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…
Reach Subsea signs MoA with Beacon Offshore in Australia
Reach Subsea has entered into a Memorandum of Agreement (MoA) with Beacon Offshore Ltd., establishing a strategic partnership to jointly pursue subsea projects in Australian waters. Under the…
Petrobras strengthens strategic partnership with Lightsource bp in renewable energy in Brazil
Petrobras, further to its release dated December 16, 2025, announces that it has completed the acquisition of a 49.99% equity interest in Lightsource bp’s subsidiaries in Brazil, establishing a…
Technip Energies receives Full Notice To Proceed on major EPC contract with Commonwealth LNG in the United States
Technip Energies (PARIS:TE) has received Full Notice To Proceed (FNTP) for a major1 Engineering, Procurement, and Construction (EPC) contract with Commonwealth LNG, a Caturus company, for its 9.5…
Ceasefire pulls oil off war highs, but physical markets need time to rebalance
The two-week US-Iran ceasefire announced overnight has taken the panic premium out of oil – but not the full risk premium. Prices are not snapping back to pre-war levels due to the scale of…
Chevron confirms oil discovery at Bandit Prospect in Gulf of America
Chevron Corporation confirmed an oil discovery at the Bandit prospect in the Gulf of America, as announced by operator Occidental. The exploration well is located in Green Canyon Block680, about 125…
Singapore bunker demand rises 13% in March on higher vessel activity: CAS
Singapore’s bunker fuel demand grew by double digits year over year in March, according to S&P Global Commodities at Sea data April 6, as more shipping companies turned to the world’s largest…
Valmet’s automation ensures safe and efficient operation at the complex multifuel waste-to-energy plant in Poland
Valmet will supply the complete Valmet DNAe Distributed Control System and safety systems for PEC Gliwice Sp. z o.o.’s new waste-to-energy steam unit, part of the Green Energy Park project under…
Equinor new technology increases gas recovery on Åsgard
Equinor and partners in Åsgard and Mikkel licences have started phase 2 of Åsgard subsea compression in the Norwegian Sea. The project will help maintain production from the field by increasing…
BP sees oil demand growth until 2030 due to slowing energy efficiency gains
BP said on Thursday it expects global oil demand to grow until 2030, five years later than its forecast a year ago, pointing to slowed efforts to increase energy efficiency and reduce global carbon…
HSFO cracks retreat from six-week highs
Asia’s high sulphur fuel oil (HSFO) market softened on Thursday, with cracks retreating from six-week highs amid profit taking. The Singapore 380-cst HSFO crack (FO380BRTCKMc1) for October slipped…
Shell Marine released its latest paper on the methane pathway
Shell Marine recently released its latest paper: “From compliance to competitive edge: The case for the methane pathway”. The paper outlines why the methane pathway is a commercially viable and…
Methanol Plays decarbonisation role in Very Large Ore Carrier Segment
Qingdao Beihai shipyard has ordered 10 × Everllence B&W 7G80ME-LGIM (-Liquid Gas Injection Methanol) Mk 10.5 engines in connection with the construction of 10 × 325,000 dwt VLOC (Very Large Ore…
Gasum and Preem enter strategic partnership – enables Preem cardholders to refuel with biogas at Gasum stations
During the summer, Gasum and Preem signed a strategic cooperation agreement that enables Preem's corporate customers to refuel liquid and compressed biogas at Gasum stations in Sweden. On top of the…
Oil market blind spots give traders a nasty headache
Growing blind spots in the oil market driven by geopolitics are making it harder to determine the true supply-demand balance in the world’s largest and most important commodity market. That’s a…
European Gas Prices rangebound as Norwegian production rises
Dutch and British wholesale gas prices moved in a narrow range early on Wednesday as the market anticipated a rise in Norwegian production to meet increased demand for heating. The benchmark Dutch…
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