US-headquartered energy company Valero has reported a net income of $1.1 billion for the third quarter (Q3) of 2025, up from $364 million in Q3 2024. In a statement issued today (23 October), the company said that its Refining segment reported operating income of $1.6 billion for the quarter, compared to $565 million for the same period last year. Lane Riggs, Valero’s Chairman, Chief Executive Officer and President, said: ‘We are pleased to report strong financial results for the third quarter, highlighting our long-standing track record of operational and commercial excellence. ‘Our refinery throughput utilization was 97%, with the Gulf […]

In its Q3 2025 round-up of fuel sampling results, Bureau Veritas VeriFuel has found that the average percentage of fuels tested that were found to be off-spec (in terms of the ISO 8217 specification) was the lowest of the year to date across very low sulphur fuel oil (VLSFO), high sulphur fuel oil (HSFO), and distillate marine fuel (DMA 0.10%) grades. In its newly released statistics, which include quarterly fuel quality information dating back to Q1 2022, a quarterly average of 0.8% of HSFO samples were off-spec in Q3 this year, which is the lowest percentage since the 0.5% recorded […]

Monjasa has informed ship.energy that it has been named an official NATO fuel provider following a tender submission last year. In a statement sent to ship.energy today (22 October), Monjasa said that the contract was awarded by the NATO Support and Procurement Agency (NSPA) to Monjasa’s Danish entity, Monjasa A/S, and comprises fuel deliveries across a total of five Areas of Operations (AOOs). The contract runs for an initial fixed period of one year plus an additional two-years option. As part of the contract, Monjasa will be providing fuel services to NATO in the capacity of reseller and through Monjasa’s […]