U.S. natural gas futures climbed about 2% on Friday on forecasts for warmer-than-normal weather in early October that will likely force power generators to burn more gas to keep air conditioners humming. Prices were also up with exports to Mexico on track to hit a record high in September and as the amount of gas flowing to U.S. liquefied natural gas (LNG) export plants rises as Cheniere Energy’s LNG.A Sabine Pass plant in Louisiana pulls in more fuel. Capping those gas price gains were expectations that a tropical storm could ...

ABP Plc BP.L and Shell Plc SHEL.L consortium has reached an agreement with Trinidad and Tobago to explore three deepwater blocks for hydrocarbon production inthe Caribbean country, Minister of Energy Stuart Young said on Thursday. The deal would help Trinidad speed up offshore exploration and production to secure more natural gasto support its liquefied natural gas and petrochemical industries. “The Cabinet approved the award of three deepwater blocks to a consortium of BP and Shell” on Sept. 8, Young said in a press release. A signing ceremony is planned for ...

Dutch and British wholesale gas prices mostly inched up on Friday morning after changes to Norwegian maintenance outages and on expectations of weaker wind output over the weekend. The Dutch October contract TRNLTTFMc1 was up 0.79 euro at 39.49 euros per megawatt hour (MWh) at 0850 GMT, while the Q4 contract TRNLTTFQc1 was 0.90 euro higher at 43.50 euros/MWh. In the British market, the weekend price TRGBNBPWE rose by 1.50 pence to 98.00 pence per therm while the October contract TRGBNBPMV3 rose by 0.68 pence to 101.25 pence/therm. Gassco has ...

An opening ceremony was held here on Thursday for the Hong Kong Offshore Liquefied Natural Gas (LNG) Terminal, which will facilitate Hong Kong’s transition towards carbon neutrality. Jointly developed and constructed by CLP Power Hong Kong and Hongkong Electric since 2020, the terminal is located to the east of the Soko Islands and went into service in July 2023. The operation of the terminal has enhanced Hong Kong’s fuel supply stability by the addition of a new supply source for natural gas, facilitating the territory’s energy transition, according to CLP ...

Sempra Infrastructure, a subsidiary of Sempra (NYSE: SRE) (BMV: SRE), today announced that the Federal Energy Regulatory Commission (FERC) has approved the permit authorizing the Port Arthur LNG Phase 2 expansion project under development at Port Arthur LNG in Jefferson County, Texas. The permit is a major regulatory milestone for a proposed Phase 2 project, including the addition of two liquefaction trains (trains 3 and 4) capable of producing up to 13 million tonnes per annum (Mtpa) of liquefied natural gas (LNG). “Sempra Infrastructure is committed to investing in infrastructure ...

Border railway port has increased capacity and operation efficiency to shorten the time of trains passing the port, boosting the efficiency of cross-border freight trains. Manzhouli, a border city of China, Mongolia and Russia, is one of six railway ports that operates the China-Europe freight trains. “The Manzhouli Railway Port is one of the eastern corridors for China-Europe freight trains. About 30 percent of such trains pass the port,” said Zheng Jiaqing, head of Manzhouli Railway Station. Source: China Daily

The Club has noticed occasional misunderstandings regarding the suitable gas detection equipment needed for the transportation of Direct Reduced Iron (DRI) types A (Hot Briquetted Iron (HBI)), B, and C. In these cases, the ship’s crew mistakenly believe that gas detectors using catalytic or infrared principles would be adequate for the necessary monitoring task. The International Maritime Solid Bulk Cargoes (IMSBC) Code’s DRI schedules specify that one of the hazards associated with these cargoes is their potential to gradually release hydrogen upon contact with water, especially saline water. Hydrogen is ...

