Energy.
Crude Oil Inventories Surge, Defying Market Expectations
The Energy Information Administration (EIA) has reported a significant increase in U.S. crude oil inventories, a development that caught market participants by surprise. The latest data reveals an actual increase of 2.969 million barrels in crude oil inventories. This figure starkly contrasts with the market’s forecasted decline of 0.700 million barrels, signaling an unexpected buildup.…
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…
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…
EVelution Energy secures $850 million Cobalt offtake agreement with Mitsui, advancing U.S. and Allied Critical Minerals Independence
EVelution Energy LLC , a U.S. critical minerals company developing the first commercial-scale cobalt metal and cobalt sulfate processing facility in the United States, today announced the signing of…
U.S. energy exports hit record highs as Strait of Hormuz conflict persists
The ongoing conflict in the Middle East has cemented America’s position as a global energy-exporting powerhouse, with international demand for U.S. crude, natural gas, and refined products reaching…
LG Energy Solution Ships first ESS batteries from Poland
LG Energy Solution has begun its first shipment of energy storage system batteries from Poland, stepping up its drive into the European market. LG LGES announced on April 24 that it had shipped the…
Why Europe’s carbon market needs a practical safety valve
As debate over carbon market reform intensifies, the EU should consider a temporary safety valve for the Emissions Trading System. A limited release of future allowances, matched by high integrity…
PETRONAS reinforces industry resilience and competitiveness at OGSE partners day 2026
PETRONAS reaffirmed the importance of strengthening resilience, competitiveness and execution capability across Malaysia’s oil and gas service and equipmentecosystem at its OGSE Partners Day, held…
Saipem new offshore contract by ExxonMobil Guyana
Saipem has been awarded a new Limited Notice to Proceed, worth around 150 million USD, by ExxonMobil Guyana Limited for the engineering, procurement, construction and installation of the subsea…
As the shipping industry monitors the Strait of Hormuz, EmissionLink warns UK ETS preparations cannot wait
The events unfolding in and around the Strait of Hormuz are understandably commanding the industry’s attention. Whilst management attention is focused on one of the world’s most strategically…
DeepOcean wins offshore wind work in Taiwan
Global ocean services provider DeepOcean has been awarded a contract for installation support of the inter-array cables on the TPC offshore wind farm phase 2 (TPC-II) offshore Taiwan. DeepOcean’s…
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