Sapura Energy receives second approval in principle from financiers for its restructuring exercise

Sapura Energy Berhad received written confirmation from the Corporate Debt…


Newbuilding LNG carrier for TotalEnergies named MOL Azure ~ engaged in Global Energy Supply ~

Mitsui O.S.K. Lines, announced that it held a naming ceremony for a…


Prosafe's Safe Zephyrus contract extension with Petrobras

Prosafe has signed a contract extension with Petróleo Brasileiro S.A.…


Chevron bolsters US Gulf of Mexico production with Whale Facility Startup

Chevron Corporation  announced the start of oil production from the Whale…


Tax Update Shipping & Offshore – January 2025

1. Netherlands 1.1 Tonnage Tax Regime: No EU/EEA Flag Requirement in 2025 In…


Provaris term sheet for hydrogen supply and offtake with Uniper

Highlights: Provaris, Uniper and Norwegian Hydrogen sign a conditional Term…


“K” LINE joins the e-NG coalition, an International e-Methane Alliance

Kawasaki Kisen Kaisha,  joins the e-NG Coalition, the world's first…


Saipem and AVEVA sign a MoU to develop AI solutions for engineering in the energy and infrastructure sector

Saipem and AVEVA are partnering to develop cutting-edge AI-driven solutions to…


Equinor the highest natural gas production ever from a Norwegian field

In 2024, the Troll field in the North Sea produced more gas than ever before.…


Maximising fuel efficiency across different sailing phases

Understanding varying fuel consumption patterns Different sailing phases –…


U.S. LNG exports soar in December, lifting full-year growth by 4.5%

U.S. LNG exports reached near record levels in December, rising to 8.5 million…


EU should cap gas prices at 60 euros per megawatt hour, Italy says

The European Union should extend its emergency cap on gas prices and set a…


China imported record amounts of crude oil in 2023

China, the world's largest importer of crude oil, imported 11.3 million…


Alternative-fuelled ship orders grow 50% in 2024

Shipowners continued to invest for a future of lower emissions in 2024, with…


Saudi Arabia may increase February oil prices for Asia

Top oil exporter Saudi Arabia may raise crude prices for Asian buyers in…


India’s petroleum exports plunge amid weak global demand, Red Sea disruptions

Exports of petroleum products took a hit in November, weighed down by sluggish…


US crude stocks fall, gasoline and distillate inventories rise – EIA

U.S. crude stocks fell while gasoline and distillate inventories rose in the…


Weaker natural gas assuming no surprises

European storage draws quicker than expected The European natural gas market…


Seadrill announces sale of Jack-Up West Prospero

Seadrill Limited announced that it has completed the sale of the jack-up rig…


Asia Fuel Oil: Window activity thin; cautiousness on fundamentals remain

Asia’s fuel oil markets began the week with slow trading momentum, with…


Russia’s 2024 LNG exports up 3%, half going to Europe

Russia’s exports of liquefied natural gas (LNG) increased by 3% in 2024 to…


ABS and Akselos sign Floating Wind MOU

Collaboration Focused on Engineering and Certification ABS and Akselos have…


Equinor completes the 10 percent stake of Ørsted

Equinor has completed the acquisition of 10 percent of the shareholding in…


KNOC commences full-scale Drilling at 'Daewang Whale' Project in East Sea

West Capella Rig begins 40-50 day operation to secure Rock Samples for Oil and…


Solstad Offshore ASA – Investment in Omega Subsea

Solstad Subsea Holding , a wholly owned subsidiary of Solstad Offshore ASA, has…


Progress update on hydrogen supply chain and prototype tank activities

HIGHLIGHTS Significant progress made on finalising a Term Sheet with Uniper…


Clean Arctic response to Kerch Strait heavy fuel oil spill from antiquated tankers

Responding to the sinking of two Russian oil tankers in the Kerch Strait on…


Van Oord dredging work completed for Prinses Amaliahaven in Rotterdam

Dredging work in the Prinses Amaliahaven on the Maasvlakte in Rotterdam has…


Allseas gears up for historic Australian decom job

Planning and preparation has started for the largest offshore decommissioning…


Geoquip Marine expands fleet with sustainable vessel conversion

Geoquip Marine (Geoquip), a global leader in offshore geotechnical solutions…


NYK and ENEOS sign agreement for Sale and Purchase of Marine Fuel with CDR Credits Created Through DACCS

On December 11, Nippon Yusen Kabushiki Kaisha (“NYK”) and ENEOS Corporation…


“K” LINE's operated vessel to receive supply of Marine Biofuel for the first time in Japan

