Porthos CCUS Project Getting Ready
Port of Rotterdam Authority, Dutch natural gas infrastructure and transportation company Gasunie and Energie Beheer Nederland (EBN) are preparing a CCUS (Carbon Capture Usage and Storage) project, in which CO₂ from industry will be transported…
ExxonMobil Signs LNG Tie-up Pact with Uniper
German utility Uniper SE signed a Heads of Agreement (HOA) with ExxonMobil Gas Marketing Europe Limited in respect of a long-term booking of a substantial share of regasification capacity in Uniper’s floating storage and regasification unit (FSRU)…
Uniper, Mitsui OSK Lines Press Ahead German FSRU
German energy group Uniper and Japanese shipping group Mitsui OSK Lines (MOL) have agreed to intensify efforts on the Wilhelmshaven FSRU (Floating Storage and Regasification Unit) project in Germany, which could start up as early as H2 2022.The…
US Oil Boom Delivers Costly Surprise for Traders
The world's biggest oil traders are counting hefty losses after a surprise doubling in the price discount of U.S. light crude to benchmark Brent in just a month, as surging U.S production upends the market.Trading desks of oil major BP and merchants Vitol…
Chevron to Study Mexican Oil Block
U.S. oil major Chevron Corp will focus on studying the geology of its block in Mexico's deepwater Gulf during the first four-year phase of its contract, rather than drilling new wells, a senior executive said on Thursday. The company, which leads…
Europe to be Natural Gas Kingmaker
It's probably not quite here yet, but the trend is unmistakeable; the world is moving to a globally-linked natural gas market and the rise of liquefied natural gas (LNG) is the key driver. Much of the increase in LNG capacity is because of the rapid boost to plants in Australia and the United States…
Genoil Signs MOU for LSFO Collaboration with Bomin
Genoil Inc, (GNOLF) announced the signing of a Memorandum of Understanding (MOU) with the Bomin Group. The MOU sees the two companies confirm their mutual intent to provide a framework, which will aim to develop a co-operation agreement to supply the market with compliant low sulphur products…
Pemex Imports First U.S. Diesel Cargo via Train
Mexico's state oil company Pemex began receiving imported fuel by train at a new privately run terminal for the first time in January as companies expand storage and transportation operations under the country's energy opening, a senior executive said in an interview.
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.
Ecoslops Opens 'Slops' Processing Refinery
Ecoslops, the first company to develop technology to produce recycled marine fuels from marine oil residues (‘slops’), has announced that its refinery in the Port of Sinès, Portugal, has commenced industrial production and delivered the first volume of marine fuel products compliant with ISO8217…
Oiltanking: Indonesia Terminal Opening Delayed to Q4
Terminal ready earliest in October or November. Independent storage operator Oiltanking's new facility in Karimun, Indonesia will be ready in the fourth quarter of 2015, delayed from an initial planned start-up in the third quarter, a senior company official said on Wednesday.
Entrepose Acquires PT Istana Karang Laut
Entrepose, a VINCI subsidiary, has completed the acquisition of Indonesian company PT Istana Karang Laut (IKL). A player in the upstream and downstream sectors of Asia’s oil and gas industry, IKL has expertise in both onshore and offshore activities…
Petrobras Selling Argentina Assets
At a meeting of 30th March 2015, the Board of Directors of Petrobras Argentina (PESA) approved the sale of all of its assets in the Austral Basin (province of Santa Cruz) to Compañia General de Combustibles S.A. (CGC) for US$101 million. PESA assets…
Oiltanking Sells Indonesia Storage, Blames Subsidies
Independent tank operator Oiltanking said on Tuesday it had sold a 289,000 cubic metre storage facility in Merak, Indonesia, blaming oil subsidies for making the business unprofitable. Oiltanking, the world's second-largest independent tank storage provider for oil products…
