Energy.
Vallourec and Aramco strengthen their partnership through the signing of an agreement for the supply of Oil Country Tubular Goods
Vallourec, a world leader in premium seamless tubular solutions, announces the signing of an agreement with Aramco to further strengthen the two companies’ commercial, industrial, and technological ties. The agreement was signed as part of the recent French- Saudi Investment Roundtable Meeting in Paris. Vallourec and Aramco have maintained a business relationship since 1962, when they entered…
Nordic TSOs: Strong growth in grid connection requests challenges the power system
The Nordic TSOs are experiencing an unprecedented increase in grid connection requests. While national frameworks differ, we face many of the same challenges. Close cooperation is essential to learn…
Chevron signs 20-Year power agreement with Microsoft for West Texas Data Center
Chevron Corporation announced that Energy Forge One LLC, a wholly owned subsidiary, has signed an agreement with Microsoft Corp. (NASDAQ: MSFT) to develop a co-located power facility in West Texas…
Saipem new offshore contract awarded by Azule Energy for the greater PAJ project in Angola worth a total of 1 billion USD
Saipem has been awarded a new offshore contract by Azule Energy Exploration Limited and Azule Energy Angola , subsidiaries of an incorporated joint venture owned by Eni and bp, mainly for…
bp signs three production sharing contracts in Indonesia
bp and its partners signed three Production Sharing Contracts in Indonesia, bringing bp’s total participation in oil and gas blocks in the country to 11. Two of the PSCs are for the Bintuni and…
Trafigura signs 434MW hybrid power purchase agreement with Nadara in Spain
Trafigura, a market leader in the global commodities industry, has signed a 10-year hybrid Power Purchase Agreement with Nadara, a leading Independent Power Producer, covering 434MW of renewable…
Fuel shortages raise concerns over fuel tank levels on car carriers
The conflict in the Middle East and resulting fuel shortages have led to questions within the shipping industry about whether vehicles transported on car carriers can be shipped with larger amounts…
ZESTAs launches Global Liquid Hydrogen Alliance to accelerate Zero-Emission Shipping
The Zero Emissions Ship Technology Association (ZESTAs) today launched the Global Liquid Hydrogen Alliance (Alliance), a new international platform dedicated to advancing pure green hydrogen and…
Russia’s monthly oil and gas revenue poised to hit lowest since August 2020
Annual oil and gas revenue to fall short of budget projection Returns hit by cheaper crude and stronger rouble Oil and gas accounts for a quarter of federal budget proceeds Russian state…
EIA forecasts U.S. crude oil production will decrease slightly in 2026
Data source: U.S. Energy Information Administration, Short-Term…
MOL, China’s largest fuel supplier SINOPEC, Marubeni sign MOU to establish long-term supply system for marine biodiesel fuel
Mitsui O.S.K. Lines, announced that MOL, China's largest fuel supplier SINOPEC Zhejiang Zhoushan Petroleum , and Marubeni Corporation which holds the top share in the marine fuel sales market for…
EU countries’ ambassadors approve phase out of Russian gas imports
European Union countries' ambassadors on Wednesday greenlit the bloc's plan to phase out Russian gas imports by late 2027, a spokesperson for Denmark's EU presidency said, clearing one of the…
Nakwol Offshore Wind Farm begins commercial power generation
Korea’s Largest Offshore Wind Power Project Starts Partial Operation Korea’s largest offshore wind power project, the Nakwol Offshore Wind Farm in South Jeolla Province, has commenced its…
Oil and Gas Price Mechanism – Setting the right baseline by Westwood
HM Treasury’s Oil and Gas Price Mechanism (OGPM) aims to replace the Energy Profits Levy (EPL) with a permanent regime to target windfall revenues. While the move promises fiscal clarity, there are…
Korean Government aims to expand Offshore Wind Power to 25GW by 2035
Plans to Secure Annual 4GW Installation Capacity Through Dedicated Port Construction and WTIV Building The government has decided to significantly expand the cumulative installation capacity…
BYD Energy Storage and Corvus Energy sign strategic MoU to accelerate marine battery innovation
BYD Energy Storage, a global leader in the energy storage sector, and Corvus Energy , the market leader in marine energy storage systems announced the signing of a Memorandum of Understanding to…
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