Global energy, petrochemicals and metals information provider Platts launched a jet fuel microsite yesterday aimed at the energy information needs of the aviation industry. “We’re pleased to introduce a one-stop source of global jet fuel news and price data that we believe will further enhance transparency in and broader understanding of the aviation fuel markets,” said Platts global editorial director of oil Dave Ernsberger.
Oil speculators’ uneasiness over the resurgence of the “Arab spring” is the main factor driving jet-A prices ever closer to–and in some cases beyond–$6 per gallon, according to aviation fuel consultant Mark Wagner. Jet-A prices in the continental U.S. are now averaging $5.64 per gallon, ranging from $3.94 in the Great Lakes region to $6.01 in the Eastern region, current data from AirNav shows.
The price of Brent Crude, which is refined to make jet-A and other fuels, continues to rise and stood at $124.20 per barrel late yesterday.
What does it take to make a million barrels of “green” oil a day? According to San Diego, California-based Sapphire Energy (Hall 3 E118), the answer lies in combination of new environmentally friendly technologies. Sapphire aims to be producing about 67 barrels (2,800 gallons) of its fuel per day by 2014. By 2018, it hopes to be producing between 5,000 and 10,000 barrels of green crude per day.
Federal officials said they would move quickly to circumvent and appeal a U.S. District Judge’s injunction on June 22 to overturn President Obama’s six-month ban on new deepwater offshore oil drilling in the Gulf of Mexico. The President imposed the ban after the April 20 Deepwater Horizon explosion. Under the ban, the Interior Department stopped issuing new drilling permits and halted drilling at 33 exploratory wells.
Federal officials said they would move quickly to circumvent and appeal a U.S. District Judge’s injunction Tuesday to overturn the Obama Administration’s six-month ban on new deepwater offshore oil drilling in the Gulf of Mexico. Under the ban, which was imposed shortly after the April 20 Deepwater Horizon explosion, the Interior Department stopped issuing new drilling permits and halted drilling at 33 exploratory wells.
Chevron Global Aviation, which operates five oil refineries, “will withdraw from marketing Chevron- and Texaco-branded aviation fuels in 27 states [approximately 200 locations],” the company said in a statement issued last week.
Chevron has unveiled the newest topic in its online FBO training series, titled Refueler Operator Training. The course–available for employees of Chevron- and Texaco-branded FBOs–provides line personnel a review of safe fuel-handling practices and techniques to improve efficiency. The self-paced interactive program features animations, graphics and demonstrations as well as step-by-step instructions.
In the 12 months since the last NBAA convention, most indicators show that business aviation flight hours dropped as aircraft operators and flight departments were squeezed between a shaky economy and unstable fuel prices. Those two factors resulted in reduced demand for jet fuel.
Two pilots and five passengers aboard an Aerogulf Bell 212 died September 3 when their helicopter crashed onto the oil drilling platform Resilient off the coast of Dubai. The crash, which occurred on takeoff from the rig, triggered a post-impact fire and caused the helicopter to break up and fall into the sea, according to Petrofac, the operator of Dubai’s offshore oil fields, and the United Arab Emirates’ General Civil Aviation Authority.
If dealing with the price of fuel consumes more of your time than any other facet of running your department, Everest Aviation Resources has a solution. “We’re a fuel management company,” Noel Donald, president and CEO of the Baytown, Texas company, told AIN.