Energy.
Latam’s oil trade is being rerouted by the Middle East crisis
The global crude market is running a deficit of about 1-2 million b/d, as Middle East losses in medium-to-heavy grades push demand toward Latin America's heavier barrels, even though Brazil's output growth has flattened while Guyana's is picking up speed thanks to the country's latest FPSOs. Vaca Muerta's light crude output in Argentina is ramping up faster, aided by YPF's new pipeline expected…
Etu Energias signs Sale and Purchase Agreement with Chevron for Blocks 14 and 14K
Etu Energias signed a Sale and Purchase Agreement (SPA) with Chevron for the acquisition of Chevron’s participating interest in Blocks 14 and 14K, in Angola. The transaction marks an important…
Eni strengthens and expands its presence in Uruguay’s offshore sector
Eni has signed, together with MIWEN (a wholly owned subsidiary of YPF) and the Uruguayan National Oil Company ANCAP, the official agreement for the entry in the OFF-5 exploration block offshore…
China’s massive oil reserves give Beijing leverage during Iran war
China’s vast oil stockpiles have allowed Beijing to slash crude imports during the Iran war, helping contain global oil prices and reducing its vulnerability to supply disruptions, The Wall Street…
Eni announces final investment decision for Cyprus’ Cronos project
Eni has reached the Final Investment Decision (FID) to develop Cronos project, in deep waters offshore Cyprus, with the target to bring the first Cypriot gas to market in 2028. The project, operated…
Prysmian onboards New Cable Jointers and commits to dedicated Training Academy in Scotland
Prysmian acquires a high voltage cable jointer training center in Scotland Apprentice jointers and training staff join world's leading – and the UK’s No. 1 energy and digital…
Vattenfall awarded Hesselø and North Sea I Mid offshore wind projects in Danish tender
Vattenfall has been awarded the Hesselø and North Sea I Mid offshore wind projects in the latest Danish offshore wind tender, strengthening Vattenfall’s offshore portfolio and supporting the…
FuelEU Maritime: early lessons from the first year of compliance
The first data on FuelEU Maritime compliance is now emerging, following the first year of reporting against greenhouse gas (GHG) intensity targets for shipping companies trading in the EU. To…
New consortium to advance e-fuel green corridor between Brazil and Belgium
A new consortium facilitated by the Global Maritime Forum and RMI will work to establish a green shipping corridor between the Port of Açu in Brazil and the Port of Antwerp-Bruges in Belgium. In…
Greek shipowners work with Japan, Liberia on new IMO bunker rules
The Union of Greek Shipowners has reached out to Liberia and Japan to work on alternative proposals to the International Maritime Organization’s Net-Zero Framework, the group said June 5, also…
Biofuel Bunker Snapshot: Rotterdam B30-VLSFO edges higher despite POMEME barge price drop
ARA and Europe Rotterdam’s B30-VLSFO (POMEME) price has shown a slight increase of $9/mt over the week. The port’s conventional VLSFO price has dipped around $5/mt during the same time. Prima…
Sempra’s ECA LNG Phase 1 achieves first LNG Production
Sempra Infrastructure, a subsidiary of Sempra announced that the ECA LNG Phase 1 liquefaction project in Ensenada, Mexico, has successfully started producing liquefied natural gas (LNG) as part of…
SBM Offshore intends to divest minority interest in FSO Chalchi
SBM Offshore announces that it has entered into a shareholders’ agreement with its long-standing business partner Nippon Yusen Kabushiki Kaisha (NYK) with the intention to divest a 45% ownership…
India’s bunker fuel demand rises in May amid improved supply, competitive prices
India’s bunker fuel demand strengthened in May, supported by improved product availability and competitive pricing that stimulated buying interest, market participants told Platts, part of S&P…
Cable Risk Report puts spotlight on Offshore Energy Repair Readiness
IMCA says Windward’s findings highlight the need for policy alignment to support the resilience of subsea energy and data networks. New analysis from maritime intelligence company Windward,…
DEME secures dredging contract to enhance access to strategic Tunisian Ports
DEME has signed a dredging contract1 with the Office de la Marine Marchande et des Ports to enhance accessibility, safety, and compliance with international standards at several strategic ports in…
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