Oil and Gas News World-wide September 2013

• Harouge Oil Operations tenders pump station study – New pumping control and data systems planned for Libya Amal field.
• Russia the world?s biggest energy exporter, will probably boost duties on most oil shipments abroad by 5.5 percent on Sept. 1st.
• IBIA Annual Convention, Date: 5-7 Nov 2013, Location: Sheraton Hong Kong Hotel & Towers, Hong Kong, Hong Kong, Organiser: International Bunker Association (IBIA)
Details: The IBIA Annual Convention is an opportunity for members of the International Bunker Industry Association to meet and make their views heard.
Key topics to be discussed at this year’s event are:
• Market drivers, including ‘Cleaning up the air in Hong Kong’
• Short Delivery?
• Buying & Selling: Asian bunker growth & the global impact.
• Educating for growth.
• Oil Terminal – International Congress on Transportation, Storage and Trans shipment,
Date: 21-22 Nov 2013, Location: , St Petersburg, Russia, Organiser: Vostock Capital
Details: This annual congress covers new development and expansion projects at Russian terminals, pipeline and rail routes, as well as providing a broad overview of European best practice in the development of oil hubs (Hamburg, Antwerp, Amsterdam, Rotterdam), and in designing new export routes and attracting investments in port capacity improvement. The congress will also aim to help find solutions to the logistical issues of crude oil, liquefied gas and oil products storage and transshipment. The event also includes an exhibition of ports / terminals, technologies and equipment – the tank farms and terminals A special focus is placed on the commercial and technological issues of tank farm and terminal operation. Topics covered includes investments in oil terminals, designing and financing the construction of tank farms, terminals and loading / offloading racks, appraisal of a project’s prospects, as well as the latest technology and know-how of safe transportation and terminals operation.
• Fuel Oil Shipments to Asia Rise to 2.3 Million Tons in September more fuel oil cargoes were scheduled last week to arrive in Asia in September from western countries, shipping data shows. At least 12 tankers, including very six large crude carriers, or VLCCs, are booked to arrive in the region from the U.S., Europe and the Caribbean, according to data from shipbrokers including Poten & Partners Inc., Clarkson Plc (CKN) and ICAP Shipping International Ltd. and information from traders. The ships are set to carry 2.3 million metric tons of fuel oil, compared with 360,000 tons booked as of the previous week. Some fixtures are provisional and may be changed or cancelled. August arrivals rose to 4.2 million tons from 3.9 million tons, the data show. Fuel oil’s East-West spread, or the premium of Asian cargoes to European prices, was $21.27 a ton on Aug. 2, up from $7.03 a ton a week earlier, according to Bloomberg data. It has averaged $28.11 this year. The following is a summary of tankers reported as contracted to carry fuel oil to Asia. Volumes are in thousands of tons. Arrival times are calculated based on information on the e-ships.net website and assume a total of four days for loading and discharging at ports. A VLCC can carry about 270,000 tons of oil.

• World demand for lubricants is forecast to increase 2.4 percent per year to 43.6 million metric tons in 2017.
• Longreach Oil & Gas has signed a contract with Italian company Saipem SpA to provide a drilling rig for two wells on its Sidi Moktar Exploration Licence Area onshore Morocco.
• Clariant Presents the EcoTain® Life Cycle for Safer, Long Lasting Lubricants.
• Global transformer oil market revenue is estimated to reach $2.46 billion by 2017.
• BPCL in talks with Manali Petro for its petchem plans.

• Genel Energy is expecting to significantly step up its oil production in the Kurdistan region of Iraq and estimates that full year production to be between 45,000 to 55,000 bpd. Genel said in its half year results that revenue jumped to US$160.6 million in the first six months of 2013 from $123.1 million a year earlier.

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