Energy.
Record diesel prices put US policy options in focus
Record-high diesel prices and tight inventories have put US exports under scrutiny, but keeping more barrels at home may offer only temporary relief. With refiners already running near capacity and strong global margins pulling US diesel overseas, export restrictions could support domestic inventories while weakening refinery economics. From a full ban to quotas and regulatory flexibility, each…
Offshore wind push to reshape Türkiye’s renewables landscape, says GlobalData
Türkiye is stepping into its first major offshore wind chapter with the launch of its inaugural offshore YEKA tender, an event that could reshape its power-generation mix, unlock vast investments,…
Saipem signed a Letter of Intent for Rovuma LNG onshore project in Mozambique
The final award to Saipem, within the SMDC joint venture, is subject to the Final Investment Decision (FID), and government and regulatory approvals expected within 2026. Saipem S.p.A., leading…
US gasoline prices climb despite EPA efforts to ease stricter summer specifications
Average spot prices for US gasoline on the Gulf Coast, Atlantic Coast, Midwest, and West Coast jumped 87-119 cents/gal year over year during March-July 2026, despite the US Environmental Protection…
ADNOC Accelerates Gas Growth Strategy with $6.2 Billion FID For Umm Shaif Gas Cap
As global demand for reliable, lower-carbon energy continues to grow, ADNOC is unlocking more gas resources and expanding its LNG portfolio to meet the needs of its domestic and international…
TotalEnergies announces final investment decision for the Umm Shaif Gas Cap Development in the United Arab Emirates
TotalEnergies announces the Final Investment Decision for the Umm Shaif Gas Cap development in the Umm Shaif and Nasr offshore concession, in which the Company holds a 20% interest alongside ADNOC ,…
India’s strength in shipping decarbonisation lies in cheap fuel production: GMF – ENGINE
Cheap green hydrogen-based fuels are India’s biggest strength in decarbonising shipping, a study by the Global Maritime Forum (GMF) said. GMF’s research found that the production costs for green…
Vår Energi to combine with BlueNord, building the largest independent producer of oil and gas in Europe
Vår Energi ASA (OSE: VAR, "Vår Energi", "the Company") and BlueNord ASA (OSE:BNOR, "BlueNord") have agreed on a combination of its businesses, making Vår Energi the largest independent producer of…
UAE’s exit rattles OPEC’s grip on the oil market
The UAE’s exit from OPEC is momentous, and undoubtedly the biggest schism in the organisation since it was founded in 1960. The UAE, a member since 1967, has risen by developing its vast resources…
Climate TRACE releases February 2026 Emissions Data
Climate TRACE reported that global greenhouse gas (GHG) emissions for the month of February 2026 totaled 4.9 billion tonnes CO₂e. This represents a decrease of 0.7% vs. February 2025. Total global…
Subsea7 awarded contract offshore Angola
Subsea7 announced the award of a substantial¹ engineering, procurement, construction, and installation (EPCI) contract by ExxonMobil to Subsea Integration Alliance (SIA) for a subsea tie-back…
BW Offshore signs FEED agreement for Bay du Nord FPSO
BW Offshore has signed a Front-End Engineering and Design (FEED) agreement with Equinor for the Bay du Nord development offshore Newfoundland and Labrador, Canada. The FEED agreement formalises the…
US LNG arbitrage to Asia open via Panama Canal; laden flows limited
US arbitrage to Asia through the Panama Canal opens amid stronger Asian demand following the Middle East conflict, although a recent rise in LNG transits through the canal is driven by unladen…
Corvus Energy achieves DNV Cybersecurity Type Approval for Dolphin NxtGen, strengthening leadership in secure Maritime Energy Storage
Corvus Energy, the leading provider of zero‑emission energy solutions for the maritime industry, has received DNV Cyber Security Type Approval for its Dolphin NxtGen Battery Energy Storage System…
FUJAIRAH DATA: Oil product stocks fall 6% to fourth straight record low
Oil product inventories at Fujairah in the UAE fell 6.3% in the week ended April 27 to 6.982 million barrels, hitting a record low for the fourth straight week and extending the drop since the…
Baker Hughes inaugurates New Subsea Manufacturing Facility, strengthening North Sea capabilities
Norwegian facility will manufacture critical offshore energy infrastructure Dusavik site, near Stavanger, powered by 100% renewable energy sources Baker Hughes, an energy technology company, on…
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