Energy.
Nord Gas Solutions awarded contract for cargo handling and fuel supply systems for new MGC vessels
Nord Gas Solutions has been contracted to supply the Cargo Handling System and LPG Fuel Supply System for two new 40,000 m³ Medium Gas Carrier vessels being built at HD Hyundai for the shipowner Byzantine Maritime. This contract was signed in June 2026. The award further reinforces the long-standing relationship between Nord Gas Solutions and HD Hyundai and strengthens Nord Gas Solutions’…
India’s crude oil imports rise 3% in April from prior month
India’s crude oil imports increased by more than 3% from March to April, reaching 20.08 million metric tons, according to government data from the Petroleum Planning and Analysis Cell. The April…
Why the real oil shock may only begin when China returns
The oil market has so far avoided a full-blown supply shock through inventory drawdowns, rerouted Middle Eastern flows, higher WoS exports and refinery run cuts across Asia. But the market’s uneasy…
Seadrill announces private offering of $600 million senior notes
Seadrill Limited announced that, subject to market conditions, Seadrill Finance Limited, an exempted company limited by shares incorporated under the laws of Bermuda and a wholly owned subsidiary of…
Supply squeeze: Europe’s offshore wind sector sees turbine prices jump 40-45% as manufacturer options shrink
Europe's offshore wind expansion is running into a structural supply constraint where the turbine market is becoming increasingly concentrated. GE Vernova, Siemens Gamesa and Vestas have…
Korea secures 210 million barrels of Saudi, U.S. crude oil, counters Iran war supply shocks
Korea secured roughly 210 million barrels of crude oil for May to July — more than 80 percent of the volume imported over the same period last year, despite massive supply shocks due to…
Vår Energi exercises second option for COSLPioneer
COSL announced that Vår Energi has exercised the second option for COSLPioneer, underscoring its continued confidence in our delivery and operational capabilities. This extension…
Eni’s Geliga 1 giant gas discovery delivers exceptional test results offshore Indonesia
Eni announces that the Geliga‑1 discovery has been successfully tested. A Drill Stem Test (DST) was carried out, confirming outstanding reservoir productivity. Test results demonstrate…
TotalEnergies increases its interest in OPL257 in Nigeria
TotalEnergies announces the signing of agreements with Conoil Producing Limited , under which TotalEnergies is to acquire from Conoil a 50% operated interest in block OPL257 and Conoil is to acquire…
UPM launches spruce LNG plywood to respond to growing LNG transportation demands
UPM, a global material solutions company, strengthens its position as a material supplier for liquefied natural gas carriers and responds to increasing market demand by launching a new solution for…
What happened in COP30’s first week?
Support for energy efficiency and a status report on methane show which climate initiatives are still making progress Negotiations in the COP30 climate talks are continuing in Belem, Brazil. The…
DNV supports Atlas Renewable Energy in securing USD 475 million for major Chilean solar and storage project
DNV acted as market advisor to support Atlas Renewable Energy in securing USD 475 million in financing for the Copiapó hybrid solar and battery storage project in Chile. The financing was…
The Asian Development Bank to loan Indonesia $470mn for energy transition
The Asian Development Bank (ADB) has approved a $470mn results-based loan to Indonesian state-owned power generation company Perusahaan Listrik Negara (PLN), to support the country's transition to…
Norway and Arctic nations Must Lead on Cleaner Fuels for Arctic Shipping
Norway has a unique opportunity to stamp its influence on the clean up of Arctic shipping, ahead of an upcoming International Maritime Organization meeting in February 2026 in London that will set…
Statement by TotalEnergies following the French Competition Authority’s Decision relating to the supply of petroleum products in Corsica
TotalEnergies takes note, while contesting the merits, of yesterday’s decision issued by the French Competition Authority regarding the supply of petroleum products in Corsica, which imposes a fine…
ITT’s Svanehøj acquires KOHO, expanding portfolio with compressor technology for growing gas solutions market
ITT announced that its Svanehøj business, a leading designer and manufacturer of specialized cryogenic pumps and aftermarket services for the marine sector, has acquired Köhler & Hörter. KOHO,…
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