Kupe light crude oil ready to ship
Speaking on behalf of the Kupe joint venture, Origin said a tanker ship will begin loading the 120,000-180,000-barrel shipment from the Kupe gas project next week. The shipment is contracted to BP and is bound for the Kwinana Refinery in Australia.
Origin, which owns half the project, shares the joint venture with Genesis Energy, New Zealand Oil & Gas and Mitsui E&P Australia.
Since early-December 2009, the project has produced natural gas, liquefied petroleum gas (LPG) and light crude oil. It
More on Oil & refined products
Energy Risk Europe Leaders’ Network: geopolitical risk
Energy Risk’s European Leaders’ Network had its first meeting in November to discuss the risks posed to energy firms by recent geopolitical developments
US shutdown leaves commodity traders without key data
Commodity traders are ‘flying blind’ without Commitment of Traders reports
Energy Risk at 30: Learning from the past
Energy Risk looks back at the seminal events and developments that have shaped today’s energy markets
Why Iran tensions failed to rattle markets
Despite initial fears, traders say risks were signposted and investors had deleveraged after April
Oil and products house of the year: Macquarie Group
Energy Risk Awards: Bank pioneers innovative deals in illiquid markets, taking on esoteric risk
Podcast: should negative oil prices be allowed?
Did negative oil prices signify the market was operating effectively, or that something was wrong?
Podcast: the future of retail investment in oil
Will negative prices and big losses curb retail investors’ appetite for oil futures over the longer term?
Podcast: Kaminski and Ronn on negative oil and options pricing
The market is gravitating to the Bachelier model as an alternative to Black 76
