Number of methanol-powered vessels doubles in 12 months

This post was originally published on this siteThe surging demand for methanol-powered ships over the past 12 months has been triggered by the shipping industry’s accelerating decarbonization push, which has resulted in ordering of 40 methanol-powered ships. The post Number of methanol-powered vessels doubles in 12 months appeared first on Offshore Energy.

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Canada’s Strathcona signs $1.8bn deal to buy oil driller Serafina

This post was originally published on this site Canadian oil and gas producer Strathcona Resources has signed a deal to acquire private equity-backed Serafina Energy for C$2.3bn ($1.8bn), reported Reuters, citing sources with direct knowledge of the matter. Canadian intermediate heavy oil company Serafina Energy owns properties that are strategically comprised of high-quality, proven, low

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Stronger export margin, slow domestic demand support China's Aug gasoil outflow jump

This post was originally published on this siteStronger gasoil export margin, and slower than expected domestic demand recovery is likely support China to increase outflow of the barrel to over 1 million mt (240,000 b/d) in August, which can be a one-year high, refinery sources with knowledge about the matter and analysts said on Aug.

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