand in the Australian refining market.
Shell Launches Breakthrough Engine Oil
Shell today launched Shell Alexia S4, its most innovative marine engine oil in a generation. Unlike conventional cylinder oils, it can be used across a wide range of vessel and engine types, fuel specifications, loads and climates– from the Antarctic to the Amazon to the Suez Canal. This means vessels no longer need to carry multiple oils. Shell Alexia S4 also works effectively at any vessel speed, including slow and ultra slow– especially important to modern ships that have to vary speeds to reduce fuel consumption and meet strict timetables.