Fuels & Lubes

LNG America Selects Topside Designer for LNG Bunker Barge

LNG America has selected Taylor-Wharton to commence the front-end engineering and design work for the cryogenic topside of the company’s 3,000 cubic meter Gemini

Rising Wind Generation, Lower Demand

Forecasts for an increase in wind power output and lower demand sent central European day-ahead power prices lower on Thursday, traders said. On regional exchanges,

Rosneft to Restart Achinsk Refinery Aug. 25

Russia's largest oil producer, state-controlled Rosneft, will restart its Siberian Achinsk refinery on Aug. 25, two months after halting operations following a fire in June,

Gazprom: Ukraine's Gas Bill Tops $5 billion

Gazprom puts Ukraine's debt for gas supplies at $5.3 bln; Putin, Poroshenko to meet on Aug. 26 in Minsk. Russian natural gas exporter Gazprom said on Thursday

Platts Mulls Oil Benchmark Changes

Platts proposing FOB Straits benchmarks to replace FOB Singapore. New benchmarks aimed at storage growth in Malaysia, Indonesia; move could boost liquidity and lower storage costs.

Britain's First Power Capacity Auction Set for Dec. 16

Britain will hold its first auction for standby power capacity on Dec. 16, a model that will serve as a blueprint for other European countries planning to operate

Lithuania Inks First Statoil LNG Deal

Lithuania seeks to cut dependence on Russia; Statoil to supply 0.54 bcm of gas per year. This will cover about 20 pct of Lithuania's demand. Lithuania signed

Japan: Nuclear Power Price Guarantees Possible

Japan will consider guaranteeing prices for electricity generated by nuclear plants to help the country's struggling utilities, which have lost about $35 billion

Brent Drops Below US$102 on China Concerns

Brent slipped below $102 a barrel on Thursday, near a 14-month low hit earlier this week, as concerns over excess oil supply and slowing demand weighed on prices.

'Double Jeopardy – Trial by Media, Trial by Law' London Opening

BIMCO notes that the highly acclaimed "Double Jeopardy - trial by media, trial by law" first showcased at the BIMCO AGM in Dubai earlier this year is to be brought

Lincoln Electric Introduces New Models

Lincoln Electric introduces two new models in its industrial Vantage engine-driven welder series. The Vantage 600 SD and Air Vantage 600 SD are each equipped with

Doosan Delivers a ‘World’s First’ to NASSCO

Doosan Engine has confirmed delivery of the world’s first dual-fuel, low-speed ME-GI engine to the American National Steel and Shipbuilding Company (NASSCO) shipyard in San Diego, USA.

Saudi Aramco Invests $30 million in Siluria

The investment wing of the Saudi Arabian Oil Company has spearheaded a $30 million investment in San Francisco-based Siluria Technologies, a company that plans

Libya's NOC Chairman to Run Oil Ministry

Libya plans to appoint the chairman of state oil firm National Oil Corp (NOC) as new deputy oil minister to replace Omar Shakmak, a spokesman for NOC said on Wednesday.

Brent Crude Holds Near 14-month Low

Brent crude futures steadied near 14-month lows above $101 a barrel on Wednesday, with ample supplies putting prices at risk of further losses as worries over geopolitical tensions ease.

HK's COSCO International Reports Strong Profit Growth

For the  six months ended 30th June 2014, shipping services provider COSCO International has announced that its 2014 Interim Results show strong profit growth with Net Profit up 45% YOY.

Largest Commercial Oil Inventory Stock Build in 10-Years

NYC-based PIRA Energy Group reports that there was the largest 2Q stock build in the last 10 years. In the U.S., there was a modest U.S. stock build. Specifically,

Oil Spills into Ohio River from Coal Plant

The U.S. Coast Guard closed a 15-mile stretch of the Ohio River on Tuesday after at least five thousand gallons of fuel oil spilled from a 60-year-old power plant owned by Duke Energy near Cincinnati,

Norway to Award Oil Licenses in New Offshore Areas in 2016

Norway will award oil and gas licenses in new offshore areas, including in an important Arctic zone bordering Russia, in the first half of 2016, the oil and energy ministry said on Tuesday,

NOC to Load First Oil in a Year from Es Sider

Libya is due to start loading its first crude oil tanker in a year from top port Es Sider on Tuesday following a year-long blockade by eastern federalists, a Libyan

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