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…
Eni and partners approve investment for Baleine Phase 3 in Côte d’Ivoire
During a ceremony held in Abidjan in the presence of the Minister of Mines, Petroleum and Energy of Côte d’Ivoire, Mamadou Sangafowa-Coulibaly, Eni and its partners Petroci and Vitol approved…
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…
Strategic Marine and Mainprize Offshore Sign Protocol of Delivery and Acceptance for MO15 and MO16 Vessels
Strategic Marine and Mainprize Offshore formalise PODA signing for MO15 and MO16 Strengthens ongoing partnership following multi‑vessel contract at Seawork 2024 Purpose‑built Supa Swath design to…
ADNOC and OMV announce Executive Leadership for Borouge Group International AG
Executive leadership team comprises Roger Kearns as Chief Executive Officer, Dr. Stefan Doboczky as Chief Commercial Officer, and Dr. Hasan Karam as Chief Operating Officer New external Chief…
BW Energy secures 25‑year extension of Dussafu licence offshore Gabon
BW Energy announced that the Company has agreed a 25‑year extension of the Dussafu Marin production licence offshore Gabon. Following an agreement with the Ministry of Oil and Gas of the Gabonese…
Korean Refiners’ export hit record-high in March amid Crude Supply Shortage
Petroleum product exports hit a record-high March value on surging prices while Strait of Hormuz disruptions threaten April supply and squeeze margins Although domestic petroleum product…
GSR signs Memorandum of Understanding with Japan’s DORD to conduct joint demonstration test in the Clarion-Clipperton Zone
Global Sea Mineral Resources (GSR), the deep‑sea exploratory subsidiary of DEME, has signed a Memorandum of Understanding (MOU) with Deep Ocean Resources Development Co., Ltd. (DORD) of Japan to…
Oil shipping rates soar on higher Mideast exports, tighter vessel availability
Freight rates for Very Large Crude Carriers soared to their highest in more than two years, according to industry sources and LSEG data, as tanker supply tightens with a rise in Middle East exports…
Amogy and KBR sign MoU to Advance Ammonia-to-Hydrogen Solutions
Amogy, a provider of mature, scalable, and efficient ammonia-to-power solutions, announced it has entered into a Memorandum of Understanding (MoU) with KBR, a leading global provider of science,…
Fatal accident at Mongstad Refinery
A worker has died in an accident in connection with a lifting operation at Equinor's refinery at Mongstad. The accident occurred on Wednesday 17 September at 13:40 CEST. The worker was treated…
US and UK sign landmark agreement on civil maritime nuclear leading maritime nuclear developer CORE POWER responds
Earlier U.S. President Donald Trump and UK Prime Minister Sir Keir Starmer signed a Memorandum of Understanding regarding the Technology Prosperity Deal. The MOU includes a commitment to explore…
NEMO welcomes new US– UK collaboration to progress Maritime Nuclear Deployment
The Nuclear Energy Maritime Organization warmly welcomes the Memorandum of Understanding between the Government of the United States of America and the Government of the United Kingdom of Great…
Singapore fuel oil stockpiles dip further but holds above 25 million barrels
Onshore fuel oil stockpiles in Singapore eased for a second consecutive week but held above 25 million barrels, averaging higher month-on-month, official data showed on Thursday. Inventories for…
MOL Capesize Bulker’s 1st Biofuel Voyage underway for Anglo American
Driving Decarbonization through Digital Certification of GHG Reduction Value Mitsui O.S.K. Lines,announced the successful completion of biodiesel-blended marine fuel bunkering in Singapore on…
Sustainable Fuel in Transit: Overcoming Roadblocks to Adoption
The transportation industry is one of the highest emitters of greenhouse gases — and among the most primed for change — but the journey to decarbonize remains complex. Stakeholder collaboration will…
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