Corrects paragraph 3 to state that Proman is based in Switzerland, not the U.S., and paragraph 4 to clarify that the Lake Charles project, not the Namikata terminal, could be built by the late 2020s, and that Lake Charles could export to Japan -Japanese trading house Mitsubishi 8058.T is considering the conversion of the Namikata terminal near Hiroshima into a fuel ammonia import hub, a company executive told a business conference in Tokyo on Friday. Japan views ammonia, which could be also produced as a derivative of hydrogen, as a ...

Around the Island Canoe Race 29 Sep 2023, Hong Kong A canoe race will take place around Hong Kong Island on 28 October. About 15 canoes and 20 support boats are expected to participate. Read More » Amendment to mooring and sustainability charges 29 Sep 2023, Mundra, India Mundra Port is introducing Sustainability charges applicable with effect from 15 October 2023. Read More » Pipeline removal operations 29 Sep 2023, Mississippi River, United States Until approximately 23 October, Gulf South and Broussard Brothers will be working at MM11, AHP to ...

U.S. crude and petroleum products supplied, a proxy for demand, fell by 592,000 in July to 20.12 million barrels per day (bpd), the lowest level since April, according to data from the Energy Information Administration on Friday. Finished motor gasoline fell by 266,000 in July to 9.01 million bpd, the lowest since April, EIA added. Source: Reuters (Reporting by Arathy Somasekhar in Houston)

The U.S. Energy Information Administration said on Friday that a government shutdown would not have any immediate impact on the release schedule for its weekly oil inventory data. “If there is a lapse in government appropriations on October 1, there will not be an immediate impact on our operations,” the EIA said in an email. “We will still collect and publish data on our normal schedule.” Source: Reuters (Reporting by Richard Valdmanis; editing by Christina Fincher)

Dutch and British wholesale gas prices fell on Friday morning as Norwegian pipeline supplies picked up after some maintenance outages ended. The Dutch October contract TRNLTTFMc1 edged down by 0.68 euro to 38.95 euros per megawatt hour (MWh) by 0820 GMT, while the November contract TRNLTTFMc2 was 1.15 euros lower at 41.95 euros/MWh, according to LSEG data. In the British market, the October contract TRGBNBPMV3 was 1.25 euros lower at 99.00 pence per therm, while the weekend contract TRGBNBPWE was 2.50 pence lower at 96.00 p/therm. “With Norwegian gas production ...

Hempel, world-renowned leader in antifouling technology, announced today its innovative, high-performance, copper-free, and biocide-free antifouling coating – Silic One will be available in the United States and Canada. Sold exclusively in North America by SeaWide Distribution, Hempel’s Silic One is a revolutionary bottom coating that is environmentally friendly while reducing time spent cleaning a vessel’s bottom and improves efficiency by delivering higher boat speed and lower fuel costs. Hempel’s Hydrogel technology is unique to Silic One and elevates it high above other antifouling products. These unique and non-reactive polymers create ...

Stolt-Nielsen begins OSE 3Q reporting season with figures to be released on October 5th. Somewhat softer market conditions were guided, yet, the company had some record-breaking quarters and this cannot last forever. During the mid-reporting season, Stolt-Nielsen issued NOK 1.2bn bond, and more importantly, had a change of CEO and after many years the surname of Stolt-Nielsen is written next to the position no more. We increased the WACC but keep the NOK 400/sh Target Price in our valuation. Buy is reiterated although the upside has reduced over the last ...

On September 16th, Wilson Sons, a leader in port and maritime logistics in Brazil, started operating its new powerful and more sustainable tugboat “WS Castor”. The tug is the fourth in a series of six being built at the company’s shipyards in Guarujá, São Paulo. “WS Castor” will operate in the port of Santos, the largest in Latin America. The tug is capable of attending the berthing and unberthing of the new-generation 366m LOA vessels expected to operate in this port. Since July 2022, three tugs have been delivered (“WS ...

Kazakhstan is ready to increase oil supplies to Germany, Kazakh President Kassym-Jomart Tokayev said after talks with German Chancellor Olaf Scholz in Berlin. Tokayev said Kazakhstan has shipped 500,000 metric tonnes of crude to Germany’s Schwedt refinery via Russia’s Druzhba pipeline this year, sales that began after Berlin decided to stop buying Russian oil. “At our German friends’ request, I have confirmed our country’s readiness to increase oil supplies and make them long-term,” Tokayev told a briefing. He did not say by how much such shipments could increase. “Kazakhstan is ...

The decision to approve drilling at a controversial UK oil field has been condemned by environmental campaigners but hailed by supporters as a big step in bolstering the UK’s energy security. Rosebank, off the Scottish coast, has been given the go ahead by regulators the North Sea Transition Authority. Prime Minister Rishi Sunak said it was the “right long-term decision” for securing oil supplies in the UK. But critics said it would harm climate change targets and not reduce bills. What is Rosebank? Rosebank is an oil and gas field ...

Despite large natural gas reserves, Africa is yet to see a full return on its resources. To ensure the region receives a wider share of its economic benefits, upstream investment, gas resource development, and support for independent operators is imperative. With one-third of the continent (almost 500 million people) having no access to electricity, ending energy poverty across Africa is among the planet’s most urgent challenges. As we approach Africa Oil Week, we explore three critical factors to making oil and gas work for Africa. Fill in the form to ...

China’s National Energy Administration called for the “orderly growth” of natural gas usage in a draft policy released on Thursday, reaffirming an industry guideline that focuses on supply security. China, the world’s biggest energy user, wants to boost the usage of natural gas as a key bridge fuel to reach its 2060 carbon-neutral goal, but it also wants to pace the growth of the sector to avoid supply shortages or get caught out by price shocks like last year’s spike caused by the war in Ukraine. The draft proposes measures ...

Residual fuel oil stocks at key trading hub Singapore slipped to three-week lows, with net imports retreating after last week’s jump, official data showed on Thursday Onshore fuel oil stocks fell 9.5% to 19.77 million barrels (3.11 million metric tons) in the week to Sept. 27, Enterprise Singapore data showed. Weekly net imports, calculated by subtracting total exports from total imports, eased 17.3% from last week at 834,000 tons. Brazil was the top origin for Singapore’s fuel oil imports at 252,000 tons, with imports up for a second straight month. ...

On the afternoon of September 25, China Marine Bunker (PetroChina) Co., Ltd. (CHIMBUSCO), a prominent shipping service company under COSCO SHIPPING, held the “Green Methanol Refuelling Capacity Building Conference” during the Global Sustainable Transportation Forum and the 15th International Exhibition on Transportation Technology & Equipment. During the conference, China Petroleum Circulation Association (CPCA) and the China Entry-Exit Inspection and Quarantine Association (CIQA) officially released two group standards: the “Marine Methanol Fuel Waterborne Refuelling Regulations” and “Marine Methanol Fuel”, which were initiated by CHIMBUSCO. Meanwhile, China Classification Society (CCS) and Bureau ...

Airbus will equip one of the vessels it uses to transport aircraft subassemblies, chartered from shipowner Louis Dreyfus Armateurs, with a wind-assisted propulsion technology that captures wind energy to generate thrust and, therefore, delivers savings in fuel consumption and CO2 emissions. The eSAIL®, developed by the Spain-based firm bound4blue, creates as much as six to seven times more lift than a conventional rigid sail. It consists of a sail-like vertical surface and an electric-powered air suction system that helps the airflow to re-adhere to the sail, generating additional lift and ...