Energy.
Deltamarin and Offshoretronic SL unveil groundbreaking new jackup monopile and wind turbine installation vessels at SMM 2026
On the second day of SMM 2026, the world’s leading maritime industry trade fair in Hamburg, Deltamarin Ltd. and Offshoretronic S.L. formally announced the signing of an Exclusive Engineering Consultant Agreement to develop the world’s largest jackup monopile and wind turbine installation vessel, designated the VITRUVIAN Class, to a so-called shipyard-ready status. This strategic collaboration…
Kickster FuelEU Marketplace reports rapid market development and emerging pricing signals following first compliance cycle
Following the completion of the first FuelEU Maritime compliance cycle, KICKSTER reported strong growth in marketplace participation, increasing open interest, and the emergence of early pricing…
PLL signs a 20-year time charter party with MISC for five newbuild LNG carriers
PETRONAS has signed a 20-year time charter agreement with MISC Group for five newbuild 174,000-cbm liquefied natural gas carriers, reinforcing its long-term LNG supply reliability, while supporting…
Ørsted and PGE kick off offshore installation of Baltica 2 project
Ørsted and PGE are moving ahead with full-scale offshore construction activities on the Baltica 2 project. The first foundations have been successfully installed in the Polish part of the Baltic…
Lower vessel calls and fuel sales weigh on Singapore’s conventional bunker sales in February
A smaller number of vessels arriving to bunker during the shorter month of February, along with lower sales of VLSFO, HSFO and LSMGO, contributed to a 12% decline in total bunker fuel sales at the…
Equinor strengthens helicopter capacity in Bergen
Equinor has awarded Bristow Norway AS a contract for helicopter services in Bergen, Norway. The agreement covers two S‑92 helicopters that will provide offshore transport services from Flesland…
Liz Westcott appointed Woodside CEO
The Board of Woodside Energy has appointed Elizabeth (Liz) Westcott as Chief Executive Officer and Managing Director. Ms Westcott, who has served as Woodside Acting CEO since the departure of Meg…
Oil prices rise despite IEA reserves release
Drawdown of stocks provides temporary relief, but reopening the Strait of Hormuz is the only lasting solution Amid all the statistics from the Iran war about missiles fired and sorties…
Azerbaijan says energy cooperation with Ukraine won’t be derailed by Russian strikes
Azerbaijan's president on Sunday condemned Russian air strikes on Azerbaijani oil and gas facilities in Ukraine but said energy cooperation between the two countries would continue.…
Provaris commences fully funded FEED for Proprietary LCO2 Tank paving the way for future commercialisation
FEED scope to mature proprietary LCO2 tank through structural engineering and hull integrationdesign for Yinson’s development of a Floating Storage Injection Unit (FSIU) for offshore LCO2…
Natural gas storage sees less than expected increase, indicating bullish market
In a recent report from the Energy Information Administration (EIA), the Natural Gas Storage event revealed a less than anticipated increase in the number of cubic feet of held in underground…
Israel’s Leviathan signs $35 billion natural gas supply deal with Egypt
Israel’s Leviathan natural gas field has signed the largest export agreement in the country’s history, worth up to $35 billion to supply gas to Egypt, NewMed (NMWDp.TA), one of the partners in the…
Oil rises on US demand strength, though macroeconomic uncertainty looms
Oil prices rose on Thursday, recovering from a five-day losing streak, on signs of steady demand in the United States, the world’s largest oil consumer, although concerns over the economic impact of…
Mexican gas and power market loses steam: Pipeline exports fall short of peak levels, but fundamentals point to rebound
Earlier expectations of solid seasonal and structural growth in Mexico's gas and power market have experienced a decline due to a factor of reasons, including weather, says Wood Mackenzie in the…
Fueling the future renewable diesel production begins at Strathcona Refinery
ExxonMobil majority-owned affiliate, Imperial Oil Limited’s Strathcona Refinery, is now producing renewable diesel. At full capacity, the renewable diesel facility is expected to be the largest…
Equinor Johan Castberg officially opened
The Johan Castberg field was officially opened by the minister of energy, Terje Aasland. Johan Castberg is Norway's northernmost oil field. The field will produce for at least 30 years. This…
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