Energy.
Offshore energy insurance market faces growing profitability pressures, reports IUMI
The global offshore energy insurance market remained challenging in 2025, with premium growth largely reflecting currency movements and changes in business mix rather than underlying market expansion, according to the International Union of Marine Insurance (IUMI). Speaking at IUMI’s annual conference in Rotterdam, Michele Cibrario, Chair of IUMI’s Offshore Energy Committee, reported that global…
ARA fuel oil stocks climb down 1% in July – ENGINE
The ARA's independently held fuel oil stocks have averaged 1% lower in July, compared to June's monthly average, according to Insights Global data.
Chevron strengthens North American Base Oils Distribution Network
Chevron Products Company, a division of Chevron U.S.A. Inc., will expand its North American base oils distribution network, strengthening customer access to premium base oils and process oils…
Shearwater awarded carbon storage seismic survey contract in Australia
Shearwater Geoservices AS (“Shearwater”) has been awarded a 3D seismic survey contract to support appraisal of the carbon storage potential in the Bonaparte Basin, Northern Australia. The project is…
Petrobras concludes acquisition of exploration block in São Tomé and Príncipe
Petrobras, following up on the disclosure made on April 17, 2026, announces that it has concluded the acquisition of the interest in and operatorship for Block 3, located offshore São Tomé and…
Asia’s HSFO cash differentials fall to lowest since Dec 2025 on increasing supply
Asia’s high sulfur fuel oil cash differentials declined July 7 to their widest discounts so far in 2026, weighed by expectations of increasing near-term supply from the Middle East, market sources…
Van Oord and Sumitomo consortium sign long-term HVDC framework agreement with SSEN transmission
SSEN Transmission and the Sumitomo Electric and Van Oord consortium have signed a long-term framework agreement to support the delivery of future High Voltage Direct Current subsea transmission…
TotalEnergies divests its distributed Solar Generation Activities in Europe
In line with its strategy to refocus its renewable development on large utility-scale solar and wind farms in order to benefit from economies of scale, TotalEnergies announces that it has…
Singapore bunker demand rises 13% in March on higher vessel activity: CAS
Singapore’s bunker fuel demand grew by double digits year over year in March, according to S&P Global Commodities at Sea data April 6, as more shipping companies turned to the world’s largest…
Valmet’s automation ensures safe and efficient operation at the complex multifuel waste-to-energy plant in Poland
Valmet will supply the complete Valmet DNAe Distributed Control System and safety systems for PEC Gliwice Sp. z o.o.’s new waste-to-energy steam unit, part of the Green Energy Park project under…
First-time collaboration between MOL and Shell on an innovative book and claim initiative for marine decarbonization
Mitsui O.S.K. Lines, has collaborated with Shell Trading Rotterdam to implement a book and claim model that enables the indirect generation of Environmental Attribute Certificates derived from the…
Sawgrass LNG & Power completes first-ever LNG Shore-to-Ship bunkering operation at Port Everglades
Sawgrass LNG & Power announced the successful completion of the first-ever shore-to-ship liquefied natural gas (LNG) bunkering operation at Port Everglades in Fort Lauderdale on March 26, 2026,…
Eni unveils 2 Tcf Gas discovery offshore Egypt, unlocking Fast Track Development Potential
Eni announces a significant gas and condensate discovery in Egypt, with the successful drilling of the Denise W 1 exploration well in the Temsah Concession, located offshore in the Eastern…
Aker BP has started oil production from the Symra field in the North Sea
The project has been delivered nine months ahead of original schedule, generating significant value and accelerating production start into 2026. The field is estimated to contribute approximately…
Subsea7 and SLB OneSubsea sign strategic collaboration agreement with PETRONAS Suriname
Subsea7 announced the signing of a strategic collaboration agreement between PETRONAS Suriname E&P B.V. (“PETRONAS Suriname”), a subsidiary of PETRONAS and Subsea Integration Alliance (SIA),…
LNG Bunker Snapshot: Singapore price falls on weaker premiums
Rotterdam’s LNG bunker price declines on softer European gas benchmark, while Singapore’s price drops mainly due to a sharp fall in LNG bunker premiums. Weekly changes in LNG bunker prices:…
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