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European refiners see life after IMO 2020 / FOCUS

European refiners see life after IMO 2020 / FOCUS

London - As the 2020 deadline for the International Maritime Organisation’s (IMO)global sulphur cap on bunker fuels draws closer, Europe’s refiners are now starting to respond. Confirmed as 2020 in October last year, the IMO cap was seen by some as a bridge too far for Europe’s ailing refiners

Scorpio to snap up Navig8 product tanker fleet

Scorpio to snap up Navig8 product tanker fleet

Monaco - Scorpio Tankers (STI)is to merge with Navig8 Product Tankers to form one the world’s largest product tanker owning companies. As part of the deal, STI will acquire Navig8’s 27 operating product tankers. The merger is expected to close in the second or third quarter of 2017

Gondan delivers dual fuel tug

Gondan delivers dual fuel tug

Madrid - Spanish shipbuilder Astilleros Gondan has delivered “Dux”, the first dual-fuel tug built in Europe, to Norway’s Østensjø Rederi. Designed by Robert Allan, the state of the art escort vessel is the first tugboat in a series of three that will provide tug services to Statoil at its far-north terminal

OPEC extends oil output cut by nine months to fight glut
Kuwait says OPEC to discuss 6-, 9-month output cut extensions
Tunisia protesters close second oil pump station
GE: $15 billion of business deals with Saudis

GE: $15 billion of business deals with Saudis

Ryadh - U.S. technology and engineering conglomerate GE said on Saturday it had signed $15 billion of business deals with Saudi Arabia as part of the kingdom’s drive to diversify its economy beyond oil. It came as dozens of senior U.S. business executives met Saudi counterparts at a conference

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