Energy.
Global coal demand set to increase this year amid Middle East conflict
The IEA Mid-Year Update sees higher natural gas prices spurring a shift towards coal in some regions in 2026, with the Strait of Hormuz situation key for the 2027 outlook Energy market disruptions caused by the conflict in the Middle East are pushing global coal demand higher this year as sharp rises in natural gas prices prompt countries to turn to alternative sources, according to the IEA’s…
Energy-efficiency measures first as low-GHG fuels and technologies scale
In an age of regulatory shift, geopolitical uncertainty and commercial pressure it can be difficult to keep decarbonisation efforts on track. How can you plan for tomorrow when today’s realities are…
Equinor acquires bp’s interest in Bay du Nord project
Equinor has reached an agreement with bp to acquire its interest in the Bay du Nord project offshore Canada, increasing Equinor’s ownership to 100%. The transaction reflects bp’s ongoing portfolio…
Skuld announces UK Emission Trading Scheme for Maritime entering into force on 1 July 2026
Following the EU regulations aimed at reducing greenhouse gas (GHG) emissions in shipping, the UK Emission Trading Scheme (UK ETS) for Maritime became effective on 1 July 2026 and applies to domestic…
ASRY celebrates its 200th Offshore Rig Project Milestone following the completion of the VALARIS 250 Bob Palmer project
The Arab Shipbuilding and Repair Yard Company celebrated the completion of its 200th offshore rig project, marking the successful delivery of the VALARIS 250 offshore rig project. The event brought…
PETRONAS and Regional Partners advance Offshore oil recovery
PETRONAS, through Malaysia Petroleum Management (MPM), has signed a Memorandum of Understanding with regional Exploration and Production operators and University Technology PETRONAS to jointly…
“K” LINE signs shipbuilding contracts for four LNG-fueled car carriers for European Short-sea Business
Kawasaki Kisen Kaisha, is pleased to announce that it has signed shipbuilding contracts with China Merchants Jinling Shipyard for four 1,380-vehicle capacity LNG dual-fuel car carriers. The vessels…
MOL invest in the first offshore LNG liquefaction facility in the United States
Upstream LNG Value Chain Expansion Mitsui O.S.K. Lines, together with Delfin Midstream, a group of investors led by Global Infrastructure Partners , a part of BlackRock, and Vitol has reached a Final…
TotalEnergies signs the extension of the Waha Concessions until 2050 in Libya
On January 24th, during the Libya Energy & Economy Summit in Tripoli, Patrick Pouyanné, Chairman and Chief Executive Officer of TotalEnergies signed an agreement extending the Waha…
Noble Corporation announced new awards totalling $1.3 Billion and strategic entry into the Norwegian Floater Market
Noble Corporation announced new contract awards for 9 rigs comprising approximately $1.3 billion of backlog, including a three-year contract for the harsh environment semisubmersible Noble…
Oldendorff Carriers deploys eMarine’s energy optimisation technology
Oldendorff Carriers (Oldendorff) has partnered with Swedish technology provider eMarine to advance energy efficiency across its fleet through Variable Frequency Drive technology. As part of the…
Hanwha Ocean advances Newfoundland LNG project as part of broader CPSP-linked industrial partnership in Canada
Hanwha Ocean announced today that it has signed a strategic Memorandum of Understanding (MOU) with Fermeuse Energy to jointly advance the Newfoundland and Labrador LNG development project in Canada.…
OFAC targets shadow fleet vessels and facilitators supporting Iranian oil exports
Friday, amidst the Iranian regime’s brutal crackdown on peaceful protestors and its complete shutdown of internet access to conceal its abuses against the Iranian people, the U.S. Department of the…
ENGINE: Europe & Africa Bunker Fuel Availability Outlook
The following article regarding Europe and Africa bunker fuel availability has been provided by online marine fuel procurement platform ENGINE for post on Singapore bunkering…
Indian refiners shift oil strategy; trim Russian buys and turn to MidEast
Indian refiners are redrawing crude import strategies to shift away from top supplier Russia and boost imports from the Middle East, a move that could help New Delhi clinch a trade deal with the…
Veolia and SBM Offshore join forces to combat global water scarcity with innovative floating desalination solution
Partnership combines Veolia’s world-leading water technologies and desalination expertise with SBM’s offshore engineering capabilities to deploy innovative freshwater floating production units.…
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