Fuels & Lubes

Azerbaijan: Natural Gas Production Will Rise

Azerbaijan expects natural gas output to rise from 2016, when new wells are due to start production, with a further increase seen from 2018, thanks to greater production

Serbia Seeks Payment Delays, Russia Flow Down

Serbia, which owes more than $200 million for gas supplies from Russia, said on Friday it had received less gas this week and was set for talks on rescheduling its payments.

IEA: Morocco’s Energy Policies on Track

Strong initiatives on energy access and renewable energy as well as subsidy reform reflect government determination. Morocco’s energy strategy is very much on target,

PDVSA Splits Algerian Crude Discharge

The tanker Carabobo carrying Algerian light crude to Venezuela has finished unloading at Jose terminal and has set sail to the Caribbean island of Saint Eustatius,

Wärtsilä, Diesel United Renew Pact

Wärtsilä and Diesel United Ltd in Japan have signed a ten-year renewal of their co-operation agreement for the sale, manufacturing and servicing of Wärtsilä low-speed marine engines.

Cash Hoard at Russia's Surgut Swells to $30 billion

The cash reserves of Russia's third-largest crude oil producer Surgutneftegaz climbed 27 percent to 1.3 trillion roubles ($30 billion) in the nine months to September,

Risky Business: High-Yield E&P Energy Bonds

Investors betting that oil prices will recover are starting to support the battered prices of high-yield bonds from exploration and production (E&P) energy companies.

Imperial Oil Profit Jumps 45 pct

Imperial Oil Ltd, Canada's second-largest integrated oil producer and refiner, reported a 45 percent jump in third-quarter profit on Friday as it refined more crude oil at higher margins.

Exxon Capex Won't Exceed $37 billion

The recent slide in crude oil prices has not affected Exxon Mobil Corp's plans to spend a little less than $37 billion over the next several years, an executive told investors on Friday.

Prompt Down on Rising Wind Power Output

European power prices for early next week fell on Friday, dragged down by forecasts for warmer weather and rising wind power production in Germany and France. German

OPEC Oil Output Slips in October, Still Close to Two-Year High

OPEC's oil supply in October has fallen by 120,000 barrels per day (bpd) due to lower production in Angola and Nigeria, a Reuters survey found, although recovery

MARAD Tests Alternative Power for Ships

The Maritime Administration (MARAD) is testing state-of-the-art, environmentally efficient technology onboard the Training Ship (TS) Kennedy.   The National Defense

Snam Could Buy Stake in TAP Pipeline in Future

Italian gas infrastructure company Snam could in the future buy a stake in the TAP pipeline that will transport gas from Azerbaijan to Italy, the group's CEO said on Friday.

DNV GL Approvals for SAACKE Scrubbers

Classification increases planning certainty for exhaust gas scrubber operators.   The classification society DNV GL has certified the SAACKE exhaust gas scrubber

South Africa's Petrol Price to Drop by 3.3 pct on November 5

The retail price of 95-grade petrol in South Africa will drop by 45 cents or 3.3 percent a liter from next Wednesday, while wholesale diesel will decrease by 4.

World's Largest Sailing Yachts Get the GAC Treatment

GAC has smoothed the transit of the world’s largest sailing yacht through the Suez Canal, and was at hand when she called at ports in Oman and Sri Lanka. The

Ecopetrol 3rd-qtr Profit Plunges 41 pct, Oil Output Lower

Colombia's state-owned oil company, Ecopetrol, reported a 41 percent drop in third-quarter profit on Friday, due in part to lower crude output and selling prices.

Austria Hopes EU Objections to South Stream Resolved in Next Month

Austria is hoping differences with the European Commission over the South Stream pipeline project can be resolved in the next month or so, allowing the plan to move ahead,

EU Oil Majors' Q3 Refining Boost Temporary

BP, Shell see refining profit double in Q3; falling oil price and maintenance boost refining margins. Refining overcapacity to continue weighing on sector. Refining

China to Import 335 MT of Naphtha, Wants More

China is set to import more than 335,000 tonnes of naphtha and diesel, rare moves for the world's no. 2 oil consumer given it has been self-sufficient at meeting domestic oil product demand,

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