The fourth edition of the Saudi Maritime Congress saw the signing of two memoranda of understanding (MoUs) in the shipping and logistics sectors. The two-day event, being held at Dhahran Expo, concluded on Thursday. The first MoU was signed between the Saudi-listed National Shipping Company of Saudi Arabia (Bahri) and SAIL, a Saudi Investment Recycling Company (SIRC) subsidiary. The MoU aims to drive collaboration in sustainable shipping, promote circular economy principles and advance sustainable practices within the maritime industry. The second MoU was signed between the Saudi Ports Authority (MAWANI) ...

Fratelli Cosulich, a leading global provider of maritime services, is proud to announce its successful attainment of the International Sustainability and Carbon Certification (ISCC). This certification underscores Fratelli Cosulich’s unwavering dedication to implementing sustainable practices throughout its operations, and signifies a milestone in the company’s commitment to environmental stewardship. The ISCC certification is a globally recognized standard that verifies compliance with stringent sustainability and carbon reduction criteria. It encompasses a comprehensive set of requirements, evaluating the responsible sourcing of raw materials, supply chain management practices, land use, greenhouse gas emissions ...

Sizable offshore findings and the worldwide preference for natural gas will power Colombia’s economy and hydrocarbon industry over the long term, according to a new report from Fitch Ratings. In the short term, Colombia will still need to rely on crude to meet its energy needs, especially for transportation, and to maintain economic growth, government spending and foreign currency inflow. While strong crude prices and a robust pipeline of existing contracts will support the Colombian energy industry in the short and medium term, Colombia’s crude oil reserves are expected to ...

Oman’s Duqm refinery has completed its start-up processes and is operator OQ aims to begin commercial operations by year-end, it said. “Significant progress has been made in the project’s execution, with the start-up phase of the refinery now completed, marked by the production of high sulphur fuel oil (HSFO) – the first shipment of which has already been exported to the U.S.,” OQ said in a written statement in response to a Reuters email. Naphtha production has also been achieved, OQ added. Around 95,000 metric tons of HSFO shipped from ...

Pyxis Tankers Inc., an international shipping company, today announced that it has agreed to sell the vessel Pyxis Epsilon , a 2015 built 50,295 dwt. product tanker, for a sale price of $40.75 million in cash to an unaffiliated buyer located in the United States. Completion of the vessel sale, which is subject to customary closing conditions, is expected to occur during the fourth quarter of 2023. After the repayment of the outstanding indebtedness secured by the vessel and the payment of various transaction costs, the Company expects to receive ...

Middle East crude benchmarks Dubai and Oman climbed on Friday following two straight days of declines, as more spot trades emerged. Meanwhile, Brent’s Exchange Futures for Swaps (EFS) to Dubai has steadied by the end of the trading week, after its volatile surge earlier this week. November EFS DUB-EFS-1M was pegged at a premium of $1.90 a barrel at the Asia close on Friday, compared with $1.85 the previous day, LSEG data showed. SINGAPORE CASH DEALS Cash Dubai’s premium to swaps rose 22 cents to $2.74 a barrel. NEWS Russia ...

Sea Parade on 1 October 2023 22 Sep 2023, Hong Kong A flag raising ceremony will be held on 1 October at the Golden Bauhinia Square to celebrate the 74th Anniversary of the founding of the People’s Republic of China. Read More » Supply & delivery of sand at Changi East Deposition Area 22 Sep 2023, Singapore The working period for the supply and delivery of sand at Changi East Deposition Area has been extended until 23 April 2024. Read More » New tariff structure 22 Sep 2023, Mundra, India ...

An Australian union alliance on Friday called off strikes at Chevron (NYSE:)’s two major local liquefied (LNG) projects, agreeing to resolve disputes that had threatened to disrupt around 7% of global LNG supplies. The union alliance and Chevron accepted proposals on pay and conditions from the country’s industrial arbitrator for the Gorgon and Wheatstone LNG facilities, and workers suspended strikes that began two weeks ago. “The Offshore Alliance will now work with Chevron to finalise the drafting of the agreement and members will soon cease current industrial action,” Offshore Alliance ...