Economics
ClassNK awards approval in principle for methanol fuel supply system developed by Mitsui E&S Shipbuilding
ClassNK reviewed Mitsubishi Shipbuilding's system conceptual design based on part A of its "Guidelines for Ships Using Alternative Fuels," integrating IMO Interim Guidelines, and issued the AiP upon confirming compliance with prescribed requirements.
Astrid Maersk arrives in Shanghai for first green methanol bunkering in China
Maersk achieved a milestone as the large methanol-enabled vessel “Astrid Maersk” berths at Yangshan port in Shanghai, for the first green methanol bunkering with simultaneous cargo and bunkering operations in China.
Maersk names second vessel of its large methanol-enabled fleet “Astrid Maersk” in Japan
In a ceremony held in Yokohama, Japan today, the world's second large methanol-enabled container vessel was named "Astrid Mærsk".
Singapore fuel oil stockpiles extend slide to five-week low
Singapore's onshore fuel oil stockpiles extended declines to a five-week low, although inventory levels continued to average higher compared to last month.
UAE's ADNOC recently eyed bp as takeover target, sources say
The United Arab Emirates' state-owned oil company recently considered buying Britain's bp but the deliberations did not progress beyond preliminary discussions.
Russian oil and products trapped on tankers hit by new Iran-related sanctions
Russian oil and products have become trapped at sea on four tankers after the U.S. hit the vessels with fresh Iran-related sanctions
Sinopec starts production at 3 MMtpy PTA plant
Chinese state-owned oil and gas giant Sinopec has started production at a 3 MMtpy PTA plant in eastern Jiangsu province.
Russia begins diesel exports to Sudan
Russia has begun diesel exports to Sudan as Moscow seeks new markets for its refined products after an EU embargo.
Trafigura consortium in talks to buy Exxon oil refinery in France
Rhone Energies, a consortium of commodity trader Trafigura and Entara LLC, is in exclusive negotiations with Exxon Mobil's ESSO SAF to acquire the Fos-sur-Mer refinery in southern France and the Toulouse and Villette de Vienne terminals.
Kent plays integral role In ExxonMobil's investment In Fawley UK petrochemical complex
Kent, a leading global engineering and project management company, announced its significant involvement in ExxonMobil's $1.04-B investment in its Fawley petrochemical complex.
- ABB introduces Unification X to enable seamless control room integration 4/23
- South Africa's Sasol aims for green jet fuel exports to EU 4/23
- Kenya, Tanzania and neighbors discuss joint refinery as Dangote offers to build it 4/23
- Asia deepens refining cuts due to Iran war, putting diesel and jet fuel supplies at risk 4/23
- U.S. fund and Indonesian oil group to make offer for Sicilian refinery ISAB 4/23
- Japan's ethylene plant run rate hits record low of 68.6% in March 4/23
