Australia’s largest operator of oil and gas production Woodside Petroleum reportedly intends to enhance the quality of its Vincent crude from July onwards, reports Reuters.
The company plans to increase the crude oil’s flash point so that it can be blended into very low sulphur fuel oil (VLSFO) for capturing a higher value revenue stream.
The increase in flash point will be made feasible by reducing blends from the Cimatti field off Western Australia into the Vincent crude product.
The company also purportedly plans to export two Vincent crude cargoes per month.
Photo credit: Woodside Australia
Published: 26 May, 2020
The top three positive movers in the 2020 bunker supplier list are Hong Lam Fuels Pte Ltd (+13); Chevron Singapore Pte Ltd (+12); and SK Energy International (+8), according to MPA list.
‘We will operate in the Singapore bunkering market from the Tokyo, with support from local staff at Sumitomo Corporation Singapore,’ source tells Manifold Times.
Changes include abolishing advance declaration of bunkers as dangerous cargo, reducing pilotage fees on vessels receiving bunkers, and a ‘whitelist’ system for bunker tankers.
Claim relates to deliveries of MGO to the vessels Pacific Diligence, Pacific Valkyrie, Pacific Defiance, Crest Alpha 1, and Pacific Warlock between March 2020 to April 2020.
3,490 mt of LSFO from Itochu Enex was lifted at Universal Terminal; the same bunker stem was bought by Global Marine Logistics and delivered by bunker tanker Juma to receiving vessel Kirana Nawa.
Representatives of Veritas Petroleum Services, Maersk, INTERTANKO, ElbOil Singapore, and SDE International provide insight from their respective fields of expertise on what lies ahead.