Odfjell Terminals B.V. has entered into an agreement with a fund managed by Macquarie Infrastructure and Real Assets to sell its 50 percent ownership in Oiltanking Odfjell Terminal Singapore Pte Ltd for a price around $300 million. This implies…
The Honghua Group Limited has awarded a $12 million front-end engineering design (FEED) contract to Wood for its liquefied natural gas (LNG) platform development in the West Delta area of the Gulf of Mexico. The main objective of the FEED…
India is set to emerge as a key market for American crude exports in coming months, as refineries in that country are ramping up 'test' purchases of U.S. grades to diversify their imports. U.S. exports recently set a weekly record with nearly 2 million barrels of crude a day sent overseas…
Switzerland-based MET International AG plans to boost its liquefied natural gas (LNG) trades in Europe by 50 to 100 percent next year, the company's chief executive said on Tuesday.Gyorgy Vargha said that while the company had traded one cargo…
Mitsui O.S.K. Lines (MOL) has announced that on October 16, a naming ceremony for a newbuilding LNG carrier, jointly owned by MOL and Tokyo LNG Tanker, was held at the Tsu Shipyard of Japan Marine United Corporation. Among the crowd of well-wishers on hand for the ceremony were Tokyo Gas Co…
Glencore looks set to cement its position as the world's second-largest oil trader as it tries to offset low volatility and tight margins with record volumes this year, its global head of oil, Alex Beard, told Reuters. The London-listed…
Gas4Sea partners - ENGIE, Mitsubishi Corporation and NYK - have been selected by Norwegian multinational energy group Statoil to be their liquefied natural gas (LNG) marine fuel supplier in the port of Rotterdam, in the Netherlands, for four crude shuttle tankers…
COSCO SHIPPING Specialized Carriers Co., Ltd. vessel M/V Xin Guang Hua delivered Shell’s 40,335mt Appomattox hull from Geoje, South Korea to Ingleside, Texas on October 5, following nearly four years of work with Shell Offshore Inc to prepare…
Montrose Port Authority has celebrated a record-breaking month due to increased commercial vessel activity. The leading support and service hub for the energy industry, announced 337,000 tonnes of shipping activity during August 2017; beating its previous record by an additional 100…
Geneva-headquartered energy and commodities trader Vitol has signed an US$8bn loan refinancing of credit facilities agreed in October 2016, the company announced on Wednesday. The revolving credit facility, which is used for working capital and general corporate purposes…
The volume growth at major ports was low at 3 percent during the first five months of current fiscal, FY2018 as coal volumes recorded 12 percent decline during the period, even as iron ore volumes grew 29 percent.According to K. Ravichandran…
India's H-Energy Pvt Ltd, a unit of real estate group Hiranandani, will start operations at its liquefied natural gas (LNG) terminal in the western Maharashtra state by May 2018, its chief executive said on Wednesday. India plans to raise…
Buckeye Partners has resumed full operations at its oil terminal and storage tanks in Puerto Rico two weeks after it closed the facility ahead of Hurricane Maria, the company said on Tuesday.'Buckeye has safely resumed full service of its marine…
Following the profound strategic transformation from black to green energy and the recent divestment of the upstream oil and gas production, the name DONG Energy does not fit the company anymore. Consequently, DONG Energy has today called…
Puerto Rico Governor Ricardo Rossello reported progress in getting fuel supplies to the island's 3.4 million inhabitants on Monday as they faced a 13th day largely without power after the U.S. territory was devastated by Hurricane Maria.'We've…
