China’s major oil and gas player PetroChina Company Limited on Friday (15 July) estimated its net profit for the first half of 2022 will increase between RMB 26.5 billion and RMB 32 billion, representing a year-on-year increase of between 50% to 60%.
The estimated growth in profit of the firm is primarily due to its increasing efforts in exploration and development of oil and gas, growth in reserves and production, commitment to quality improvement, and low-cost development.
It is also attributable to rising international oil prices and a gain in both volume of production and sales of crude oil and natural gas, as compared with the corresponding period of the previous year.
As a result, the company’s net profit is forecast to increase by between RMB 42 billion to RMB 48 billion in 1H 2022, compared to the same period in 2021.
Moving forward, PetroChina said it will develop new energy and materials to promote green and low-carbon energy transformation and development.
Rotterdam’s intention to mandate the usage of MFMs goes down well with licensed bunker supplier VT Group; MFM providers supportive of move but stressed continuous monitoring is needed for optimum performance.
Cost of alternative bunker fuels, bunker operations and technology advancement are some considerations to be examined by the maritime industry, says Neo, director of SDE International Pte Ltd.
Kim Hyung Joon and Han Donghoon were planning to join the Singapore entities of Hartree Group - either Hartree Partners Singapore Pte Ltd or Hartree Marine Fuels - in October, discovered management.
‘When you think of Helmsman on the next occasion, think of us as lawyers with expertise in various fields. Come to us before a problem develops. It’s the process that matters,’ says Tang Chong Jun, Executive Director.
Bernard Chew was a former shareholder of MB Marine and was an authorised signatory of the company’s cheques at the material time, according to court documents obtained by Manifold Times.
Maersk, CMA CGM, BP and Stena Bulk give insights on availability of the three potential bunker fuel types, their plans, transition from fuel oil and LNG to alt fuels, how important sustainable marine fuels are to shipowners and more.