Fuels & Lubes News

 

Ammonia Fuel Cells for Deep-Sea Shipping: A Key Piece of the Zero-emissions Puzzle

Dec 16, 2020

Interest in ammonia-powered fuel cells for the maritime sector is growing, but stakeholders have been hesitant to commit to investments in large-scale systems. Now the ShipFC project is aiming to secure a place for ammonia in the future of deep-sea shipping.The project will equip the offshore supply vessel Viking Energy, owned and operated by Eidesvik and on contract to energy major Equinor, with a 2-megawatt (MW) ammonia fuel cell…

Jumbo's Fairplayer to Test Biofuel Oil

Aug 19, 2019

Heavy lift shipping and offshore transportation and installation contractor Jumbo said it has partnered with marine biofuel company GoodFuels in a joint venture initiative to test marine biofuel oil on board a DP2 heavy lift crane vessel during an offshore decommissioning project…

Australia's Woodside China's ENN Join Hands

Oct 23, 2018

Australia’s Woodside Petroleum has signed a Cooperation Agreement with Chinese private sector gas distribution firm ENN Group under which the two companies will work together to explore a broad range of potential business opportunities.The Cooperation…

Total, India's Adani Join Hands in LNG Sector

Oct 18, 2018

French energy major Total and Adani Group have signed an agreement to jointly develop multi energy offers to the Indian energy market. This cooperation includes Liquefied Natural Gas (LNG) and Fuel Retail.The Adani Group is an Indian private…

Equinor Trims Project Outlay Off Norway

Oct 08, 2018

Equinor has reduced the estimated investments for operated projects in the development phase on the Norwegian continental shelf by some NOK 30 billion ($3.6 billion) since the development plans were submitted to Norwegian authorities.This appears…

BW Adolo FPSO Produces First Oil

Sep 17, 2018

BW Offshore has announced that first oil from the BW Adolo FPSO was safely achieved on Sunday, 18 months after the initial investment was made in the Dussafu license offshore Gabon.'We have achieved first oil from the Dussafu license within budget and on schedule…

Transporting Costs Go Up: TMM

Aug 24, 2018

The thirty-sixth edition of the Transport Market Monitor (TMM) by Transporeon and Capgemini Consulting reveals high transport prices due to declining transport capacities and rising fuel costs.In Q2 2018, the capacity index decreased by 36.3% to 70…

Vitol Invests in Coal-to-oil Venture as Shipping Fuel Rules Loom

Jul 18, 2018

Energy trader Vitol and coal miner Peabody Energy are partnering with start-up Arq to turn coal waste into a low-sulphur oil product that could be an alternative fuel for shippers as new U.N. pollution rules loom, the companies said in a statement…

Equinor Acquires Energy Trader Danske Commodities

Jul 08, 2018

Norwegian oil and gas major Equinor, formerly Statoil, is acquiring the Danish energy trading company, Danske Commodities for EUR 400 million (USD 470 mln). 'Equinor has reached agreement to buy 100% of the shares in Danish energy trading company Danske Commodities (DC) for EUR 400 million…

Al-Iraqia Shipping Commences Bunkering Operations in Iraq

Jun 17, 2018

Al-Iraqia Shipping Services & Oil Trading (AISSOT) is shortly commencing bunkering operations at Iraqi Ports mainly at Basra, Khor Al-Zubair and Umm Qasr.  AISSOT is a joint-venture company of Iraqi Oil Tankers Company (IOTC) & Arab Maritime…

New Rules on Ship Emissions Herald Sea Change for Oil Market

May 17, 2018

New rules coming into force from 2020 to curb pollution produced by the world's ships are worrying everyone from OPEC oil producers to bunker fuel sellers and shipping companies.The regulations will slash emissions of sulfur, which is blamed…

Conoco Moves to Seize PDVSA's Caribbean Assets

May 07, 2018

U.S. oil firm ConocoPhillips has moved to take Caribbean assets of Venezuela's state-run PDVSA to enforce a $2 billion arbitration award over a decade-oil nationalization of its projects in the South American country, according to three sources familiar with its actions…

Fluxys to Add a Permanent LNG Bunkering Facility in Antwerp

Apr 29, 2018

Fluxys has taken over the concession in the port of Antwerp at quay 526-528 to make liquefied natural gas (LNG) available as an alternative fuel for ships and barges, in one of the Port Authority's key initiatives to make the port's activities more sustainable…

BP Plans No Azeri Platform Shutdowns in 2018

Feb 16, 2018

British oil major BP, which operates a number of oil and gas fields in Azerbaijan, plans no maintenance shutdowns of platforms there this year and intends to advance with new projects, BP's regional president told Reuters. 'There aren't any turnarounds planned for this year…

Wyoming, Utah Mull Funding Legal Challenges to West Coast Coal Policies

Feb 13, 2018

Lawmakers in coal-producing Utah and Wyoming, faced by a shrinking market for the fuel, this week introduced laws to fund legal challenges in California and Washington of policies that they believe hurt coal sales. A Utah lawmaker on Monday…

Current News

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Equinor CEO Calls for More Offshore Wind Areas

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Ocean Power Technologies Announces Leadership Changes

Ocean Power Technologies Announces Leadership Changes

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