Energy.
Systema Foundation: a new Alliance to strengthen the competitiveness of Italy’s productive system
Businesses, industry, finance and associations join forces for competitive supply chains in the transition Rome, 29 September 2026 – On the occasion of Open-es ACT 2026, the event dedicated to defining priorities and actions to strengthen the competitiveness of businesses and supply chains, Eni, Confindustria, Enel, Snam, UniCredit, Q8 Italia, Webuild, Accenture, Avvale and RINA announce…
Iraq oil exports rise in August amid discounts and Iran approval
Iraq increased its oil exports in August, with September shipments also expected to rise, as large discounts and Iranian permission for its tankers to pass through the Strait of Hormuz attracted…
US-Venezuela pact seeks 1.5 million b/d of oil output: Rodriguez
Venezuelan Interim President Delcy Rodriguez said Aug. 29 that a newly signed binational oil agreement with the US targets production of more than 1.5 million b/d from 17 strategic fields over a…
Equinor brings its largest energy storage project online in the US
East Point Energy, a wholly owned Equinor company, has completed construction and started operations at Citrus Flatts, a 100 MW/200 MWh energy storage facility in Harlingen, Texas. With this…
Clean Shipping Alliance and Marine Fuels Alliance sign MoU to advance emissions compliance and fleet decarbonisation
The Clean Shipping Alliance and the Marine Fuels Alliance have signed a Memorandum of Understanding to support the shipping industry and bunker suppliers in meeting regulatory requirements on…
France faces major resilience test as nuclear output rises and renewables scale up, says GlobalData
France is solidifying its reliance on nuclear power generation and accelerating energy storage deployment to bolster grid stability, while scaling up interconnections with neighbors. As variable…
Lloyd’s Register supports LNG carrier-to-FSU conversion for Perenco offshore gas project
The project underlines the growing role of asset life extension amid increasing demand for floating gas infrastructure. Lloyd’s Register is delivering classification and technical assurance for the…
Equinor joins Chevron in Namibia exploration licence
Equinor has signed an agreement with Harmattan Energy Limited, a Chevron subsidiary in Namibia, to acquire a 17.4% participating interest in Petroleum Exploration Licence 90 in the Orange Basin…
Biofuel Bunker Snapshot: Conventional VLSFO price drops weigh on B30 prices
Europe Rotterdam’s B30-VLSFO (POMEME) price has dropped $85/mt in the past week. The Dutch port’s conventional VLSFO price has fallen $67/mt lower, which has cancelled out any support from a Prima…
HELLENiQ ENERGY Expands Chevron Partnership in an Offshore Block in the Ionian Sea
HELLENiQ ENERGY and Chevron announce an agreement for Chevron’s participation in the Block 10 concession, located offshore the Kyparissiakos Gulf in the Southern Ionian Sea in Greece. The agreement…
UECC says decade-old LNG bet positions fleet ahead of FuelEU
The share of bio-LNG in the carrier’s LNG consumption has more than doubled over the past year to 71%, improving environmental performance. United European Car Carriers (UECC) says a decade-old…
India’s crude oil imports rise 3% in April from prior month
India’s crude oil imports increased by more than 3% from March to April, reaching 20.08 million metric tons, according to government data from the Petroleum Planning and Analysis Cell. The April…
Why the real oil shock may only begin when China returns
The oil market has so far avoided a full-blown supply shock through inventory drawdowns, rerouted Middle Eastern flows, higher WoS exports and refinery run cuts across Asia. But the market’s uneasy…
Seadrill announces private offering of $600 million senior notes
Seadrill Limited announced that, subject to market conditions, Seadrill Finance Limited, an exempted company limited by shares incorporated under the laws of Bermuda and a wholly owned subsidiary of…
Ran subsea operation from shore – reduced 14 days to 12 hours
For the first time, Aker BP and DeepOcean have carried out an advanced subsea operation without sending key personnel offshore. A job that previously took two weeks offshore was completed in a single…
bp simplifies organisational structure and announces leadership appointments
bp set out its new organizational structure to simplify the company, improve performance and grow value for shareholders. From 1 July 2026, bp will be organized around two distinct business…
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