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Fuels & Lubes

PDVSA Says Cardon Refinery Cracker Working Normally

The catalytic cracking unit at Venezuela's 310,000-barrel-per-day (bpd) Cardon refinery is working normally after reduced functioning at the weekend, state oil company PDVSA said on Wednesday.   A union leader and refinery worker earlier said the unit was shut at the weekend because PDVSA had not

Nipco Launches $16 mln Offer for Mobil Oil Shares

Nipco Plc has launched a 4.84 billion naira ($16 mln) offer for the shares it needs to take its stake in Mobil Oil to 70 percent to comply with Nigerian takeover rules, its advisers said on Wednesday. Nipco's investment subsidiary bought 60 percent of Mobil Oil Nigeria from Exxon Mobil Corp. in October, when the U.

Wells Fargo Calls $100 Oil a 'Pipe Dream'

Image: Organization of the Petroleum Exporting Countries

 USD 100 per barrel oil  is but a “pipe dream,” Wells Fargo said in a new investor note, reports MarketWatch.   The report quoted Wells Fargo’s John LaForge saying that he’s doesn’t expect oil prices to climb anywhere near $100 a barrel over the next few years.   Barrels price will bounce between $30 and $60 in the coming years,

CEFC Bags Bunker Licence for Zhoushan Free Trade Zone, China

Image: CEFC China Energy Company Limited

 CEFC China Energy was awarded a licence by Zhoushan Free Trade Zone for supply  marine bunker fuel off the east coast of China to vessels on international voyages, reports Reuters.   The report quoted two CEFC officials saying that the license is to supply bunker fuel from bonded storage to vessels that call at the Zhoushan area.

Oil Plus Announces Senior Management Appointments

Photo: Peter Sanders and Clarke Shepherd have taken on the respective roles of technical manager and global business development director at Oil Plus.

Oil Plus Ltd, a specialist oil and gas consultancy, has boosted its senior management team as the company looks to strengthen and grow its position in the Middle East and globally.   Peter Sanders and Clarke Shepherd have taken on the respective roles of technical manager and global business development

Statoil Aims To Triple Production in Brazil By 2030

Photo: Statoil

 Norwegian integrated energy player Statoil ASA intends to more than triple its oil and gas production in Brazil by 2030, reports Reuters.   Statoil has also approved the Peregrino phase 2 development, which is expected to add 250 million barrels of reserves at a break-even price of below $45 a barrel,

Ship-to-ship LNG Bunkering Starts in Port of Zeebrugge

First LNG ship-to-ship operation in the port of Zeebrugge (Photo: Port of Zeebrugge)

The bunkering vessel ENGIE Zeebrugge performed in the port of Zeebrugge, Belgium, its first deliveries of liquefied natural gas (LNG) as a marine fuel to M/V Auto Eco and M/V Auto Energy, the two new gas-propelled pure car and truck carriers (PCTCs) of UECC. The LNG bunkering operations were conducted

Small Scale LNG Market to Grow at 2.5% to 2022

Photo: Engie SA

 The Global Small Scale LNG Market is expected to grow over the CAGR of around 2.5% during the period 2014 to 2022, says a report by Market Research Future.   The growth of the Small Scale LNG Market is majorly driven by increased demand for energy in the Asia-Pacific region. The government initiatives that focus on providing cleaner fuel,

Qatar Petroleum, Shell Sign LNG Bunkering Agreement

Qatar Petroleum and Shell signed a framework agreement to develop global LNG bunkering facilities on Tuesday, Qatar Petroleum said.   "We view LNG bunkering as a promising opportunity for LNG to further grow as a clean energy source," Qatar Petroleum CEO Saad Sherida Al-Kaabi was quoted as saying.

Sinochem, Seagull Enter Training Collaboration

Picture provided by Sinochem Shanghai (Shanghai Huaxing)

Sinochem Shipping Co.Ltd. has signed a long-term agreement with Seagull Maritime to deliver earning on board its entire fleet of chemical tankers. Sinochem will start with a selected library of e-learning modules and reflective learning films for their fleet, several of which will be delivered with Chinese translation and subtitles.

Oil Spill Training Exercise in West Africa

Photo: International Maritime Organization (IMO)

 A tanker collides with an unknown ship off the Ivorian coast, causing a major oil spill. This was the scenario of an oil spill training exercise that took place in Abidjan and Assinie, Côte d’Ivoire (8-9 June).    The deployment exercise involved more than 100 participants from various public institutions and the private sector,

Monroe Energy Says BP Violated Its Contract

BP PLC violated its supply contract when it sold oil to refiner Monroe Energy that was a blend of lower-valued Texas crude with premium varieties, Monroe alleged in a federal court filing last week.   Monroe Energy, a subsidiary of Delta Air Lines that owns a 185,000 barrel-per-day refinery outside of Philadelphia,

Alfa Laval: New Test Facilities, New Technologies

Gas operations commence at the newly expanded Alfa Laval Test & Training Center in Aalborg, Denmark. (Photo: Alfa Laval)

Heat transfer, separation and fluid handling technology specialist, Alfa Laval, has expanded its Test & Training Center in Aalborg, Denmark with a new gas testing facility. At the same time it continues developing new technologies in the areas of ballast water treatment, sulfur oxide emission control,

ABS Expands Greek Presence

Photo: ABS

Classification society ABS unveiled its Global Ship Systems Center and announced the formation of its Hellenic Technical Committee in Athens.   “This cutting-edge facility brings together industry-recognized technical leaders to support clients throughout the entire lifecycle of their assets,” said ABS Chairman, President and CEO Christopher J.

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