Energy.
US Gulf Coast diesel prices hit all-time high amid global supply disruptions
US ultra low sulfur diesel prices reached record highs on Sept. 1, driven by a confluence of global supply constraints, geopolitical tensions and record-breaking US exports. Platts, part of S&P Global Energy, assessed the US Gulf Coast Colonial Pipeline ULSD at $4.6973/gal Sept. 1, up 27.17 cents/gal from the previous day and marking the highest value since assessments began in May 2006. The…
Solstad Offshore ASA and SBM Offshore in partnership for a new installation vessel
Solstad Offshore and SBM Offshore have agreed to order a new-build multi-purpose deepwater installation and construction vessel, with targeted delivery in the first half of 2029. The parties have…
Wind-powered cargo ships sail past the 100-vessel milestone
The latest installations of wind propulsion technology on large commercial vessels have pushed the global fleet of cargo ships capable of harnessing wind energy beyond the 100-vessel milestone,…
The IMO’s Net Zero Framework: Why supporters must stay strong
The IMO’s Net-Zero Framework is back on track. A majority of International Maritime Organization member states continue to support the framework - which aims to reduce greenhouse gas (GHG) emissions…
Statement from IBIA Chair Adrian Tolson on the structural shift in the marine fuel landscape
It is hard to conceive of a more challenging time in the marine fuel industry to take on the role of Chair of IBIA. That said, the past two decades have brought their share of geopolitical shocks,…
ABL appointed to 390 MW South Korean offshore wind project
Energy and marine consultancy ABL has been appointed marine warranty surveyor to support the transportation and installation of the Shinan-Ui offshore wind farm – a 390 MW wind project. The project…
The Chugoku Electric Power and Toda join Masuda-Hikimi wind power project
The Chugoku Electric Power and TODA CORPORATION announced that they have acquired shares in Asia Wind power . With this acquisition, The Chugoku Electric Power and TODA join Mitsui O.S.K. Lines,and…
Borr Drilling announces pricing of 260 million of 3.50% convertible senior notes due 2033
Borr Drilling Limited announced the pricing of $260 million in aggregate principal amount senior notes due in 2033 to qualified institutional buyers pursuant to Rule 144A under the Securities Act of…
Jan De Nul signed contract with Synera Renewable Energy for the installation of export cables on the Taiwanese wind farm Formosa 4
To bring the green energy ashore, Jan De Nul will transport, install and protect 60 kilometres of subsea cables. 55 kilometres southwest of Formosa 4, the company was also selected as the…
Uniper and Five Bioenergy sign long-term biomethane supply agreement
Uniper will purchase biomethane from three major Spanish plants starting in 2027, enhancing its low-carbon energy portfolio Five Bioenergy strengthens leadership in European biomethane with…
More than 650 SPM 2024 students receive PETRONAS education sponsorships
PETRONAS, through its flagship Powering Knowledge programme, awarded education sponsorships to over 650 qualified recipients in a ceremony here today. The 2024 SPM school leavers, who come from…
bp delivers on six start-ups in 2025
Murlach is bp’s sixth major project start-up in 2025, in line with its strategy to grow the upstream business. Two-well subsea tieback will add a peak net production of around 15,000 barrels of oil…
Wallenius Sol joins Gasum’s FuelEU Maritime pool as compliance generator
Pooling is an easy way to gain regulation compliance and save on penalties, but available capacity may run out before the end of the year Energy company Gasum and shipping company Wallenius Sol have…
Chevron names Kevin McLachlan to lead exploration Liz Schwarze to retire
Chevron Corporation announced Kevin McLachlan will become Vice President of Exploration, effective November 1. McLachlan will oversee the company’s worldwide exploration program. McLachlan will be…
SEA-LNG highlights LNG’s growth and lower GHG emissions ahead of MEPC
Strong collaboration across the entire value chain is driving LNG emissions lower, faster SEA-LNG, the coalition supporting the methane decarbonisation pathway, underlined recent progress made in…
MOL tabletop Drill Hones response to serious marine incident
Scenario Has Oil Spill Incident Involving Cargo Handling Equipment on Cargo Transfer Vessel Mitsui O.S.K. Lines, announced that on October 6, it conducted a tabletop drill based on a simulation of a…
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