Energy.
Odfjell Drilling received Letter of Award from Vår Energi
Odfjell Drilling announced a Letter of Award with Vår Energi ASA for use of the Deepsea Bergen. The scope of work awarded covers a period of three years, starting in early 2028, following completion of the Deepsea Bergen’s current contract. The firm backlog covered under the LOA has an estimated contract value of USD 518 million, including mobilisation fees, but excluding annual…
Equinor extends helicopter contract worth NOK 1.7 billion
Equinor has extended its agreement with CHC Helikopter Service for personnel transport and search and rescue services in Central Norway until 2030. Equinor has exercised two options with CHC. The…
Governments around the world commit to making energy efficiency a cornerstone of energy policy amid Strait of Hormuz crisis
Dozens of governments from across the globe issued a joint statement today agreeing to make energy efficiency a cornerstone of energy policy, recognising its critical role in building resilience…
Renewable shipping fuel supply at risk as EU Proposal threatens key delivery pathway
Eurogas and 44 co-signatories are warning that proposed changes to EU sustainability certification rules could undermine liquefaction by equivalence, a key pathway used to supply bioLNG and eLNG to…
MEG offshore sector resilience in the short term, structural risks on the horizon
Owners and operators seek options as secondary impacts from the Strait of Hormuz closure continue to ripple across Gulf energy markets and into Asia A combination of contract terminations, spiralling…
BW LPG exits investment in confidence petroleum India following sale of 8.50% equity stake
BW LPG announces that it has completed the sale of its 8.50% equity stake in Confidence Petroleum India Limited Following the announcement made on 20 May 2025 on BW LPG’s cessation of investment in…
ACG celebrates first non‑associated gas
bp, as operator of the Azeri–Chirag–Gunashli field development, today announced on behalf of the ACG co‑venturers – SOCAR, MOL, INPEX, ExxonMobil, TPAO and ONGC Videsh – the commencement of…
“K” LINE secures time charter contract of newly built liquefied CO2 carrier for Northern Lights
Kawasaki Kisen Kaisha, is pleased to announce that, jointly with Malaysia-based MISC Berhad, it has secured a time charter contract for a newly built 12,000 m3 liquefied CO2 carrier from Northern…
McDermott awarded EPCI Contract for Al Nasr Field Development Project
McDermott has been awarded a major* contract by ADNOC for engineering, procurement, construction and installation (EPCI) services for the Nasr-115 Expansion Project, located approximately 130…
DeepOcean completes U.S. offshore wind contract
Global ocean services provider DeepOcean has successfully completed trenching and survey operations on inter-array cables for a U.S. offshore wind project. DeepOcean’s scope of work encompassed…
Global LNG supply set to jump in 2026, limiting prices and spurring demand
Global supply to rise to as much as 484 million tons in 2026 Asia 2026 demand to rise as much as 7%, led by China and India Europe imports driven by storage needs, higher gas consumption…
Seadrill announces multiple contract awards
Seadrill announced the following contracting updates for the West Capella, West Elara and West Carina. In Malaysia, the ultra-deepwater drillship West Capella has secured a contract with an…
UK, Indonesia to strengthen clean energy collaboration
The UK and Indonesia have agreed to establish an economic growth partnership to facilitate bilateral trade and investment in areas including clean energy. The countries aim to strengthen regulatory…
EIA expects lower gasoline prices in 2026 and 2027 as crude oil prices fall
Data source: U.S. Energy Information…
HSFO market structure pares back from recent strength
Strength in Asia's high sulphur fuel oil (HSFO) market pared slightly on Tuesday, with timespreads easing after firming the previous day, though the market still held near a floor.…
Trafigura signs offtake agreement for advanced sustainable aviation fuel produced from biogas
Trafigura Pte Ltd ("Trafigura"), a market leader in the global commodities industry, has signed a binding six-year offtake agreement with SP Developments Uruguay S.A. (“Syzygy”), a subsidiary of…
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