Colombia's Ecopetrol claims that operations have been affected by roadblockades and pipeline attacks
Ecopetrol, Colombia's state oil company, said that its operations were affected by the attacks on Cano Limon - Covenas and Bicentenario and a nationwide strike of truckers which has caused transport to be snarled. The company…
BIMCO Eyes Asia with New Gas Contracts
Baltic and International Maritime Council (BIMCO) will begin work on two gas-related contracts in early 2019, an LNG (Liquid Natural Gas) Bunker Purchase Contract and a LPG (Liquid Petroleum Gas) voyage charter party.A press…
BW LPG Offers to Buy Dorian LPG in $1.1 Bln Deal
The world's largest liquid petroleum gas (LPG) shipper, Norway's BW LPG, is offering to buy competitor Dorian LPG in a $1.1 billion all-stock deal in an effort to boost its earnings in a weak market, it said in a statement on Tuesday.Dorian shareholders will receive 2.05 BW LPG s
Emerson Launches Roxar Tempest 8.2
Emerson has launched Roxar Tempest 8.2 – the latest version of its reservoir management software, bringing advanced uncertainty analysis tools and increased support to the Big Loop workflow and robust risk analysis and reserves estimates across the seismic to simulation workflow.
DCC Taps Energy Boss as Next CEO
Donal Murphy to succeed Tommy Breen as CEO from July; DCC will buy Shell's LPG business in Hong Kong and Macau. Support services company DCC has picked the head of its energy division, Donal Murphy, to succeed retiring chief executive Tommy Breen from July, it said on Wednesday.
Saudi Aramco in Lead to Buy OMV's Turkish Unit Petrol Ofisi
Oil giant Saudi Aramco is believed to be the front-runner to buy Turkish fuel stations business Petrol Ofisi from Austrian oil group OMV , sources familiar with the matter said. Saudi Aramco has placed a bid and is awaiting the result…
Transnet Appoints Ngqura Liquid Bulk Terminal Operator
The Port of Ngqura is poised to play a vital role in ensuring the security of South Africa’s fuel supply, while creating a new petroleum trading hub for Southern Africa in anticipation of the relocation of existing liquid bulk facilities from Port Elizabeth.
BW LPG Seeks "constructive dialogue" with Aurora
BW LPG, the world's largest liquid petroleum gas (LPG) shipper, has raised its stake in smaller rival Aurora LPG by 10 percentage points to 29.83 percent. * BW LPG also bought 57 million Norwegian crowns worth of Aurora's senior unsecured bond maturing on Aug.
India's Mobility Drives Global Demand: Kemp
"India is taking over from China as the main growth market for oil," the International Energy Agency observed in its latest petroleum market update. India's oil consumption has grown at an average annual rate of 5 percent over…
Indonesia's Pertamina Expects Increase in LPG Sales, Imports
Indonesia's Pertamina expects domestic sales of liquid petroleum gas (LPG) to increase 15 percent to 8 million tonnes in 2016 from an estimated 6.98 million tonnes this year, a company official said on Friday. "LPG imports will…
Kinder Morgan Mulls LPG, Product & Crude Exports
Kinder Morgan Inc is considering more export opportunities from Texas and the U.S. Northeast, including liquid petroleum gas, refined products and potentially crude, a top executive told analysts on Wednesday. "The market is very ripe in Houston right now…
Finland Grants Support to Three Small LNG Terminals
The Finnish government granted 65.2 million euros (84.22 million US dollar) in subsidies to build three small liquefied natural gas (LNG) terminals to cut on use of fuel oil and liquefied petroleum gas (LPG) in industry, the economy ministry said on Thursday.
Scientists Use E.coli Bacteria to Create Fossil Fuel Alternative
British and Finnish scientists have found a way of generating renewable propane using a bacterium widely found in the human intestine and say the finding is a step to commercial production of a fuel that could one day be an alternative to fossil fuel reserves.
Technip Wins Consultancy Contract for RAPID Project
Technip, leader of a joint venture with Fluor, was awarded a substantial(1) Program Management Consultancy (PMC) contract by PETRONAS for the Refinery and Petrochemical Integrated Development (RAPID) project located in the state of Johor, Malaysia.
