Fuel Markets Confirm Global Growth Slowdown: Kemp

By John Kemp LONDON, Aug 16 (Reuters) - If the global economy starts to grow more slowly, the impact will show up first in the price of refined fuels such as road diesel, marine gasoil and jet fuel that play a central role in the freight transport system. Middle distillate fuels are principally burned in the high-powered engines used in trucks, railroads, ships, barges … [Read more...]

Stalled FSRU Ready for Start-Up Off Bangladesh

By Ruma Paul DHAKA, Aug 2 (Reuters) - A vessel that arrived in Bangladesh in April to offload its maiden cargo of liquefied natural gas and moor permanently as an import terminal should begin operations "within a week" after bad weather hampered its start-up, an official said on Thursday. The floating storage and regasification unit (FSRU) will allow Bangladesh to import LNG … [Read more...]

John Browne: Oil and Gas Companies Will Lead Energy Revolution

By John Browne (Bloomberg Opinion) -- When it comes to climate change, I have always been a believer: not in hand-wringing debate, not in unrealistic solutions like the elimination of hydrocarbons, but in the power of action. In 1997, as chief executive of BP, I was the first leader of a major oil company to acknowledge that climate change was a problem, and that the … [Read more...]

As Mexico’s Oil Sector Sputters, Crime and Violence Rattle Industry Towns

By Gabriel Stargardter PARAISO, Mexico, June 28 (Reuters) - Until recently, Edgar Barrera enjoyed a life many Mexicans could only hope for. In a few short years, the 36-year-old bookkeeper rose from handyman to white-collar worker at what seemed to be one of the most stable companies in Latin America: state-owned oil firm Pemex. Thanks to Pemex, Barrera met his wife, … [Read more...]

DNV GL: Oil and Gas Industry Execs Predict ‘Step Change’ for Market in 2018

The oil and gas industry is finally shows signs of rebound more than three years since global oil prices crashed, with senior oil and gas executives expecting a 'step change' in the industry’s capex, opex and R&D spending levels in 2018, according to new research from DNV GL. The positive outlook was released Thursday as part of DNV GL's eighth annual oil and gas report, … [Read more...]