Energy.
Goldman ups oil price forecasts as Mideast disruptions seen extending into 2027
Goldman Sachs raised its Brent and WTI crude price forecasts on Sunday, expecting shipping disruptions in the Middle East to persist into next year. The team, led by Daan Struyven, lifted its Brent/WTI forecasts by $5 to $85/80 per barrel for December 2026 and to $80/75 for 2027. Markets, the strategists said, are increasingly pricing in a prolonged conflict: Brent spot futures have climbed to…
Equinor announced agreement on concept for Ringvei Vest – combining several discoveries in one project
Equinor and its partners have agreed on the concept for Ringvei Vest, a large subsea development project linked to the Troll B platform in the Norwegian North Sea. This marks an important…
Hong Kong launches incentives to boost alternative fuel uptake
Hong Kong’s Marine Department (MD) will introduce two new incentive schemes from 16 June to encourage greater use of alternative marine fuels. Both programmes will remain in place for three years.…
MOL, JERA sign long-term time charter contract for 2 ammonia carriers
Major Step in Establishing Japan's First Large-Scale Low-Carbon Ammonia Value Chain Mitsui O.S.K. Lines, announced the signing of a long-term time charter contract with JERA for two very large gas…
Entreprise Générale du Cobalt, EVelution Energy and Trafigura sign MOU to establish direct US–DRC cobalt supply chain
Entreprise Générale du Cobalt, EVelution Energy and Trafigura announced the signing of a tripartite Memorandum of Understanding to establish a framework for the long-term supply of Congolese…
Bunker Holding appoints Mikkel Kannegaard as Chief Operating Officer
Bunker Holding has appointed Mikkel Kannegaard as Chief Operating Officer, effective 13thMay. Since joining as Head of Global Supply in August 2025, Mikkel Kannegaard has played an important role…
Corvus Energy and BYD Energy Storage strengthen partnership with strategic cooperation agreement to advance next generation maritime battery technology
Corvus Energy , the global leader in zero‑emission maritime energy solutions, and BYD Energy Storage, a global leader in the energy storage sector, signed a Strategic Cooperation Agreement that…
Russian-flagged tanker linked to sanctioned LNG loading as shadow fleet expands
A Liquefied Natural Gas (LNG) tanker that recently shifted to a Russian flag appears to be loading fuel from a U.S.-sanctioned energy project. According to ship-tracking data compiled by Kpler, the…
Nuclear-powered containerships could unlock $68 million in annual savings and eliminate GHG emissions
A new industry report reveals how nuclear propulsion creates competitive advantage for both operators and charterers through superior economics and performance. Nuclear-powered…
Major developing economies move on green shipping corridors
A new report from the Getting to Zero Coalition identifies 25 new green shipping corridors – trade routes designed to demonstrate and scale novel zero-emission fuels, vessels, and technologies –…
Equinor and Shell complete formation of Adura
Equinor and Shell have completed a deal to combine their UK offshore oil and gas operations to form a new company. Adura, which launched today, will be the UK North Sea’s largest independent…
TotalEnergies strengthens its global collaboration with Chevron
Further to an ongoing discussion of global exploration opportunities between TotalEnergies and Chevron, TotalEnergies EP Nigeria has signed a farmout agreement to sell to Star Deep Water…
PETRONAS and Eni sign investment agreement to establish regional energy partnership
PETRONAS and Eni, through their respective subsidiaries, signed an Investment Agreement to establish a regional upstream joint venture company. This milestone marks a major step forward for PETRONAS’…
Lloyd’s Register signs global partnership with EIC to strengthen energy transition role
As EIC’s Platinum Global Partner, LR will play a central role in shaping conversations that drive the energy transition, innovation, and sustainable growth worldwide. Lloyd’s Register (LR) has…
Petrobras will supply renewable-content fuel for COP 30
Product will be used in generators and bus fleets During the 30th United Nations Climate Change Conference (COP 30), which will be held in Belém (PA) from November 10 to 21, Petrobras will contribute…
UKCS pipeline interconnectivity demonstrates the importance of a managed transition
Westwood’s latest report for Offshore Energies UK (OEUK) examines offshore infrastructure trends and the challenges of early closure of infrastructure on the UK Continental Shelf (UKCS). Here’s a…
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