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Oil & Gas Supply
Slim Bunker Demand Pressures Low-Sulphur Fuel Oil
The increased use of vessel exhaust scrubbers has boosted HSFO demand, narrowing the spread with lower-sulphur bunker fuel, write Sammy Six and Sarah GiamVery-l…
LNG
Buhari Promises Fuel Delivery Assistance to Burundi Amid Fuel Scarcity in Nigeria
President Muhammadu Buhari promised fuel delivery assistance to Burundi on Tuesday, January 3rd, 2023.According to a statement made available by the Special Adv…
Oil & Gas Trade
Ip Signs Deal to Buy Exxonmobil’s Fuel and Refining Assets in Italy
The Italian private petroleum company Italiana Petroli (IP) has signed an agreement to purchase fuel and refining assets owned in Italy by Esso Italiana, a subs…
Oil Price
Italy Expects to Raise $4.2 Billion From Windfall Tax and Power Price Cap
The Italian government expects to raise around $4.2 billion (4 billion euros) from a new windfall tax on energy companies and a price cap on the electricity pro…
United States
US Refiners Turn to Middle East for Fuel Oil After Russia Import Ban
US refiners began snapping up fuel oil cargoes from the Middle East this month after President Joe Biden banned Russian oil imports over the country's invasion …
Carbon Emissions
CO2 Plans could Drive up EU Fuel Oil Exports
EU proposals to add CO2 emissions costs and taxes to conventional marine fuel prices starting in 2023 could reduce Europe's residual fuel oil demand for bunkeri…
Energy Security
Syrian Oil Spill Spreads Into Mediterranean, May Reach Cyprus
Cypriot authorities are monitoring slick, as latest satellite imagery shows fuel oil leak from Baniyas power plant larger than anticipated
Oil & Gas Trade
Iraq to Sell Lebanon 1 mil mt/year of Heavy Fuel Oil in Barter Deal
Iraq has agreed to sell Lebanon 1 million mt/year of heavy fuel oil in return for "goods and services" in a barter deal that should help OPEC's second-biggest p…
Oil & Gas Supply
Singapore Fuel Oil Inventories Sink to Over 3-Month Low
Singapore residual fuel oil inventories fell 5% in the week ended July 7, dropping to a 3-1/2 month low despite steady net import volumes, official data showed …
Hybrid Power Plant
Malian Gold Mine Powered by 30 MW/15.4 MWh of Solar-Plus-Storage
The solar-plus-storage facility will reduce heavy fuel oil consumption by 13.1 million liters per year.
Thermal Plant
Wärtsilä Converts Taiwanese Cogen Plant to Natural Gas
Taiwanese power generation company Ta-Yuan Cogen has selected technology firm Wärtsilä to reduce its reliance on heavy fuel oil for power generation.
Combined cycle power plant
Siemens Energy’s Turbine Technology Helps Cyprus go Green
In order to shift the island of Cyprus from heavy fuel oil to natural gas, construction company Cyfield has chosen Siemens Energy to supply technology and long-…
LNG
Innovative Floating LNG Regasification Plant in Ghana gets Funding
Development set to reduce heavy fuel oil use, improve gas supply security, cut energy generation costs and significantly cut Co2 and sulphur dioxide emissions.
Oil & Gas Trade
BP-Sinopec Bunker Venture to Start Fuel Oil Deliveries to Fujairah
The BP and Sinopec marine fuel bunkering joint venture will start deliveries of high sulfur and low sulfur fuel oils to Fujairah next month.
Thermal Plant
'Azerbaijan' Thermal Power Station - Only Power Station in Country Capable of Operating on Fuel Oil
‘Azerbaijan' thermal power station is the only power station in Azerbaijan that can operate on fuel oil.
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