Europe
Oil prices edge up to two-week high on dip in US output
NEW YORK (Reuters) — Oil futures edged up less than 1% after hitting a two-week high on Thursday, extending a rally into a sixth straight session after a decline in weekly US crude production temporarily alleviated concerns about deepening oversupply.
Concordia Maritime signs time charter contract for P-MAX Tanker
GÖTEBORG, Sweden — Concordia Maritime has signed a contract to charter out the P-MAX tanker Stena Paris. The contract is for one year, with an option for a further year, and runs from July 2017 to July 2018. The contractual partner is one of the world's largest oil and gas companies.
UAE energy minister says no talk about further OPEC supply cuts
PARIS (Reuters) — There is no talk of further oil output cuts by the Organization of the Petroleum Exporting Countries and its allies despite only a slow drawdown in inventories, the United Arab Emirates' energy minister said on Thursday.
US thirst for European gasoline stalls, casting shadow on demand
LONDON (Reuters) — Europe's steady exports of gasoline to the United States have slowed substantially this year as tanks filled in the world's largest consumer nation and once-meteoric demand growth slowed.
Lithuania hopes for closer energy ties with Poland after PKN deal
VILNIUS (Reuters) — A deal between Poland's biggest oil refiner PKN Orlen and Lithuanian Railways agreed on Wednesday on new fees for transporting oil products could pave the way for more cooperation between the two countries on energy projects.
Metso signs distribution agreement with Process Control Equipment
Metso has signed a distribution agreement for its valve products with Process Control Equipment (PCE) to cover UK, Benelux and Spain. Under the non-exclusive agreement, PCE will add to its current portfolio of Metso's Neles and Jamesbury product families for all process industries in all countries. PCE has been distributing Metso's Jamesbury valves in the UK since 2012.
Cyber attack hits oil giant and banks in Russia and Ukraine
MOSCOW/KIEV (Reuters) — A ransomware attack hit computers across the world on Tuesday, taking out servers at Russia's biggest oil company, disrupting operations at Ukrainian banks, and shutting down computers at multinational shipping and advertising firms.
OPEC in no rush on deeper oil output cut, to look at in July
LONDON (Reuters) — OPEC will not rush into making a further cut in oil output or end some countries' exemptions to output limits, OPEC delegates said, although a meeting in Russia next month is likely to consider further steps to support the market.
Gunvor refinery completes modernization project with Implico
HAMBURG/INGOLSTADT — Software and consulting company Implico announced the successful completion of a major modernization project for loading processes at the Gunvor refinery in Ingolstadt. Field equipment for tank truck filling was replaced on all 12 loading bays. Work on the project was completed early this year.
Total launches second ‘Plant 4.0’ incubator on IIoT with five new partners
PARIS — Total is today launching its second Plant 4.0 start-up incubator, joined this year by Air Liquide, AREVA, Eiffage, Solvay and VINCI Energies. This is the very first multicorporate Plant 4.0 start-up incubator in the world. The partners’ common goal is to accelerate the deployment of digital technology in industry.
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