Energy.
Saudi Arabia is running out of options to export oil. What does that mean for global energy?
Saudi Arabia’s ability to export oil is under severe strain as disruptions affect its major maritime routes and a key crude pipeline, creating a bottleneck for global energy markets. The Strait of Hormuz, the most viable route for shipments from Saudi Arabia’s eastern ports such as Ras Tanura, has been effectively closed since late February, says The National News. Saudi Arabia’s western…
New report calls for standardised approach to Safe Havens on ammonia-fuelled ships
The report identifies an opportunity to build a shared, evidence-based approach to Safe Havens as the industry applies new regulatory requirements to ammonia-fuelled vessels. Lloyd’s Register…
Global refining has become the real supply constraint
Refining, rather than crude supply, has emerged as the primary constraint on global oil markets, as geopolitical disruptions, policy constraints and logistical bottlenecks continue to limit…
bp starts up Atlantis Major Facility Expansion project in Gulf of America
bp has started up its Atlantis Major Facility Expansion project in the US Gulf of America. Atlantis is located about 150 miles south of New Orleans and has been in production for nearly 20 years. The…
Mexico: TotalEnergies ships to Asia the very first cargo produced by the ECA LNG Plant
ECA LNG is the first LNG export terminal on Mexico’s Pacific Coast TotalEnergies holds a 16.6% stake in ECA LNG, which liquefies U.S. natural gas TotalEnergies will export 1.7 Mtpa of LNG, notably…
Saipem awarded contract for the Kutei FPSO project in Indonesia
The contract covers the engineering, procurement, construction and installation of a floating production, storage and offloading unit for the Kutei North Hub Field Development Facility…
Eni invests in EnergyX’s Black Giant project to develop lithium business in Chile
Eni announces that it has signed an agreement to acquire a 25% stake in EnergyX's Chilean subsidiary company Black Giant SpA, developing a lithium project located in northern Chile, near the Salar de…
TechnipFMC awarded Subsea Contract for Eni’s Baleine Phase 3 Development Offshore Côte d’Ivoire
TechnipFMC (NYSE: FTI) has been awarded a significant(1) contract by Eni SpA (ENI:MI) for Baleine Phase 3, a fast-track development to expand production from the largest hydrocarbon discovery…
US supply chains intact but fuel costs rise amid Middle East tensions
Bunker fuel used by container vessels has doubled over the past three weeks, increasing costs across supply chains. There is a low probability that American consumers will be immediately impacted by…
Beyond oil: Strait of Hormuz power struggle threatens fertiliser and ammonia trade
The trade of global fertiliser and ammonia faces intense pressure due to the effective closure of the Strait of Hormuz as diplomatic talks between the US and Iran remain uncertain. Rystad Energy’s…
Shale Oil Components detected in Marine Fuels in Singapore
VPS has seen an increase in the levels of shale oil components in marine fuels bunkered recently in Singapore. Although we have received no reports of problems, from vessels using these fuels, we do…
Australia signals LNG export Curbs to South Korea
Seoul says near-term supply impact is limited, but notes Australia provides about 24% of Korea’s LNG imports On April 2, the Ministry of Trade, Industry and Energy (MOTIE) said the Australian…
Excelerate Energy names new FSRU Excelerate Acadia at HD Hyundai Heavy Industries
Excelerate Energy, Inc. announced the official naming of its newest floating storage and regasification unit, Excelerate Acadia, during a naming ceremony at the Hyundai Heavy Industries shipyard in…
New Fortress Energy Brazil enters into Terminal Lease Agreement for TGS
New Fortress Energy Inc. announced that its Brazil platform has entered into a long-term lease and capacity agreement (“Lease Agreement”) for its Terminal de Gás Sul (“TGS”) LNG import terminal in…
Borr Drilling Limited announced new contract commitments for four of its premium jack-up rigs
In West Africa, the Prospector 5 has received a binding letter of award (“LOA”) from BW Energy in Gabon. The commitment covers a firm scope of four wells, with a minimum duration of 320 days, and…
World Fuel Services and West Coast Clean Fuels establish proven Methanol Bunkering Capability available across U.S. Ports
A first in the U.S. for over-the-water methanol bunkering World Fuel Services, in collaboration with West Coast Clean Fuels, has established a proven methanol bunkering capability available to vessel…
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