Energy.
INA Successfully starts up new delayed Coker Unit DCU at the Rijeka Refinery
The refinery can now process heavier grades, broadening the pool of potential suppliers and further strengthening supply security DCU eliminates the need to import vacuum gas oil , while the same amount of crude oil is expected to yield up to 30% more diesel The project is valued at nearly EUR 700 million, part of a long-term investment cycle by INA and MOL Group in the modernization of the…
Data source: U.S. Energy…
“Solidarity” announced as official name for Poland’s first FSRU
GAZ-SYSTEM has decided on the name of the first FSRU vessel to be located in the Gulf of Gdańsk. This is more than just a symbolic reference to the history of the city of Gdańsk. In an era when…
New offshore drilling contract for Saipem worth approximately 260 million USD
Saipem has been awarded a new offshore drilling contract by Eni Côte d’Ivoire Limited, valued at approximately 260 million USD. In particular, the drillship Santorini will be deployed…
South Korea secures 88% of May crude needs from balanced mix of supply sources
South Korea secured close to 90% of its monthly crude oil requirements in May amid the Middle East conflict, as the refining sector successfully procured many sour crude cargoes via the Red Sea and…
Equinor and Vår Energi agree asset swap in Troll and Gjøa areas
Equinor and Vår Energi have agreed to a swap of assets on the Norwegian continental shelf (NCS). The transaction enables further maturation of the Peon gas discovery towards development…
Iraq seeks reassessment of OPEC production quotas
Iraq's Oil Ministry said Friday that OPEC has started to gradually restore the country's pre-war production allocations. The ministry stated this move would strengthen Iraq's output capacity and…
Biofuel Bunker Snapshot: B30-VLSFO prices fall across Europe and Asia
Europe Rotterdam’s B30-VLSFO (POMEME) price has dropped $34/mt in the last week. This drop comes despite an $11/mt gain in the Dutch port’s VLSFO price. The B30-VLSFO price premium over conventional…
KOGAS strengthens energy security with Canadian LNG Project
KOGAS’s 15 Years of ‘Perseverance’ in LNG Canada Project Contributes Supply Diversification Away from Middle East Dependence Recently, the US-Iran war has led to the blockade of the Strait of…
Impact of Middle East conflict on TotalEnergies Activities
Confirmation of information released on Company’s website on March 10, 2026 Production has been shut down or is in the process of shutting down in Qatar, Iraq and UAE offshore,…
The Week in Alt Fuels: Fuel reckoning
A war-driven oil shock has once again exposed shipping’s vulnerability to fossil fuel dependence and reinforced the need to shift to low- and zero-emission bunker fuels. The ongoing Middle East…
Yanbu VLCC liftings broaden as freight premiums surge
In March, Saudi Aramco began diverting crude exports to Yanbu as the East-West pipeline approaches full operating capacity (7mbd, industry sources). The shift is designed to keep barrels moving…
Hormuz oil flows down 97% from normal levels, Goldman Sachs says
Oil flows through the Strait of Hormuz have collapsed amid the escalating Middle East conflict, with shipments now running far below normal levels, according to a new tracker note from Goldman…
LNGC loadings down in Qatar post force majeure, as the conflict continues
Drewry AIS shows Qatar loaded only 7 LNGCs in week 10 (ending 6 March) due to heightened tensions in the Middle East following the closure of the Strait of Hormuz. On average, the country loads…
Worley selected by Chevron Cyprus for Aphrodite Gas Field Development FEED
Worley has been selected by Chevron Cyprus Limited (a subsidiary of Chevron Corporation) to provide Front‑End Engineering Design (FEED) and procurement services for the Aphrodite Field Development…
SLB OneSubsea announces agreement to acquire subsea business of Envirex Group AS
Global energy technology company SLB (NYSE: SLB) announced today that its OneSubsea™ joint venture has entered into an agreement to acquire the subsea business of Norway-based Envirex Group AS. As a…
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