The Group of Seven countries and the European Union are in talks to replace a price cap on Russian oil exports with a full maritime services ban in a bid to reduce the oil revenue that helps finance Russia’s war in Ukraine, six sources familiar with the matter said. Russia exports over a third of …
EU, G7 weigh ban on maritime services for Russian oil exports, end to price cap Read More »
Asia’s hi-5 fuel oil spread narrowed to a five-week low on Friday, as the very low-sulphur fuel oil (VLSFO) market remained under pressure in recent sessions while high sulphur fuel oil (HSFO) showed some recovery. The hi-5, which reflects VLSFO’s premium over the price of 380-cst HSFO, fell to $72.85 a metric ton, according to …
As the offshore energy sector sees advancements in exploration, infrastructure expansion, LNG diversification, and carbon management initiatives, new discoveries in Norway reinforce the ongoing oil and gas dominance. International players, such as Shell, Equinor, Chevron, and Petrobras are reshaping portfolios through joint ventures, divestments, and capex commitments. The post Round-up: New oil & gas discoveries …
Round-up: New oil & gas discoveries take center stage as LNG momentum grows Read More »
Italy’s energy giant Eni has won a new multi-year liquefied natural gas (LNG) agreement with Gulf Development Company, said to be one of Thailand’s largest private power producers. The post Eni pens decade-long LNG offtake deal with Thai player appeared first on Offshore Energy.
Texas LNG, a subsidiary of Glenfarne Energy Transition, has secured an offtake deal with Macquarie Energy, a subsidiary of Macquarie Group, for a liquefied natural gas (LNG) export facility to be constructed in the Port of Brownsville, Texas. The post 20-year offtake lands on LNG project’s table in Lone Star State appeared first on Offshore …
20-year offtake lands on LNG project’s table in Lone Star State Read More »
The Danish Energy Agency has postponed the deadline for its carbon capture and storage (CCS) tendering procedure, which enables interested companies to get a slice of the DKK 28.7 billion ($4.59 billion) funding cake earmarked to lend Denmark a helping hand in achieving its climate neutrality vision. The post Denmark pushes back bid submission deadline …
Elektrownia Wiatrowa Baltica – 1, a project company set up by PGE Polska Grupa […] The post Polish offshore wind developer seeks geotechnical investigation services appeared first on Offshore Energy.
Xeneta, an ocean and air freight rate benchmarking and market analytics platform transforming the shipping and logistics industry, is convinced that the return of container ships to the Red Sea is edging closer, as France’s shipping giant CMA CGM, as a major carrier, reveals a new full-loop service via Suez Canal. The post Red Sea …
A consortium, consisting of Brazil’s state-owned energy giant Petrobras and Shell Brasil Petróleo, a subsidiary of the UK-headquartered Shell, has secured additional equity in two pre-salt oil projects in Brazilian waters following an auction led by Pré-Sal Petróleo (PPSA). The post Petrobras and Shell up their stakes in pre-salt oil projects offshore Brazil appeared first …
Petrobras and Shell up their stakes in pre-salt oil projects offshore Brazil Read More »
U.S. energy infrastructure player New Fortress Energy (NFE) has received the go-ahead for its multi-year gas supply arrangement with the government of Puerto Rico, which will allow it to provide liquefied natural gas (LNG) to the Caribbean nation. The post Seven-year gas supply deal is a go as Puerto Rico backs it up appeared first …
Seven-year gas supply deal is a go as Puerto Rico backs it up Read More »
