Russian ESPO crude freight rates plunge amid tanker surplus
Freight rates for ESPO Blend crude oil being transported from the Russian port…
U.S. oil companies spent less on interest over the last decade despite higher rates
Higher oil prices, increased drilling efficiency, and structurally lower debt…
SBM offshore signs installation contract for bp’s Kaskida project in US Gulf
SBM Offshore USA, has signed a contract with BP Exploration and Production for…
Construction begins on Greensand’s CO₂ transit terminal at Port Esbjerg the first gateway for Carbon storage in the EU
Groundbreaking marks key milestone for Carbon Capture and Storage establishing…
ABS Publishes Industry-Leading Advisory on Dual-Fuel Propulsion
Choosing the right dual-fuel propulsion system for a new vessel requires a…
TotalEnergies and OQEP break ground at Marsa LNG
Marsa LNG will be one of the lowest carbon intensity LNG plants in the world…
U.S. imports of major transportation fuels decreased in 2024
U.S. imports of petroleum products decreased by 210,000 barrels per day (b/d)…
Solstad Offshore ASA – contract update in Brazil
Solstad Offshore ASA is pleased to announce multiple contract awards with…
Wind Energy BGH rules out early ordinary termination of use agreements before start of construction
The German Federal Court of Justice settled the important question – for the…
First European built offshore CO₂ carrier to be christened and launched on May 14
The completion of Europe’s first offshore CO₂ carrier marks a pivotal…
A wave of DEME Green at the Antwerp 10 miles
The streets of Antwerp were transformed into a sea of DEME green yesterday…
Woodside approves Louisiana LNG development
Woodside has made a final investment decision to develop the three-train,…
Calpine, ExxonMobil sign CO2 transportation and storage agreement for power generation project
ExxonMobil to transport and store up to 2 million metric tons per year of…
Vitol launches new FuelEU compliant co-processed VLSFO offering for marine customers
Vitol Bunkers is to offer customers FuelEU compliant co-processed bunkering…
Asia's Perspective on the Future: Powering Economic Prosperity through equitable transition
Asia plays a central role in the global efforts to achieve…
India boosts buying of Russia’s ESPO oil in April as Chinese demand eases
India increased purchases of ESPO Blend oil from Russia in April to the…
Saipem awarded a contract by Eni for Carbon Capture and Storage in the UK
Saipem has been awarded a contract by Eni in the UK for the Liverpool Bay CCS…
Asian spot LNG prices hold at 1-year low as demand remains tepid
Prices of Asian spot liquefied natural gas (LNG) inched up this week amid…
Chevron starts oil production from Ballymore project in Gulf of Mexico
Chevron Corporation announced that it started oil and natural gas production…
DEME supports new maritime simulator for students at Maritime Institute Mercator in Ostend
Students at the Maritime Institute Mercator in Ostend can now gain additional…
OMV Petrom's sustainability statement aligned with the new European ESG reporting framework
The Sustainability Statement is included in the 2024 Annual Report, which…
Europe Gas Prices little changed on healthy supply
Dutch and British wholesale gas prices were little changed on Thursday morning…
Lloyd’s Register expands Global Fuel Finder with new biofuels capability
The enhanced platform supports safer, more sustainable fuel strategies in an…
Gasum’s biogas reduces carbon footprint of paperboard manufactured by Metsä Group
Metsä Group aims to make all of its mills fossil-free by 2030, and using biogas…
LS Marine Solution achieves first offshore wind construction, eyeing global expansion
LS Marine Solution is accelerating its domestic and global market expansion…
Europe Gas prices mixed on economic concerns and storage needs
Dutch and British wholesale gas prices were mixed on Tuesday morning, with…
US Energy dominance faces Long-Term challenges, Wood Mackenzie report finds
While the United States currently dominates global oil and gas production, it…
TotalEnergies’ Antwerp Platform adapts to energy transition challenges and market trends
TotalEnergies’ Antwerp platform provides an update on its investments for the…
MODEC wins ExxonMobil Guyana’s Hammerhead FPSO contract
MODEC announced that it has been awarded a contract by ExxonMobil…
Vallourec wins a new major line pipe contract for Brazil's Buzios offshore field
Vallourec, a world leader in premium seamless tubular solutions, announces that…
Saipem renews framework agreement with Saudi Aramco for offshore activities
Saipem has signed a renewal for its framework agreement with Saudi…
TotalEnergies announced the start of production from the deepwater Ballymore field offshore U.S
TotalEnergies announces the start of production from the deepwater Ballymore…
Chevron starts oil production from Ballymore Project in Gulf of Mexico
Chevron Corporation announced that it started oil and natural gas production…
Amogy accelerates commercialisation of Ammonia Cracking Catalyst in partnership with JGC
