Energy.
India’s state LPG importers seek 2.75 million tons from U.S
Three Indian state-owned liquefied petroleum gas importers issued a joint tender on Friday for approximately 2.75 million metric tons of LPG from the United States for delivery in 2027, a Reuters report said. Indian Oil, Bharat Petroleum, and Hindustan Petroleum are requesting four very large gas carrier cargoes per month through the tender, the report added citing document seen by Reuters. Each…
Equinor and Uniper sign 15-year gas sales agreement for supplies to Germany
Equinor and the energy company Uniper have signed a 15-year agreement for supplies of natural gas to Germany. Under the agreement, Equinor will deliver more than 30 TWh of natural gas per year to…
Pakistan’s oil refiners set to export 185,000 mt of fuel oil in August
Pakistan’s oil refineries have received regulatory approval to export about 185,000 metric tons of fuel oil in August, while maintaining adequate strategic reserves to meet the needs of the…
Baltica 2 reaches major milestone with completion of 111 monopile installations
Van Oord has successfully installed all 111 monopiles for the Baltica 2 wind farm in Poland, including 107 for wind turbines and 4 for offshore substations. Delivered safely and on schedule,…
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…
Carbon cost “reimbursement right” in shipping’s EU ETS is largely unenforceable, new study finds
Shipowners and ship managers who pay the bill for emissions under the EU Emissions Trading System (EU ETS) may not be able to recover those costs from the party that mostly drives those emissions…
Shipping industry fears fuel shortages as Iran war squeezes bunker fuel supply
Ship operators rely on a sludgelike substance known as bunker fuel to keep vessels running. The Iran war ‘s closure of the Strait of Hormuz has choked off the supply of this fuel that powers the…
bp enters North Ustyurt PSA in Uzbekistan
bp confirmed its entry into a production sharing agreement (PSA) for six blocks in the North Ustyurt region of the Republic of Uzbekistan. The agreement includes the Boyterak, Terengquduq, Birqori,…
Energy trade flows are rerouted as the Strait of Hormuz remains mostly closed
“No country has ever profited from protracted warfare,” the great Chinese military theorist known as Sun Tzu wrote around the 5th century BCE. It is a warning that may resonate in Washington today.…
Limited uptick in Hormuz LNG traffic offers scant relief to global markets
The recent uptick in LNG tanker crossings out of the Persian Gulf is offering only limited immediate relief to international buyers grappling with the sustained loss of about 20% of global supply,…
Kickster FuelEU Marketplace reports rapid market development and emerging pricing signals following first compliance cycle
Following the completion of the first FuelEU Maritime compliance cycle, KICKSTER reported strong growth in marketplace participation, increasing open interest, and the emergence of early pricing…
PLL signs a 20-year time charter party with MISC for five newbuild LNG carriers
PETRONAS has signed a 20-year time charter agreement with MISC Group for five newbuild 174,000-cbm liquefied natural gas carriers, reinforcing its long-term LNG supply reliability, while supporting…
Ørsted and PGE kick off offshore installation of Baltica 2 project
Ørsted and PGE are moving ahead with full-scale offshore construction activities on the Baltica 2 project. The first foundations have been successfully installed in the Polish part of the Baltic…
DOF Group ASA announced the sale of vessel
DOF has agreed to sell the 2016 built cable layer, Skandi Connector. The vessel is planned to be delivered to the new owners in Q3 2026. Mons S. Aase, CEO DOF Group AS, says: “The sale of the Skandi…
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