Energy.
EU to make last-minute decision on Arctic oil and gas drilling ban
The European Commission will soon unveil its revised Arctic strategy and whether to maintain or scrap its 2021 position on new oil and gas exploration in the High North. The International Energy Agency and Norway have urged Brussels to reconsider the ban. The European Union is expected to make a last-minute decision on banning new oil and gas exploration in the Arctic during a weekly meeting of…
Greek shipowners work with Japan, Liberia on new IMO bunker rules
The Union of Greek Shipowners has reached out to Liberia and Japan to work on alternative proposals to the International Maritime Organization’s Net-Zero Framework, the group said June 5, also…
Biofuel Bunker Snapshot: Rotterdam B30-VLSFO edges higher despite POMEME barge price drop
ARA and Europe Rotterdam’s B30-VLSFO (POMEME) price has shown a slight increase of $9/mt over the week. The port’s conventional VLSFO price has dipped around $5/mt during the same time. Prima…
Sempra’s ECA LNG Phase 1 achieves first LNG Production
Sempra Infrastructure, a subsidiary of Sempra announced that the ECA LNG Phase 1 liquefaction project in Ensenada, Mexico, has successfully started producing liquefied natural gas (LNG) as part of…
PETRONAS reinforces industry resilience and competitiveness at OGSE partners day 2026
PETRONAS reaffirmed the importance of strengthening resilience, competitiveness and execution capability across Malaysia’s oil and gas service and equipmentecosystem at its OGSE Partners Day, held…
Saipem new offshore contract by ExxonMobil Guyana
Saipem has been awarded a new Limited Notice to Proceed, worth around 150 million USD, by ExxonMobil Guyana Limited for the engineering, procurement, construction and installation of the subsea…
As the shipping industry monitors the Strait of Hormuz, EmissionLink warns UK ETS preparations cannot wait
The events unfolding in and around the Strait of Hormuz are understandably commanding the industry’s attention. Whilst management attention is focused on one of the world’s most strategically…
DeepOcean wins offshore wind work in Taiwan
Global ocean services provider DeepOcean has been awarded a contract for installation support of the inter-array cables on the TPC offshore wind farm phase 2 (TPC-II) offshore Taiwan. DeepOcean’s…
Forestal selects Topsoe’s breakthrough SOEC technology for e-methanol production
Topsoe has been chosen to deliver advanced Solid Oxide Electrolyzer Cell technology, consuming 55MW green power to produce hydrogen for Forestal del Atlántico’s Triskelion e-methanol project in…
Petrobras announces production record of FPSO Almirante Tamandaré Búzios 7
Petrobras announces that the FPSO Almirante Tamandaré, operating in the Búzios field, located in the pre-salt layer of the Santos Basin, reached a record instantaneous production flow equivalent to…
MOL signs Wide-ranging partnership deal with Kumejima Town
Promoting Commercialization of Ocean Thermal Energy Conversion and CO2 Capture Projects Mitsui O.S.K. Lines, announced that on October 28, it signed a comprehensive partnership agreement with…
TotalEnergies and Aljomaih Energy & Water awarded a 400 MW solar project in Saudi Arabia
The consortium comprising France's TotalEnergies and Saudi developer Aljomaih Energy & Water has been awarded by the Saudi Power Procurement Company following a tender process, the license to…
Sembcorp unveils Landmark clean energy initiatives on Jurong Island
Singapore’s large-scale solar installation and battery stacking solution on land demonstrate Sembcorp’s leadership in scaling energy assets Sembcorp Industries , Singapore’s leading energy and…
China state oil majors suspend Russian oil buys due to sanctions, sources say
Chinese state oil majors have suspended purchases of seaborne Russian oil after the United States imposed sanctions on Rosneft and Lukoil, Moscow's two biggest oil companies, multiple…
Oil prices continue to climb as US, EU launch fresh Russia sanctions
Crude oil pricing continued to surge on Thursday after the EU joined the US in intensifying pressure on Russia with the launch of fresh sanctions measures targeting the country’s energy sector. The…
Italy’s Eni extends chemicals operating loss in Q3 on depressed sector
Eni’s chemical business reported a slightly reduced pro-forma adjusted loss of €188 million in the third quarter of 2025, mainly attributed to the company’s restructuring program, although the…
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