Energy.
Iraq seeks to buy crude oil tankers to handle shipments beyond Strait of Hormuz: INA
Iraq ships first VLCC cargo past Hormuz State tanker firm eyes fleet expansion plan SOMO gains pricing flexibility with new route Iraqi Oil Tankers Co. aims to purchase and own crude oil tankers, allowing it to ship crude beyond the Strait of Hormuz rather than offloading it to buyers at Basrah port, the state-run Iraqi News Agency reported Oct. 3, citing Ali Qais, the…
EnergyPathways and Hycamite advance hydrogen and graphite production plant in UK
Development of a high-grade graphite and low-carbon hydrogen production plant in Barrow-in-Furness, UK Both parties to assess the commercial viability of Hycamite’s proprietary and technically…
Petrobras signs long-term agreement for the purchase and sale of Liquefied Natural Gas with US company Sempra Infrastructure
Petrobras has signed a long-term Liquefied Natural Gas (LNG) sale and purchase agreementwith Sempra Infrastructure, a U.S. company and subsidiary of Sempra. The agreement, signed at the end of…
Saipem divestment of Shallow Water Drilling’s operations in Saudi Arabia completed
Saipem announces that it has completed the sale of its entire shareholding in Saudi Arabian Saipem Limited to ADES Saudi Limited Company, an indirect subsidiary of ADES Holding Company, an…
LNG bunker fleet may need to more than double by 2030 to keep pace with growing fuel demand
The global LNG bunker vessel fleet may need to more than double by 2030 as demand from LNG-fuelled ships grows faster than the infrastructure required to supply them, according to a new DNV white…
European gas prices surge to highest since 2023 on Iranian threat
European wholesale natural gas prices spiked to their highest levels since early 2023, driven by mounting fears that escalating military confrontation involving Iran could disrupt vital energy…
Bunker price volatility boosts freight rates for LNG-fueled dirty tankers
Bunker price volatility was the key driver behind higher LNG-fueled dirty tanker freight rates, compared with conventional tanker freight values, Aug. 31-Sept. 4, across benchmark routes. Platts…
Goldman ups oil price forecasts as Mideast disruptions seen extending into 2027
Goldman Sachs raised its Brent and WTI crude price forecasts on Sunday, expecting shipping disruptions in the Middle East to persist into next year. The team, led by Daan Struyven, lifted its…
Fuel Switch Snapshot: Pooling party cools for B100 and LBM – ENGINE
Rotterdam B100 flips to $110/mt premium over VLSFO
Singapore B100 loses cost edge against LSMGO
LBM swings to $25/mt premium over VLSFO for Otto MS engines
Vitol divests VGMobility, the largest platform of sustainable transportation assets in Latin America
Vitol announces the divestment of one of its emobility companies, VGMobility. Created by Vitol in 2020 with a mission to deliver green mobility solutions across the Americas, today, VGMobility is…
ScanReach strengthens Offshore Wind Industry voice as Henry McCann named renewableUK NextGen champion
ScanReach is set to play an even greater role in supporting the future of the UK's renewable energy sector after its Sales Manager, Henry McCann, was selected as one of RenewableUK's inaugural…
PETRONAS and Hokuriku Electric strengthen long-term LNG partnership, advance carbon-neutral collaboration
PETRONAS), a subsidiary of Petroliam Nasional Berhad has signed a Heads of Agreement (HOA) with Hokuriku Electric Power Company for the parties to negotiate and conclude the renewal of a…
TotalEnergies approves the development of the Cronos Gas field to supply Europe with LNG in Cyprus
Cronos is Cyprus’ first gas development Cronos gas will reach Europe through existing LNG infrastructure in Egypt Plateau production will reach 500 Mcf/d, equivalent to around 2.8 Mtpa of LNG…
EU maritime emissions rose in 2025 as more ships entered MRV reporting scope – ENGINE
Greenhouse gas (GHG) emissions by ships on EU-linked voyages increased in 2025, according to EU MRV data, largely due to new ship categories entering the reporting scope.
Saipem awarded new contracts in Ivory Coast and Italy by Eni worth approximately 800 million euro
Saipem has been awarded two new contracts, one offshore in Ivory Coast and one onshore in Italy, for a total value of approximately 800 million euro. The first contract, awarded by Eni Côte d’Ivoire…
Saudi Arabia’s Red Sea crude bypass peaks in March and declines 41% by June
Gulf crude exports fall 82% from January to June; Iraq, Kuwait and Qatar record zero exports as Strait of Hormuz remains severely constrained Saudi Arabia redirected virtually all crude exports…
Subscribe to our newsletter!
if you dont want to swim alone in the ocean of news, sign up for the newsletter, and you will receive daily all the important news of world shipping!
