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China adds incentives for domestic natural gas production as imports increase


Rapid growth in China's natural gas consumption has outpaced growth in its domestic natural gas production in recent years. China's natural gas imports, both by pipeline and as liquefied natural gas (LNG), accounted for nearly half (45%) of China's natural

South America and Europe led globally with highest number of oil and gas discoveries in Q3 2019, says GlobalData


South America and Europe led globally with the highest number of oil and gas discoveries during the third quarter (Q3) of 2019, with eight discoveries each during the quarter, according to GlobalData, a leading data and analytics company.

GlobalData's report: ‘Q3

Yxney Maritime and Grieg Connect team up with the NOx Fund to build digital emissions infrastructure


The data analytics duo Yxney Maritime and Grieg Connect are partnering with the Norwegian NOx Fund to develop a data-driven digital solution for automated NOx emissions reporting. Solstad Offshore and ferry operator Fjord1 will participate in the pilot phase of

The United States now exports crude oil to more destinations than it imports from


As U.S. crude oil export volumes have increased to an average of 2.8 million barrels per day (b/d) in the first seven months of 2019, the number of destinations (which includes countries, territories, autonomous regions, and other administrative regions) that

Blockchain and DNA-based marine fuels tracking solution BunkerTrace goes live


On Friday, BunkerTrace, the unique blockchain and DNA- based fuels tracking solution, announced its commercial launch shortly after a successful trial in the Netherlands on Thursday, October 3, which was conducted in partnership with Cooperative Bebeka. Announcing the launch at

China: Total and Zhejiang Energy Group Join Forces to Develop the Growing Low Sulfur Marine Fuel Market


Total has signed a shareholders’ agreement with Chinese state-owned Zhejiang Energy Group (ZEG), to create a joint venture company dedicated to the supply and delivery of marine fuels in the region of Zhoushan, China.

The agreement, signed on the sidelines of

Shippers Change Course As Fuel Rules Target Sulphur Emissions


The International Maritime Organization (IMO), the industry’s regulator, will require all ships to reduce the level of sulphur in their engine emissions from 3.5% currently to 0.5% or less from 1 January 2020.

It may seem an arcane rule change, but

VLCC: Market Starting to Return to Normalcy



Although there were stratospheric rates seen on subjects last week, charterers did not lift subjects on a large proportion, thus regaining some control and forcing owners to kowtow. We now see 280,000mt Middle East Gulf to US Gulf basis Cape/Cape

IMO 2020: The transition is underway


Supply of bunker fuels meeting the 0.50% sulphur limit is now increasing rapidly and is outstripping demand in many locations, IBIA's Director, Unni Einemo, told a Symposium on IMO 2020 held at the London headquarters of the International Maritime Organization

New Marine Fuels: Total’s First LNG Bunker Vessel Launched


Total announces that its first large liquefied natural gas (LNG) bunker vessel has been launched, following the signature of a long-term charter contract between Total and Mitsui O.S.K Lines (MOL) in February 2018.

After delivery in 2020, the bunker vessel will

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