Fuels & Lubes

Brent Oil Hits 26-month Low Under US$97

 Brent crude oil on Monday slumped to its lowest in over two years, below $97 per barrel as lacklustre economic data from China, the world's top energy consumer,

Thai Energy Explorer PTT in Mozambique Project

Thailand's top oil and gas explorer, PTT Exploration an Production Pcl, said on Monday it planned to spend up to $1 billion for a Mozambique project over the next five to six years starting from 2015.

Can Denmark Hold on as EU's Only Oil Exporter? DW Monday

Denmark is the European Union’s (EU) only net exporter of oil: Douglas-Westwood's 'DW Monday' wonders how long that will last. The Nordic state’s oil exports totalled approximately 13.

DW Release World Drilling & Production Forecast Update

The new quarterly issue (Q3) of Douglas-Westwood’s (DW) World Drilling and Production Forecast (DWD&P) has been released. Major changes have been seen in the forecasts for Iraq, Libya and Uzbekistan.

d'Amico Fleet to Fit InfoSHIP EGO Monitoring

International classification society RINA Services informs it is to fit RINA’s InfoSHIP EGO performance monitoring system to d’Amico Group’s entire fleet. The first

Porter Voices Concerns Over Texas Pipelines

  Commissioner David Porter of the Texas Railroad Commission (RRC) Tuesday visited several south Texas border oil and gas facilities and pipeline rights-of-way to meet with field staff,

DNV GL: Beyond Condition Monitoring in the Maritime Industry

Moving from a regime of scheduled rule-based maintenance to a data-driven risk-based regime can lead to more accurate and timely maintenance resulting in increased safety,

North Dakota Oil Production in July at All-time High

North Dakota oil production jumped 5 percent in July to an all-time high of 1.1 million barrels per day, according to data released on Friday from state regulators.

Sanctions to Shut Down Activities of Russian Oil Firms

U.S. sanctions against five Russian oil firms are designed to shut down deepwater, Arctic offshore, or shale oil exploration projects, a senior U.S. official said

Gazprom Plans to Further Cut Gas Exports to Romania

Russia's Gazprom plans to cut its 0.2 million cubic metres natural gas daily deliveries to Romania via Ukraine by 9 percent on Saturday and by 5 percent on Sunday,

Poland Resumes Gas Supplies to Ukraine

Poland resumed natural gas deliveries to Ukraine on Friday after receiving a pledge that Russia's Gazprom would deliver requested supplies to Polish state-run gas importer PGNiG.

Renzi Stands by Eni CEO After Nigeria Investigation News

Italian Prime Minister Matteo Renzi stood by his appointment of Claudio Descalzi as head of state-controlled oil major Eni after news the CEO was being investigated in a Nigeria graft case.

Poland Got 20mcm of Gas from Gazprom on Thurs

 Poland's gas pipeline operator Gaz-System said on Friday the country received about 20 million cubic meters (mcm) of natural gas from Russia's Gazprom on Thursday

Brent Holds Above $98 Despite Weak Demand

Brent crude held above $98 a barrel on Friday, heading for its worst week in six as concerns over weak demand outweighed geopolitical worries in the Middle East and Ukraine.

ICS to Plead Shipowners' Eco-Concerns to IMO Member States

In advance of a critical intergovernmental meeting next month at the UN International Maritime Organization (IMO), the International Chamber of Shipping (ICS) has

Vard Marine Obtains US Dual-Fuel Vessel Patent

Vard Marine says it has been awarded a US Patent for their design and engineering of a Dual Fuel Vessel. Later this year; the first of six 5100 dwt vessels to be built under this patent,

Keep it Clean & Green

When dealing with oil and other hazardous contaminants on vessels and in marine facilities, there are some common misconceptions about the way hydrocarbons biodegrade.

Shippers Must Reduce Costs, Boost Efficiency

So what’s keeping ship operators awake at night these days?  Plenty, it seems. Sluggish recovery from a lingering worldwide recession, unsustainable debt loads,

Bulk Carriers to Adopt Wärtsilä Dual-Fuel Engine Technology

The increasing use of LNG as a marine fuel is further emphasized with the latest order for Wärtsilä's dual-fuel engine technology. A new cement carrier being built

Eni Chief Under Investigation for Nigerian Oil Deal

Eni SpA chief Claudio Descalzi has been placed under investigation over alleged corruption relating to a big Nigerian oil deal, the company said on Thursday, just

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