Fuels & Lubes

Liquefaction Terminals to Dominate LNG Capital Expenditure

Capital expenditure (Capex) on global LNG facilities is expected to total $259 billion (bn) over the period 2015-2019, with investments expected to be 88% larger

Ukraine Allows Firms to Import Electricity Due to Power Crisis

Ukraine's government, mired in a power crisis due to a shortage of thermal coal, will allow all companies to import electricity from abroad, Prime Minister Arseniy Yatseniuk said on Friday.

Slovakia's Eustream Testing of Hungarian Gas Link Delayed

Technical problems have caused a delay of testing operations at a new gas pipeline connecting Slovakia and Hungary, the Slovak pipeline operator Eustream said on Friday.

GE Wins$1b Cheniere LNG Train Service Deal

Construction well underway on the first four LNG trains at Cheniere Partners’ Sabine Pass LNG export facility located in Cameron Parish, Louisiana, with first LNG

Russia's Urals Oil Exports Seen Surging in Early January

Seaborne exports of Russian crude oil blend Urals will sharply increase in the first half of January thanks to a lower export duty, according to a preliminary schedule seen by Reuters.

Wärtsilä to Begin Building LNG Terminal in January

Wärtsilä has been given full notice to proceed (NTP) from Manga LNG Oy for the supply of a liquefied natural gas (LNG) import terminal in Tornio, Northern Finland.

Petronas Picks LyondellBasell Polypropylene Technology

Malaysia's state oil company Petroliam Nasional Bhd (Petronas) has chosen technology from U.S-listed LyondellBasell for a 900-tonne a year polypropylene plant in

Italian Shipbuilder Pleads Guilty to Environmental Crimes

An Italian shipping firm based in Genoa, Italy, pleaded guilty to violating the Act to Prevent Pollution from Ships by falsifying required ships’ documents to hide

K Line to Expand Use of Eco-efficiency Software

Three further K Line vessels to install ClassNK-NAPA GREEN eco-efficiency software after reporting fuel savings during trials on an 8,600 TEU container vessel   NAPA

Kemp: Clausewitz and Oil Prices

"If we consider the actual basis of this (intelligence), how unreliable and transient it is, we soon realise that war is a flimsy structure that can easily collapse and bury us in its ruins.

Brazil Congress' Petrobras Probe Urges Charges Against 52 People

A Brazilian congressional investigative committee issued its final report on alleged corruption at state-run oil company Petroleo Brasileiro SA on Thursday with

Denmark Arrests Former OW Bunker Manager Wanted for Fraud in Italy

Denmark has arrested a former manager of collapsed ship fuel supplier OW Bunker and intends to hand him to Italy, where he is suspected of fraud, the Danish public prosecutor said on Thursday.

Bulker Chief Engineer Convicted of Environmental Crimes

A chief engineer from the M/V Trident Navigator was convicted by a federal jury in New Orleans late yesterday after a week-long trial, of knowingly falsifying the

Saudis: OPEC Can't Cut Pricing Without Help

Saudi Arabia's powerful oil minister said on Thursday that OPEC could not cut output without the support of other big producers and attempts to get them on board had not worked.

S.Korea: No Arrest of KOGAS CEO

A South Korean district court said on Thursday it had rejected an arrest warrant application against the president and chief executive of Korea Gas Corp (KOGAS), Jang Seok-hyo.

Thermal Coal Futures Steady at 7-yr Low

Russian rouble down around 45 pct this year; China unlikely to become coal exporter after tariff cut. Thermal coal futures prices steadied on Thursday, having

Slashed Energy CapEx Pumps Brent Pricing

More companies cut upstream investments around world; strong U.S. production continues to drag on prices. Brent crude jumped 3 percent to above $63 a barrel on Thursday,

Central Banks React Differently to Oil Drop

The world's major central banks are scrambling to work through the implications of the near halving of the price of oil in the second half of 2014, and they are

EU Bans Crimea Investment, Targets Oil, Cruise Sectors

Measures take effect on Saturday; aim is to keep pressure on Russia over Ukraine. The European Union banned investment in Crimea on Thursday, halting European

New Gas Plant Could Save Ghana $300m on Fuel Costs

Ghana has begun processing gas from its offshore Jubilee oil field through a pipeline project that could save the government $300 million a year on fuel costs even

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