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…
K Line announced approval in principle AiP acquired for standard low-pressure liquefied CO₂ carrier toward realization of CCS Business in Japan
First Successful Result for a Standard Design Framework Utilizing MILES AiP acquired after completing risk assessment of CO2 handling operations specific to low-pressure liquefied CO2 carriers and…
Global coal demand set to increase this year amid Middle East conflict
The IEA Mid-Year Update sees higher natural gas prices spurring a shift towards coal in some regions in 2026, with the Strait of Hormuz situation key for the 2027 outlook Energy market disruptions…
Odfjell Drilling received Letter of Award from Vår Energi
Odfjell Drilling announced a Letter of Award with Vår Energi ASA for use of the Deepsea Bergen. The scope of work awarded covers a period of three years, starting in early 2028, following…
Woodside and PEMEX sign MOU to expand strategic partnership in Mexico
Woodside Energy announced that it had signed a non-binding Memorandum of Understanding (MOU) with Petróleos Mexicanos (PEMEX). The MOU will allow analysis of potential future opportunities for…
Baker Hughes awarded Offshore Production enhancement and stimulation services contract by bp
Significant contract supports new well development and production enhancement across bp's UK North Sea operations Advanced modular stimulation solution designed to support efficient well…
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…
US confident Venezuela oil deal will attract investors: Wright
US Energy Secretary Chris Wright said Sept. 2 he was confident that North American Blue Energy Partners, the private operator at the center of Washington’s new crude production agreement with…
Genevos and Koedood Marine partner on marine hydrogen fuel cells – ENGINE
French marine fuel cell company Genevos has partnered with Dutch marine engineering firm Koedood Marine to explore the deployment of hydrogen fuel cell systems on inland and coastal vessels. The…
How gas and power markets are inextricably linked in 2026
Amid strong North American electricity demand growth, gas remains key to the generating mix as a source of stable, reliable, dispatchable power. With gas often providing the marginal unit of…
Why China’s crude collapse isn’t the demand story it looks like
The import mirage Every few weeks a number lands that seems to settle the argument of China’s crude oil imports. The latest was showing imports falling to about 7.8 million barrels a day in May (as…
Russia’s diesel export ban adds fresh fuel to rising prices
Russia's ban on diesel exports will not drive a large balance shift given already-curtailed volumes, but it adds fresh upward momentum for prices alongside the collapse of the US-Iran ceasefire. Its…
Soiltech secures extension of fluid treatment contract in the Dutch sector
Soiltech ASA has secured a two-year extension with Wintershall Noordzee B.V. in the Netherlands to continue delivering fluid treatment services on the Swift 10 jackup rig, extending the…
SEA-LNG 2026 Mid-Year Market Review underlines a decade of progress along methane decarbonisation pathway
LNG-fuelled vessels, LNG bunker vessels, and LNG bunkering volumes, as well as biomethane bunkering and production, all continue to grow in 2026. 12 July 2026 marked the tenth anniversary of…
Singapore’s conventional bunker sales rose for second consecutive month
Higher HSFO sales drove Singapore’s total bunker sales higher in June. Changes in bunker sales from May to June: Total sales up 144,000 mt to 4.56 million mt VLSFO sales down 97,000 mt to 2.20…
Samskip strengthens hydrogen ambitions through HyShip collaboration
SeaShuttle project joins European initiative to accelerate the development of hydrogen infrastructure for zero-emission shipping Samskip is taking another significant step towards the future of…
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