The Vertical Corridor is expanding into the Western Balkans, with North Macedonia and Serbia joining the regional gas initiative in a move set to strengthen energy diversification, cross-border connectivity, and security of supply from Greece to markets across Southeast and Central Europe. The post Boost for Europe’s energy diversification and cross-border gas flows as Western …
Very Large Crude Carrier rates out of the US Gulf Coast hit record highs on Sept. 4 as a tight tonnage list in the Atlantic Basin, coupled with firmer VLCC rates in other global markets, bolstered bullish sentiment. With increased volatility stemming from ongoing risks and uncertainty surrounding transits through the Strait of Hormuz, charterers …
Americas VLCC rates spike to record highs on bullish fundamentals Read More »
LNG The LNG market remained under pressure this week, although the Atlantic basin showed some signs of stabilisation. September laycans are now largely covered and attention has begun to shift towards October requirements, with spot enquiry gradually emerging. However, vessel availability remains elevated across both basins, continuing to weigh on freight levels. On the BLNG1 …
LNG Shipping Still Under Pressure, While LPGs Moving Higher Read More »
The U.S.-Iran conflict intensified over the weekend as Tehran claimed fresh attacks on a U.S.-operated drone boat and several commercial vessels, adding to a widening confrontation in the Strait of Hormuz after Washington struck three Iranian oil tankers, Al Jazeera reported on Sunday. Iran’s Islamic Revolutionary Guard Corps said its naval forces attacked a remotely …
U.S.-Iran tanker war escalates as Hormuz disruption deepens Read More »
As a meeting on the climate impacts of global shipping closed today at the International Maritime Organization (IMO), the Clean Shipping Coalition welcomed broad support by member states for the Net-Zero Framework (NZF) – the UN shipping body’s long negotiated compromise climate agreement, criticised attempts by a minority of states to undermine it with ‘alternative …
Shipping’s Net-Zero Framework Sails On, Despite Headwinds from Detractors Read More »
Independent verification helps ensure that the methodologies used to assess these technologies are robust, transparent and aligned with recognised industry standards. Lloyd’s Register (LR) has completed an independent verification and assessment of computational fluid dynamics (CFD) analysis for SunRui’s suction sail technology. Announced at SMM 2026 in Hamburg, the verification reflects a growing industry focus …
LR validates performance modelling for SunRui suction sail technology Read More »
A carbon capture facility has been inaugurated in the Netherlands at Yara’s plant, from […] The post Netherlands becomes home to ‘Europe’s largest’ carbon capture facility appeared first on Offshore Energy.
Australian energy company Santos has taken steps to boost its stake in a liquefied natural gas (LNG) project in Papua New Guinea, Oceania. The post Santos expands Oceania LNG exposure as ExxonMobil takes the reins appeared first on Offshore Energy.
Malaysia’s state-owned oil and gas heavyweight Petronas is using artificial intelligence (AI) to transform the country’s exploration and production investment landscape, helping investors identify and evaluate upstream opportunities faster as it seeks to attract more capital and accelerate projects from discovery to first production. The post Petronas on AI-powered quest to streamline Malaysia’s upstream investment …
Petronas on AI-powered quest to streamline Malaysia’s upstream investment playbook Read More »
The first fully operational, pre-permitted and grid-connected wave energy test facility in the continental […] The post Grid-connected wave energy test facility opens in US appeared first on Offshore Energy.
