North American oil, power and gas trading: 7 things to look out for in 2025

Last year was an eventful year for North American oil, power and gas. From…


Petrobras begins the binding phase of the Tartaruga field in the Sergipe-Alagoas basin

Petrobras, further to the notice disclosed on November 27, 2024, hereby…


Petronas transfer of Kebabangan Cluster PSC operatorship to ConocoPhilips

PETRONAS, through Malaysia Petroleum Management, marked a milestone in the…


Enilive begins SAF production at its plant in Gela Sicily, capable of meeting one third of Europe’s demand

Enilive announces the commissioning of its first plant to produce Sustainable…


Aker Solutions signs long-term strategic partnership with Vår Energi

Aker Solutions enters a strategic partnership agreement to deliver maintenance…


Chevron achieves first oil at future growth project in Kazakhstan

Chevron Corporation  announced that its 50 percent owned affiliate…


Petrobras announces extension of FPSO Cidade de Angra dos Reis production in the Tupi field

Petrobras announces that, on behalf of the Tupi field consortium, the company…


FLNG Gimi received first gas from the GTA Field

Golar LNG announced that on January 18, 2025, FLNG Gimi received feed gas from…


Sweco key partner in future-proofing the electricity grid in Eastern Denmark

The Danish distribution system operators Cerius-Radius and their joint service…


Norwegian Hydrogen acquires Aker Horizons' hydrogen project in Rjukan

Norwegian Hydrogen has firmly established itself as a leading producer of green…


PETRONAS reaches final investment decision for the Hidayah Development Project

PC North Madura II Ltd., a subsidiary of PETRONAS, has reached the Final…


DeepOcean’s subsea services offering reinforced by vessel capacity extensions

Ocean services provider DeepOcean strengthens its subsea offering following…


India refiners ask ADNOC to offer oil delivered price as freight spikes, sources say

Indian state refiners have asked Abu Dhabi National Oil Co (ADNOC) to offer…


A delayed energy transition could make or break the upstream sector

Prices would rise, capital discipline evolve and spending increase by 30% for…


Asia Fuel: Premiums rise on uncertainty around Feb supply

Spot premiums for fuel oil rose on Monday, supported by supply uncertainty in…


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…


Brent crude oil prices traded in a narrow range in 2024

Benchmark Brent crude oil futures prices averaged $80 per barrel (b) in 2024,…


Excelerate Energy completes 3,000th LNG ship-to-ship transfer operation

Excelerate Energy, announced that on December 28, 2024, the Company safely…


Tax Update Shipping & Offshore – January 2025

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


U.S. energy production exceeded consumption by record amount in 2023

In 2023, energy production in the United States rose 4% to nearly 103…


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…


North America’s LNG export capacity is on track to more than double by 2028

North America's liquefied natural gas (LNG) export capacity is on track to…


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…


Geopolitical Tensions may increase global oil and gas sector volatility

Significant geopolitical developments, such as military escalation in the…


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…


Monjasa explores LNG bunkering in the UAE

Global top 10 marine fuels supplier, Monjasa, introduces the UAE’s first…


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…


AAL triumphs at the World Energy Supply Chain Awards 2024

The Energy Industries Council  has awarded premium multipurpose, heavy lift…


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…


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