Energy.
Saipem awarded a new contract in Türkiye for the client GOE Petrol Sanayi
Saipem has been awarded a new contract by GOE Petrol Sanayi for the Commissioning Services of the Osman Gazi Floating Production Unit (FPU), intended for the development of the Sakarya gas field in the Turkish Black Sea. The award follows the Operation Readiness & Assurance support services contract granted to Saipem in April 2026 and further strengthens the company’s involvement in one of…
Biofuel Bunker Snapshot: Conventional VLSFO price drops weigh on B30 prices
Europe Rotterdam’s B30-VLSFO (POMEME) price has dropped $85/mt in the past week. The Dutch port’s conventional VLSFO price has fallen $67/mt lower, which has cancelled out any support from a Prima…
HELLENiQ ENERGY Expands Chevron Partnership in an Offshore Block in the Ionian Sea
HELLENiQ ENERGY and Chevron announce an agreement for Chevron’s participation in the Block 10 concession, located offshore the Kyparissiakos Gulf in the Southern Ionian Sea in Greece. The agreement…
UECC says decade-old LNG bet positions fleet ahead of FuelEU
The share of bio-LNG in the carrier’s LNG consumption has more than doubled over the past year to 71%, improving environmental performance. United European Car Carriers (UECC) says a decade-old…
Middle East April bunker fuel demand shifts as Hormuz shipping risks unsettle trade flows
Bunker fuel demand across key Middle Eastern ports declined in April as the war created uncertainty about ship movement and constrained fuel supply, although activity at some Omani ports recovered…
Turkish gas and LNG imports grow, targets to become a regional gas hub
Turkey is expected to play a pivotal role in delivering a diversity of gas and LNG this summer to Central, Eastern Europe and the Balkans, as it solidifies its place as a regional hub, traders…
INA and MOL held constructive talks with the Syrian Petroleum Company on the reactivation of INA’s operations in Syria
Representatives of INA and MOL Group have concluded a series of productive and constructive meetings with a high-level delegation from the Syrian Petroleum Company (SPC). The three-day visit focused…
Neptun Deep progress: pipelaying kicks off in the Black Sea
Length of the pipeline bringing gas ashore: 160 km The first of the pipe-laying vessels, the Castoro 10, has arrived in Romania OMV Petrom, the largest integrated energy producer in South-Eastern…
Clean Arctic Alliance reaction to COP30 Black Carbon Pledge by Nine Countries
With just two weeks to submit a plan for cutting black carbon emissions in the Arctic, International Maritime Organization member states - led by Arctic governments - should take the lead from a…
Odfjell Drilling announced extension of Deepsea Nordkapp
Odfjell Drilling announced that it has received signed confirmation from Aker BP ASA (“Aker BP”) that it will extend the firm contract period for use of the Deepsea Nordkapp by 1-year. With this…
DeepOcean awarded subsea tie-back contract in the UK
Ocean services provider DeepOcean has been awarded a contract to provide subsea construction and tie-in work at a subsea field development on the UK continental shelf. The field is being developed…
Blackford contract extended for Dolphin Drilling
Dolphin Drilling AS announced that Oil India Limited has exercised its option to extend its drilling contract with the deepwater capable semisubmersible rig, Blackford Dolphin.…
Aramco announces 17 MoUs and agreements with companies in US
MoUs and agreements have potential total value of more than $30bn, building on 34 MoUs and agreements announced in May that had a potential total value of approximately $90bn…
HSFO discounts narrow in active trading
Spot discounts for high sulphur fuel oil (HSFO) narrowed at the end of the week, with trading momentum retaining a somewhat robust pace for the 380-cst grade. Several trades emerged at rangebound…
Plenitude strengthens its presence in France by signing an agreement to acquire a Neoen portfolio of renewable assets totaling around 760 MW
Plenitude has signed an agreement to acquire from Neoen, a leading renewable energy company, a portfolio of 52 operating assets, including 37 photovoltaic plants, 14 wind farms, and one operating…
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