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Partners to test Bio-Fuel oil on offshore decommissioning project

Heavy lift shipping and offshore transportation and installation contractor Jumbo, and marine biofuel company GoodFuels, announced a joint initiative to test marine Bio-Fuel Oil on an offshore decommissioning project. The partnership paves the way for a fossil fuel to renewable energy transition in the offshore support sector.

Yamal LNG reaches 20 million tons of LNG produced

Yamal LNG has shipped its twentieth million ton of LNG since the commencement of the project. Namely, the new Arc7 ice-class tanker “Vladimir Voronin” loaded the 273rd cargo as the project reached 20 million tons of LNG produced since the start-up of Train 1 in December 2017.

Spain’s LNG imports increase by 48.9% in June

Based on data from the LNG terminal operator Enagás, Spain’s LNG imports rapidly increased by 48.9% in June, in comparison to the same month last year. Accordingly, the LNG imports reached about 20.7 terawatt-hours (TWh) in June 2019, in comparison to 2018 June’s 13.9 TWh that was reported.

Greece, Israel, US, Cyprus to boost energy cooperation

Greece, Israel, Cyprus and the US agreed to boost cooperation in energy, as well as cyber and infrastructure security, Greek Energy Minister Kostis Hatzidakis said, following a meeting among the ministers of the four countries in Athens, Wednesday. 

MOL signs MoU with COSCO expanding relations on LNG projects

Mitsui O.S.K. Lines, Ltd. (MOL) signed a Memorandum of Understanding with COSCO SHIPPING Energy Transportation Co., Ltd., that boosts they’re already existing cooperation for future LNG carrier projects and Ethane carrier projects.

New MoU eyes renewable diesel refinery in Lethbridge

Vancouver-based Cielo Waste Solutions Corp. announced that it has entered into a Memorandum of Understanding (MoU) with Renewable U LA to build a renewable diesel refinery in the City of Lethbridge, Alberta, Canada.

Australia seeks to buy emergency oil supplies from the US

In a bid to boost Australia’s alarmingly low domestic fuel stocks, the Australian government is negotiating with the Trump administration to buy millions of barrels of oil from the US’ tightly guarded fuel reserve. This follows a report by MUA raising concerns on the country’s extremely low liquid fuel reserves. 

Italian Saras Group to begin bunkering operations in Cagliari

Saras Group, opetor of the refinery plant based in Sarroch, Sardinia, Italy, published its H1 2019 financial report, according to which it will proceed with its bunkering operations in Cagliari this month. The company will start on August the bunkering business in Cagliari area that is expected to contribute positively to the Group results.

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