Energy.
India’s crude import bill rises 48% to $74.8 bn in Apr-Aug amid high costs
India’s crude oil import bill rose 48.4 per cent year-on-year to $74.8 billion in April-August. Higher international prices drove the increase despite import volumes remaining nearly the same, according to data from the Petroleum Planning and Analysis Cell (PPAC). The country spent $24.4 billion more on crude during the first five months of FY27 than in the corresponding period a year earlier.…
Oil markets under-pricing geopolitical supply shock, warns Mirae Asset
Global oil markets are moving through a fragile phase in which geopolitical risk, maritime disruption, depleted inventory buffers, and stress across refining systems are converging. The immediate…
Fuel Switch Snapshot: Pooling party cools for B100 and LBM – ENGINE
Rotterdam B100 flips to $110/mt premium over VLSFO
Singapore B100 loses cost edge against LSMGO
LBM swings to $25/mt premium over VLSFO for Otto MS engines
Vitol divests VGMobility, the largest platform of sustainable transportation assets in Latin America
Vitol announces the divestment of one of its emobility companies, VGMobility. Created by Vitol in 2020 with a mission to deliver green mobility solutions across the Americas, today, VGMobility is…
STAX Engineering lands $150 million to scale ship emissions capture
US-based emission reduction technology firm STAX Engineering has secured $150 million financing to boost its emissions capture system for ships. The funding will be used for contracted fleet build…
India’s first greenfield integrated refinery complex in a decade starts
India’s first greenfield integrated refinery complex in a decade began operations July 4, a development that will advance the country’s energy security and support its emergence as a key refining…
Oceaneering announces increase in Revolving Credit Facility to $345 Million
Oceaneering International, Inc. announced that it has entered into an amendment to its senior secured revolving credit facility (“Credit Facility”) to, among other things, increase the commitments…
The July 2026 edition of the DNV class rules and standards for ship and offshore
The July 2026 edition introduces new class notations and significant updates designed to support the maritime industry’s ongoing transition towards greater sustainability and innovation. This news…
Hormuz disruptions strain East & South Africa’s oil supply
Relying on the Middle East for nearly half of its oil imports, East and South Africa are particularly exposed to cuts in flows through the Strait of Hormuz East and South Africa’s limited domestic…
TotalEnergies and EDF Sign a Long‑Term Partnership to Secure Low‑Carbon Electricity Supply for TotalEnergies’ Refining & Chemicals Sites in France
Patrick Pouyanné, Chairman and Chief Executive Officer of TotalEnergies, and Bernard Fontana, Chairman and Chief Executive Officer of the EDF Group, today signed a Nuclear Production…
Teesport Offshore Gateway can be ready by 2028 to support UK offshore wind acceleration and generate 270m per year for Teesside economy
PD Ports welcomes the Crown Estate's announcement on the Round 6 offshore auction by confirming its planned ‘Teesport Offshore Gateway’ - a large deep-water offshore wind manufacturing and assembly…
ClassNK grants approval in principle AiP for a liquefied CO2 carrier intended to socket SPAR unit for injection facility
ClassNK has issued an Approval in Principle for the designs of a liquefied CO2 carrier intended to Socket SPAR Unit for injection facility. The certification demonstrates its feasibility from…
Kawasaki supply LNG tanks for Sakaide LNG orders Sakaide LNG terminal upgrade —supporting energy transitioning in society by LNG facility construction
Kawasaki Heavy Industries, and JFE Engineering Corporation announced that the LNG Tank Expansion Construction Joint Venture for the Sakaide LNG Terminal formed by Kawasaki and JFE Engineering has…
Woodside assumes control of Beaumont New Ammonia operations
Woodside Energy has assumed operational control of the Beaumont New Ammonia facility in southeast Texas, following successful completion of performance testing and handover from OCI Global. BNA…
TotalEnergies publishes its sustainability & climate 2026 progress report
TotalEnergies publishes its Sustainability & Climate – 2026 Progress Report, which presents the progress achieved in the implementation of its 2025 transition strategy, notably regarding…
E-methane to take off as TES launches SEA-LNG membership
Tree Energy Solutions , a global green energy company developing large-scale e-methane projects, has joined the SEA-LNG coalition. SEA-LNG’s membership now includes around 40 organisations spanning…
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