US Diesel Exports to ARA Set to Rise
Diesel shipments from the U.S. Gulf Coast to Europe's main trading and refining hub, the Amsterdam-Rotterdam-Antwerp (ARA) region, are set to rise owing to improving export margins on the back of scarce supply in Europe and rising U.S. refinery production…
Virtual Conference to Focus on Transatlantic Marine Renewables
Marine industry experts from Portugal and Canada are staging a special Blue Economy conference to spark transatlantic business growth. WavEC Offshore Renewables is teaming up with the Embassy of Canada to Portugal to host ‘Advancing the Blue Economy through Intercontinental Collaboration’.
Coastal Virginia Offshore Wind Turbine Components En Route to U.S.
Dominion Energy and Ørsted have said that the turbine components and monopiles for the Coastal Virginia Offshore Wind (CVOW) pilot project have started their journey to North America. The foundations, consisting of the turbines' monopiles, transition pieces and anode cages fabricated by EEW SPC…
US LNG Opens Floodgates to Europe
The United States has nearly tripled its natural-gas exports to the European Union (EU) since July and signed new licenses seeking to establish American energy as an EU mainstay. US exports of LNG surged following a meeting between Donald Trump…
Big Oil Spent 1% on Green Energy in 2018
Top oil and gas companies jointly spent around 1 percent of their 2018 budgets on clean energy, but investments by Europe's giants vastly outpaced their U.S. and Asian rivals, a study showed.Companies such as Royal Dutch Shell, Total and BP…
Oil Prices Pare Gains After Earlier Rise on Saudi News
Oil prices traded broadly unchanged on Thursday after an announcement that Saudi Arabia would suspend some oil shipping in the Red Sea had initially sent prices higher.Brent futures had risen 19 cents to $74.12 a barrel by 1305 GMT, extending…
Germany: EU Should Present United Response to U.S. Tariffs
Germany's transatlantic coordinator told a group of newspapers that the European Union should take a common line in responding to proposed U.S. steel and aluminum tariffs. After visiting Washington, Juergen Hardt - a member of Chancellor Angela…
US Fuel Exports Recover after Harvey
Fuel exports from the U.S. Gulf Coast are rising rapidly as refineries recover from weeks of disruptions due to Hurricane Harvey, offering respite to buyers in Latin America and Europe. The gradual resumption of operations in the region that…
Harvey Produces Rare Jet Fuel Exports to U.S.
Traders are shipping jet fuel from Europe to the United States, where Tropical Storm Harvey has sparked concern over possible shortages of the aviation fuel. French oil major Total has booked the Maersk Misumi and Butterfly to load 37,000 tonnes…
Europe Gasoline Exports Set to Surge on Harvey Outages
Gasoline exports from Europe across the Atlantic are set to surge in coming days as traders plug supply gaps after Tropical Storm Harvey crippled refineries in the U.S. Gulf Coast. Many of the shipments are expected to end up in Latin America…
European Gasoline Margins at 4-1/2 Month High
Benchmark European gasoline refining margins spiked nearly 9 percent on Tuesday to their highest since April after more than 2 million barrels per day (bpd) of U.S. refining capacity was knocked offline by Hurricane Harvey. Margins, a measure…
Danfoss, General Electric Join Forces
Danfoss Silicon Power has announced it is establishing production in the U.S. and entering into a collaboration with industrial giant General Electric (GE). The collaboration means that Danfoss Silicon Power will become the world’s leading provider of silicon-carbide (SiC) power modules.
Albania State Oil Firm Takes over Fields from Partner
Albania's state-owned Albpetrol said on Thursday it had reclaimed two oil zones from its output-sharing partner GBC Oil after it failed to pay Albpetrol more than $20 million. Complying with a mid-December order by the government, Albpetrol…
European Gasoline arb to U.S. East Coast Widens
U.S. gasoline prices recently soared to multiyear seasonal highs over European prices, setting the stage for more imports from across the Atlantic, but high freight costs mean not everyone will be able to take advantage of the arbitrage opportunity. The difference between benchmark RBOB U.S.
Congress Urged to Reject TPP over Environmental Concerns
More than 450 groups on Monday called on Congress to reject the Trans-Pacific Partnership (TPP) if it comes up for a vote this fall, saying the trade deal would allow fossil fuel companies to contest U.S. environmental rules in extrajudicial tribunals.
Denmark, US to Partner on Offshore Wind
Denmark and the United States have signed a memorandum to strengthen cooperation on offshore wind energy projects, the U.S. Bureau of Ocean Energy Management (BOEM) announced. On May 4, 2016 at the Embassy of Denmark in Washington, D.C., Danish…
TransAtlantic to Sell Albania Assets
TransAtlantic Petroleum Ltd. today announced the launch of a marketing process for the sale of all of its oil and gas assets and operations in Albania, and provided an operational update on its current production. On November 16, 2015, the Company's…
Kemp: U.S. Crude Export Controls Crumbling
In the three months ending in August, the United States and Canada swapped a record amount of crude oil with each other, one of the more bizarre consequences of outdated U.S. export controls. Because U.S. oil producers cannot export crude oil to any other country…
Evergas & INEOS Expand Dragon Vessel Series
Evergas has reached an agreement with INEOS to expand its new-building series of ethane/multigas vessels from six to eight units. In January 2013, Evergas announced for the first time that it had secured shipping agreements of up to 15 years…
EU Abandons Sands Oil 'Dirty' Label
Canada lobbied against previous labelling proposal; policy includes method for distinguishing various fuels. Member states to debate the proposal. A European Union plan to label tar sands oil as highly polluting in its fight against climate…
