Energy.
GMI awards eCap Marine contract for two additional hydrogen-powered bulk carriers
Follow-up project includes two newbuild 3,000 DWT vessels for operation along the Norwegian coast. eCap Marine has secured another contract for the supply of hydrogen-based energy systems for the maritime industry. The Company will equip two additional hydrogen-powered bulk carriers for GMI with integrated hydrogen energy power systems called eCap H2EPS. The new contract follows the ongoing…
Golden Pass LNG exports second cargo as ramp-up of Texas facility continues
Feedgas deliveries to Golden Pass LNG reached the highest level to date over the weekend to May 11, as the terminal, undergoing commissioning in Texas, exported its second cargo. The cargo was…
LNG Bunker Snapshot: Singapore bunker premium surges as Europe’s narrows
Weekly changes in LNG bunker prices: ARA down by $62/mt to $944/mt Singapore up by $36/mt to $1,118/mt Baltics down by $62/mt to $1,051/mt Portugal down by $46/mt to $1,059/mt Europe European LNG…
Entreprise Générale du Cobalt, EVelution Energy and Trafigura sign MOU to establish direct US–DRC cobalt supply chain
Entreprise Générale du Cobalt, EVelution Energy and Trafigura announced the signing of a tripartite Memorandum of Understanding to establish a framework for the long-term supply of Congolese…
Biofuel Bunker Snapshot: Surging VLSFO prices weigh on B30 premiums
Europe Iran has blocked oil cargo shipments through the Strait of Hormuz, which could limit future resupply to the ARA and other bunker locations. The impact has been more immediate on ARA bunker…
Total Energies start-up of the new gas consortium Quiluma offshore gas field in Angola
TotalEnergies announces the start of production from the Quiluma field, in which the Company holds an 11.8% interest alongside its partners Azule Energy (37.4%, operator), Cabinda Gulf Oil Company…
Sumitomo Corporation, “K” LINE, and NYK Line conclude MoU for new build ammonia bunkering vessel operation in Singapore
Sumitomo Corporation, Kawasaki Kisen Kaisha,, and NYK Bulkship have entered into a memorandum of understanding to jointly conduct a Front-End Engineering Design study and explore the ownership of a…
Seadrill announces contract extension in Angola
Seadrill Limited announced Sonadrill Holding, its 50:50 joint venture with an affiliate of Sonangol E.P. has been awarded a contract extension. A seven-well priced option for the ultra-deepwater…
China’s independent oil firms elbow into Iraq’s majors-dominated market
China’s independent oil companies are ramping up operations in Iraq, investing billions of dollars in OPEC’s number two producer even as some global majors have scaled back from a market dominated…
Saudi Aramco profit drops as it flags cost cuts, divestments
Saudi Arabian oil company Aramco (TADAWUL:) reported a 22% drop in second-quarter profit on Tuesday, and the world’s top oil exporter said it was cutting costs and looking to divest assets as crude…
Argentina’s oil and gas sector: Vaca Muerta shale can drive near-term growth and fuel medium-term opportunities
The development of Vaca Muerta oil reserves,1 one of the largest shale gas and oil deposits in the world, combined with production incentives, tax exemptions, labor concessions, and other supportive…
bpTT announces start of production from new Cypre gas project
bp Trinidad and Tobago (bpTT) today confirms its Cypre development has safely delivered its first gas. Cypre is one of bp’s 10 major projects expected to start up worldwide between 2025 and 2027,…
Malaysia agrees to boost tech, LNG purchases from U.S. as part of trade deal
Malaysia will spend up to $150 billion in the next five years to buy equipment from U.S. multinationals for its semiconductor, aerospace and data centre sectors, part of a deal with Washington to…
Contrasting outlooks for oil and gas in the US
President Donald Trump has said he doesn’t like the slogan “Drill, baby, drill”, because it has become too much of a cliché. But it is still a commonly used message from his administration. First…
MOL Group and KazMunayGas sign oil trading agreement
MOL Group continues to diversify oil supply in the region: the company has imported 85,000 tons of CPC blend crude oil and signed an oil trading agreement with Kazakhstan's national oil company,…
Vår Energi ASA: Notification of trade by primary insider
Deputy employee representative to the Board, Finn Volrat Pettersen in Vår Energi has today bought 2820 shares in the company at a price of NOK 35.85 per share. Following the purchase, Finn Volrat…
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