First Pilot Plant Deployment of Amogy’s Low Ruthenium Content Catalyst Marks…
Fortescue and CMB.TECH sign agreement for ammonia-powered ore carrier
Fortescue has signed an agreement with Bocimar, part of CMB.TECH, to charter a…
India eyes ending import tax on US ethane and LPG in trade talks, sources say
India plans to end taxes on U.S. ethane and liquefied petroleum gas (LPG)…
FLNG Gimi completes first LNG offload
Golar LNG Limited announced that FLNG Gimi completed the offload of its first…
bp completes loading of first cargo from Greater Tortue Ahmeyim LNG project
bp has safely loaded the first cargo of liquefied natural gas (LNG) for export…
U.S. crude oil production rose by 2% in 2024
U.S. crude oil production grew by 270,000 barrels per day (b/d) in 2024 to…
PETRONAS Energy & Gas Trading continues to work closely with stakeholders to stabilise gas supply
PETRONAS Energy & Gas Trading , as one of the licensed gas shippers in…
China is set to import more Russian LNG in 2025, ambassador says
China is set to increase its imports of Russian liquefied natural gas (LNG)…
Lloyd’s Register and Pusan National University partnership to drive innovation in liquefied hydrogen carrier technology
The partnership aims to advance liquefied hydrogen carrier technology,…
Sapura Energy O&M wins close to RM100 million in contracts for offshore support vessels in Malaysia and Thailand
Sapura Energy Berhad is pleased to announce that its Offshore Support Vessel…
European LNG imports to rise 25% in 2025, IEA forecasts
Europe’s imports of liquefied natural gas (LNG) are set to increase by a…
bp announces oil discovery in the Gulf of Mexico
bp announced an oil discovery at the Far South prospect in the deepwater U.S.…
TotalEnergies to offtake 1.5 Mtpa of LNG from the future train 4 of Rio Grande LNG facility
TotalEnergies signs with NextDecade to purchase 1.5 Mtpa of LNG for 20 years…
Major step for geothermal energy in Asia - Baseload Capital and Google forge corporate PPA
Long-term partnership to supply Google’s operations in Taiwan with clean, firm…
Russia lacks infrastructure to replace US LPG for China
Russia’s exporters of liquefied petroleum gas are unlikely to be able to…
Lloyd’s Register, Seatransport and Deployable Energy developing nuclear power for ships
Queensland's ship design group Seatransport and Houston-based Deployable…
Öresundskraft and INEOS led Project Greensand Sign Agreement to store 210,000 tonnes of CO2 per year from Sweden in Denmark
Öresundskraft Kraft & Värme AB and INEOS on behalf of Project Greensand…
Samsung Heavy Industries nears 2.5 billion FLNG order with ENI for Mozambique project
It was reported on April 14 that Samsung Heavy Industries is on the brink of…
Gazelle Wind Power secures TUPEM authorisation to launch its 2 MW Floating Wind Demonstrator off the Coast of Aguçadoura, Portugal
Gazelle Wind Power has achieved a significant project milestone with the…
Subsea7 awarded contract in the US
Subsea7 announced the award of a sizeable1 contract by Shell Offshore Inc. for…
SBM Offshore signs a US$1.1 billion Revolving Credit Facility
SBM Offshore announces that it has signed a US$1.1 billion unsecured Revolving…
US Secretary of Energy Chris Wright meets UAE Energy Leaders at ADNOC HQ
US Energy Secretary’s first international visit marks the enduring and…
Eni and KKR completes the acquisition of an additional stake in the share capital of Enilive
Eni and KKR have closed the transaction contemplated by the investment…
Europe Gas: Prices remain volatile amid tariff, gas storage target uncertainty
Dutch and British gas prices are lacking clear direction on Friday morning but…
Van Oord prepares for a sustainable future with large investments
2024 was a busy year for Van Oord, with 229 projects completed in 39…
Energiequelle plans a green hydrogen park in Oulu, Finland
The European renewable energy group Energiequelle is reserving a site for a new…
Positioning Equinor for higher value creation from power
Equinor establishes a new business area and appoints Helge Haugane as new…
Sapura Energy O&M secures contract for maintenance, construction and modification services in Malaysia
Sapura Energy Berhad announced that its wholly owned subsidiary, Sapura…
ABO Energy explores hydrogen and synthetic fuel production in Oulu, Finland
The German ABO Energy group has been granted a planning reservation to build a…
Asia Fuel Oil: Spot differentials stable, outright prices plummet
Spot differentials for fuel oil were little changed on Monday as trading…
Finally, Bunker surcharges decline
Oil prices are highly volatile, but Drewry tracking of average marine bunker…
US Gulf drillship fleet heading into rough waters - a Westwood Insight
The US Gulf drillship sector is facing a lull in activity not seen since 2018.…
Hanwha Ocean celebrates launch of next-gen drillship "Tidal Action" at Geoje Yard
Hanwha Ocean marked a significant milestone in its strategic expansion into the…
Shell lowers first-quarter LNG production outlook
Shell lowered its first-quarter liquefied natural gas (LNG) production outlook…