Kawasaki Kisen Kaisha,  is pleased to announce that , marine biofuel was…


Seadrill announces Brazil contract award for West Tellus

Seadrill Limited announced the ultra-deepwater drillship, West Tellus , was…


Study finds LNG dual-fuel vessels lowest cost compliance solution to decarbonise shipping

Industry coalition SEA-LNG analysis shows that LNG dual-fuelled vessels provide…


Chevron Australia signs long-term gas supply deal with Alcoa

U.S. oil giant Chevron’s CVX.N Australian unit said on Tuesday it would supply…


Seadrill announces Brazil contract award for West Jupiter

Seadrill Limited announced the ultra-deepwater drillship, West Jupiter , was…


Russia’s November seaborne oil product exports up 5.6% on month, Reuters calculations show

Russia’s seaborne oil product exports in November rose 5.6% from a month…


Aker Solutions ASA Aker Solutions earns Aker BP M&M extension

Aker Solutions has signed a sizeable two-year contract extension for…


Gasum acquires biogas filling station in Joensuu from Wega Group

The station offers compressed biogas, but Gasum is planning an expansion to…


Subsea7 confirms contracts offshore Norway

Subsea7confirmed the award of three contracts by Aker BP; a major contract for…


New oil and gas discovery near the Troll field in the North Sea

Equinor has made a discovery 17 kilometres west of the Troll field in the…


PETRONAS unveils Energy Asia awards to honour excellence in energy transition

PETRONAS  introduced the Energy Asia Awards as part of Energy Asia 2025, an…


Aker Solutions and ABB awarded FEED contract for GreenVolt project in the UK

Aker Solutions and ABB have been awarded a front-end engineering and design…


TotalEnergies sells 50% of its shares in a gas power plant in the United Kingdom

TotalEnergies announces the sale to EPUKI, the UK subsidiary of EPH, of 50% of…


North Sea still to come under pressure; Aramco OSP cuts target China

Commentary summary: - WTI (Afras) and Black Sea crudes look less competitive…


MOL and QatarEnergy sign long-term time charter of six newbuilding LNG carriers

Expanding the World's Largest LNG Fleet Mitsui O.S.K. Lines announced that it…


Lewis Hamilton makes final visit to PETRONAS HQ in Kuala Lumpur to bid farewell to employees and supporters

Seven-time Formula One World Champion Lewis Hamilton makes final visit to…


Chevron upgrades Pasadena refinery to increase capacity, feedstock and product flexibility

Facility increases equity Permian crude processing capacity, bolstering…


bp and JERA joining forces to create top-tier global offshore wind joint venture

Creating strategic platform for growth, combining high-quality operating and…


TotalEnergies and OQAE sign agreements to develop 300 MW of renewable projects in Oman

In line with its multi-energy strategy in the Sultanate of Oman, TotalEnergies…


Subsea7 awarded contract in the US Gulf of Mexico

Subsea7  announced the award of a substantial1 contract from Beacon Offshore…


ExxonMobil announces plans to 2030 that build on its unique advantages

Expects to deliver growth potential of $20 billion in earnings and $30…


Northern Endurance Partnership launches the first CCS project in the UK with the participation of TotalEnergies

Northern Endurance Partnership  announced financial close, allowing to proceed…


Equinor and partners approve execution of UK’s first carbon capture and storage projects

Equinor, alongside project partners, has announced financial close after…


Neste joins Ahti Pool

 Neste is the world's leading producer of sustainable fuels and renewable…


Chevron upgrades Pasadena Refinery to increase capacity, feedstock and product flexibility

Facility increases equity Permian crude processing capacity, bolstering…


Mason Capital Management-Led Consortium completes acquisition of CB&I

All-cash equity transaction positions CB&I for long-term growth…


Equinor approaching start-up for Johan Castberg

Equinor and its partners Vår Energi and Petoro expect the Johan Castberg…


TotalEnergies completes the acquisition of the Upstream Gas assets of SapuraOMV in Malaysia

TotalEnergies finalized the acquisition of the interests of OMV (50%) and…


Sapura Energy completes SOMV divestment

Sapura Energy Berhad  announced that its wholly owned subsidiary, Sapura…


Chiel de Leeuw appointed Chief Commercial Officer at Econowind

Full speed ahead on reducing fuel consumption in shipping  Econowind, a leading…


McDermott completes CB&I divestment to consortium of investors led by Mason Capital Management

McDermott International, announced it has completed the sale of its CB&I…


Equinor realises value from exits in international upstream business

Equinor has closed transactions exiting the upstream businesses in Azerbaijan…


Fossil fuels are the basis of modern life says Rosneft CEO

Today’s energy system is based on fossil fuels, which account for more than…


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