Fuels & Lubes
MAN Cryo, MAN Diesel & Turbo’s marine-LNG fuel-gas-system manufacturer, has signed a contract with the Vard Shipyard Group in Norway to deliver a fuel-gas supply system (FGSS) to two ferries for shipowner and ferry operator Torghatten Nord. Each ferry will be equipped with a gas-electric, hybrid-propulsion
Belgium has become the 112th State to accede to International Maritime Organization (IMO)'s International Convention on Oil Pollution Preparedness, Response and Co-operation (OPRC). The treaty establishes measures for dealing with pollution incidents, either nationally or in cooperation with other countries.
IMO 2020 sulfur cap: lube producers take a pragmatic approach There has been little reaction by way of statements or position papers from marine fuel lubricant manufacturers to the IMO MEPC70 proposals for a global fuel sulfur content cap of 0.5 percent by 2020 but they are fully aware of the implications
Wärtsilä is to supply the engines and other propulsion machinery for a new offshore construction vessel being built at the Cosco shipyard in China. The ship owner is Belgian operator Dredging International (DEME). This will be the first vessel of its kind to be fueled by liquefied natural gas (LNG) and in addition to the dual-fuel engines,
Pipeline operator Williams Partners LP said it would sell its stake in a unit that owns 88.46 percent of an olefins plant in Louisiana to Nova Chemicals for $2.1 billion cash. Williams Partners said its units would enter into long-term supply and transportation agreements with Nova after the deal closes, the company said on Monday.
The oil giant British Petroleum (BP) oil and gas well on Alaska’s Northern Slope that blew out on Friday continues to spill crude oil and gas uncontrollably. There have been no injuries or reports of damage to wildlife, but crews trying to secure the well have failed amid frigid winds gusting to 38 miles an hour.
Singapore LNG Corporation Pte Ltd (SLNG) and Maritime and Port Authority of Singapore (MPA) jointly launched the nation’s first Liquefied Natural Gas (LNG) Truck Loading Facility during a ceremony held on 12 April 2017, at the SLNG Terminal. The launch, which was officiated by Chief Executive Officer of SLNG,
About a dozen tankers are sailing to Venezuela or waiting offshore to discharge cargoes after state-run oil company PDVSA ramped up tenders to buy gasoline and other fuels to offset its weak refining output, according to traders and Thomson Reuters data. Petroleos de Venezuela SA (PDVSA) recently awarded BP ,
U.S. crude stocks fell unexpectedly last week, the Energy Information Administration said on Wednesday, while gasoline and distillate inventories also declined in a report that analysts said should be supportive for prices. Crude inventories fell by 2.2 million barrels in the week to April 7, compared
The Government of Canada recognizes the critical role of international cooperation on energy, as it impacts economic and social development, innovation, safety and security, environmental protection, and climate change. Canada's Minister of Natural Resources, the Honourable Jim Carr, reinforced the Government's commitment to advancing lasting,
Hedge funds have turned bullish towards crude oil again as international marker prices have steadied above the psychologically important $50 threshold. Hedge funds and other money managers increased their net long position in the three main Brent and WTI futures and options contracts by 54 million barrels in the week to April 4.
U.S. coal producers can look forward to an increase in production and jobs during 2017/18 as the industry recovers from the depression of 2015/16. The medium-term outlook remains challenging but some of the short-term problems that tipped the industry into crisis over the last two years are abating.
Hyundai Heavy Industries (HHI) have signed a joint development project (JDP) to commence an approval in principal (AiP) for a barge mounted power plant, Hi-Floating Power. Hi-Floating Poweris HHI’s floating power plant solution capable of generating maximum power of 221MW by running 13 units of HiMSEN dual fuel engines,
California lawmakers on Thursday approved legislation to increase gasoline taxes and other transportation-related fees for the first time in decades, to fund an ambitious $52 billion plan to repair the state's sagging infrastructure. The legislation heads to the desk of Democratic Governor Jerry Brown,