EU countries could loosen gas storage targets in time for winter
European Union countries negotiating changes to the EU’s gas storage targets…
Why Europe’s diesel imports are falling despite ample Atlantic supplies
The Atlantic Basin has seen seasonal highs in diesel flows multiple times in…
Scana-owned PSW Power & Automation AS secured a contract for offshore E-House module
Scana-owned PSW Power & Automation AS has secured a contract to design,…
Stillstrom and Panama Canal join forces to decarbonise maritime logistics
Stillstrom by Maersk and the Panama Canal Authority (ACP) have signed a…
FSRU Terminal Program enters its crucial phase – GAZ-SYSTEM has selected the Contractor for the jetty and the offshore pipeline
GAZ-SYSTEM signed a contract with the Consortium consisting of GAP INŞAAT…
Five more years for the Well Intervention and Stimulation Alliance
Aker BP, together with SLB and Stimwell Services, has extended its alliance…
Woodside announces Louisiana LNG partnership with Stonepeak
Woodside has entered into a binding agreement with Stonepeak, a leading global…
Middle East LPG exports hit record high in March, but India’s retreating appetite to pose headwinds
Middle East LPG (excluding Iran) exports hit an all-time high of 1.49 mbd in…
Trump’s tariffs already have a major carve-out - Oil and gas
Almost unnoticed in the sweeping new import tariffs announced by U.S.…
Shell to sell interest in Colonial Enterprises Inc. to Brookfield subsidiary
Shell Midstream Operating LLC (SMUS), a subsidiary of Shell plc (“Shell”),…
PETRONAS extends support to those affected by Gas Pipeline Incident
PETRONAS wishes to express its deepest sympathies to all individuals and…
Eni Joule officially launches the business incubation and training program for 35 Congolese entrepreneurs
The initiative aims to support the growth of a new generation of entrepreneurs…
Geoquip Marine secures €100million Bond to accelerate fleet enhancements and strategic growth
Use of proceeds to be split between capital expenditure to fund two ongoing…
Ripple effects from Equinor in Norway continue to grow
A new report finds that deliveries within exploration, development projects…
DFO contracts Vary for one offshore subsea construction vessel
VARD, one of the major global designers and shipbuilders of specialized…
MOL completes Biofuel Bunkering on a Capesize Bulk Carrier for BHP
Mitsui O.S.K. Lines, announced the successful completion of a…
TotalEnergies closes three international acquisitions of renewable portfolios integrated power
Europe: 500 MW installed or under construction and a pipeline of more than 15…
Ulusoy Sealines joins Gasum’s FuelEU Maritime pool as offtaker
Gasum’s pool is the most reliable option for Ulusoy Sealines, which transports…
Johan Castberg strengthens Norway as a long-term energy exporter
31 March, at 10.35, the Johan Castberg oil field in the Barents Sea came on…
LNG's critical role in shipping’s energy transition revealed in Lloyd’s Register’s latest ‘Fuel for Thought’ report
Fuel for Thought: LNG provides a comprehensive analysis of LNG’s current…
Norwegian Hydrogen with investment decision at Rjukan
Norwegian Hydrogen has now made the investment decision for a new hydrogen…
The Grandpuits conversion into a zero-crude platform continues and TotalEnergies will meet all its commitments
The ongoing conversion of the Grandpuits refinery is entering a key phase. Over…
Flex LNG accepted resignation by CEO Øystein Kalleklev
Flex LNG herby announce that the Company’s Board of Directors, under the…
Equinor industrialising plugging operations on the Norwegian continental shelf
Island Drilling Company AS has been awarded a three-year contract for well…
Tiel-Waardenburg dyke reinforcement large-scale sustainable construction is feasible
Implementation of the Tiel-Waardenburg dyke reinforcement started in 2023.…
TotalEnergies and partners launch the 2nd phase of Northern Lights CCS project in Norway
Northern Lights will increase its CO2 storage capacity to more than 5 Mt per…
Investing 7.5 billion in expansion of the groundbreaking Northern Lights CCS-project
Equinor, Shell and TotalEnergies have made a final investment decision to…
Ørsted reaches German onshore wind milestones: Bahren West I Wind Farm now in operation, Bahren West II Wind Farm about to start construction
Ørsted has reached important milestones for both phases of its combined 112 MW…
Russia sees global oil demand rising by up to 1.5 million bpd in 2025
Russia’s Deputy Prime Minister Alexander Novak said that global oil demand was…
Castrol launches new cyltech range
Castrol, one of the world’s leading lubricant brands, has launched its all-new…
Prices edge lower amid mild temperatures, Ukraine ceasefire talks
Dutch and British wholesale gas prices edged lower on Monday morning as…
Excelerate Energy advances growth strategy with acquisition of Jamaica Downstream LNG and Power Infrastructure Business from New Fortress Energy
Addition of Complementary, Fully Integrated Downstream LNG and Power Platform…