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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

Tanker Market for Week 33

19/08/2019

VLCC
Middle East Gulf rates initially eased, with rates for 270,000mt to China hovering around WS 52/54 region before WS 57 was agreed for ‘East’ discharge. For 280,000mt Middle East Gulf to US Gulf basis Cape to Cape the market

Finding Balance? Upstream costs in 2019 and beyond

19/08/2019

Wood Mackenzie's annual Global Upstream Cost Survey results show, across the industry, cost increases are back. Most respondents expect the next 12 months to be a period of growing costs. This isn’t particularly surprising given the depth and duration of

OPEC: Oil Market Highlights

17/08/2019

Crude Oil Price Movements
The OPEC Reference Basket (ORB) averaged higher in July, up by $1.79, or 2.8%, m-o-m reaching $64.71/b, supported by a pick-up in Asian crude demand. Crude oil futures prices also rose from their low levels registered

Does Germany need LNG?

17/08/2019

As Europe's largest gas market, Germany seems an obvious candidate to take advantage of the growing global appetite for LNG. However, the country remains an outlier, lacking direct access to the LNG market.

Momentum around proposals to develop a German LNG

Automation in the dock

15/08/2019

Between 2008 and 2023, the world's GDP is expected to grow by more than three percent annually. The United Nations Conference on Trade and Development (UNCTAD) estimates that during this period, the world's sea-borne trade will grow at a Compounded

How serious are oil and gas companies about the energy transition?

15/08/2019

New energy's time has come. It's less than four years since the Paris Agreement set the long-term goal to limit the rise in global temperature to well below 2°C. Back then, the oil and gas industry had zero appetite to

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