Energy.
Petrobras signs long-term agreement for the purchase and sale of Liquefied Natural Gas with US company Sempra Infrastructure
Petrobras has signed a long-term Liquefied Natural Gas (LNG) sale and purchase agreementwith Sempra Infrastructure, a U.S. company and subsidiary of Sempra. The agreement, signed at the end of August, provides for Petrobras to purchase 0.8 million tonnes per annum (mtpa) of LNG for a period of 20 years, with supply from the Port Arthur LNG Liquefaction Terminal in Texas, United States. Securing…
Spain’s first offshore solar platform arrives at the Port of Valencia to begin its testing phase
Bluenewables, Naturgy, and the Valencia Port Authority are promoting a pioneering open-sea floating solar project, the testing phase of which will take place in the waters of the Port of Valencia…
PETRONAS and Shizuoka Gas Reinforce longstanding LNG partnership
PETRONAS LNG, a subsidiary of Petroliam Nasional Berhad has signed a new Liquefied Natural Gas Sale and Purchase Agreement with Shizuoka Gas , reinforcing a trusted partnership spanning three…
Iranian floating crude storage decreases in June as sanctions relief clears cargoes
Crude on tankers drops 50% as sanctions ease Chinese refiners cut Iranian imports by 43% Regular Middle East crude regains competitiveness Floating storage of crude and…
Biofuel Bunker Snapshot: Conventional VLSFO price drops weigh on B30 prices
Europe Rotterdam’s B30-VLSFO (POMEME) price has dropped $85/mt in the past week. The Dutch port’s conventional VLSFO price has fallen $67/mt lower, which has cancelled out any support from a Prima…
HELLENiQ ENERGY Expands Chevron Partnership in an Offshore Block in the Ionian Sea
HELLENiQ ENERGY and Chevron announce an agreement for Chevron’s participation in the Block 10 concession, located offshore the Kyparissiakos Gulf in the Southern Ionian Sea in Greece. The agreement…
UECC says decade-old LNG bet positions fleet ahead of FuelEU
The share of bio-LNG in the carrier’s LNG consumption has more than doubled over the past year to 71%, improving environmental performance. United European Car Carriers (UECC) says a decade-old…
India’s crude oil imports rise 3% in April from prior month
India’s crude oil imports increased by more than 3% from March to April, reaching 20.08 million metric tons, according to government data from the Petroleum Planning and Analysis Cell. The April…
DOF Group ASA announced contract award in Argentina
DOF Group ASA is pleased to announce the award of a Substantial* contract for a project in Argentina. The project is scheduled for offshore operations across two campagins in Q2 and Q3-Q4 of 2026 and…
Chevron awarded four offshore leases for Greece exploration blocks
Chevron Corporation, via its four Dutch subsidiaries, together with HELLENiQ ENERGY has today signed Lease Agreements with the Hellenic Republic which will enable exploration of four blocks offshore…
LNG – From Waste to Wake
The International Maritime Organisation’s (IMO) Net Zero Framework (NZF) adjournment increases the relative importance of the European Union (EU) regulations, including FuelEU maritime and EU…
PETRONAS secures Oman’s Block 18, advancing global exploration portfolio
PETRONAS announced that its wholly-owned subsidiary, PC Oman Ventures Ltd (PCOVL) has signed a Concession Agreement with the Government of the Sultanate of Oman and OQ Exploration and…
Aker Solutions awarded long-term MMO frame agreement by Aker BP
Aker Solutions has been awarded a major[1] five-year contract with Aker BP for Maintenance, Modification and Operation services (MMO). The contract covers all Aker BP’s key assets on the Norwegian…
China’s LNG orders tighten slots, boost Korea’s pricing power and U.S. push
As China’s shipbuilding industry has aggressively increased orders for liquefied natural gas (LNG) carriers since the start of the year, some analysts say the move is paradoxically serving as a…
NGOs criticise IMO’s slow progress on cleaner fuel rules for Arctic Shipping
As a meeting of the International Maritime Organization’s (IMO) Pollution Prevention and Response committee closes today (PPR 13, February 9-13), the Clean Arctic Alliance welcomed progress and…
ABS delivers new report for EMSA on Ammonia Safety
Commissioned and published by the European Maritime Safety Agency (EMSA), a new report focused on the safety of ammonia as a marine fuel was developed by an ABS-led consortium that included the…
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