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Ballast Water Management Regulatory Update

24/08/2019

California State Lands Commission Requires Separate Ballast Water Log

According to a California State Lands Commission letter dated 2 August 2019, vessels that are subject to California’s Marine Invasive Species Act (Cal. Pub. Resources Code section 71200 et seq.) must retain

Bakken shale production growth will be constrained by flaring restrictions and infrastructure bottlenecks, says GlobalDa

24/08/2019

There is considerable potential to raise the crude oil production in the Bakken shale play from the current level of approximately 1.44 million barrels of oil per day (mmbd) to at least 2 mmbd. However, flaring regulations and infrastructure bottlenecks

Methanol Institute welcomes new additions to dual-fuel shipping fleet

23/08/2019

The Methanol Institute has welcomed the launch of two new dual-fuelled tankers capable of operation using clean-burning Methanol.

The 49,000dwt product tankers Mari Couva and Mari Kokako were named at the Hyundai Mipo Dockyard by owners Marinvest and Waterfront Shipping on

US shale industry turns cash flow positive

23/08/2019

In a remarkable turnaround, the second quarter of 2019 is the first three-month period on record when US shale operators achieved positive cash flow from operations after accounting for capital expenditures, according to Rystad Energy.

Rystad Energy – the independent energy

Oil & gas industry M&A deals totalled $9.89bn in US during July 2019, says GlobalData

22/08/2019

Total oil & gas industry M&A deals in July 2019 worth $9.89bn were announced in the US, according to GlobalData, a leading data and analytics company.

The value marked an increase of 54.4% over the previous month and a drop of

OPEC revenues fact sheet

22/08/2019

OPEC net oil export revenues
The U.S. Energy Information Administration (EIA) estimates that members of the Organization of the Petroleum Exporting Countries (OPEC) earned about $711 billion in net oil export revenues (unadjusted for inflation) in 2018.

The 2018 net oil

Clean Arctic Alliance calls on Nordic Prime Ministers to support a ban on heavy fuel oil (HFO)

21/08/2019

Clean Arctic Alliance’s Lead Advisor, Dr Sian Prior and Árni Finnsson from the Iceland Nature Conservation Association are calling on the Nordic Prime Ministers and the German Federal Chancellor to support the call for a ban on heavy fuel oil

ExxonMobil confirms availability of Mobilgard™ 540 cylinder oil for use with 0.50% sulphur fuels

21/08/2019

Lubricant specifically formulated to help vessel operators safely and efficiently comply with the International Maritime Organization's (IMO) revised sulphur limit for 2020

· Suitable for use with all 0.50% sulphur fuels, including ExxonMobil's EMF.5™ range

· Low BN formulation has passed stringent

Jumbo and GoodFuels Partner to Take Sustainable Bio-Fuel Oil to the Offshore Support Market

20/08/2019

Leading global heavy lift shipping and offshore transportation and installation contractor Jumbo, and the world's first commercial, sustainable marine biofuel company GoodFuels, announced a joint initiative to test marine Bio-Fuel Oil on an offshore decommissioning project.

Starting with an initial project,

Natural gas deliveries to U.S. LNG export facilities set a record in July monthly U.S. natural gas feedstock and LNG exp

20/08/2019

Natural gas deliveries to U.S. facilities producing liquefied natural gas (LNG) for export set a monthly record in July 2019, averaging 6.0 billion cubic feet per day (Bcf/d)—7% of the total U.S. dry natural gas production—according to data from OPIS

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