Energy.
Global coal demand set to increase this year amid Middle East conflict
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 latest update on the coal sector. Although virtually no coal shipments pass through the Strait of Hormuz – as the Middle East is neither a major producer nor consumer of…
Biofuel Bunker Snapshot: B30-VLSFO prices fall across Europe and Asia
Europe Rotterdam’s B30-VLSFO (POMEME) price has dropped $34/mt in the last week. This drop comes despite an $11/mt gain in the Dutch port’s VLSFO price. The B30-VLSFO price premium over conventional…
Naftogaz and US Delegation discuss equipment, LNG Supplies, and joint investment projects at URC 2026
Naftogaz Group held a series of substantive meetings with the United States delegation during the Ukraine Recovery Conference 2026 in Gdansk. This year saw the largest US delegation in the history of…
Perenco Vietnam signs Gas Sales and Purchase Agreement for Su Tu Trang, Block 15-1 Phase 2B, Offshore Vietnam
Perenco Vietnam announced the signing of the Gas Sales and Purchase Agreement (GSPA) for the Su Tu Trang Phase 2B project on Block 15-1, offshore Vietnam. Su Tu Trang Phase 2B will supply more than…
Government and regulators must remove their barriers to offshore charging uptake in offshore wind
Requiring offshore charging in feasibility assessments for new offshore wind farms will drive standardisation in design and development and lower procurement costs. - Contracts for difference…
Subsea7 awarded contract offshore Norway
Subsea7 announced the award of a substantial¹ contract by Vår Energi for the Goliat Gas Export Project, located in the Barents Sea, offshore Norway. The Goliat Gas Export Project will enable the…
Eni and partners approve investment for Baleine Phase 3 in Côte d’Ivoire
During a ceremony held in Abidjan in the presence of the Minister of Mines, Petroleum and Energy of Côte d’Ivoire, Mamadou Sangafowa-Coulibaly, Eni and its partners Petroci and Vitol approved…
Reach Subsea signs MoA with Beacon Offshore in Australia
Reach Subsea has entered into a Memorandum of Agreement (MoA) with Beacon Offshore Ltd., establishing a strategic partnership to jointly pursue subsea projects in Australian waters. Under the…
Korean Shipbuilders expected to win most orders of LNG carriers this year
Expectations are growing that the domestic shipbuilding industry will succeed in securing a large number of orders as forecasts suggest that liquefied natural gas carrier orders could reach up to…
Equinor major contract awards to Norwegian supplier industry
Equinor awards framework agreements to seven supplier companies with a total value of around NOK 100 billion. These agreements lay the foundation for safe and competitive operations at Equinor’s…
Hydrogen’s potential and its limits for decarbonisation highlighted in LR’s latest Fuel for thought report
Fuel for thought: Hydrogen offers a comprehensive exploration of hydrogen’s potential in shipping’s energy transition. Lloyd’s Registerhas published the latest report in its award-winning Fuel…
Bahrain shipyard ASRY Offshore Division gears up for 200th drill rig repair milestone
ASRY Offshore Division gears up for 200th project milestone The offshore division of Arab Shipbuilding and Repair Yard (ASRY) in Bahrain is on track to deliver its 200th project milestone in the…
Vantris awarded major work orders under existing Transport & Installation Contracts
Vantris Energy Berhad announced that its indirect wholly-owned subsidiary, Sapura Offshore Sdn Bhd, has been awarded work orders for offshore transportation and installation (“T&I”) in Malaysia…
Solstad Offshore announced contract extension and amendment for Normand Turquesa
Reference is made to the previous press release dated 9 July 2025 regarding the four-year contract for the Anchor Handling Tug Supply (AHTS) Normand Turquesa with Petrobras. The current Normand…
Use of artificial intelligence saved Equinor USD 130 million in 2025
Artificial intelligence (AI) contributed to value creation and savings for Equinor and its partners amounting to USD 130 million in 2025. AI is now utilized on offshore platforms and land…
The New German Carbon Dioxide Storage and Transport Act
With the recodification of its Carbon Dioxide Storage and Transport Act (des Kohlendioxid-Speicherung-und-Transport-Gesetz, “KSpTG”), the German government is taking a decisive step towards…
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