Energy

BG Group sees its Australian project helping to double LNG supplies

Reuters | March 04, 2015 | Breakbulk & Projects | Projects | Energy | Maritime

A smooth start to operations at BG Group’s Australian project in Queensland is expected to help the British company to roughly double its liquefied natural gas (LNG) supplies in 2015/16, it said on Wednesday. Read More »

Oil storage at sea stalls as profit play fades

Reuters | March 03, 2015 | Energy | Maritime | International Trade

Traders are cutting plans to use tankers to store oil at sea as the price incentive recedes, the global head of oil at mining and commodities group Glencore’s said on Tuesday. Read More »

Europe is becoming an internal market for biodiesel

AJOT | March 03, 2015 | Energy | International Trade | Ports & Terminals | Ports | Wet Bulk Port

In Rotterdam, Europe’s most important port for the handling, storage and production of biofuels, the throughput of these products was 15% lower in 2014 than in 2013, representing a decrease of 3.8 million tonnes. This is primarily due to a decrease in imports of biodiesel from Indonesia and Argentina as a result of extra import duties and taxes on dumping. Read More »

British fuel imports spike as refineries close

Reuters | March 01, 2015 | Energy | Refinery | International Trade

Britain’s net imports of petroleum products more than tripled last year after a new wave of refinery closures and capacity cuts left the country unable to meet its demand. Read More »

Lithuania looks to U.S. for gas imports

Reuters | February 27, 2015 | Energy | International Trade

Lithuanian liquefied natural gas (LNG) importer Litgas has signed a preliminary agreement with a U.S. supplier, looking to lessen the Baltic nation’s dependence on Russia. Read More »

Jordan, Israel agree $900 million Red Sea-Dead Sea project

Reuters | February 26, 2015 | Energy | Pipeline

Jordan and Israel signed an agreement to go ahead with a World Bank-sponsored project to build a desalination plant in the Gulf of Aqaba and a pipeline linking the Red Sea with the Dead Sea. Read More »

Top oil drillers face years of pain, get a grip on cost

Reuters | February 26, 2015 | Energy | Discovery

The world’s biggest offshore drillers reported plunging earnings and orders on Thursday but managed to get a grip on costs to improve their chances of riding out a sectoral crisis that could last several more years. Read More »

Norway’s Frontline benefits from oil supply glut

Reuters | February 26, 2015 | Energy | Maritime

Operating profit at Norwegian tanker firm Frontline beat forecasts and the company said it expected earnings to improve further this year, benefiting from an oil glut that has pushed down prices of the commodity. Read More »

Permian pipeline issues cut capacity nearly 40 percent

Reuters | February 25, 2015 | Energy | Pipeline

Pipeline takeaway capacity from the Permian Basin looked to be reduced by nearly 40 percent after two of the largest pipelines in the region had reported problems, with one taken offline after a leak was found early Wednesday morning. Read More »

Oil tankers idle for months off Delaware waters, puzzling some

Reuters | February 25, 2015 | Energy | Maritime

Late last November, the tanker Olympic Flag carrying 650,000 barrels of Angolan crude dropped anchor about 7 miles off the coast in Delaware Bay, a seemingly routine shipment destined for a nearby Philadelphia refinery. Read More »

Enterprise says clients must pay for dock work as BP grumbles

Reuters | February 25, 2015 | Energy | Maritime

Enterprise Products Partners LP said on Wednesday that companies using its crude oil storage facility in the Houston Ship Channel must pay extra for dock services, brushing off complaints from client BP Plc . Read More »

Tanker crew members freed after kidnapping off Nigeria

Reuters | February 25, 2015 | Energy | Maritime

Three crew members of a Maltese-flagged supertanker, who were kidnapped by pirates three weeks ago off Nigeria, have been released, Greece’s foreign ministry said on Wednesday. Read More »

Sunoco Logistics shuts West Texas crude pipeline after “anomaly”

Reuters | February 25, 2015 | Energy | Pipeline

Sunoco Logistics Partners LP shut down its 300,000 barrel-per-day West Texas Gulf Pipeline that carries crude oil from the Permian Basin to the U.S. Gulf Coast on Wednesday after an “anomaly” was discovered, according to a notice the company sent to shippers that was obtained by Reuters. Read More »

White House: Obama vetoes Keystone XL pipeline bill

Reuters | February 24, 2015 | Energy | Pipeline | Intermodal | Rail

President Barack Obama on Tuesday vetoed a Republican bill approving the Keystone XL oil pipeline from Canada, the White House confirmed. Read More »

Buckeye says 8 U.S. Midwest pipelines overbooked for March

Reuters | February 17, 2015 | Energy | Pipeline

Buckeye Partners LP said on Tuesday nominations for eight of its refined product pipeline segments in the United States were overbooked for March. Read More »

South Africa aims to boost gas import infrastructure

Reuters | February 17, 2015 | Breakbulk & Projects | Projects | Energy

South Africa plans to improve infrastructure such as pipelines and ports to boost gas imports for use in power generation, the acting director general of the department of energy said on Tuesday. Read More »

Transportation group Ceo says cutting Highway Trust Fund shortsighted

AJOT | February 16, 2015 | Breakbulk & Projects | Energy | Maritime | Rail and Road

American Public Transportation Association (APTA) President and CEO Michael Melaniphy says eliminating public transit funding from the Highway Trust Fund would be shortsighted. Read More »

E.ON seals pipe and shipping deals to export LNG from U.S.

Reuters | February 12, 2015 | Energy | Maritime

German utility E.ON is expanding its global liquefied natural gas (LNG) business after signing tanker and pipeline deals allowing it to export from the United States, undeterred by weakening market conditions. Read More »

House sends Keystone Pipeline Bill to President

AJOT | February 12, 2015 | Breakbulk & Projects | Projects | Energy | Pipeline

Transportation and Infrastructure Committee Chairman Bill Shuster (R-PA) released the following statement after the House voted to send a measure approving construction of the Keystone XL Pipeline project to the President Read More »

E.ON seals pipe, shipping deals to export LNG from U.S.

Reuters | February 12, 2015 | Energy | Maritime

German utility E.ON will be able to produce and export liquefied natural gas (LNG) from the United States for 20 years after signing deals on Thursday to charter tankers and receive feed gas. Read More »